Cadmus Communications Corp., a Richmond-based
publishing services company, was bought by Cenveo Inc.,
a
Stamford,
Conn., commercial printing company, for $430 million. The merger will create
the third-largest graphic communications company in
North America. Cadmus shareholders will receive $24.75 for each share held. (
Richmond Times-Dispatch)
Commonwealth Biotechnologies Inc., a Richmond-based
life sciences research company, bought the outstanding
capital stock, 2.2 million shares, of Mimotopes Pty Ltd.
of
Melbourne,
Australia
, a producer of research-grade peptides. PharmAust Ltd.,
owner of Mimotopes, will receive a 39.5 percent equity
stake in Commonwealth from the sale. CBI expects strong
revenue potential from the growth in demand for peptides,
as well as open possibilities in the
Pacific Rim market. (News release)
Gateway Insurance Services Inc. acquired C.D.
West
& Co., a Newport News-based insurance provider.
West will provide Gateway a vehicle for expansion of
its commercial insurance lines in
Virginia. Gateway is a subsidiary of Gateway Bank & Trust,
a financial services company headquartered in
Virginia Beach. (News release)
NeuStar Inc., a Sterling-based communications
company, bought Followap Inc. of
Great Britain
, a provider of mobile communications services for $139
million in cash. The deal allows NeuStar to grow in the
international mobile market. (PRNewwire)
Towne Bank, a
Portsmouth financial services provider, acquired The
Frieden Agency Inc. of
Virginia Beach, the employee-benefit affiliate of The
Frieden Agency. Towne plans to merge its acquisition
with Benefit Design Group, a subsidiary of Towne
Insurance Agency, to offer more services and expand beyond
the Hampton Roads market. (News release)
