Industries

For the record - Hampton Roads

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Continental AG, a German manufacturer of auto parts, closed a South Carolina plant and will transfer that work to its Newport News facility. The company will invest $194 million and add 318 jobs to the Newport News operation over the next 36 months for the manufacture of fuel injection parts for diesel engines. (The Virginian-Pilot)

Royal Dutch Shell, a European oil company, bought the assets of Norfolk’s Enspire Energy, a natural gas marketing company. Enspire said the move was made to increase the products and service to its customer base. (Richmond Times-Dispatch)

Geeks On Call America Inc., a Norfolk-based provider of on-site information technology services, was sued by 10 of its franchisees in federal and state court, alleging breach of contract and fraud. The suits contend the company cost the franchisees business through operation of a competing online repair service, and a new system for routing customers to specific franchisees hindered their customer service. (The Virginian-Pilot)

Gateway Financial Holdings Inc. of Virginia Beach and Hampton Roads Bankshares Inc. of Norfolk received shareholder and regulatory approval for their merger, forming one of Virginia’s largest banking organizations. The combined companies will have $3.2 billion in assets and $2.5 billion in deposits. (The Virginian-Pilot)

Harbor Group International, a Norfolk-based real estate investment firm, sold the 22-story Wachovia Tower in Jacksonville, Fla., for $51.4 million to an undisclosed buyer. Harbor bought the 350,000-square-foot building in 2004 for $38.3 million. The facility is 98 percent leased. (The Virginian-Pilot)


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