Advance Auto Parts Inc.,
a Roanoke-based retailer of automotive parts and
accessories, acquired Lappen
Auto Supply Co.’s auto parts division. The cash deal
adds Lappen’s 19 parts stores in the Boston market
to Advance’s presence in the Northeast. Lappen retained
ownership of its garage equipment division, which serves
much of the Northeast. (Press release)
America Online Inc., a Dulles-based Internet
service provider, bought Wildseed Ltd., a Kirkland,
Wash.-based provider of wireless technologies. AOL
also formed a wireless division in the company to speed
development of mobile information and content delivery
services. (Press release)
Chesapeake Corp., a
Richmond-based specialty packaging company, bought
Arlington Press of Lake Success,
N.Y., for $65 million. Arlington Press is North America’s
leading supplier of printed leaflets, pressure-sensitive
labels and folding cartons for the pharmaceutical market. (PRNewswire)
PNC Financial Services Group of Pittsburgh has announced
plans to acquire Harris Williams & Co.,
a Richmond-based mergers and acquisition firm. Harris
Williams will retain its name. Terms of the deal were
not disclosed. Harris Williams, which has 110 employees,
was started in 1991 by H. Hiter Harris III and Chris
Williams. (Richmond Times-Dispatch)
