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Business news notebook — Nov. 10

COMPANIES

Huntington Bank

The bank said that for the third consecutive year it was ranked the nation’s third-largest lender in the number of “7(a)” loans backed by the U.S. Small Business Administration (SBA). During fiscal year 2013, Huntington increased its loans by 20 percent, it said. Huntington had 3,062 7(a) loans totaling $465 million.

FirstEnergy Corp.

The company announced that president and chief executive officer Anthony J. Alexander will make a presentation to investors at 10:30 a.m. Tuesday. A live webcast can be seen online at www.firstenergycorp.com/ir. Go to the Edison Electric Institute Financial Conference link. Slides to be shown Tuesday are to be available for viewing today.

Roetzel

The Akron-based law firm said it was included in the 2013-14 Best Law Firms list published by U.S. News & World Report magazine. Roetzel said it received Tier 3 national rankings in financial services regulation law, litigation-antitrust, litigation-construction, transportation law and commercial litigation. The rankings are based primarily on client surveys and peer evaluations. Roetzel said it achieved Tier 1 metropolitan rankings in 26 additional practice areas.

FirstMerit Corp.

The Akron-based bank said it was nationally recognized by American Bankers Association with a Community Commitment Award in the affordable housing category. The award was for the Moon-Mallison Homes development, 30 single-family homes in Akron.

PPG Industries Inc.

The Barberton operation of the company said it will receive a 2013 Medical Mutual Pillar Award for community service on Dec. 3, marking the fifth time. The previous honors were in 1998, 2004, 2005 and 2008. The award is for volunteerism by employees and providing financial support through PPG’s foundation grant incentives program. PPG said the foundation provides scholarships to students of Barberton and Norton high schools and other grants have benefited the University of Akron’s Women in Engineering program and programs at Barberton Middle School, United Way, Stark State, United Disability Services and the Akron-Canton Regional Foodbank. The award was developed by Smart Business and Medical Mutual.

Flack Steel

Flack Steel announced that it will merge with GlobeNet Metals to create a $200-million steel service business to serve the global steel market. Flack Steel’s headquarters will remain in Cleveland and the company will retain GlobeNet’s Scottsdale, Ariz., office. Flack Steel, founded in Cleveland by Jeremy Flack in 2010, distributes hot-rolled, cold-rolled, galvanized and painted sheet products. The company also provides derivatives. GlobeNet Metals, founded 13 years ago by Ben Bucci, provides similar steel products to its industrial manufacturing customers.

Brouse McDowell

The law firm said it was included in the 2014 “Best Law Firms” rankings published in U.S. News & World Report. The firm received the Metropolitan Tier 1 rankings in eight practice areas. Brouse McDowell received the Metropolitan Tier 1 rankings in Akron for banking and finance law, bankruptcy and creditor debtor rights/insolvency and reorganization law, corporate law, health-care law, insurance law, litigation–bankruptcy, and trusts & estates law. The firm also received Metropolitan Tier 1 rankings in Cleveland for corporate law, Tier 2 rankings for environmental law and insurance law, and Metropolitan Tier 3 rankings for commercial litigation and litigation–environmental.

Lauren International Ltd.

The New Philadelphia-based company’s Lauren Plastics LLC division said it acquired ISO-Trude Inc. of Spring Lake, Mich., a plastics extrusion and engineering company. Terms were not disclosed. ISO-Trude has specialized in tubing extrusions for customers for 20 years. Lauren, headed by CEO Kevin Gray, has divisions in manufacturing, agrisystems, custom mixing, plastics, illumination and other operations.

OPENINGS

3-D Business Accelerator

The entrepreneurial resource center announced its opening at 4652 Belden Village St. NW, Jackson Township. 3-D Business Accelerator said it promotes business growth through offering resources for improving efficiency and effectiveness.



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