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Author: Joel Berg

Food

Utz returning to private hands

Over the last six years, Utz Brands has shed factories, streamlined production and expanded into new markets. The moves, however, failed to impress investors.  Utz stock soared to nearly $30 per share in the year after it went public in August 2020. But shares fell just as quickly and never regained their upward momentum. Nearly six years […]

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Bizleadspa

Flagger Force

Josh Sargent has been named COO of Flagger Force. He is expected to help the Hummelstown-based company strengthen operational consistency, support field employees and enhance the client experience. The COO duties were previously handled by Flagger Force president and CEO Mike Doner, according to a company spokesperson. Sargent has nearly three decades of leadership experience […]

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Manufacturing

Defense contractor with ‘storied history’ in Lancaster sold 

A Lancaster defense business with its origins in World War II is under new ownership. The business is Ampwave Defense, formerly known as Photonis Defense.  The business was spun out last year by its former parent company, Exosens, a French defense contractor formerly known as Photonis Group.  Ampwave’s new ownership is affiliated with a Los Angeles-based family investment firm […]

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Bizleadspa

Benchmark, JV partner buy Lehigh Valley building

A joint venture between Lancaster-based Benchmark Real Estate and New York-based Regal Ventures acquired an Easton-area industrial building occupied by an expanding manufacturer of ergonomic workspace products for offices, stores and other commercial environments. The purchase price for the roughly 85,000-square-foot building at 100 Kuebler Road in Forks Township, Northampton County, was $7 million, according to deed records. […]

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Real Estate

Specialty distributor sells Elizabethtown-area warehouse after downsizing

Palmyra-based specialty distributor DAS Companies Inc. has sold an Elizabethtown-area warehouse where it laid off workers at the end of 2024.  A real estate partnership linked to Chicago-based investment firm Industrial Outdoor Ventures paid $15.1 million for the 86,000-square-foot warehouse on a 17.5-acre tract at 48 Industrial Road in West Donegal Township, Lancaster County, according to county deed records. […]

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Government

Millions in state grants land on local projects

After a hiatus of about 20 months, Pennsylvania is back in the RACP business. That would be the Redevelopment Assistance Capital Program, a grant initiative that regularly hands money to high-profile community and economic development projects around the state. State officials disclosed the latest round of grants yesterday. The last RACP announcements came in November 2024. […]

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Construction

Harrisburg greenlights residential rehab project

Harrisburg city council this week unanimously approved acompany’s plans to convert a long-vacant building at 100 N. 13th St. into 12 apartments in a renovation project valued at $900,000, according to city records.  Erected in 1922, the roughly 11,580-square-foot building is a former publishing company office that has been vacant for decades, according to Jarred […]

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Bizleadspa

Housing nonprofit buys 51-unit complex in Lancaster County

HDC MidAtlantic, a nonprofit housing developer based in Lancaster, paid nearly $3.9 million for Nathan Village in a bid to preserve the affordable housing status of the 51-unit senior apartment community in Upper Leacock Township, Lancaster County. The affordable rental complex at 47 Laura Lee Blvd. was previously owned by a partnership called N.L. Associates, according […]

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Manufacturing

Defense contractor builds on York-area footprint

A defense contractor with two plants in the York area has added a third. San Diego-based Kratos Defense & Security Solutions said yesterday it opened a 167,000-square-foot factory on the former York International campus at 631 S. Richland Ave. in Spring Garden Township. Kratos did not disclose its total investment in the plant, which will support the company’s […]

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