ON THE MOVE

Ravenna rubber company

announces two new hires

• ACE Products and Consulting in Ravenna has hired Dylan Bencze as a laboratory technician and John Oprian as facilities manager and maintenance specialist.

• Dr. Lisa Martorano has joined Akron Children’s Hospital as a pediatric allergist and immunologist in the Center for Allergy and Immunology.

UTILITIES

FirstEnergy Solutions plan

to settle bankruptcy OK'd

FirstEnergy Corp. on Wednesday announced that the bankruptcy court has approved the Akron-based utility’s definitive settlement agreement in the Chapter 11 proceedings of FirstEnergy Solutions, its subsidiaries and FirstEnergy Nuclear Operating Co.

Charles E. Jones, FirstEnergy’s president and chief executive officer, said the step allows the company to move forward with its plan to exit competitive markets and focus on growing its regulated businesses.

"With the court’s approval of this fair and equitable settlement agreement, we are looking forward to focusing on our distribution and transmission businesses and providing shareholders with stable, predictable growth," he said in a news release. "We believe this is an important milestone for our company, and our customers.”

The settlement agreement was filed with the bankruptcy court in late August and approved Tuesday.

GROCERIES

Aldi preparing to open

Green store next week

Aldi will celebrate the opening of its newest local supermarket with a ribbon-cutting ceremony at 8:25 a.m. Oct. 4 at 4055 Massillon Road in Green.

Shoppers can sample Aldi-exclusive brand foods and enter a sweepstakes for a chance to win a year’s supply of Aldi produce.

The new location is part of a $3.4 billion investment to expand to 2,500 stores nationwide by the end of 2022.

CANDY

Spangler reverses course,

acquires Necco Wafers line

In a reversal, Spangler Candy Co. said Monday that it has acquired the Necco Wafers and Sweethearts candy lines following a well-publicized bankruptcy by their original maker, the New England Confectionery Co., The Toledo Blade reported.

Spangler, which has roots in Akron and is now located in Bryan in northwestern Ohio, announced in June that it had acquired the two candy products but failed to complete its purchase. The properties later were sold to Round Hill Investments LLC, a Greenwich, Conn., investment firm owned by the family of billionaire Dean Metropoulos.

Round Hill renamed its acquisition Sweetheart Candy Co. LLC.

In announcing its acquisition, Spangler — the maker of the classic Dum-Dum lollipops, Circus Peanuts, and seasonal candy canes — did not disclose from whom it had purchased the candy lines or the purchase price.

 

Compiled from staff and wire reports.