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Published: Tuesday, January 16, 2018 @ 8:21 AM
— A Michigan auto supplier has acquired Trenton’s Magnode.
Shape Corp. said it has reached terms to buy the Butler County aluminum extruder, Magnode. Those terms were not identified in an announcement.
“The deal comes after a successful business relationship between that two companies that included collaboration on engineering projects, as well as shared research and development around light-weighting best practices,” Sharpe said in a release Monday.
Shape said it was drawn by Magnode’s more than 70 years years of aluminum extrusion experience. Magnode will operate as a division of Shape.
Grand Haven, Mich.-based Shape focuses on energy management systems and body structures. “The Magnode purchase expands Shape’s lightweight product and process portfolio beyond ultra-high strength steel roll forming, thermoplastic injection molding and composite pultrusion,” the company said in its release.
“Magnode is the perfect addition to Shape,” Shape President Mark White said in the statement. “Our company cultures align extremely well, we both have a passion for innovation, engineering and customer service.”
“This acquisition allows Magnode to dream freely again, while imagining what we can become as we integrate into a larger world model,” Martin Bidwell, Magnode president and chief executive, said in the same statement. “I am very excited that the Magnode brand will continue for many years after I am gone. This magnificent company will forge on, breaking the boundaries that we personally could only dream about.”
Sharpe said a team composed of employees from both businesses will work on continuing “normal operations” under current leadership.
The acquisition will close in early March after all transaction terms are complete, the Michigan company said.
In September, Magnode told this news outlet that it was building a new commercial site at 400 E. State St., valued at $926,380, according to permits filed this summer with the county.
Published: Monday, February 19, 2018 @ 1:46 PM
— A developer in Huber Heights has spent more than $600,000 on more land off Chambersburg Road in the Lexington Place neighborhood area.
Lexington Developers Inc. spent $604,000 to buy about three acres across more than 10 parcels near River Downs Court and Pimlico Place south of Chambersburg, west of Old Troy Pike.
For 13 parcels, Montgomery County property records identify the seller as Lexington Developers Inc. and the buyer as Lexington Place Project I LLC. State of Ohio incorporation paper for Lexington Place Project were filed by a Dayton attorney.
The planned residential community began development in 2000.
“It’s been a quality development for the city,” Scott Falkowski, Huber Heights assistant city manager, told the Dayton Daily News in 2013, as the development was preparing to add homes at the time. “It’s good to see that they’re continuing to build houses and moving forward. It’s a good sign that the market is turning.”
Published: Monday, February 19, 2018 @ 10:48 AM
— Two new urgent care centers will open later this month south of Dayton.
Premier Health, which operates a network of hospitals and doctors offices, is planning to open the 752 N. Main St., Springboro, and 8 Prestige Plaza, Miamisburg, urgent cares on Feb. 26.
The centers are part of a series of urgent cares that Premier will open in 2018.
The Miamisburg center will have an open house 4 p.m. to 7 p.m. Friday and the Springboro center next to Dorothy Lane Market will have an open house 10 a.m. to 1 p.m. Saturday.
Published: Monday, February 19, 2018 @ 1:43 PM
Bass Pro Shops is offering buyouts to Cabela’s employees at its former headquarters in Sidney, Nebraska.
Employees have until March 1 to accept an offer from Bass Pro that would let them leave on their own accord and receive bonuses of up to $40,000, The World-Herald reported. This comes after Bass Pro Shops purchases Cabela’s for $4 billion last year.
» CONTINUED COVERAGE: 7 questions answered about Bass Pro Shops, Cabela’s merger
The offer for employees includes two weeks of pay per year of employment at the company and a considerable bonus, according to The World-Herald.
The headquarters for both companies will be in Springfield, Missouri.
Both Bass Pro and Cabela’s have a big presence in this region. Cabela’s has a 70,000-square-foot store at 5500 Cornerstone North Blvd., in the Cornerstone at Centerville development off exit 7 of Interstate 675 near Wilmington Pike, and a location in West Chester Twp. The stores employ about 130 employees.
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Published: Monday, February 19, 2018 @ 12:39 PM
HAMILTON — The Greater Hamilton Chamber of Commerce’s EPIC program for young professionals will have an informal happy hour and networking event 6 p.m. Wednesday.
Not only will the event help connect young professionals with each other, but it also will provide an opportunity to visit the newly opened Quarter Barrel microbrewery at the corner of B and Main Streets.
EPIC stands for Engaging Professionals Inspiring Change.
“It’s networking, it’s a chance for young professionals to get to know each other,” said Dan Bates of the chamber. “They have also been talking about things they might do to take on as a project in the future, as a group.”
The event will run from 6-8 p.m.
“But it’s largely a networking event where it’s low-key, they can enjoy each other’s company and learn how to build relationships,” Bates said.