Spring Grove-based papermaker Pixelle Specialty Solutions missed an interest payment on its debt due April 30, triggering a ratings downgrade from S&P Global. However, lenders are giving the company more time so it can close on the sale of a plant in Wisconsin and use the proceeds to make the interest payment and pay down debt. […]
Kenneth Lower has been hired as CFO of Investment Real Estate Group of Companies, the York-based business that operates Moove In Self Storage facilities. The former banker succeeds Jack Fritsche, who became the company’s COO in January. Lower brings more than 20 years of experience in banking and private equity, most recently at UMB Financial. He launched a […]
Jeannine Cimino has been named a regional president in central and southern New Jersey for Mid Penn Bank, the chief banking subsidiary of Harrisburg-based Mid Penn Bancorp. Cimino was previously chief retail officer at Bucks County-based William Penn Bank, which Mid Penn acquired at the end of April. Cimino, who has more than 30 years of banking experience, […]
Gratz Borough will not be getting another day in court for its long-running case against a proposed solar project – at least not in Commonwealth Court. In a short note last week, the appeals court said it would not reconsider arguments in a zoning-related dispute over the project. The decision is the latest legal setback […]
Cleveland Brothers, a regional construction equipment dealership based in Murrysville, acquired BCI Rentals, an equipment rental business in Hollidaysburg. Terms of the transaction were not disclosed. BCI is being folded into Cleveland Brothers subsidiary One Call Rentals, a network of Cat rental stores that Cleveland Brothers acquired in 2005. Cleveland Brothers and One Call have 30 branches […]
York County commissioners appointed Kevin Feil to the board of the York County Industrial Development Authority. Feil is vice president of operations at York College, where he plays a role in shaping campus operations and capital projects. “Kevin brings a thoughtful, mission-driven perspective to every initiative he leads,” college president Thomas Burns said in a […]
Manufacturer Breeo is eyeing an expansion at its site in Salisbury Township, Lancaster County, where it assembles smokeless fire pits, products poised for a bump in sales thanks to the impact of tariffs on foreign-made competitors. “We’re still working through our plans, so it’s not set in stone yet,” said Breeo’s CEO and majority owner, Amos Stoltzfus. […]
Joelle Pacheco has been hired as a marketing coordinator for Investment Real Estate Group of Companies, a York-based company that operates Moove In Self Storage facilities. Pacheco will spearhead social media campaigns, along with creative content, to support the company goal of expanding to more than 100 facilities. “Joelle’s creative excellence and deadline-driven mindset embody […]
Megan Tomsheck has been named president and CEO of VisionCorps, a Lancaster-based nonprofit that provides services for people with vision loss, effective Oct. 1. Tomsheck, the organization’s chief development officer, is succeeding Dennis Steiner, who is scheduled to retire Oct. 31. Tomsheck has worked for the agency since 2007, starting in marketing and development. She solicited […]
State lawmakers are taking another run at creating a state-backed retirement program for private-sector workers. Similar legislation cleared the Democratic-controlled House in 2023 but failed to move in the GOP-led Senate. The House is once again on the cusp of passing the legislation following its approval on Tuesday in a party-line vote by the House Commerce […]
Martin Foot and Ankle, a podiatry practice with offices in York and Lancaster counties, has been acquired by regional health system WellSpan Health. Terms of the deal were not disclosed but Martin is expected to begin operating under the WellSpan name this summer. The practice employs a team of 14 podiatrists and dozens of other staff […]
Officials in Cumberland County cleared a major hurdle yesterday in their efforts to redevelop a former factory at the edge of Carlisle. They were awarded more than $10.2 million from a state program designed to prepare former industrial sites for reuse. “We’re super excited,” said Andrew Notarfrancesco, chair of the Real Estate Collaborative, a subsidiary of […]
Curt Myers, the chairman and CEO of Lancaster-based Fulton Financial, has been named to the board of the Federal Reserve Bank of Philadelphia. Effective April 15, Myers is a class A director, meaning he is one of three board members representing the banking industry. Other members of the nine-person board represent the public. Myers succeeds Chris […]
Veronica Morrison has been hired by law firm McNees Wallace & Nurick. Morrison will work out of the firm’s Harrisburg office and is joining its construction and procurement group. She previously was a shareholder at Stevens & Lee, focusing on construction and real estate litigation. Morrison advises clients on all project phases, from preconstruction planning […]
Rite Aid said yesterday it is filing for Chapter 11 bankruptcy for the second time in two years. While the pharmacy chain emerged as a smaller, leaner company after its last trip through bankruptcy court, it is bracing this time for a sale. “While we have continued to face financial challenges, intensified by the rapidly evolving […]
Pennsylvania’s economy has been shaken by the rise of manufacturing in China and a shift in the U.S. population to the South and Southwest. But there are still levers the state can pull to boost its fortunes, and that’s where the focus is for Luke Bernstein, president and CEO of the Pennsylvania Chamber of Business […]
One of the capital region’s oldest and largest factories will be closing indefinitely this summer due to weak demand for its products, which include steel rails for trains, cranes and trolleys. Ohio-based steelmaker Cleveland-Cliffs said Friday it plans by June 30 to wind down production at its plant in Steelton, along with plants in Conshohocken and Riverdale, […]
WellSpan Health and Inch & Co. reached a settlement in a lawsuit filed last week by WellSpan over a proposed sports complex on which they have been partnering, according to a WellSpan spokesperson and an Inch & Co. executive. The settlement includes transferring ownership of the sports complex site to WellSpan, according to health system spokesperson Ryan Coyle. […]