Central Mass In Review
TJX To Buy Back $1 Billion Of Stock
Discount apparel giant TJX Cos. of Framingham announced that its board of directors has approved a new repurchase program that authorizes the company to buy back up to $1 billion of TJX common stock. At current prices, the company said, the total buy back would represent approximately 7.5 percent of the company's outstanding common shares.
Framingham Engineering Co. Acquires Braintree Competitor
Tetra Tech Rizzo, a Framingham-based engineering company, has acquired Braintree-based engineering, planning and environmental firm Daylor Consulting Group. Tetra Tech Rizzo is a division of California-based Tetra Tech. Financial terms of the deal were not disclosed.
Moldflow Reports 4Q Gains
Framingham-based Moldflow Corp. reported fourth quarter net income of $3.76 million on revenue of $17.1 million. Fourth quarter net income increased from $1.78 million in the same period a year ago. Revenue was up 19 percent from the $14.2 million the company reported for the fourth quarter of 2006.
Moldflow develops software for the plastics manufacturing industry.
Holliston
Holliston Co. Adopts Rights Plan
Holliston-based Harvard Bioscience Inc. said it had adopted a shareholder rights plan. The company said the plan "enhances its ability to protect shareholder interests and ensures that shareholders receive fair treatment in the event of any coercive takeover attempt."
Marlborough
Evergreen Stock Offering Shrinks
Marlborough-based and Devens-bound Evergreen Solar Inc. said the volatile stock market has required the company to reduce the number of shares of common stock it's offering to the public from 20 million to 16 million. The stock is being offered at $9.50 per share. The company said it is reducing the size of the offering "to lessen the dilutive impact of the offering in light of market conditions."
Milford
Consigli Contracted For Cancer Center Addition
Milford-based Consigli Construction Co. Inc. has been chosen to build a 750-square-foot addition to the Hudner Oncology Center at Saint Anne's Hospital in Fall River. Consigli expects to complete the addition this summer and is working with Boston architecture firm TRO Jung/Brannen on the project.
Natick
Winter Cold Doesn't Stop Hot Sales At BJ's
Natick-based wholesale giant BJ's Wholesale Club Inc. said total sales in January rose 11.2 percent, from $586 million to $652 million, compared to January 2007. Same store sales for the month also rose considerably, up 7.8 percent, including a bump of 2.6 percent from the sale of gasoline at select locations.
Middlesex Savings Bank Named SBA Preferred Lender
Natick-based Middlesex Savings Bank has been designated an SBA preferred lender, allowing the bank to make small business loan decisions more rapidly, according to the Massachusetts office of the Small Business Administration. Under the SBA's Preferred Lenders Program (PLP), high-volume SBA lenders such as Middlesex Savings are delegated loan approval, closing and most servicing and liquidation authority, enabling them to make loan decisions faster. The PLP designation is the highest recognition a bank can receive from the SBA, according to the administration.
Southbridge
Laurel Ridge Apartments Fetch $4.9M
The 58-unit Laurel Ridge apartment complex at 55 Worcester St. in Southbridge has sold for $4.9 million.
The building was sold by New York-based Laurel Ridge LLC to Southbridge-area brothers Bill and Jim Gajewski, according to Chozick Realty, the Hartford, Conn.-based broker of the deal.
Sturbridge
OSV Claims Record January
Old Sturbridge Village reported that last month, it had its best January attendance in 10 years. January attendance at the recreated colonial village museum increased 23 percent to 4,016 over January 2007, and village administrators say the strong month could be an introduction to "one of our best years of the decade."
Worcester
Saint-Gobain Buys Pa.-based Moyco
Worcester's Saint-Gobain Abrasives said it had acquired Moyco Precision Abrasives Inc. of Montgomeryville, PA. Saint-Gobain said the purchase agreement was signed Jan. 31. Financial terms of the deal were not disclosed. Saint-Gobain said the acquisition would add to its product line for the automotive and other industries. Moyco makes coated abrasive products for lapping, grinding and polishing.
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