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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Former NFL quarterback to discuss concussion therapy

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Jim McMahon, former National Football League quarterback with the Chicago Bears, is teaming up with Stamford Hospital, the Trauma Imaging Foundation, Dr. Scott Bender of the Connecticut Spine and Health Center and Dr. Scott Rosa, cranio-cervical specialists, to talk about the new Image Guided Atlas Treatment on Jan.16 from 6:30 to 8:30 p.m. at Chelsea […] [Read More]
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W.R. Berkley appoints vice president and senior counsel

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W.R. Berkley Corp., Greenwich-based insurance holding company, has appointed John Littzi as vice president and senior counsel, where he will be responsible for the legal aspects of business development transactions, alternative investments and general corporate matters. Littzi has more than 10 years of legal experience in the fields of mergers and acquisitions, investment management and […] [Read More]
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McCarter & English lawyers author book

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McCarter & English Business and Financial Services Litigation group partners Thomas J. Finn and Paula Cruz Cedillo have authored a new book entitled Connecticut Business Litigation, published by the Connecticut Law Tribune and American Lawyer Media. The book addresses significant business topics and issues that Connecticut commercial litigators could likely face and also serves as […] [Read More]
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Mederi Therapeutics closes funding of $18.5 million

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Mederi Therapeutics Inc., Greenwich-based manufacturer and marketer of medical devices that use radiofrequency energy to treat diseases of the digestive system, announced the closing on $18.5 million, comprised of Series B preferred stock and venture debt. Participating in this round were Acadia Woods Partners and Respiratory Diagnostics, a subsidiary of Bio-Rad Laboratories, as well as […] [Read More]
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Crane Co. completes acquisition of MEI

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Crane Co., Stamford-based diversified manufacturer of highly engineered industrial products, has completed the previously announced acquisition of MEI Conlux Holdings. Crane Co. will provide additional information concerning MEI on Jan. 27, 2014, in connection with its fourth quarter earnings release and on Feb. 27, 2014, during its Annual Investor Day Conference. Founded in 1855, Crane […] [Read More]
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Priceline.com introduces new iPhone app

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Priceline.com, Norwalk-based provider of mobile travel technology and part of The Priceline Group , launched a newly designed iPhone app for Apple’s latest iOS7 mobile operating system. The app, which is Passbook-enabled for hotels, lets travelers browse and book hotel rooms, rental cars and airline tickets, and can be downloaded for free from the iTunes […] [Read More]
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