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Montgomery County Briefs: Sports Authority, Tompkins VIST Bank, Einstein Healthcare, and Tourism
Here’s a quick rundown of the news in Montgomery County: Sports Authority to Close Its Doors, Including Those in Abington Sports Authority, the popular national retail chain for new and used sports equipment, will close all of its more than 450 locations across the country as part of a bankruptcy filing. The sports retailer filed…
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Montgomery County Careers – JBS Souderton
JBS is the world’s biggest beef (and pork, poultry, and lamb) processor and exporter. JBS also offers cooked and canned meats, ready-to-eat meals, as well as hides and dairy products. JBS sells beef domestically under the Friboi brand. Sales Relationship Specialist This position will improve customers’ perception of the service they receive from JBS Beef,…
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Victrex Helps Produce Record-Breaking Lightweight Continuous Pipe
Expertise from West Conshohocken’s Victrex has helped Magma Global Ltd. develop a flexible m-pipe technology that can reduce exploration and production costs and help limit the hazards from subsea oil and gas systems, according to a staff report from Plastics Today. The lightweight continuous pipe is the largest and longest Victrex PEEK-based structure ever, capable…
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Regulators Snatch Keys of KOP’s Failed First CornerStone Bank
State and federal regulators have shut down the distressed King of Prussia-based First CornerStone Bank, writes Jeff Blumenthal of the Philadelphia Business Journal. First Citizens Bank & Trust Co., a subsidiary of Raleigh, N.C.-based First Citizens BancShares, have assumed all of First CornerStone’s $101 million in deposits and $103 million in assets. First Citizens will…
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Bryn Mawr Bank Earnings Report Boosts Main Line Financial Pillar Above Angsts
A strong first quarter of earnings is helping the parent company of Bryn Mawr Trust rise above doubts surrounding the longtime local bank’s future. Bryn Mawr Bank Corp. has endured underperformance, accusations of compliance issues and an abrupt stock loss over the past year as it has attempted to assimilate the recent acquisitions of Davidson…
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Montgomery County Briefs: Entenmann’s, Willow Grove Fairfield Inn, National Philanthropic Trust, and ASTM Plastics
Here’s a quick rundown of the news in Montgomery County: Entenmann’s Expands Little Bites Line with Snack Bars Entenmann’s, whose corporate headquarters are located in Horsham, has announced a new extension to its popular Little Bites line. The new Little Bites Snackin’ Bites are portable, pre-packaged, soft baked mini bars for families’ on-the-go-needs. The new…
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Montgomery County Careers – Nutrisystem
Headquartered in Fort Washington, Nutrisystem is a commercial provider of weight loss products and services. The company initially offered weight-loss counseling and products in brick-and-mortar centers. However, in 1999, the company moved to a direct-to-consumer business model, selling its products and programs on the Internet and through a call center. Nutrisystem’s programs have been sold…
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Bike and Pedestrian Friendliness Are Big Factors for Home Marketability
Studies by the U.S. Census Bureau and the Urban Land Institute put walking and bicycling atop the list of alternatives to the automobile. Therefore, it should come as no surprise that bike and pedestrian friendliness are big factors in home marketability, writes Alan Heavens of the Philadelphia Inquirer. “While parking is still a valuable amenity,…
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The ‘New’ King of Prussia Championed as Walkable Suburbs
A recent report in Philadelphia Magazine championed King of Prussia and its adapting to the preferences of the millennial and baby-boomer urbanites as the model for a walkable suburb. LOCUS, an affiliate of Smart Growth America, is an advocacy group consisting of developers committed to producing more sustainable communities. It noted King of Prussia’s ability…
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Is a Recession Looming? Vanguard Economist Says Downturn Unlikely
In the following video, Vanguard Global Chief Economist Joe Davis examines the current low-growth environment and places the likelihood of a U.S. recession in the near future at 15 to 20 percent odds. Davis concedes that the odds of a recession are elevated given the economy’s slow growth, reduced exports and declining corporate profits. But…
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Mother Teresa’s Missionaries of Charity Still Serving the Poor in Norristown
Mother Teresa’s religious order in Norristown, the Missionaries of Charity, are continuing the work of the woman who was canonized as a saint on Sunday, writes Laura Benshoff for NewsWorks. The Montgomery County outpost, which also does outreach in Philadelphia and Camden, was founded by Mother Teresa herself in 1984 at the request of the…
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Arbitrator Rules Against Lower Merion Township in $900K Library Project Dispute
Lower Merion Township will have to pay out an additional $900,000 for the Ludington Library project after an arbitrator recently ruled against it in a long-running dispute with contractors. The library has been re-opened for nearly four years now, writes Richard Ilgenfritz of Mainline Media News. The final tally of the renovation costs is now…
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PennSuburban Chamber, Kieffer’s Appliances Host 2nd Culinary Competition
The PennSuburban Chamber of Greater Montgomery County recently hosted the second annual Chairman’s Reception and Culinary Competition at Kieffer’s Appliances, writes Stephen Pileggi of Digital First Media. According to Pileggi, the evening primarily served as a networking opportunity for chamber members to interact with their peers and form new connections with local restaurants and chefs.…
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KOP’s Greenphire Flourishes as Clinical-Trial Payment Manager
King of Prussia’s Greenphire, a company that develops and markets clinical trial payment management and data analytics software, was recently profiled in the Philadelphia Business Journal for its success in the industry. Founded in 2008, Greenphire was acquired by Riverside Co., a New York-based private equity firm, in early 2015. The company employs 95 people,…
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Glenside’s Solar Light Company Releases New Line of Touch Screen Controllers
Glenside-based Solar Light Company – a leading global provider of solar simulators, UV transmittance analyzers, and radiometers – has released a new line of DCS-2 Touch Screen Controllers. These controllers/meters have a new slim design and color scheme that matches the company’s new and existing simulators, one of which specifically includes the 601 v.2.5 model.…
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Fort Washington’s Kappa Media Acquires Wisconsin Printer
Fort Washington’s Kappa Media has acquired the business, assets, and printing facility of Times Printing in Random Lake, Wisc., writes Erik Cagle of Printing Impressions magazine. Times Printing is a full-service provider of color printing services for magazines, catalogs, and other publications. The new entity will continue to do business as Times Printing and will…
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KOP’s Hyatt Place Acquired for $13 Million; Renovations Planned
King of Prussia’s Hyatt Place hotel has been acquired for $13 million by DoveHill, a real-estate investment firm, and its partner, Wurzak Hotel Group, writes Kenneth Hilario of the Philadelphia Business Journal. Wurzak, which has operations in Philadelphia and now has a portfolio of five hotels in the area, assumed management of the 129-room hotel,…
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Horsham’s Workspace Property Trust Has Strong First Quarter
Workspace Property Trust, a leading real-estate investment firm based in Horsham, announced the completion of 13 lease transactions in the first quarter of 2016, comprising over 150,000 square feet of space. These significant lease transactions are indicative of the strong demand for office/flex space in the vibrant Horsham submarket. “Since acquiring this portfolio in early…
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