Selling a division for $125 million will help the Portland-based company pay down debt, while the merger with Distrivet of Spain will expand its Iberian operations.
maine businesses
Posted inBusiness, Local & State, News
China trade deal could help Maine lobster industry
The deal requires China to spend $32 billion over next 2 years on U.S. agricultural goods, which could include lobster.
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Posted inBusiness, Local & State, News
Portland-based R.M. Davis names new leadership team
The changes come after last fall’s retirement of the wealth management firm’s founder, Robert M. Davis.
Posted inBusiness, Local & State, News
Westbrook-based Idexx promotes 5 executives
The moves come 3 months after Jay Mazelsky was named president and CEO for the veterinary diagnostics company.
Posted inBusiness, Food
The Wrap: A new podcast, a new wine festival and 3 new restaurants
Also, a new owner for a popular Bar Harbor lobster pound and restaurant.
Posted inBusiness, Local & State, News
Southern Maine commission fills new sustainability post
Bowdoin College graduate Karina Graeter will help coastal towns tackle sea level rise and reduce greenhouse gas emissions.
Posted inBusiness, Local & State, News, Times Record
Freeport considers tax break for L.L. Bean headquarters expansion
The retailer is requesting a $10 million tax increment financing district that could help offset its future property tax costs and fund community projects.
Posted inBusiness, Local & State, News, Uncategorized
Portland-based Ocean Renewable Power Co. names new CEO
Company director Stuart Davies will become head of the renewable energy company following co-founder Chris Sauer’s retirement on Jan. 20.
Posted inBusiness, Local & State, News
CMP systems weren’t to blame for shocking bills, report says, but mismanagement led to errors
The Public Utilities Commission staff found CMP mismanaged the billing system’s rollout and it made several recommendations, including a rate hike for customers.
Posted inBusiness, Local & State, News
Feds award nearly $14 million in grants to fight homelessness in Maine
Some of the Housing and Urban Development funds also will be used to connect residents with affordable housing programs and services.