Thursday, October 04, 2001
Tristate Summary
Virginia company buys Viox Services
Viox Services Inc., a Reading building-and-construction management firm, has been acquired by Consolidated Engineering Services, an Arlington, Va.-based facilities-management firm which operates in 29 states.
Financial terms weren't disclosed, but the companies said Viox would retain its corporate identity and staff. Viox employs about 600 and listed revenues last year of $43.5 million.
Consolidated, which employs 3,400, is an affiliate of the publicly traded Charles E. Smith Residential Realty investment trust. Consolidated projects revenues this year of more than $350 million.
ZF Group N.A. names president
Bernd Habersack, a member of ZF Friedrichshafen AG's board of management, has been named president of ZF Group's North American Operations based in Florence.
Mr. Habersack, 58, who will continue to oversee ZF's chassis-technology division, succeeds James C. Orchard, who recently left ZF Group to become president of operations for Visteon Corp. in Dearborn, Mich.
Jim Stacey, 51, who was named chief operating officer for ZF's Lemforder Corp. earlier this year, will handle coordination of the ZF corporate offices in Florence and the company's technical center in Northville, Mich.
The ZF Group, a leading supplier of automotive driveline and chassis technology, operates 14 plants in North America and expects North American sales next year of more than $2 billion. ZF is also acquiring Sachs Automotive, which employs about 500 in Northern Kentucky.
— From staff reports
GE battered by airline downturn
GEAE to slash 4,000 jobs
Workers wait for word
Airlines suffering as safety is debated
Farms for fun
Chiquita's fine shows tough stance by SEC
Firstar tax deal to expand jobs
Morning Memo
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