‘Coming Home’: Danish biotech giant Novo Nordisk puts down roots in West Lebanon
Dennis Clancy remembers June 30, 2014, very well. 9:35 a.m., to be exact. That’s when Clancy, a manufacturing technician at former Olympus Biotech in West Lebanon, got word that he was being laid off after 11 years with the company. Its Japanese owner, beset by an unrelated financial scandal, was exiting biotech to refocus on its core camera and microscope businesses. “I told my wife I was going to be home early that day,” Clancy...
Novo Nordisk Plans Growth in West Lebanon
Rufus Gifford, the U.S. ambassador to Denmark, addresses employees and guests at Novo Nordisk’s 170,000-square-foot facility in West Lebanon on Wednesday. In a news release, the Bagsvaerd, Denmark-based health care company said the event was designed to showcase its “commitment to maintaining a site in this rural community while ensuring a future medicines supply for serious diseases like hemophilia and growth disorders.” Novo Nordisk...
Route 12A RadioShack Closes
West Lebanon — The RadioShack store on Route 12A, a longtime presence on the West Lebanon commercial strip, closed for good last week, another victim of the Fort Worth, Texas-based company’s February 2015 bankruptcy. Last year, the electronics retail chain filed for bankruptcy and sold 1,700 of its stores to Standard General, a hedge fund that entered into a co-branding agreement with Sprint Corp. to sell the mobile phone provider’s...
Pizza Hut Joins 3 Other 12A Vacancies
West Lebanon — When the Pizza Hut in West Lebanon closed it doors suddenly last week, it joined at least three other prime commercial real estate locations along the Route 12A commercial strip that are looking for new tenants. The vacancies reflect the challenge of finding new tenants as both the retail and fast-food industries grapple with changes in consumer behavior, as well as financial pressures within the industries themselves,...
Business Notes: Sept. 20, 2015
Bradford, Vt. — Perry’s Oil Service, the long-time Main Street fuel oil, propane and appliance company which has been part of Bradford for 79 years, has been acquired by Osterman Propane LLC, a Massachusetts-based propane fuel distributor. Paul Perry, a principal in Perry’s Oil, confirmed the sale but declined further comment. Perry’s Oil dates back to 1926 when Paul Perry’s grandparents moved from Barre to Bradford and opened Perry’s...
