News
Perrigo Company (Nasdaq: PRGO;TASE) has announced that it has signed a definitive merger agreement to acquire PBM Holdings, Inc. (PBM), the leading store-brand infant formula manufacturer, for approximately $808 million in cash. PBM has a manufacturing plant in Georgia, Vermont, where it employees about 300. Employment is not expected to be effected.
The Vermont Department of Labor announced today that the seasonally adjusted unemployment rate for February 2010 was 6.6 percent, down one tenth of a point from the revised January rate and down one tenth of a point from a year ago.
On March 23rd, the Vermont House of Representatives approved a broadly supported bill that would provide free and convenient recycling of electronic waste to residents, charities, schools, and small businesses in the state.
Governor Jim Douglas highlighted three clean air initiatives at his weekly press conference. The Agency of Natural Resources (ANR) is undertaking an Outdoor Wood-Fire Boiler (OWB) change out program, a Diesel School Bus Replacement Project and a demonstration project to upgrade diesel engines at sawmills.
Northeast Energy Efficiency Partnerships (NEEP) is recognizing 13 regional organizations as ‘Business Leaders for Energy Efficiency’ for their outstanding efforts to advance energy efficiency at the Northeast Energy Efficiency Summit in Boston, MA on March 31.
Geoffrey R. Hesslink, Senior Lender and Senior Vice President of Merchants Bank, announced the appointment of Reginald E. Greene to Senior Vice President and Regional Manager of Corporate Banking for Merchants Bank. Reggie’s primary responsibility will be to manage a lending team in the southern region in addition to corporate banking accounts throughout the state.
A $6,000 donation from KeyBank is going to help the American Red Cross provide emergency services in Haiti and here in Vermont.“Efforts to help feed and shelter the earthquake victims continue, and we’re pleased to be able to support the work of the American Red Cross in Haiti,” said Scott Carpenter, President of KeyBank’s Vermont District.
Central Vermont Public Service is offering a $1,000 reward for information that leads to the arrest and prosecution of someone who cut their way into a Bennington substation and cut out copper ground wire.
The Town of Hartford now has a state-designated Growth Center, a move that will help streamline permitting for future development and pave the way for additional benefits to support development in the town.
The Vermont Agency of Agriculture announced this week that it will discontinue its Vermont Seal of Quality program. Agriview, a newsletter published by the Agency of Agriculture, stated that since the 1990s, budget and staffing issues at the Agency have resulted in a lack of quality standards enforced on products which bear the seal.
Michelle Kwan, the most decorated figure skater in US history (five World Championships, nine US National titles, two Olympic medals), who is also an author and US diplomatic envoy, will add doctor to her already impressive resume, when she receives an honorary Doctor of Humane Letters at Southern Vermont College’s 83rd Commencement Exercises on Saturday, May 8.
A $2.5 million federal Stimulus Grant from the federal Agency of Commerce, announced today, completes the funding to launch the $3.8 million e-Vermont Community Broadband Project. This major campaign to stimulate broadband use in 24 Vermont towns will be produced by a partnership of organizations dedicated to expanding broadband access and its practical use.