Industries

For the Record - Central Virginia

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Abbott Laboratories underwent a $8.7 million expansion of its Altavista plant where it produces nutritional drinks. A new production line, with 13 new jobs, will package its products in a smaller container. (News & Advance)

CarMax Inc., a Goochland County-based auto retailer, will hire 14 new employees for its two Richmond-area stores. The move is part of a process to hire more than 1,200 workers at its 103 stores. (Richmond Times-Dispatch)

Furniture Brands International announced it will close its Thomasville Furniture factory in Appomattox with the loss of about 200 jobs. The closure is part of a move to cut overhead. The work will be moved to facilities in North Carolina and elsewhere. (News & Advance)

Insmed Inc., a Richmond-based biopharmaceutical firm, has acquired Monmouth Junction, N.J.-based Transave Inc., which is developing an inhalable pharmaceutical for lung infections. Transave’s top executive, Timothy Whitten, has been named chief executive officer of the combined company. (Richmond Times-Dispatch)

The Martin Agency, a Richmond-based ad agency, received the account for Kraft Foods’ Cool Whip product. It is the first time Martin has worked with Kraft, which previously used DraftFCB of Chicago on its Cool Whip account. (Richmond Times-Dispatch)

A federal judge in Richmond ruled for Virginia and dealt a blow to newly enacted federal health-care reform, declaring unconstitutional the provision that requires nearly every American to purchase insurance or pay a penalty. U.S. District Judge Henry E. Hudson’s ruling came in response to a lawsuit filed last March by Virginia Attorney General Ken Cuccinelli. The case is expected to decided ultimately by the U.S. Supreme Court. (Richmond Times-Dispatch)


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