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Published: Thursday, December 07, 2017 @ 8:50 AM
— A Cleveland private equity firm has acquired Dayton’s Gem City Manufacturing.
Cleveland’s CapitalWorks has acquired the 401 Leo St. manufacturer and provider of advanced automated equipment, assemblies, robotics and precision machining, the company said recently.
Terms were not disclosed.
The acquisition is the first investment for CapitalWorks Fund IV, L.P., CapitalWorks’ fourth private equity fund.
CapitalWorks will partner with Rick Wiegand, Gem City’s chief executive, and President Tim O’Meara on the next steps. O’Meara has been with Gem City for over four decades.
“We look forward to working with the Gem City team to grow the business,” CapitalWorks Managing Director Todd Martin said in a statement.
Serving the defense, aerospace, medical, optical communications, packaging, robotics and semiconductor markets, Gem City specializes in highly automated, custom equipment and complex assemblies.
“We are excited to partner with CapitalWorks and their network of industry experts to continue the evolution of Gem City,” Wiegand said in the firms’ joint announcement. “They have a deep understanding of our industry and we value their strategic vision along with the resources brought to us by their network.”
Gary Pinard, former president and owner of TecoMetrix; J.D. Sullivan, former CEO of Mayfran International; and Joe Brown, president of Tailwind Technologies, will join the Gem City board, the companies said.
Published: Tuesday, January 23, 2018 @ 7:57 AM
— John Glenn Columbus International Airport is adding another Starbucks location and several other new dining options for travelers.
The airport added its fifth Starbucks location near baggage claim, operated by global restaurateur HMSHost. Other new dining options will open in Concourse C in the second quarter of 2018, the airport announced. Donatos, with a full-service menu and bar, will replace Johnny Rockets. PGA Tour Grill, with a full-service menu and bar, will replace Buckeye Hall of Fame Cafe.
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While the restaurants are under construction, a food and beverage kiosk will be available for customers along with American Craft Tavern, a Samuel-Adams themed bar and restaurant that opened in July. More than 7.5 million passengers traveled through the airport last year.
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Published: Tuesday, January 23, 2018 @ 8:41 AM
— At least one local manufacturer is celebrating the Trump administration’s move to slam down new tariffs on imported goods.
Whirlpool Corp. said it is adding 200 jobs after the administration imposed a tariff of up to 50 percent on large residential washing machines, a penalty aimed squarely at rival manufacturers Samsung Electronics Co. and LG Electronics Inc.
The new full-time employees will work at a factory in Clyde, Ohio, Whirlpool said Monday. The company also said the administration’s action will also result in new jobs in Kentucky, South Carolina and Tennessee.
Whirlpool has about 10,000 workers at five manufacturing plants, including about 1,000 at its Greenville facilities in Darke County.
Last year, Whirlpool cut the ribbon on a $17 million doubling in size of its Ohio Factory Distribution Center in Greenville, a site that supports shipments of KitchenAid small appliances.
“This is a victory for American workers and consumers alike,” Jeff Fettig, Whirlpool chief executive, said in a statement Monday. “By enforcing our existing trade laws, President Trump has ensured American workers will compete on a level playing field with their foreign counterparts, enabled new manufacturing jobs here in America and will usher in a new era of innovation for consumers everywhere.”
The administration also announced tariffs on imported solar cells and modules.
Jim Bustillo, owner of Miamisburg’s Star City Solar, which sells and installs solar cells and components, said the tariffs will likely make some of the products he sells more expensive. But’s he’s OK with that.
“We need to protect American jobs,” Bustillo said Tuesday.
The products he sells are a mix of American-made and imported products. But he said he assures customers that solar equipment pays for itself in time.
“Solar panels are not an expense,” Bustillo said. “They’re an investment.”
Published: Tuesday, January 23, 2018 @ 10:30 AM
Low-cost Icelandic airline WOW air is offering special flight deals from $99 to $149 for several international flights.
WOW air begins service from Cincinnati/Northern Kentucky International Airport in early May, and the airline is celebrating by offering special deals on one-way flights. The airline is offering $99 one-way flight sales from CVG to Iceland, and one-way flights for $149 to Amsterdam, Paris, Copenhagen, Dublin, Frankfurt, London and Berlin.
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Service from Cincinnati will be available four days per week. The offer is available for travel from September to October. WOW air will also start flights this spring in Detroit, St. Louis, Cleveland and Dallas.
“We’re excited to welcome WOW air to CVG to provide local travelers another international travel option,” said Candace McGraw, chief executive officer of CVG. “WOW air is one of the fastest growing, low-cost transatlantic carriers.”
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Bookings are available at www.wowair.us.
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Published: Tuesday, January 23, 2018 @ 12:07 PM
— An upcoming Dayton job fair is seeking employees to support local adults with developmental disabilities.
Montgomery County Board of Developmental Disabilities Services will sponsor a hiring event 10 a.m. to 1 p.m. Jan. 31 at Goodwill Easter Seals Miami Valley at 660 S. Main St.
Some of the positions include direct service and support positions and leadership positions in both home-based settings and adult day programs. Full- and part-time positions across a variety of shifts are available, and attendees may apply for openings during the event.
No prior experience working with people with developmental disabilities is required, but applicants must pass a background check. Employers will provide paid training for all new hires.