Albemarle Corp., a Richmond-based manufacturer
of specialty chemicals, bought a South Haven, Mich. facility from DSM Pharmaceutical Products. Albemarle
plans to use the building to enhance its Fine Chemicals
Division and add DSM's active pharmaceutical ingredients
business to its own. (News
release)
Apptix, a provider
of software solutions for small and medium-sized businesses,
acquired Mi8 Corp. of New
York, to position itself as a major provider of messaging
and collaboration software to small and mid-sized businesses. (Business
Wire)
Cavalier Telephone, a Richmond
telecommunications company, bought Talk America,
a Reston-based telecommunications and Internet access
provider for $251 million. The deal will put Cavalier
in the Atlanta, Cleveland
and Detroit markets. No decisions have been on layoffs; the combined company
is expected to employ more than 2,000 workers. (Richmond
Times-Dispatch)
Highland Hospitality Corp., a McLean-based
lodging real estate investment trust (REIT), bought
the Ritz-Carlton Atlanta for $79.5 million. The facility
has 444 rooms in downtown Atlanta. (PRNewswire)
Smithfield
Foods Inc.,
a meat-processing firm headquartered in Smithfield,
bought Premium Standard Farms Inc. in a $674 million
cash and stock deal. Although Smithfield
has made numerous acquisitions during the past few
years, the company says integrating those acquisitions,
not new deals, is now its main focus. (Richmond
Times-Dispatch)
