64 Worcester Business Journal • www.wbjournal.com
25 YEARS: IN REVIEW
Wegmans, the supermarket chain
based in Rochester, N.Y., plants its first
stake in Massachusetts when it opens
an anchor store at the new
Northborough Crossing shopping cen-
ter, near the junction of Routes 9 and
20, in October. Why Northborough?
"The demographics are good," with a
growing population, said Marybeth
Stewart, the company's human resourc-
es manager for New England. "There's
good regional access."
TJX Cos. of Framingham agrees in
March to buy the former Fidelity
Investments campus in Marlborough,
where it plans to locate 1,600 employ-
ees, including 75 new hires. The parent
of off-price retailers T.J. Maxx,
Marshalls and HomeGoods said it had
outgrown its longtime headquarters in
Framingham. Later in the year, it
bought the Framingham headquarters
for $117 million and secured tax breaks
to expand both sites.
Commerce Bank & Trust of
Worcester, looking to take on big
national and regional banks in
Massachusetts, announces in March
that it will expand to the east by buy-
ing Boston-based Mercantile Capital
Corp. and its subsidiary, Mercantile
Bank & Trust Co. The deal, worth
$26.5 million, is completed five
months later.
A meningitis outbreak that originated at
New England Compounding Center,
a compounding pharmacy in
Framingham, leads to more than 20
deaths nationwide and sickens hun-
dreds of others. The center is shut down
and its state license revoked after offi-
cials cite contaminated steroid shots as
the cause. An affiliated company,
Ameridose, of Westborough, temporari-
ly ceases operations while undergoing
federal inspection.
Nypro Inc. of Clinton announces in
February that it will be sold to Jabil
Circuit of St. Petersburg, Fla., for $665
million. The deal, which took effect in
July, gives Nypro a needed capital infu-
sion that was hard to get from its
employee stock ownership structure. By
the end of the year, Nypro will
announce that it would add 100 jobs in
Clinton, and would expand into
Devens, adding another 165 jobs.
2013
Wegmans in
Northborough
Nypro
Inc., of
Clinton,
was sold
in 2013.
2012
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