Industries

For the Record - Shenandoah Valley, October 2010

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Invista Inc. announced plans to hire 20 to 25 workers at its Waynesboro plant because of improved market demand for its Lycra and Spandex operations. The expansion comes after the plant went through layoffs in 2008 and 2009. (The News Virginian)

James Madison University Real Estate Foundation bought three residential parcels near West Grace Street in Harrisonburg for $5.8 million. The new acquisitions are near the Rockingham Cooperative, which JMU bought for $14.1 million in June. The university will lease the new properties, which will remain residential, from the foundation. (Daily News-Record)

McClung Cos., a Waynesboro-based printing business, merged with Immerge Technologies, a website design firm in Harrisonburg. Immerge will operate as a division of McClung, which undertook the deal to extend its business services into the online sector. (Daily News-Record)

Howard Shockey & Sons Inc., a Winchester contractor, was ranked as the 78th largest design-build contractor in the nation in a survey by Engineering News-Records. Shockey had $143.6 million in combined contracting and design revenue. (The Winchester Star)

Tech Team Solutions, a Winchester computer and networking firm, merged with Telephone Wiring Inc., a provider of business telephone systems. The deal broadens Tech Team’s business in fiber-optic systems. Telephone Wiring founder Hector Robertson planned to retire and wanted to relinquish day-to-day responsibilities. (The Winchester Star)


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