ACNB, Traditions Bancorp to merge
Gettysburg-based ACNB Corp., the financial holding company for ACNB Bank and ACNB Insurance Services, and York-based Traditions Bancorp, the holding company for Traditions Bank, recently entered into ...
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Verlinvest, Mistral Equity Partners invest in Insomnia Cookies
Verlinvest, an international evergreen investment company, and Mistral Equity Partners, a New York-based private equity firm, recently invested in Philadelphia-based Insomnia Cookies, a late-night bak...
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State GOP lawmakers highlight benefits of coal during ‘underground’ hearing
Members of the Pennsylvania House Republican Policy Committee on July 24 hosted a hearing held in an underground coal mine on the economic benefits of coal. “The Pennsylvania coal industry’s co...
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IRG Erie receives $182.6M federal loan guarantee
The U.S. Department of Energy’s Loan Programs Office (LPO) recently issued a conditional commitment for a loan guarantee to IRG Erie for up to $182.6 million for the construction of a plastics recyc...
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Penn Mutual sells wealth management subsidiary to KKR
The Penn Mutual Life Insurance Company, based in Philadelphia, on Tuesday inked a new agreement under which investment funds managed by global investment firm KKR will acquire Penn Mutual’s wholly-o...
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U. S. Steel, partners awarded $5.4M DOE grant to test system eliminating carbon emissions from iron reduction
The U.S. Department of Energy (DOE) recently awarded Pittsburgh-based United States Steel Corp. (U. S. Steel) and partners Molten Industries, a methane pyrolysis technology developer, and CPFD Softwar...
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Pennsylvania natural gas, energy companies close $5.4B merger deal
Pittsburgh-based independent natural gas production company EQT Corp. has closed on its deal to buy back Mountain Valley Pipeline operator Equitrans Midstream Corp. in an all-stock deal worth $5.4 bil...
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FirstEnergy Pennsylvania installs smart grid enhancements in York, Adams Counties
Eastern Pennsylvania’s Met-Ed, a FirstEnergy Corp. subsidiary, announced Monday it was installing smart, automated equipment on powerlines in York and Adams counties. The smart grid will serve m...
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Pennsylvania awarded $396M federal decarbonization grant
The Environmental Protection Agency (EPA) recently awarded Pennsylvania a $396 million Climate Pollution Reduction Grant (CPRG) to help manufacturers fund industrial decarbonization projects. The g...
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Credit: Miller Fabrication Solutions
Miller Fabrication Solutions unveils new laser cutter to optimize production
Brookville, Pa.-based Miller Fabrication Solutions, a metals manufacturing partner for Original Equipment Manufacturers (OEMs), recently acquired a TRUMPF TruLaser Center 7030, a full-service laser cu...
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Statewide unemployment holds steady at 3.4 percent in June
For the ninth consecutive month, Pennsylvania’s unemployment rate for June remained unchanged at 3.4 percent, according to a preliminary employment situation report released July 19 by the Pennsylva...
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PPG extends partnership with Indianapolis Motor Speedway (IMS), INDYCAR and Team Penske
Pittsburgh-based PPG recently extended its partnerships with the Indianapolis Motor Speedway (IMS), INDYCAR and Team Penske through 2029. “We are excited to build upon our extensive history with ...
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Platinum Equity completes sale of Gettysburg facility
California-based Platinum Equity, a global investment firm, recently completed the sale of its Hunterstown power generation facility in Gettysburg to New York-based LS Power, a development, investment...
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ThermOmegaTech expands Bucks County facility
Warminster-based ThermOmegaTech, a self-actuated thermostatic valves and actuators designer and manufacturer, recently expanded its manufacturing facility by 23,000 square feet. The facility is now...
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Gov. Shapiro signs state carbon capture bill into law
Pennsylvania Gov. Josh Shapiro signed into law a bill that establishes the legal and regulatory framework for potential carbon dioxide capture, utilization, and sequestration (CCUS) in the state. S...
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Astrobotic conducting tests of lunar rover
Pittsburgh-based Astrobotic, a space technology company, will be conducting a summer-long test campaign for its VSAT Optimized for Lunar Traverse (VOLT). VOLT is a specialized lunar rover equipped ...
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Credit: Gov. Josh Shapiro's office
Independent Fiscal Office projects depletion of General Fund surplus
Pennsylvania’s General Fund surplus of $6.6 billion will likely be depleted before the end of the next fiscal year, according to research released July 18 by the state’s Independent Fiscal Office ...
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Falkbuilt Philadelphia celebrates two-year anniversary
Canada-based Falkbuilt, a digital component construction company, recently celebrated two years in the Philadelphia market. Falkbuilt Philadelphia was founded in 2022 and is independently owned and...
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Air Products will construct, operate new industrial facilities at two out-of-state locations
Trexlertown, Pa.-based Air Products and Chemicals Inc., an international corporation that sells gasses and chemicals for industrial use, plans to build, own, and operate new air separation units (ASUs...
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Triumph Group business awarded contact to provide auxiliary gearboxes for GE Aerospace
GE Aerospace, an aerospace propulsion, services, and systems company, recently awarded Radnor-based Triumph Group’s Geared Solutions business a contract to provide auxiliary gearboxes. "TRIUMPH i...
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