Manufacturing Round Up for the Week of 03/24/16

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GE Picks Spot for New Global Headquarters in Boston

“General Electric Co. will locate its new world headquarters in the Seaport District of Boston along Necco Street. The property is under agreement to be purchased from Procter & Gamble (NYSE: PG) and sits at the edge of its 44-acre South Boston campus — at 5 and 6 Necco Way, representing roughly 2.5 acres.”
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Buffalo Group Invests $500K of Venture Capital into Rochester Industrial Printing Startup

“The Buffalo Capital Partners group has once again teamed up with venture capital firm Excell Partners to back an industrial start-up company with roots in the Rochester region. Rochester-based Excell is leading the $2.5 million round being raised by Sensor Films, while the Buffalo-based group is contributing about $500,000 to that round.”
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Albany Tech Company Acquired by Silicon Valley Private Equity Firm

“FirstLight Fiber has been acquired by Oak Hill Capital Partners, a private equity firm out of Menlo Park, California. The Albany, New York, company — founded by Kevin O’Connor as Tech Valley Communications in 1999 — is currently owned by the Boston private equity firm Riverside Partners. Riverside acquired it in 2010.”
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Manufacturing Mashup: 3D and the Sharing Economy

“Judging by the content of lunch room refrigerators, peanut butter and jelly was historically the most popular mashup in manufacturing. But that combination is being knocked from its throne by two powerful forces meant for each other: 3D Printing and the Sharing Economy.”
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Digital Rochester Names Technology Woman of the Year Nominees

Digital Rochester Inc. has announced 14 nominees for its 2016 Technology Woman of the Year Awards—an annual event that honors the achievements of women in technology fields.
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By the Numbers: Women Pay Off, Global Edition

“A new study by the International Monetary Fund confirms that having women in executive positions leads to a higher profit margin. This comprehensive survey of 2 million firms in 34 European countries shows that even one women in the C-suite or on a board of directors makes a difference of an 8- to 13-point higher return on assets.”
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Rochester’s Top Workplaces 2016: The List

“Here are Rochester’s Top Workplaces for 2016. The winners were announced at an awards ceremony on March 24.”
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Bair Transitions to Athenex

“After 16 years at Harris Beach, Teresa Bair left last summer to join Athenex, the former Kinex Pharmaceuticals. The Buffalo-based company is dedicated to development, commercialization and manufacturing of specialty cancer drugs.”
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