Thursday, July 06, 2000
Tristate Summary
P&G's Folgers to lower price
Cincinnati-based Procter & Gamble Co. said it will cut the price of its Folgers coffee to reflect the falling price of raw beans.
The recommended price of Folgers, the nation's best-selling brand of coffee, will drop 10 cents for a 13-ounce can of regular grind, to $2.05, effective Aug. 14, company spokeswoman Shanae Gibbs said.
The price of a 13-ounce can of decaffeinated Folgers coffee will fall 10 cents to $2.75, she said. It will be the third price cut this year and follows a 20-cent reduction that was effective May 22.
BICCGeneral buys Mexican firms
BICCGeneral, the Highland Heights cable and wire manufacturer, Wednesday said it agreed to buy the Telmag telecommunications and data cable business of AXA S.A., a Monterrey, Mexico, industrial consortium.
BICCGeneral agreed to buy Telmag, S.A. de C.V. and Telmag Internacional S.A. de C.V. Both businesses are in Tetla, Tlaxcala, Mexico. Completion of the sale is expected later this year.
BICCGeneral said the acquisition would give it additional telecommunications manufacturing capacity as well as a platform for expansion into Central and South America.
Pomeroy Computer acquires company
Hebron-based Pomeroy Computer Resources Inc. has expanded into the Minneapolis-St. Paul area with the acquisition of a computer network integration provider there.
Financial terms of the purchase of Datasource Hagen weren't disclosed.
— From staff
and wire reports
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