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Troy manufacturer has a new owner

Published: Thursday, September 21, 2017 @ 10:13 AM

Investment firm Brixey & Meyer Capital has acquired 3 Sigma, a Troy manufacturer.
Investment firm Brixey & Meyer Capital has acquired 3 Sigma, a Troy manufacturer.

Investment firm Brixey & Meyer Capital has acquired 3 Sigma, a Troy manufacturer.

With 80 employees, 3 Sigma Corp. has been a specialty provider of adhesive coated materials to manufacturers around the world, Brixey & Meyer said in a release this week.

Tony Rowley will remain as president of 3 Sigma, the acquiring company said.

RELATEDBudde family has been a manufacturing presence in Dayton for nearly 100 years

“3 Sigma utilizes its deep application experience and expertise in the chemistry of adhesive technology to serve the automotive, food, consumer products, medical and marketing industries,” the investment firm said in its statement. “3 Sigma’s technologies can be found in coated materials used applications such as press and seal consumer packaging, security labels, construction tapes, brake pads and many other highly engineered applications.”

“When evaluating a buyer and future partner for the company, we searched for a group that was more than just a financial partner,” Rowley said in the same statement. “We felt like we achieved just that by partnering with Brixey & Meyer Capital. What set them apart was their focus on people, their investment philosophy, and the resources they are able to bring to bear to achieve our aggressive growth goals.”

Founded in 1980, 3 Sigma was acquired from the Judith Beck family. Brady Ware Capital acted as the exclusive financial advisor to the Beck family in connection with the sale of the company.

The Troy company is the third acquisition of BMC’s first fund, the BMC Growth Fund, LLC. The BMC Growth Fund, LLC is an $18 million fund which invests in lower middle market companies generating $1 million to $4 million of cash.

Brixey & Meyer Capital is a private equity investment firm with offices in Dayton, Cincinnati and Columbus.

Amazon plans new warehouse near airport

Published: Tuesday, October 17, 2017 @ 11:43 AM
Updated: Tuesday, October 17, 2017 @ 3:01 PM


            FILE
FILE

Amazon is continuing to expand its footprint in the region with plans for an additional location near the Cincinnati/Northern Kentucky International Airport.

The e-commerce giant, which has been rapidly expanding its footprint around Ohio and across the country, confirmed today it leased a 264,000-square-foot building building in Hebron at the LogistiCenter industrial park,

“The facility will be used to support our customer fulfillment operations in the area,” an Amazon spokeswoman said.

Amazon signed a lease on Sept. 17 for the 264,000-square-foot building in Hebron at the LogistiCenter industrial park, according to a new Colliers International real estate research report.

RELATED: How Monroe landed Amazon’s next fulfillment center

Loren DeFilippo, Ohio director of research with Colliers, said Amazon has been expanding through new giant 1-million-square-foot fulfillment centers but also with a host of smaller types of buildings like the new Hebron lease as it fills out its network and gets closer to consumers front doors.

“I wouldn’t say it’s a small deal for them, but it’s a different function,” DeFilippo said.

Amazon is also shopping around the country for hundreds of much smaller spaces to lease — maybe 10,000 square feet — and has been looking at options around the Cincinnati area for these smaller spaces, he said.

RELATED: Amazon filling thousands of Ohio holiday jobs

DeFilippo said Amazon is trying to control the “last mile,” the industry phrase for the last leg of delivery. As e-commerce companies like Amazon grow, they have been racing to control the entire delivery process in order to be faster, more reliable, and more efficient. This means a large network of small locations to speed the delivery process to people’s homes.

RELATED: Dayton, Cincy team up to lure Amazon’s $5-billion headquarters

The apparent new lease in Hebron is in addition to the more than $1 billion Prime Air hub Amazon is working on by the Cincinnati airport.

Amazon is also planning a giant fulfillment center in Monroe. With the aid of hefty tax credits, the company plans to create more than 1,000 full-time jobs at a 1-million-square-foot warehouse in the Warren County portion of Monroe.

Area firms hiring customer service reps at upcoming job fair

Published: Wednesday, October 18, 2017 @ 8:40 AM


            FILE
FILE

Some of the region’s largest employers are hiring at an upcoming job fair in Dayton.

CareSource, based in Dayton; Assurant, with a Springfield location; Spectrum, which has a Kettering center; Synchrony Financial, also with a Kettering location; and Teleperformance, with a Fairborn call center, are among firms hiring for customer service positions at the event.

RELATED: JCPenney to hire 1,600 Ohio workers for holiday jobs on the spot

The hiring event is 10 a.m. to 1 p.m. Friday at the Life Enrichment Center, 425 N. Findlay St., Dayton.

Questions? Call 1-844-543-7378.

Fuyao labor relations board hearing set for possible UAW vote

Published: Tuesday, October 17, 2017 @ 10:05 AM
Updated: Tuesday, October 17, 2017 @ 10:19 AM

Nearly all seats in the United Auto Workers 696 union hall were filled for a UAW rally in April. THOMAS GNAU/STAFF
Nearly all seats in the United Auto Workers 696 union hall were filled for a UAW rally in April. THOMAS GNAU/STAFF

The National Labor Relations Board’s Cincinnati office is starting the process of looking at whether to schedule a vote for about 1,500 Fuyao Glass America workers on whether to join the United Auto Workers (UAW).

The union isn’t saying how many signatures of Fuyao workers petitioning for a union representation election have been sent to the NLRB.

Matthew Denholm, assistant director for the NLRB Cincinnati office, said Tuesday morning no election is scheduled yet.

RELATEDFuyao Glass leaders skeptical of union support

But he said “union cards” from the UAW have been received, and the NLRB now must review them to make sure they’re “current” and that cards are signed.

A hearing on the matter is scheduled for 9 a.m. Oct. 25 at the NLRB Cincinnati office, at the 550 Main St. federal building.

RELATEDWorld watches as Fuyao pursues historic U.S. investment in Dayton area

But if the union and the company reach agreement on crucial details, that hearing may be cancelled, Denholm cautioned..

Denholm said that before hearings, unions and companies sometimes reach “a stipulated election agreement.” He did not know if that will happen in the case of Fuyao. But he said the sides will try to come to an agreement on the time and place of an election and who exactly will be represented in a new bargaining unit, among other details.

Denholm added that the NLRB assumes that the signatures it has received from the UAW are from workers at the plant. But he said that if Fuyao leaders want the office to check them, the company can make a payroll list available.

UAW leaders said Tuesday they are confident an NLRB-sanctioned election will happen.

“We have workers in that plant who truly need our help,” said Rich Rankin, director of the UAW region that includes the plant in Moraine.

Fuyao leaders, however, say they want to maintain a direct relationship with workers.

“Fuyao believes that maintaining this direct relationship is in the best interest of our associates, customers, business partners, the state of Ohio, and the Dayton community in which we operate,” the company said in a statement Tuesday.

RELATEDFuyao workers seek union election: What we know now

About 1,500 hourly workers are at the Fuyao auto glass plant in Moraine. And “they’re not being paid a living wage right now,” Rankin said in a phone call from Detroit Tuesday.

No one in a UAW conference call would discuss how many worker signatures have been submitted to the NLRB. Federal law requires a 30-percent threshold — signatures from 30 percent of a workplace’s eligible workforce — to schedule a representation election, and Rankin said “it’s safe to assume” the UAW’s number of signatures exceeds that.

RELATEDGrowing pains at Fuyao plant as employees consider union

“It is our policy not to discuss the total number of signatures as they come in,” said UAW spokesman Brian Rothenberg. “But this committee feels strong enough that they filed.”

Theodore Searcy, a Fuyao worker for about 18 months, said workers at the plant off Stroop Road are “really looking forward to a time to vote.”

“This has been going on for too long,” he said.

He said employees who have to take time off from work to care for sick children or family emergencies are punished.

“They’re firing too many good workers with no excuse,” Searcy said. “Their point system is terrible, especially if anybody has any kids. It seems like Fuyao has not set us up to win, but more or less set us up to fail.”

“In the workplace, that should never be an issue,” he added. “Family should be first.”

In response, Fuyao’s general counsel said he’s not aware of any employer who doesn’t require regular prompt attendance at work.

“I’ll stack our attendance policy against any manufacturer in town,” said Fuyao’s Micah Siegel. “It’s strict perhaps, (but) I think it’s administered fairly.”

“This is a plant that … has come to Ohio with great public investment,” Rothenberg said. “There has been a lot said how about the workers have been adjusting. There has been a lot of turnover at the plant. There have been a lot of safety issues at the plant.”

He faulted “constantly changing roles and policies at the plant,” among other problems.

The company says its approach is only starting to bear fruit.

“We became profitable only months ago,” said Tim Reynolds, Fuyao’s vice president, OEM operations. “This achievement has not been because of a third party like the UAW. It has been the result of teamwork — our folks coming together, learning how to design, make, and ship good glass and driving improvements in safety and efficiency.”

Local dialysis centers open in former retail spaces

Published: Wednesday, October 18, 2017 @ 6:00 AM


            DaVita has opened a new dialysis center at 2808 Germantown St., Dayton. CONTRIBUTED
DaVita has opened a new dialysis center at 2808 Germantown St., Dayton. CONTRIBUTED

DaVita is expanding in the Dayton area with more than $2 million invested in opening two new dialysis centers.

The publicly traded company, based in Denver, opened new centers this month in Trotwood and Dayton.

There will be 15 people working at the Trotwood location at 5680 Salem Bend Drive and 28 employees at the Dayton location at 2808 Germantown St.

Both dialysis centers are in vacant retail buildings that were renovated into medical centers.

RELATED: New Dayton-area dialysis center opens

After a $1.1 million renovation, the Trotwood dialysis center opened in a former Bob Evans.

The Dayton center opened in a former Family Dollar, which was also a $1.1 million renovation, according to a building permit.

RELATED: Hospice of Dayton and Premier Health partner on $10M PureHealthcare Center

The Trotwood location will treat about 48 patients and the Dayton location will serve nearly 100 patients, according to a company spokesman.

These centers join about 16 other DaVita locations in the area taking patients with chronic kidney failure.

As of June, DaVita operated or provided administrative services at 2,445 outpatient dialysis centers in the U.S. for about 194,600 patients.