Virginia Businesses in the News


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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

DanChem, a Danville chemical firm, and United Food and Commercial Workers Local 400 agreed on a new labor contract, ending a 10-month strike at the plant. Under the new pact, 70 hourly DanChem workers will receive overtime after 40 hours work. Other provisions addressed wage and pension benefits, work schedules and medical insurance. (Danville Register & Bee)

Lydall Distribution Services, an importer and exporter of paper goods, signed a 15-year deal with Virginia International Terminals, doubling the size of its operations at Newport News Marine Terminal to 225,000 square feet. Lydall will begin a project to export paper products to India. (Daily Press)

Nextel, a Reston-based telecommunications company, and rival Verizon Wireless reached agreement over Nextel's use of new wireless frequencies allocated it by the Federal Communications Commission. Verizon agreed to drop its objections. In exchange Nextel said it will stop challenging the right of Verizon and other wireless providers to use the phrase "push to talk" in marketing their services. The FCC had authorized Nextel to use new airwaves in order to resolve conflicts between its wireless operations and radio systems used by emergency response agencies. (The Washington Post)

PBM Nutritionals Inc., an affiliate of food and pharmaceutical products manufacturer PBM Products Inc. of Gordonsville, purchased Wyeth Nutritionals' facility in Georgia, Vt., for the manufacture of infant formula. Since 1997, PBM has been the exclusive U.S. marketer and distributor of Wyeth's infant formula. (PRNewswire)