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

Corrosion Products & Equipment Inc. has acquired a Canadian distribution company located in Truro, Nova Scotia, for an undisclosed amount. Flowstar Industrial Inc., a leading distribution company, is similar in scope to CPE, officials said. The similarities between the two ...

Tagged with: acquisitions corrosion products & equipment

Graham Corp. on Thursday reported a drop in fourth-quarter revenue and earnings. For the fourth quarter ended March 31, the Batavia manufacturer posted revenue of $22.2 million, down from $25.6 million in the same quarter last year. Net income for ...

Tagged with: Earnings graham

Harris Corp. has been awarded a five-year, up to $130 million contract to develop and deliver radios for the U.S. Air Force. The indefinite delivery/indefinite quantity contract is for Hand Held Video Data Link (HH-VDL) radios that will significantly increase ...

Tagged with: air force harris corp.

Transcat Inc. has reported record fourth quarter and full year revenue, beating Street estimates. For the fourth quarter ended March 31, Transcat reported revenue of $42.5 million, up from $38.5 million in the same quarter a year ago. Service segment ...

Tagged with: Earnings transcat

Business activity across New York showed strong growth in May, according to firms responding to the Federal Reserve Bank of New York’s May Empire State Manufacturing Survey. The general business conditions index climbed four points to 20.1, indicating a faster ...

Tagged with: empire state manufacturing survey federal reserve bank of New York

Wegmans executive Bill Strassburg likes to think of food and agriculture as the tortoise in the familiar hare and tortoise analogy. “It’s something that is consistent, and it consistently grows a little bit each year. It’s not a big jump ...

Tagged with: Bill Strassburg Center of Excellence Cornell Agritech Cornell University food and agriculture Jan Nyrop Kreher Family Farms Michael Nozzolio wegmans

As part of an agreement with major shareholders Darwin Deason and Carl Icahn, Xerox Corp. on Wednesday announced that John Visentin has been named chief executive. Visentin also was elected vice chairman of the company’s board of directors, while Keith ...

Tagged with: carl icahn darwin deason Jeff Jacobson visentin xerox

Three Rochester manufacturing projects have been awarded a total of more than $120,000 from FuzeHub’s Innovation Fund. Rochester Institute of Technology’s Center of Excellence in Advanced and Sustainable Manufacturing (COE-ASM) and Enetics Inc. have been awarded $21,685. RIT and Enetics ...

Tagged with: fuzehub

Nypro Inc., a Jabil Inc. company, will complete the phase-out of dozens of former Ortho-Clinical Diagnostics jobs here by Nov. 1, a state Worker Adjustment and Retraining Notification filed last week shows. Some 53 jobs will be affected by the ...

Tagged with: Kodak nypro ortho-clinical warn notice

IEC Electronics Corp. on Wednesday reported a 49 percent increase in revenues for the second quarter and a 21-cent rise in per-share earnings, beating Street estimates. For the second quarter ended March 30, the Newark, Wayne County, electronic contract manufacturing ...

Tagged with: Earnings iec

Eastman Kodak Co. on Wednesday reported a $25 million net loss in the first quarter, as well as a decrease in assets. For the quarter ended March 31, Kodak reported revenues of $357 million, unchanged from the first quarter last ...

Tagged with: Earnings eastman kodak

Quality Vision International broke ground this week on a new manufacturing facility, the final phase of a five-year plan to expand the company’s headquarters on Hudson Avenue by 37,000 square feet. QVI is a Rochester-based manufacturer of precision optical measurement ...

Tagged with: economic development QVI

ON Semiconductor Corp. on Wednesday officially opened its $6.6 million expansion at Eastman Business Park, a move that is expected to create 34 new jobs at the facility over the next two years. The expanded test and assembly operation has ...

Tagged with: EBP ESD finger lakes forward gre greater rochester chamber of commerce ON Semiconductor

Ambrell Corp. parent company, inTEST Corp., has posted first quarter revenue and earnings increases, beating Street estimates. The Mt. Laurel, N.J.-based public company—which designs and manufactures engineered solutions for automated test equipment and other electronic test and industrial process applications—posted ...

Tagged with: ambrell Earnings inTEST

Garlock Sealing Technologies LLC parent EnPro Industries Inc. last week reported a 9 percent increase in first quarter sales and a nearly 12 percent jump in earnings, beating Street estimates. For the quarter ended March 31, EnPro reported consolidated net ...

Tagged with: Earnings enpro garlock