Tuesday, March 23, 1999
TRISTATE BUSINESS SUMMARY
TI Group Plc buys Tri-Manufacturing
TI Group Plc said Monday it has bought Tri-Manufacturing, a Terre Haute, Ind.-based maker of jet engine components, from General Electric Aircraft Engines for $58 million.
TI, based in Abingdon, England, is an engineering company with interests in seals and sealing systems, fluid carrying systems for refrigeration and aerospace systems and equipment. It had revenue of 2.17 billion pounds ($3.5 billion) in 1998.
In 1998, Tri-Manufacturing had sales of $64 million.
GE Aircraft Engines, based in Evendale, is a unit of industrial giant General Electric Co., based in Fairfield, Conn.
Self-checkout lanes at Thriftway store
Thriftway will introduce self-checkout lanes this week at its store in Harper's Point, 11390 Montgomery Road. It will be the third Thriftway store in Ohio to offer self-checkout lanes to customers as an option, said Winn-Dixie Stores, Thriftway's parent.
The system, designed and installed by Productivity Solutions Inc. of Jacksonville, Fla., allows customers to laser-scan merchandise that they put on a conveyor belt and then pay for the items at a cashier station.
Graduation Thursday in training program
An open house and graduation cerÅemony for 14 students completing the Manufacturing Pre-Employment Training program will be held at 5:30 p.m. Thursday at the Institute of Advanced Manufacturing Sciences in Bond Hill.
The tuition-free night school is designed to prepare students without previous manufacturing experience for jobs with local manufacturers. More than 100 have completed the 120 hours of training since the employer-funded program began a year ago.
To be considered for the next training session, which starts April 5, applicants must complete a battery of tests. A high school or General Educational Development diploma is required. Information: 786-6956.
Paragon to pay $115M to Kimberly-Clark
Paragon Trade Brands Inc. said Monday it has agreed to pay Kimberly-Clark Corp. $115 million to settle a patent dispute over disposable diapers.
The settlement, which is subject to bankruptcy court approval, resolves all of Kimberly-Clark's pending claims, according to Paragon, a Norcross, Ga.-based maker of disposable diapers.
Paragon, which was also sued by Cincinnati-based Procter & Gamble Co., sought Chapter 11 bankruptcy protection in January 1998 after a federal court ruled in favor of Procter & Gamble in a $2.3 billion patent-infringement suit against Paragon.
Both P&G, which makes Pampers and Luvs, and Kimberly-Clark, maker of Huggies, claimed that Paragon violated a variety of patents. At issue were special inner-leg gathers that prevent disposable diapers from leaking.
Feb. 2, Paragon said it had settled with P&G under terms similar to the Kimberly-Clark agreement.
Cabletron to close plant in Ironton
Cabletron Systems Inc., the No. 4 computer-networking company, Monday said it will close its Ironton, Ohio, plant after it contracted with Celestica Inc. of Toronto to manufacture its equipment. The southeast Ohio plant employs 300.
Local team makes millions with Web site
P&G put $1.72 billion into ads
YWCA tips hat to eight area women
Award one for the books
2 raise money for indoor fish farm in N.Ky.
U.S.-European trade war widens to treated beef
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