AMF Bowling Worldwide Inc., a Mechanicsville-based
manufacturer of bowling products, merged with Qubica
Worldwide of Bolonga, Italy. The new company, QubicaAMF
Worldwide, will maintain its worldwide headquarters
in Mechanicsville and eventually employ approximately
600 people, from its current 520. (Richmond Times-Dispatch)
Massey Energy Company of
Richmond bought the assets of Great Western Coal
Inc. of Harlan County,
Kentucky for $2.1 million in cash, plus $2.7 million
in property reclamation liabilities. Great Western's
assets include an estimated 14 million tons of low
sulfur coal reserves. The move expands Massey's presence
in the Central Appalachian region. (PRNewswire)
Millennium Bankshares Corp., a Reston financial
services company, acquired Albemarle First Bank of
Charlottesville. The combined bank operations will
have $550 million in total assets. (Business Wire)
Winston Partners, a
McLean investment firm, bought Shearer's Foods Inc.
of Brewster, Ohio, a manufacturer of potato chips,
pretzels and other snack foods. CMS
of Philadelphia, and Fenwick Capital of Birmingham,
Ala. joined Winston in the venture (Press release)
