Brynwood unit acquires SnackWell’s business

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Back to Nature Foods Co., a portfolio company of Brynwood Partners VI has acquired the SnackWell’s cookies and snacks business from Mondelçz Global. Terms and conditions of the transaction were not disclosed. Brynwood VI and Mondelçz Global formed the Back to Nature joint venture in 2012 through a structure, whereby Brynwood VI acquired operating control […] [Read More]
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GE produces new refrigerator at expanded Tennessee plant

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GE produces new refrigerator at expanded Tennessee plant General Electric has started production of the first new GE Monogram brand refrigerator product platform since 2001 at its plant in Selmer, Tenn. The new product is part of a $20 million investment in the Monogram Refrigeration production facility. Fairfield-based GE also announced the expansion of its […] [Read More]
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HMG Strategy closes 2013 with strong quarter

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HMG Strategy, Westport-based producer of chief information officer executive leadership summits in North America, reported a strong finish in the fourth quarter, setting new highs for attendance and thought-leadership in a continuing series of executive-level events for CIOs and information technology leaders. “HMG Strategy has built the strongest CIO/IT executive leadership community in North America […] [Read More]
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Stamford-based non-profit funds cancer gene therapy

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The Stamford-based Alliance for Cancer Gene Therapy has provided nearly $25 million in grants to fund gene and cell therapy research to doctors who have discovered that cancers can be treated using patients’ own cells as a weapon, and can eliminate the harrowing, often debilitating effects of chemotherapy, radiation and surgery. Pioneers like Dr. Carl […] [Read More]
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Independence Holding announces semi-annual cash dividend

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Independence Holding Co., Stamford-based insurance holding company, declared its semi-annual cash dividend of $0.035 per share of common stock, payable to stockholders of record on Jan. 6, 2014, with a payment date of Jan. 20, 2014. IHC is a holding company principally engaged in the life and health insurance business and the acquisition of blocks […] [Read More]
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Dominion begins commercial operations in Bridgeport

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Dominion has begun commercial operations at its Dominion Bridgeport fuel cell facility in Bridgeport and the Dominion Somers Solar Center in Somers. Together, the two facilities produce about 20 megawatts of clean energy, enough power for approximately 20,000 homes. “Dominion is pleased to be adding 20 megawatts of renewable energy in Connecticut to our existing […] [Read More]
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Greenwich private-equity firm Brynwood Partners announced Thursday night that it's selling DeMet's Candy Company to the Turkish holding company that owns the Godiva chocolate brand. The Stamford-based DeMet's will be sold for $221 million according to a deal signed by Brynwood and Yildiz Holdings, which is based in Istanbul. The transaction is expected to close in January 2014.

Greenwich PE firm sells Stamford candy business to Turkish company

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Greenwich private-equity firm Brynwood Partners has agreed to sell DeMet’s Candy Company to the Turkish holding company that owns the Godiva chocolate brand. Stamford-based DeMet’s will be sold for $221 million after a deal signed by Brynwood and Istanbul-based Yildiz Holdings. The transaction is expected to close in January 2014. DeMet’s is a leading manufacturer […] [Read More]
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Sikorsky helicopter flies on alcohol fuel blend

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The U.S. Army has flown a Sikorsky UH-60 Black Hawk helicopter on a 50/50 blend of ATJ-8 (Alcohol-to-Jet), developed by Gevo Inc., based in Englewood, Colo. Gevo, traded on the Nasdaq under the ticker symbol, “GEVO,” is the world’s only commercial producer of renewable isobutanol. The Black Hawk is manufactured by Stratford-based Sikorsky, a unit […] [Read More]
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