Rochester Business Journal Leading source of business news and information in Rochester, N.Y.

Following its announcement of a merger agreement with Fujifilm Holdings Corp., Xerox Corp. on Wednesday reported a fourth-quarter earnings drop and roughly flat sales. For the quarter ended Dec. 31, Xerox reported revenue of $2.75 billion, compared with $2.73 billion ...

Tagged with: Earnings fuji xerox fujifilm xerox

Xerox Corp., long a regional icon and one-third of Rochester’s one-time Big Three employers, settled rumors on Wednesday by announcing that the document company has agreed to merge with longstanding partner Fujifilm Holdings Corp. The $6.1 billion deal will give ...

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Transcat Inc. on Tuesday reported record revenues for the third quarter and a 44 percent increase in net income. For the quarter ended Dec. 23, Transcat reported service revenue of $18.8 million and distribution sales of $21.7 million, for total ...

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Harris Corp. plans to contribute an additional $300 million to its employee pension fund as a result of the passage of the federal tax reform bill. In addition, each of the company’s 17,000 non-executive employees—including the roughly 3,400 employed in ...

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More than 300 union workers at the Kraft Heinz Co. facility in Avon, Livingston County, can expect annual wage increases and an enhanced medical plan following the signing of a new three-year agreement between the manufacturer and Teamsters Local 118. ...

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Xerox Corp. plans to relocate the remainder of its Xerox Square staff to the Webster campus over the next few months, officials said Friday. Xerox has negotiated an early termination of its lease for the downtown Rochester facility and will ...

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Ownership of a 70-year-old, west-side manufacturer has changed hands. Jeffrey Skuse is the third-generation owner of Marshall Boxes Inc., a Lexington Avenue company that designs and builds crating and pallets for heavy machinery, as well as small machine parts. Skuse, ...

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Corrosion Products & Equipment Inc. founder Rob Tortorella will step down as CEO and transition to executive chairman, company officials said this week. CPE has tapped a 29-year veteran of the distribution and manufacturing industries to serve as the company’s ...

Tagged with: corrosion products & equipment

Love Beets USA LLC plans to add 100 middle-skill and high-tech jobs over the next two years, allowing the company to maximize its crop output and source 100 percent of its products from U.S. growers, company officials said this week. ...

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When Andy Moles began pursuit of his MBA at the University of Rochester’s Simon Business School, he wanted to prepare himself to run his own company someday. But the opportunity to be his own boss came sooner than expected, and ...

Corning Inc. Foundation has awarded a grant of $750,000 to Monroe Community College’s optics program, aiming to boost the number of graduates who are ready to take on jobs in the optics industry. The grant will provide a new optics laboratory and ...

Tagged with: Anne M. Kress Corning Incorporated Foundation Karen C. Martin Monroe Community College optics

O-AT-KA Milk Products Cooperative plans to build a 20,000-square-foot expansion onto its production facility in the city of Batavia. A state grant of $750,000 was announced Wednesday, Jan. 10, for the $34.5 million project, which also includes incentives from the ...

Tagged with: Anne Kress batavia Bob Duffy Michael Fuchs O-AT-Ka

Monroe Community College graduates 60 welding students a year, but that’s still not enough to fill the demand from local companies. And that’s not a unique situation. In the 2014-15 school year, 565 people graduated from a variety of advanced manufacturing programs at MCC and from other regional colleges, yet those graduates met just 63.1 percent of the demand for people with those skills. So says “Measuring Middle-Skill Occupational Gaps Within the Western New York Regional Economy,” a September 2017 report compiled by a team of MCC and state and regional economic development programs.

Tagged with: Bob Duffy community colleges Melissa Mack Reid Smalley Todd Oldham workforce development

Batavia’s Hodgins Engraving has acquired Impact Printing and Engraving for an undisclosed sum. Based in northern New Jersey, Impact Printing is a fourth generation company that provides high-quality engraving, letterpress, foil stamping, thermography and offset printed products. The company employed ...

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Solid Surfaces Inc. changed owners in January and is now changing names. A provider of custom countertops from its location at 1 Townline Circle in Brighton, the company as of Thursday will be known as Premier Surfaces. Gregg Sadwick, president ...