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
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 […]
Structural fabricator Dutchland Inc. is undergoing a change in ownership three years after the Lancaster County company landed in the arms of private equity. In late 2022, Dutchland was acquired by Lexington, Kentucky-based MiddleGround Capital and folded into Lindsay Precast, now based in Gainesville, Florida. MiddleGround has now agreed to sell both companies to investment firm TJC, formerly known as The Jordan Co. […]
After more than 40 years in business, the sibling co-founders of a Mount Joy packaging company decided to hand over the reins. Founded in 1983, Phoenix/Packaging has been acquired by Elkhart, Indiana-based Welch Packaging Group Inc. Welch was not the only buyer interested in Phoenix, according to John Davidson, a co-founder and vice president of marketing for Phoenix, […]
Spring Grove-based papermaker Pixelle Specialty Solutions LLC has found a buyer for an Ohio plant it closed over the summer. Pixelle has agreed to sell the plant in Chillicothe, Ohio, to U.S. Medical Glove Co., an Illinois-based company that makes medical gloves. In a news release, Pixelle said it expects $5.5 million in net proceeds from the sale […]
Mantec, a York-based nonprofit that assists manufacturers across Central Pennsylvania, is facing an uncertain financial future for the second time this year. The uncertainty stems from a slowdown in federal funding for its sister centers in other parts of the U.S., as well as the government shutdown this week, according to Mantec president and CEO […]