Thursday, September 14, 2000

Tristate Business Summary

Sovereign Specialty acquires Imperial

        Newport-based NS Group Inc., a maker of specialty steel products for the energy industry, Wednesday agreed to sell its Imperial Adhesives Inc. unit to closely held Sovereign Specialty Chemicals Inc. for $27 million.

        Sovereign Specialty, based in Chicago, said the acquisition, expected to close in the fourth quarter, will allow the company to benefit from Imperial's distribution system. Sovereign makes specialty adhesives and sealants for various industries.

Pomeroy wins three contracts

        Pomeroy Computer Resources Inc., the Hebron-based computer sales and services company, said Tuesday that it won three three-year government and education contracts expected to generate $47 million in revenues.

        The first, with the state of Alabama Higher Education Division, calls for the company's Pomeroy Select Integration Solutions to provide network design, consulting and support for Cisco networking software throughout the state's two- and four-year colleges. Revenues are estimated at $12 million from that contract.

        The state of Tennessee granted Pomeroy an exclusive contract to provide PCs and related services valued at $25 million. Pomeroy also said it won a third contract valued at $10 million from an unnamed Nashville, Tenn., university.

Ohio Web sites win awards

        Keithly Instruments of Cleveland is this year's winner of Ohio's Thomas Edison Award for technology leadership, Gov. Bob Taft said Wednesday.

        Seven other businesses from across the state were honored with “Emerging Technology Awards.” One winner was Internet startup PlanetFeedback of Cincinnati.

— From staff and wire reports


Butler might get Claiborne
Columbus bags new Saks store
Real estate company sold
Venerable banking firms' merger keeps up with times
Design companies merge into Fisher
Filing: P&G brand sales netted $419M
Industry notes: Commercial real estate
- Tristate Business Summary
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