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Investment

MSA awarded $33M Coast Guard contract

By Melina Druga  |   November 18, 2024   |   Companies

The U.S. Coast Guard recently awarded Cranberry Township-based MSA Safety, an advanced safety products, technologies and solutions company, a 10-year $33 million contract to provide firefighter respir...

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Beaver Valley Federal Credit Union, Clearview Federal Credit Union to merge

By Melina Druga  |   November 15, 2024   |   Companies

Beaver Valley-based Beaver Valley Federal Credit Union’s members recently voted to merge with Coraopolis-based Clearview Federal Credit Union, effective June 2, 2025. The credit unions will colla...

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Joseph Machine Co. receives $2M state redevelopment grant

By Melina Druga  |   November 15, 2024   |   Companies

The Pennsylvania Department of Community and Economic Development recently awarded York County-based Joseph Machine Co., a custom machinery manufacturer, with a $2 million Redevelopment Assistance Cap...

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Wabtec purchases two European companies

By Melina Druga  |   November 14, 2024   |   Companies

Pittsburgh-based Wabtec Corporation’s Transit Business recently purchased Spanish-based Fanox Electronic, a designer and manufacturer of protection relays and communication devices for Medium-Voltag...

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Powerex semiconductor firm receives $1M grant from state to modernize facilities

By Dave Kovaleski  |   November 14, 2024   |   Featured

The Commonwealth of Pennsylvania is investing $1 million to support the growth of semiconductor solutions supplier Powerex Inc. The funding will go toward a $14 million initiative by the company t...

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PQ expands Indonesian silica production facility

By Melina Druga  |   November 14, 2024   |   Companies

Malvern-based PQ, a sodium silicates, specialty silicas, and derivative products producer, recently completed the expansion of its Pasuruan, Indonesia, silica production facility. The project added...

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Goldman Sachs to become new majority owner of Sila Services

By Dave Kovaleski  |   November 13, 2024   |   Companies

Sila Services, a leading provider of HVAC, plumbing and electrical services based in King of Prussia, Pa., will have a new majority owner. The company announced this week that the Private Equity bu...

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ACNB Corporation given approval to merge with Traditions Bancorp

By Melina Druga  |   November 13, 2024   |   Companies

Gettysburg-based ACNB Corporation, an independent $2.42 billion financial holding company and the parent company of ACNB Bank and ACNB Insurance Services, recently announced it has received the requir...

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Bradford White, nonprofit organization partner to raise awareness of career opportunities

By Melina Druga  |   November 12, 2024   |   Companies

Ambler-based Bradford White Corp., a water heaters, boilers and storage tanks manufacturer, recently partnered with Explore The Trades, a nonprofit organization that raises awareness about the trades ...

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Pittsburgh-based PNC Bank to expand national footprint with $500M investment

By Dave Kovaleski  |   November 12, 2024   |   Companies

Pittsburgh-based PNC Bank is adding to its national footprint by investing $500 million to open new branches and make renovations to existing branches around the country. Through this $500 million...

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Shipfusion opens fourth warehouse in York

By Melina Druga  |   November 12, 2024   |   Companies

Ontario-based Shipfusion, an ecommerce fulfillment and third-party logistics provider, recently opened its fourth warehouse in York. The new warehouse expands Shipfusion’s capacity to serve its g...

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Vishay will pay $18.5M cash for German-based manufacturer

By Kim Riley  |   November 8, 2024   |   Companies

Vishay Intertechnology Inc., an electronic parts supplier in Chester County, Pa., announced Wednesday it plans to purchase a German-based capacitor film manufacturer for $18.5 million (USD). The co...

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Ocugen receives $30M credit facility to fund, allocate resources across company

By Melina Druga  |   November 8, 2024   |   Companies

Malvern-based Ocugen, a biotechnology company focused on novel gene and cell therapies, biologics, and vaccines, recently received a four-year, $30 million credit facility from Avenue Venture Opportun...

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AmeriServ Financial subsidiaries complete merger

By Melina Druga  |   November 7, 2024   |   Companies

Johnstown-based AmeriServ Financial Bank and AmeriServ Trust and Financial Services Co., both subsidiaries of AmeriServ Financial, completed their merger Oct. 1. Under the terms of the agreement, ...

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Cencora proposes majority purchase of Retina Consultants of America for $4.6B in cash

By Kim Riley  |   November 7, 2024   |   Companies

Conshohocken, Pa.-based Cencora Inc., an American drug wholesale company and a contract research organization, plans to acquire Retina Consultants of America (RCA) for approximately $4.6 billion in ca...

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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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New trade commission slated to advance international cooperation between Pennsylvania, Ireland

By Kim Riley  |   November 4, 2024   |   Featured

Legislation signed into law Oct. 29 by Pennsylvania Gov. Josh Shapiro will establish a Pennsylvania-Ireland Trade Commission to help bolster the state’s economy and overseas trade relations. Enac...

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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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