SCORE names vice chairman
The Akron SCORE business counseling group announced that Daniel O’Connell has been elected vice chairman. He replaces Tom Duke, who recently was named chairman.
O’Connell has been a SCORE counselor since 2006. He retired as a financial adviser from Merrill Lynch and Co. after 30 years of service. He also was employed by Firestone Tire & Rubber Co. prior to Merrill Lynch.
He has been involved in community activities, including serving as president of the Akron Rotary Club and as vice chairman of Loyola Retreat House in Green.
Akron SCORE serves small and medium-sized businesses in Medina, Portage, Summit and Wayne counties. with one-on-one counseling and workshops to make their businesses more successful. There are 72 Akron SCORE counselors. For more information, go to www.akron.score.org or call 330-379-3163.
Stark firm wins safety grant
The Ohio Bureau of Workers’ Compensation announced it awarded safety intervention grants of more than $300,000 to 10 companies in August.
The grants included $27,200 to Stark Metal Sales Trucking in Stark County for the purchase of a rolling tarp system for use in covering large loads on tractor-trailers. Stark Metal Sales transports steel and metal products.
The state said private and public employers are eligible for the grants up to a maximum of $40,000. A 2-for-1 match program means the total could be $60,000 with $20,000 contributed by the employer.
Burger King restaurant sold
A Burger King restaurant at 4371 Portage St. NW, Jackson Township, has been sold by Carrol’s LLC and leased back in a deal with Poggio Darpi LLC of Forest Hills, N.Y.
The deal for the 3,545-square-foot facility was valued at $1.2 million in an announcement from Sabre Investment Group, of Garden City, N.Y. Carrol’s is based in Syracuse, N.Y.
Sephora comes to J.C. Penney
Beauty products retailer Sephora will open Friday inside the J.C. Penney store at the Market Square at Montrose.
Officials said the 1,700-square-foot location would include offerings of about 50 branded products. Hours will be 10 a.m.-9 p.m. Monday through Saturday and 11 a.m.-6 p.m. on Sundays.
Myers completes acquisition
Myers Industries Inc. of Akron, which makes plastic products for industrial, agricultural, automotive markets, said it completed its acquisition of Jamco Products Inc. Financial terms were not disclosed. Myers said Jamco’s annual sales total between $15 million and $18 million.
Jamco designs and manufactures industrial steel carts and safety cabinets. Myers said Jamco’s product lineup and relationships with industrial distributors complements its existing Akro-Mils business, whose products include plastic storage bins and metal carts. Jamco was founded in 1995 and has manufacturing facilities in South Beloit, Ill.
Magazine honors Goodyear
Goodyear Tire & Rubber Co.’s self-inflating tire technology was named a 2012 Breakthrough Award winner by Popular Mechanics magazine.
The Akron tire maker’s Air Maintenance Technology, which it is developing for consumer and truck tires, will be honored Thursday at a conference and awards event in New York City along with other award winners. Popular Mechanics will feature the winners in its November edition, which goes on sale Oct. 16.
The technology involves putting a small air pump inside a tire that is powered by the tire as it spins. The pump maintains optimum air pressure and helps vehicles get better gas mileage while also reducing wear and tear on the tires.
Information on winners can be found online at www.popularmechanics.com/breakthroughawards. This is the eighth year for the awards.
Save-A-Lot parent has suitors
Supervalu Inc., the U.S. grocery chain that’s examining strategic options, has attracted interest from billionaire Ronald Burkle and buyout firms KKR & Co. and TPG Capital, said people with knowledge of the matter. Burkle and the private-equity firms are reportedly looking at parts of Supervalu rather than the whole. Cerberus Capital Management LP also has looked at some of Supervalu’s assets, said one person. Supervalu would prefer a deal for the entire company and has extended its offer deadline past Oct. 15, the people said. The company is the parent of Save-A-Lot stores in Akron. The third-largest U.S. grocer has almost a dozen different retail banners, some pharmacies and a distribution business, and few bidders would want to keep all of them, the sources said.
Compiled from staff and wire reports