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The town manager of Southington says management at the soon-to-be shuttered Rex Forge manufacturing plant has yet to be in touch to discuss the future of the site.
“Really, the challenge of this business is every time we take on a project we’re creating something that’s essentially never been done,” said Ryan Lombardini, the president and part-owner of Windsor’s JT Automation.
Stanley Black & Decker is continuing to cut costs across its business, saying it still intends to hit $2 billion in total savings by the end of 2025.
A manufacturer that has been a fixture in Southington for almost 160 years is to close its Plantsville facility, with the loss of 103 jobs, after it was dropped by a key customer.
The president of Electric Boat says he’s continuing to monitor the situation on tariffs, but he believes any trade sanctions will not have an immediate effect on the submarine builder.
Hearst Connecticut Media Group will close on its acquisition of the Republican-American and Sunday Republican on Wednesday, the last day Waterbury’s daily newspaper will publish under the Pape family’s ownership.
Former RTX CEO Gregory Hayes will step down as chairman of the company and also leave the board, according to an announcement from the parent of East Hartford jet engine maker Pratt & Whitney.
The Air Force has increased funding for Pratt & Whitney’s prototype engine for the next generation fighter jet program.
A Manchester building hosting an arm of international manufacturing outfit Flex Ltd. recently sold for $6.42 million.
Pratt & Whitney’s parent company Raytheon says it hopes to be able to wrap up the financial impact of repair issues with the troubled geared turbofan engine in 2026.
It’s official, one of the most recognizable names in Connecticut manufacturing, Barnes Group, has been acquired by private equity firm Apollo Global Management in a $3.6 billion deal.
Ulbrich Stainless Steels & Special Metals, a North Haven-based supplier to the aerospace, automotive and medical industries, has passed to its fourth generation of family leadership.
“We’re looking to expand our footprint in Connecticut a lot over the next coming years,” Lou Melluzzo said as he surveyed the busy shop floor at Sterling Engineering in Barkhamsted.
Wallingford-based Amphenol Corp. says it will continue its string of acquisitions in 2025, after recording strong sales growth last year.
A New Britain-based printing company has installed a 227-kilowatt solar array with help from the state’s Commercial Property Assessed Clean Energy (C-PACE) program.
Southport-based firearms manufacturer Sturm, Ruger & Co. Inc. announced Friday morning that it has appointed Todd W. Seyfert as its next president and CEO, effective March 1.
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State officials are exploring the possibility of seeking a waiver from the Jones Act as part of an effort to lower electricity prices in Connecticut.
The century old federal law blocks foreign-flagged ships from moving goods between U.S. ports.
The Jones Act has long been criticized for the significant costs it imposes on the U.S. economy, but recently came to the forefront as one of the factors driving up New England’s energy costs.
Experts believe the law increases the costs of foreign-imported liquified natural gas (LNG) by 10% to 30%.
Gov. Ned Lamont highlighted the issue in his State of the State Address on Jan. 8, saying: “Hey Congress, rethink the Jones Act.” In the state legislature, Rep. Chris Rosario (D-Bridgeport) has proposed legislation that requests Congress to amend the Jones Act.
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The Hartford Business Journal 2025 Charity Event Guide is the annual resource publication highlighting the top charity events in 2025.
Hartford Business Journal provides the top coverage of news, trends, data, politics and personalities of the area’s business community. Get the news and information you need from the award-winning writers at HBJ. Don’t miss out - subscribe today.
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