Building products manufacturer Armstrong World Industries Inc. said yesterday that it acquired a Chicago-based company called Eventscape Inc., which specializes in designing, making and installing complex
Executives at Cleveland-Cliffs said this week they have buyers for some of their idled plants, a group of assets that includes a massive factory in Steelton. On a conference call with stock analysts, company execs said they expect to generate $425 million from selling the idle plants — and that the Ohio-based steelmaker already closed on one deal […]
When Brian Greenplate acquired Precision Cut Industries Inc. in 2004 the company had 25 employees and annual revenue of about $3 million Yearly sales for the contract metal fabricator have grown to about $50 million, and they are expected to jump again this year thanks to demand from customers in energy, commercial construction and data centers, […]
A federal bankruptcy judge signed off last week on the bankruptcy sale of SpiriTrust Lutheran, a York-based nonprofit that operates senior living communities and apartments in three counties. Under the deal approved in court, Butler County-based Concordia Lutheran Ministries is paying $51 million for SpiriTrust assets and assuming roughly $7 million in debt tied to three affordable apartment […]
After leading Armstrong World Industries Inc. for nearly a decade, president and CEO Vic Grizzle is moving into a new role as a precursor to his eventual retirement. Effective April 1, Grizzle is slated to become executive chair of the building products manufacturer based in Manor Township, Lancaster County. He is being succeeded as president and […]
Building products manufacturer Armstrong World Industries Inc. is continuing a buying spree that began nearly a decade ago. The company, based in Manor Township, Lancaster County, said this week it purchased Parallel Architectural Products, its 14th acquisition since 2016. Based in Englewood, Colorado, Parallel employs about 25 people and makes extruded aluminum products used on building exteriors. An Armstrong […]
Lancaster County boiler maker Burnham Holdings Inc. has shaken off its liability for asbestos claims through what is an increasingly common type of transaction. Under the deal, Burnham sold subsidiaries housing the liabilities to affiliates of a firm that specializes in managing them, a Florida-based firm called Financial Asset Recovery Analytics LLC. The transaction will have no […]
Ritner Steel, a steel fabricator based in Middlesex Township, Cumberland County, has been acquired by Cranbrook Partners & Co., a Troy, Michigan-based investment firm that aims to grow the companies in its portfolio. Terms of the transaction were not disclosed. Cranbrook executives did not reply to emailed questions about the deal, which closed on Dec. 8. […]
One of the region’s oldest hat factories is closing, and a second could follow. The family owners of F&M Hat Company Inc. in Denver, Lancaster County, have been winding down the 113-year-old business over the last year, according to fourth-generation co-owner and president Ash Fichthorn. He called the decision “bittersweet.” But, he added, “We’re at peace […]
When Brian Carson moved on this year from Lancaster County-based flooring manufacturer AHF Products, a press release described his six-year tenure as “highly successful.” The former CEO’s departure is proving highly litigious. Carson, AHF Products, the company’s current private equity owners and its former owner are embroiled in a series of lawsuits filed in the wake […]