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Greater Binghamton Chamber honors five for business and community leadership
BINGHAMTON, N.Y. — The Greater Binghamton Chamber of Commerce held its 58th annual dinner last Thursday, May 12 at the DoubleTree by Hilton Binghamton and
South Korean firm to buy Bristol Myers Squibb manufacturing facility in DeWitt
DeWITT, N.Y. — Bristol Myers Squibb Co. (NYSE: BMY) and LOTTE Corporation of Seoul, South Korea on Friday announced that LOTTE has agreed to purchase
Buffalo private-equity firm acquires ICM Controls
CICERO, N.Y. — ICM Controls, Inc. of Cicero and its affiliates are now under the ownership of Lorraine Capital, LLC, a Buffalo–based private-equity firm. ICM Controls is a manufacturer of electronic control products. ICM, which has about 300 employees, is based in Cicero at 7313 William Barry Blvd., off East Taft Road. Lorraine Capital acquired
Port of Oswego opens grain-testing lab
OSWEGO, N.Y. — The Port of Oswego Authority (POA) has opened its grain-testing lab, which is part of the new $15 million grain-export center. The
New York’s utlized production of apples fell 4 percent in 2021
ALBANY, N.Y. — New York’s utilized production of apples totaled 1.33 billion pounds in 2021, down 4 percent from 2020 as heavy rains in September probably hindered the fresh harvest, per a recent government report. That may have contributed to a lower yield and an increase in the amount of apples allocated to processing, according
Lockheed Martin’s Syracuse–area plant secures Navy contract modification
SALINA , N.Y.— Lockheed Martin Corp.’s (NYSE: LMT) plant in suburban Syracuse was recently awarded an almost $10.6 million cost-plus-incentive-fee modification to a previously awarded delivery order from the U.S. Navy. It’s a modification to an indefinite-delivery/indefinite-quantity contract for design, prototyping, and qualification testing of submarine electronic-warfare equipment, according to a May 3 contract announcement
C&S, other CNY firms on new NYS historic business preservation registry
Salina–based C&S Companies is part of the newly launched New York State Historic Business Preservation Registry. The online registry was established to honor and promote New York businesses that have been in operation for at least 50 years and have contributed to their communities’ history. The first round of designations includes 100 businesses across the
Overkill Truck Accessories leases industrial space in DeWitt
DeWITT, N.Y. — Overkill Truck Accessories has leased 2,300 square feet of industrial space at 6301 Meade Road in the town of DeWitt. Gary Cottet, of Cushman & Wakefield/Pyramid Brokerage Company, helped arrange the transaction, representing the landlord, according to a release from the real-estate firm. No lease terms were disclosed. Benjamin Ridley and Lee
ConMed boosts 2022 forecast based on Q1 results, acquisition
The lingering COVID-19 pandemic played a role in limiting sales to just single-digit percentage growth for the first quarter of 2022 for ConMed Corp. (NYSE: CNMD), a medical-device manufacturer with roots in the Utica area. However, the company boosted its full-year guidance based on its first-quarter performance, along with a recently announced acquisition. “March was our
PAR Technology posts strong first-quarter revenue growth
NEW HARTFORD, N.Y. — PAR Technology Corp. (NYSE: PAR) generated double-digit sales growth in the first quarter of 2022, but still posted a net loss
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