A local pasta sauce maker has purchased the manufacturing facility that helped him get started. Paul Guglielmo, founder and CEO of Guglielmo Sauce, has acquired the Genesee County firm of Permac Enterprises Inc. Financial details of the transaction, which was ...
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Xerox Holdings Corp. has bowed out of its plan to acquire HP Inc., the company said in a statement Tuesday. “The current global health crisis and resulting macroeconomic and market turmoil caused by COVID-19 have created an environment that is ...
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Xerox Holdings Corp. has temporarily suspended its hostile takeover attempt of rival printer giant HP Inc. in light of the COVID-19 global pandemic. Xerox on Friday said it would halt its planned presentations to HP shareholders, but stressed that the ...
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WorldWide Electric LLC has acquired Louis Allis, a specialty motor company based outside of Birmingham, Ala. Financial details of the acquisition were not disclosed. Worldwide Electric is a Rochester-based developer, importer and distributor of high performance industrial electric motors, gear ...
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A Genesee County school bus sales and fleet management services company has changed ownership. Mike Leonard has sold the family business, Leonard Bus Sales Inc., to his five sons Jon, Patrick, Ben, Dan and Chris. Jon Leonard, who purchased all ...
Tagged with: jon leonard leonard bus sales mike leonard succession
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Transcat Inc. has expanded its service and distribution business with the acquisition of TTE Laboratories Inc. Financial details of the transaction were not disclosed. The Boston-based supplier was founded in 1989 and provides a broad range of pipette services, from ...
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Sensory Technologies, headquartered in Indianapolis with an office in Rochester, announces the company has been acquired by Diversified, a global technology solutions provider. Sensory Technologies specializes in helping companies in the integration of audio and visual communication technology. This acquisition expands Diversified’s ...
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Locally owned PetSaver Healthy Pet Superstores are turning into franchises of the national brand Pet Supplies Plus over the next few months. The PetSaver store at 980 Ridge Road in Webster has already converted, reopening as a Pet Supplies Plus ...
Tagged with: Pet Supplies Plus PetSaver PetSaver Healthy Pet Superstores Russell Herman
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Doyle Security Systems Inc. has made its first acquisition of 2020. Syracuse-based Titan Security LLC has provided intrusion, fire, CCTV and access control systems to its customers for more than two decades. The acquisition will transfer accounts to Doyle Security’s ...
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In another round of unsolicited involvement, Xerox Holdings Corp. has offered up a slate of directors for HP Inc., a move the computer giant called “self-serving.” As part of its ongoing hostile takeover attempt, Xerox this week said it would ...
Tagged with: carl icahn hostile takeover hp john visentin xerox
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A 40-year-old Honeoye Falls resistor designer has been acquired by Exxelia, a Paris-based designer and manufacturer of passive components and subsystems for an undisclosed sum. Micropen Technologies Corp. was founded in 1982 and came out of a project from the ...
Tagged with: acquisition exxelia micropen ohmcraft
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Xerox Holdings Corp. on Monday said it had raised the $24 billion necessary for its proposed hostile takeover of HP Inc. The document company has received financial commitments from Citi, Mizuho and Bank of America. In November, Xerox officials reached ...
Tagged with: carl icahn fujifilm hp john visentin xerox
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Xerox Holdings Corp. has launched its hostile takeover bid of Hewlett Packard Inc., beginning with an investor presentation made available to HP shareholders on Monday. “There is a clear path to realizing increased value from your investment in HP—the proposed ...
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Hewlett Packard Inc. on Sunday shot back at Xerox Holdings Corp.’s Thursday letter threatening a hostile bid attempt by issuing its own strongly worded denunciation. “It is clear in your aggressive words and actions that Xerox is intent on forcing ...
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Days after revealing that activist investor and Xerox Holdings Corp. majority shareholder Carl Icahn had purchased $1.2 billion in Hewlett Packard Inc. stock—a sign that the 83-year-old investor wholeheartedly backed a merger between the two companies—HP announced it had rejected ...
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