Hartford Business Journal

Economic Forecast 2014

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www.HartfordBusiness.com December 22, 2014 • Hartford Business Journal 35 Industry Focus E c o n o m i c F o r E c a s t Based in Berwyn, Pa., Ametek had 2013 sales of $3.6 billion for its electronic and electro-mechanical devices. Zygo got its start in 1970, when three former engineers at Perkin-Elmer Corp. in Norwalk refined and marketed technology for measuring the smoothness of metal, glass and other surfaces. september 25 Pratt-powered Airbus A320neo takes maiden flight Airbus said it completed in September its first test flight of its A320neo plane, which contains Pratt & Whitney engines and UTC Aerospace Systems wheels, brakes, thrust reverses and other parts. The flight, which took place in France, kicks off a 3,000-hour testing process, Airbus said. The aircraft maker said it has more than 3,200 orders for the 189-passenger planes. Buyers have the option of choosing Pratt's PW1100G-JM turbofan engine or CFM International's LEAP-1A turbofan engine. august 19 S. Windsor manufacturer gets FDA clearance for facial implant South Windsor's Oxford Performance Materials said it has received clearance from the U.S. Food and Drug Administration to market its 3D printed facial implant. The implant can be custom-printed for each transplant patient using MRI or CT scan images. OPM prints the implants using its proprietary powder formulation, which are similar to bone and support bone attachment. OPM received similar approval early last year for a cranial implant. The company said that the two implants could be combined into one for certain complicated cases. Biomet Inc. will be the exclusive global distributor for the new implant. Biomet also distributes the cranial implants. april 14 newington manufacturer sold for $62M North Carolina's SPX Corp. said it has sold its Precision Components business unit for $62 million. The buyers of the aerospace and defense manufacturer are New Canaan's RFE Investment Partners and 24/6 Capital Partners, based in Brookline, Mass. They will operate the business as PCX Aerostructures, which will be led by CEO Alan Haase. Precision Components is headquartered on Fenn Road in Newington, and has additional locations in Ronkonkoma and Farmingdale, N.Y. SPX, which trades on the New York Stock Exchange, acquired the company, previously known as Fenn Technologies, in 2001. march 17 Direct mail giant leaving Windsor, 65 jobs affected Valassis Communications, a marketing and direct-mail provider headquartered in Michigan, closed its Windsor manufacturing branch in May. The closure of the 235 Great Pond Drive facility impacted 65 employees repre- sented by the Amalgamated Lithographers Union. The majority of the jobs being cut are operators and production crew leaders, according to a Warn Act notice the company filed with the state. The closure follows San Antonio, Texas-based Harland Clarke Holdings Corp.'s Feb. 4 acquisition of Valassis, which took the company private. July 17 Windsor auto parts maker names new Ceo Windsor auto parts manufacturer Stanadyne named a new CEO in July, after the company's former chief took a smaller leadership position nine months into the job. David Galuska took over as CEO of the fuel injection system manufacturer, after joining Stanadyne in 2012 as its chief operating officer. Prior to working for Stana- dyne, Galuska held various positions with Hartford conglomerate United Technolo- gies Corp. for 33 years. Galuska replaces Robert Isaman. Isaman played key roles in the selling of the company's water filtration division and developing its plan to expand in the fuel- injection market. Isaman will become executive chairman of the Stanadyne board of directors. Stanadyne also promoted John Pinson to president of the company. Pinson joined Stanadyne in 2009 as the company's vice president and chief technical officer. Zygo's headquarters in Middlefield. Scott Defelice, Ceo of oxford Performance Materials, shows the cranial implant developed by his company. (From left) David Galuska, Ceo of Stanadyne; John Pinson, company president; and Robert Isaman, executive chairman. P H O T O | H B J F i l e P H O T O | H B J F i l e P H O T O | H B J F i l e

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