Industries

Central Virginia—For the Record

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Albemarle Corp., a specialty chemical firm based in Richmond, will double the production capacity of antioxidants at its Shanghai facility. The move will maintain its position as China’s leading manufacturer of polymer antioxidants, used in the production of plastics, adhesives and other materials. (PRNewswire)

Altria Group Inc, the parent company of Philip Morris USA, moved its headquarters from New York to the Henrico County after spinning off its international tobacco division in late March. (Richmond Times-Dispatch)

CarMax Inc., a Richmond-based used-car retailer, received recognition for the excellence of its workplace environment for the first time through the Gallup Organization’s Great Workplace Award and the 2008 Honor Roll from The Center for Companies That Care. (News release)

Cherry, Bekaert & Holland, a Richmond accounting firm, acquired the firms of Aidman, Piser & Co. in Tampa Bay, and Massey + Pittman in Atlanta. (News release)

Continental Waterford LLC sold Waterford I, a 47,000-square-foot, Class A office building in Chesterfield County, to 2820 WL Group LLC for $6.9 million as an investment. (News release)

Donley’s, a Richmond-based contracting firm, received a $34 million contract to design and build a parking deck at Richmond International Airport which will add 2,600 spaces when the two-phase, 24-month project is completed. (News release)

Hottle and Associates, a new full-service insurance agency, which also offers consulting and risk management services, opened in Warrenton. President and CEO Priscilla Hottle has almost 30 years of experience in the insurance industry and was previously executive vice president and COO of Patterson/Smith Associates in Washington, D.C. (News release)

Massey Energy Co., a Richmond-based energy company, won a decision from the West Virginia Supreme Court vacating a $76.2 million judgment from a coal contract dispute with Harman Mining Co. The ruling affirmed an earlier judgment by the court that Harman’s suit should have been barred by terms of the underlying contract and a related Virginia
suit. (The Associated Press)

Media General Inc., a Richmond-based media company, agreed to sell two of its television stations, in Panama City, Fla., and Alexandria, La., to Hoak Media Corp. of Dallas. The deal is part of Media General’s announced plans to sell five stations in midsize markets. The company also received $58 million as its share in the sale of SP
Newsprint to White Birch Paper Company, in conjunction with partners Cox Enterprises Inc. and The McClatchey Co. Media General will use the proceeds to reduce its debt. (News release)

Mother Parkers Tea & Coffee Inc., a provider of specialty coffee and tea headquartered in Ontario, Canada, will spend $40 million to open an Ashland facility to roast and package coffee for retail and food service industries customers. Virginia competed with Maryland and North Carolina for the investment which will create 85 jobs. (News release)

Riley & Wells, a law firm focused on criminal defense and personal injury cases, opened in Richmond. W. Edward Riley IV and Mitchell M. Wells formed the new firm. (News release)

S&K Famous Brands Inc. has created S&K Corporate Apparel, a division that designs and sells uniforms and other corporate apparel.  The selection of clothing ranges from uniforms worn by housekeeping or culinary workers to health-care workers and valet parking attendants. (Richmond Times-Dispatch)

Northrop Grumman’s Sperry Marine unit in Charlottesville received a $47 million contract from the Navy to supply the machinery control system for the LHA 6, the first ship in a new generation of large-deck amphibious assault ships. The LHA 6 is being built at a Northrop Grumman shipyard in Pascagoula, Miss. (News release)

The University of Virginia Medical Center entered a five-year deal with nTelos, a Waynesboro-based telecommunications company, for wireless service throughout the complex. nTelos will provide 1,200 to 1,500 lines of service in what will be one of the company’s largest wireless deals. (The News-Virginian)

Virginia invested $1.8 million in research and commercial endeavors around the state, matched by $2.1 million in private, university and other funding sources. The projects involve several universities and technology companies collaborating on work in information technology, life sciences, modeling and simulation, and nanoelectronics. (News
release)

Village Bank of Midlothian, and River City Bank of Mechanicsville, agreed to a deal whereby River City would merge into Village Bank in a $20 million cash and stock transaction. After regulatory approval, the merged bank will have $513 million in assets, $444 million in deposits and 13 branches in the Richmond area. (News release)


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