From Business Today:
Plans for an ethanol fuel plant on the Buffalo River have been scrapped. RiverWright Energy LLC had planned to convert the former ConAgra milling facility on the waterfront into an ethanol processing plant and had purchased four adjoining grain elevators to store corn.
It decided to abandon the project after support and demand for ethanol petered out.
A Depew eye-care device company has been acquired for $150 million. Reichert Technologies, which makes diagnostic equipment for eye doctors, was acquired by Ametek Inc. of Brewyn, Pa. from Chicago-based private equity firm Beecken Petty O'Keefe & Co.
The company has about 130 local employees and estimated sales of $55 million.
The United Auto Workers' contract with Ford Motor Co. seems headed for ratification. Members of the local 897 at the Buffalo Stamping Plant voted overwhelmingly in favor of it during ballotting in Hamburg Sunday. UAW members across the nation are expected to finish voting today.
The Clarence Chamber of Commerce will host a Women in Business conference Wednesday. About 200 people are expected to attend "Achieving Peak Performance" with keynote speaker Freddi Donner, president and owner of Virginia-based Business Stamina. There will also be workshops and a panel discussion on "Secrets of Successful Women."
A Buffalo advertising and marketing agency will get $139,000 in tax breaks to renovate a vacant Wendy's restaurant into new offices. The Martin Group was granted the funds by the Erie County Industrial Development Agency. The planned $847,000 project will add a second floor to the building at 477 Main Street.
A Batavia Lowe's home improvement store will get the ax as the company sweeps through the nation closing 20 underperforming locations. The Batavia store, which opened just three years ago, will close within a month. Its 91 employees will receive pay and benefits for 60 to 90 days.
Who is getting hired, promoted and honored?
More words to live by, courtesy of Dwight Schrute:
taggedAuto Industry | Energy | Health Care | Retail