The Cooper Cos. Inc., parent of local CooperVision Inc., this week posted improved first-quarter financials, beating Street estimates. For the first quarter ended Jan. 31, Cooper reported a 6 percent increase in revenue to $628.1 million. CooperVision revenue was up ...Read More »
Xerox Corp. plans to reorganize its corporate structure into a holding company, documents filed with the Securities and Exchange Commission Wednesday show. Following the restructuring, Xerox will become a direct, wholly-owned subsidiary of a new holding company. The purpose of ...
Tagged with: xeroxRead More »
LeRoy’s OrCon Industries Corp. has acquired AC Packaging for an undisclosed sum. The acquisition is expected to expand OrCon’s product and service offerings to include on-site crating. It is the company’s third plant, and first in Rochester. “This acquisition rounds ...Read More »
Amada Tool, a division of Amada America Inc., is planning an $8.8 million capital investment in the Genesee County city of Batavia that will add 17 jobs and retain 68. The company will receive up to $150,000 through Empire State ...Read More »
The U.S. manufacturing sector continued to expand in February, but at a slower pace than in several previous months. The monthly IHS Markit U.S. Manufacturing Purchasing Managers’ Index (PMI) shows a softer, but still solid, improvement in operating conditions across ...Read More »
Bausch Health Cos. Inc., the Canadian parent company of Bausch & Lomb Inc., will acquire certain assets of the bankrupted Synergy Pharmaceuticals Inc. for $195 million. A hearing to approve the sale is scheduled for March 1. “As we continue ...Read More »
All 129 employees at Alleson Athletic’s manufacturing operation will be laid off when the apparel plant in Henrietta closes this spring, according to a WARN posting on the New York State Department of Labor website. The worker adjustment and retaining ...Read More »
Two years ago, Gene Olczak’s tiny Karma Sauce company made way too much of his Extreme Karma hot sauce for a single customer’s order. Instead of a few boxes in his inventory, he had a few pallets available. It’s lucky ...Read More »
The chairman of the board of Eastman Kodak Co., Jim Continenza, has become executive chairman, a title merging the duties of board chairman and chief executive officer. The board announced Wednesday evening that Continenza will assume the duties held by ...Read More »
Shares of Bausch Health Cos. Inc., Bausch & Lomb Inc.’s Canadian parent company, were down more than 8 percent Wednesday after the health care product company reported a fourth-quarter loss of $344 million. For the quarter ended Dec. 31, Bausch ...Read More »
Hickey Freeman, the iconic Rochester men’s clothier, received an $8.2 million birthday present on Wednesday that company executives and government leaders say will ensure the firm’s long-term viability in a changing tailored clothing market. Luxury Men’s Apparel Group, the parent ...Read More »
Axis New England and Axis New York, which has its headquarters in Rochester, have been acquired by Motion Industries Inc. Financial details of the acquisition were not disclosed. Axis New York’s focus is on automation, including robotic and machine automation. ...Read More »
Manufacturing activity across New York grew modestly in February, the latest Empire State Manufacturing Survey shows. The headline general business conditions index moved up 5 points to 8.8, following a drop of eight points in January. Still, growth was at ...
Tagged with: empire state manufacturing surveyRead More »
Garlock Sealing Technologies LLC parent EnPro Industries Inc. this week reported a fourth-quarter increase in sales and earnings, beating Street estimates. For the quarter ended Dec. 31, EnPro posted revenue of $381.4 million, up from $362.5 million in the year-ago ...Read More »