Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.

Illinois firm to acquire Welch Allyn parent in $10.5 billion deal
Hill-Rom Holdings, Inc. in June 2015 announced plans to acquire Welch Allyn for about $2.05 billion in cash and stock. Nearly three years later, Hillrom

Canadian firm acquires Utica’s ECR International
UTICA, N.Y. — A Canadian company has acquired Utica–based ECR International, which has been manufacturing heating and cooling products in New York for almost a

Crews complete REDI project in Jefferson County
Crews have completed construction work on a $5.4 million project awarded to Jefferson County through New York State’s Resiliency and Economic Development Initiative (REDI). The

Lockheed Martin Owego wins $34M contract modification from Navy
OWEGO, N.Y. — Lockheed Martin Corp.’s (NYSE: LMT) Owego plant was recently awarded a modification to a previous contract from the United States Navy that is worth up to $34.4 million. This modification adds scope to provide integration and installation of a Hellenic Navy System configuration on three USN8 time configuration remote sensors for aircraft, according
New York egg production edges down in July
New York farms produced 146.8 million eggs in July, down 0.3 percent from 147.3 million eggs in the year-ago period, the USDA’s National Agricultural Statistics Service (NASS) recently reported. The number of layers in the Empire State averaged 5.7 million in July, up almost 1.1 percent from 5.64 million layers a year prior. July egg production

Cold Point formally opens new manufacturing plant in Rome
ROME, N.Y. — Cold Point Corporation recently formally opened its new 50,000-square-foot, $5.1 million manufacturing facility on a former brownfield site in Rome. Company executives, elected officials, and others cut the ribbon in a ceremony held July 29 at the plant, located at 510 Henry St. in Rome. The facility’s construction was handled by C2C

DOE selects Syracuse University to help manufacturers reduce their carbon footprint
SYRACUSE, N.Y. — Syracuse University is among 32 schools that will work to help local manufacturers improve their energy efficiency, as part of a $60
New York corn production forecast to rise 4 percent this year
New York farms are forecast to produce 83 million bushels of corn for grain in 2021, up 4 percent from last year. That’s according to a USDA National Agricultural Statistics Service (NASS) forecast issued on Aug. 12, based on field conditions as of Aug. 1. Any potential impacts from severe weather that occurred after Aug.1

ConMed to pay 3rd quarter dividend of 20 cents in early October
ConMed Corp. (NYSE: CNMD), a surgical-device maker founded in the Utica area, announced that its board of directors has declared a quarterly cash dividend of 20 cents a share for the third quarter. The dividend is payable on Oct. 5 to all shareholders of record as of Sept. 15. ConMed manufactures surgical devices and equipment for

New York manufacturing index reverses July’s gain in August
The Empire State Manufacturing Survey general business-conditions index fell 25 points to 18.3 in August. The decline nearly reversed the entire 26-point gain that the index — a monthly gauge on New York’s manufacturing sector — posted in July to reach a “record high.” The latest report also missed analysts’ expectations for a reading of 29.0, according
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.