Buffalo Business Report - Tuesday, January 28th 2014
East Aurora's Astronics Corporation has confirmed its sixth acquisition since 2009. Irvine, California-based EADS North American’s Test and Services division has been purchased for a reported $53 million. Astronics has used these subsidiaries to support its mission to grow in the aerospace and defense industries. Business First reports Astronics shares have risen sharply over the past year to $61.77 from $18.40.
Citing steady growth, Saint-Gobain Corp. may add up to four machine operators this year at one of its 65-person Niagara Falls facilities.
Long-time agency principal Robert Travers will retire, effective February 1st. That has led to a restructuring and 6 layoffs at marketing communications firm Travers Collins.
The parent company of the Bank of Castile reported fourth quarter net income of $14.3 million. Earnings per share went from seventy-seven cents per share last year to ninety-six cents per share for the same quarter this year.