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Companies

BNY Mellon acquires Pennsylvania-based fintech

By Dave Kovaleski  |   November 5, 2024   |   Companies

Financial services company Bank of New York Mellon (BNY Mellon) has closed on its acquisition of Berwyn, Pa.-based Archer Holdco. Specifically, Archer is a leading technology-enabled service provid...

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Pittsburgh-based HWI unveils plans to construct new production plant in Missouri

By Kim Riley  |   November 4, 2024   |   Companies

Pittsburgh-headquartered HWI, a member of Calderys, one of the leading suppliers of refractory products and services in the United States, said Oct. 31 that it plans to construct a new lightweight mon...

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Two venture capital firms receive $1.5M in state development funding

By Melina Druga  |   November 4, 2024   |   Companies

The Department of Community and Economic Development (DCED), through the Ben Franklin Technology Development Authority (BFTDA), a state technology development program, recently awarded two venture cap...

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Aramark Refreshments purchases Heathland Hospitality Group

By Melina Druga  |   November 1, 2024   |   Companies

Philadelphia-based Aramark Refreshments, a pantry and convenience retail services provider, recently announced it purchased Heathland Hospitality Group, a Ambler-based dining services provider. The...

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New renewable natural gas plant goes online in the Keystone State

By Kim Riley  |   November 1, 2024   |   Companies

A new renewable natural gas (RNG) plant in Hegins, Pa., is up and running, according to joint venture partners Archaea Energy and UGI Energy Services LLC. “Pennsylvania is a critical state for Ar...

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Kentucky facility begins production of renewable natural gas

By Melina Druga  |   October 31, 2024   |   Companies

Canonsburg, Pa.-based Vision RNG in collaboration with Laurel Ridge Landfill and Kentucky-based Delta Gas Co. recently began commercial operations at a renewable natural gas (RNG) facility located at ...

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EQT Corp. sells remaining interest in Northern Marcellus gas units to Equinor for $1.25B

By Kim Riley  |   October 31, 2024   |   Companies

EQT Corp., one of the largest producers of natural gas in the United States with operations in Pennsylvania, West Virginia, and Ohio, signed an agreement with Norway’s Equinor, which will acquire ad...

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Penflex receives Alberta Boilers Safety Association approval for metal hose assemblies

By Melina Druga  |   October 30, 2024   |   Companies

The Alberta Boilers Safety Association (ABSA) recently approved Gilbertsville-based Penflex Corporation’s made-to-stock metal hose assemblies for a Canadian Registration Number (CRN). In Canada, ...

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New manufacturing factory, facility upgrades planned for western Pennsylvania with $86M investment

By Kim Riley  |   October 30, 2024   |   Companies

Western Pennsylvania is poised to reap the benefits of an $86 million investment being made by Mitsubishi Electric Power Products Inc. (MEPPI). MEPPI plans to construct a new 160,000-square-feet ad...

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Folkland Foods receives $3M reimbursement grant

By Melina Druga  |   October 29, 2024   |   Companies

The Redevelopment Assistance Capital Program (RACP), a reimbursement grant program administered by the Office of the Budget, recently awarded Waterford-based Folkland Foods a $3 million development gr...

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PeopleOne Health secures $32M+ in new capital to support strategic expansion

By Kim Riley  |   October 29, 2024   |   Companies

PeopleOne Health Inc., a value-based primary care provider located across Pennsylvania, said Oct. 24 the company secured up to $32.3 million in Series B funding. The new capital, led by Google Vent...

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First Carolina Bank to acquire BM Technologies

By Melina Druga  |   October 29, 2024   |   Companies

North Carolina-based First Carolina Bank recently entered into a definitive agreement to purchase Radnor-based BM Technologies (BMTX), a banking platform, for an equity value of approximately $67 mill...

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Credit: PA Gov. Shapiro's office

GSK, state support largest economic development project in Lancaster County’s history

By Kim Riley  |   October 28, 2024   |   Companies

GSK plc, a London-headquartered multinational pharmaceutical and biotechnology company, is investing up to $800 million in Pennsylvania to increase its R&D and manufacturing footprint at its exist...

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EQT achieves GHG emissions targets ahead of schedule

By Kim Riley  |   October 25, 2024   |   Companies

EQT Corp., a Pittsburgh-based natural gas company with production and midstream operations focused in the Appalachian Basin, became the nation’s first traditional energy producer of scale to achieve...

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Harsco Environmental signs 10-year service contract with Arizona manufacturer

By Melina Druga  |   October 25, 2024   |   Companies

Harsco Environmental, a steel mill services and products provider, recently signed a 10-year services contract with Arizona-based Nucor Steel Kingman, a steel and steel products manufacturer. Under t...

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FirmaPak moving to new New Castle location

By Melina Druga  |   October 25, 2024   |   Companies

Chicago-based FirmaPak, a blow molded packaging solutions manufacturer, recently announced it plans to relocate its New Castle, Pa., production facility to a building approximately 10 miles away. The...

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Philadelphia Gas Works awarded $40M federal infrastructure safety, modernization grant

By Melina Druga  |   October 24, 2024   |   Companies

The Pipeline and Hazardous Materials Safety Administration (PHMSA) recently awarded Philadelphia Gas Works (PGW) a $40 million Natural Gas Distribution Infrastructure Safety and Modernization grant. ...

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California power generator manufacturer to build facility near Pittsburgh

By Melina Druga  |   October 24, 2024   |   Companies

The U.S. Department of Energy Office of Manufacturing and Energy Supply Chains recently awarded California-based Mainspring Energy, a power generator manufacturer, a $87 million Advanced Energy Manufa...

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Wabtec to supply locomotives for Kazakhstan rail company

By Melina Druga  |   October 23, 2024   |   Companies

Pittsburgh-based Wabtec, a provider of equipment, systems, digital solutions and value-added services for the freight and transit rail industries, recently entered into a $405-million agreement to sup...

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Tyoga Container completes $30M expansion

By Melina Druga  |   October 23, 2024   |   Companies

Tyoga Container, a corrugated box manufacturer, has invested $30 million to expand its facility in Tioga, Pa. The company redesigned its facility to included 126,000-square-feet of factory space an...

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