Virginia Businesses in the News


Mergers and Acquisitions

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For the Record is compiled from company releases, business journals and newspaper reports from around the state. If you have an item for these listings: • Mail it to: For the Record Virginia Business Magazine P.O. Box 85333 Richmond, VA 23293 • E-mail it to ForTheRecord@va-business.com • Fax it to (804) 649-6311

Alion Science and Technology, an employee-owned research and development company in McLean, acquired Innovative Technology Solutions Corp., a nuclear engineering services company in New Mexico. (PRNewswire)

Dominion, a Richmond utility company, reached an agreement to buy the Kewaunee Power Plant, a nuclear power facility near Green Bay, Wis., from Wisconsin Public Service Corp. for $220 million. (Richmond Times-Dispatch)

DuPont, a Wilmington, Del. science company, sold its Invista textiles unit to two units of Koch Industries of Wichita, Kan., for $4.4 billion in cash. The sale includes a DuPont plant in Waynesboro that employs 1,800 workers. Koch said no decision had been made about the future of the newly acquired properties. The sale is part of a companywide restructuring by Dupont after yearsof decline in the U. s. textile and apparel industries. (Richmond Times-Dispatch)

Ecolochem, a Norfolk-based provider of mobile water treatment systems, agreed to be bought by Ionics Inc. of Watertown, Mass., a water services technology firm, in a $200 million cash and stock deal. (PRNewswire)

Gannett Co., a media and communications company headquartered in McLean, purchased Clipper Magazine of Lancaster, Pa., an independent direct-mail advertising magazine that reaches 100 million homes in the U.S through 320 market editions in 23 states. (Business Wire)

Ironworks Consulting and Whitlock eBusiness Solutions, both information technology companies based in Richmond, agreed to a merger and will operate under the name Ironworks. (Richmond Times-Dispatch)

LandAmerica Financial Services, a Richmond-based provider of real estate transaction services, purchased Realty Title Co. of Kansas City, a title insurance firm. (PRNewswire)

Southern Financial Bank of Warrenton, agreed to a merger with Provident Bankshares Corp., a Maryland-based commercial bank with a presence in the Washington, D.C. region.The deal will help Southern expand in the metro Washington market. (Press release)