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Manufacturing Round Up for the Week of 10/10/16

Gibraltar pays $25 million cash for Colorado-based business

“Gibraltar Industries paid $25 million in cash to acquire a Colorado-based company in a deal that closed Tuesday.  The acquisition will allow the Buffalo-based manufacturer (NASDAQ: ROCK) to strengthen its position in the U.S. commercial greenhouse market, according to a Gibraltar news release.”
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General Mills plans $25 million Buffalo upgrade to make Corn Chex, Honey Nut Chex

“General Mills has confirmed plans to increase its cereal production in Buffalo that will now include the Corn Chex and Honey Nut Chex and brands to go with its iconic Cheerios line.”
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SI Group completes fourth acquisition in three years

“SI Group, one of the Albany, New York, region’s largest companies, has completed its fourth acquisition since CEO Frank Bozich took over three years ago.  The Niskayuna resin and chemical compound maker today completed the purchase of TPC Group’s 10-acre chemical manufacturing plant in Baytown, Texas, near Houston.”
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Plug Power expanding with new service center in Ohio

“Plug Power, the Latham, New York, fuel cell maker, is expanding in the Midwest with a new service center in Dayton, Ohio.  The service center has 10 employees with the intention to add five more.  It is responsible for parts and maintenance for Plug Power’s GenDrive fuel cell units in the Midwest region and GenFuel stations across the country.”
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RIT to hold symposium for women in optics, photonics

“Rochester Institute of Technology is marking the 100th anniversary of the Optical Society with a symposium dedicated to women working in the fields of optics and photonics.  The program, Global Women of Light, is scheduled as part of the Optical Society conference, Frontiers in Optics: The 100th OSA Annual Meeting and Exhibit/Laser Science XXXII.  It’s slated to be held at the Joseph A. Floreano Rochester Riverside Convention Center Oct. 17 to 21.”
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Athenex raising up to $50 million from private investors

“Athenex is raising up to $50 million in private investment, according to a federal disclosure, adding to more than $200 million it’s pulled in over the past decade.  The Form D filing showed the Buffalo-based biomedical company has already closed $37.9 million of the potential $50 million in the past few weeks.”
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Why drugs, computer chips and turbines are a critical part of Albany’s economy

“Makers of drugs, computer chips, chemicals and steam and gas turbines have made the Albany region the most vibrant manufacturing industry in New York state.  The Albany region gained another 400 manufacturing jobs in August, propelling a sector that has added 4,600 jobs over the past five years.”
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Former Moog exec, 2 others join Astronics board

“Astronics has expanded the head count on its board of directors, adding three members.  That brings the number of directors to nine, eight of whom are independent, according to the East Aurora-based (NASDAQ: ATRO) manufacturer of products for the aerospace, defense, and semiconductor industries.”
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Schumer, Gillibrand announce manufacturing community redesignation

“U.S. Sens. and Democrats Charles Schumer and Kirsten Gillibrand recently announced the redesignation of the Greater Rochester Finger Lakes application for the Investing in Manufacturing Communities Partnership Program.”
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Slaughter makes push for new federal manufacturing institute at RIT

“A letter supporting the Rochester Institute of Technology-led proposal for a new public-private clean energy manufacturing institute is headed to U.S. Secretary Ernest Moniz from U.S. Rep. Louise Slaughter.”
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Why Ecovative Design wants to ship its mushroom furniture direct to you

“Ecovative Design, the Troy, New York company that makes furniture and packaging products out of mushrooms, is starting its own line of furniture made with 100 percent natural materials.  The direct-to-consumer line called Everything Home Grown starts selling its first product this week — the Imperial Stool.”
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