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W W W. M A I N E B I Z . B I Z 7 N OV E M B E R 1 6 , 2 0 1 5 about Feb. 26. Simon most recently served as executive vice president and chief fi nancial offi cer for the cosmetics company Revlon Inc. WEX President and CEO Melissa Smith said Simon's business acumen, international experi- ence and track record of supporting growth organically and through mergers and acquisitions position him well to help advance WEX's strategic priorities. e announcement comes less than a month after two major acquisitions by WEX. e corporate payment com- pany said last month that it had reached an agreement to acquire a fl eet card provider, Electronic Funds Source LLC, for about $1.1 billion in cash plus stock, its largest acquisition to date. at was less than two weeks after it announced it had reached an agreement to acquire Benaissance, a health care billing soft- ware fi rm in Nebraska, for $80 million. Martin's Point to close Bangor health-care center Portland-based Martin's Point Health Care plans to close its Bangor health- care center after serving patients there for more than 20 years. A Martin's Point spokesman confi rmed to the Bangor Daily News on Nov. 5 that the center on Mount Hope Avenue would be closing, but he didn't say when or how many employees and patients will be aff ected in Bangor, the only location north of Brunswick. It provides primary care and other health services to more than 70,000 patients throughout southern Maine, Bangor and Portsmouth, N.H. Martin's Point recently expanded in southern Maine, opening a $5 million facility in Gorham in 2014. And it said this summer that it hopes to open a health care center on the site of the for- mer Scarborough Commons to replace a location in South Portland's Knightville neighborhood. e closure won't impact the organization's other eight health- care centers in Biddeford, Brunswick, Gorham, Portland, South Portland, Falmouth and Portsmouth, N.H. e organization employs nearly 800 people. N O T E W O R T H Y S O U T H E R N Kids First Center, a nonprofi t in Portland that assists children and parents cope with the effects of separation and di- vorce on families, announced Executive Director Peg Libby will retire in June 2016 after 18 years of service. Iron Plane, an e-commerce and mobile applications developer in Portland, launched e-commerce sites rocky- mountainleaf.com and Boatlocker.com. Weyerhaeuser to buy Plum Creek for $8.4B Weyerhaeuser Co. announced Nov. 8 it will buy Plum Creek Timber Co. for $8.4 billion, an acquisition that will cre- ate the largest timber, land and forest products company in the United States with more than 13 million acres com- bined. Seattle-based Plum Creek, one of the top-fi ve landowners in Maine with 861,000 acres of timberland, owns and manages about 6 million acres in 19 states. e joint equity value for the combined companies would amount to $23 billion. It's big news for Maine's $8 billion forest products industry, which is tied to one in 20 jobs in Maine South Berwick gets 28-unit, affordable housing project for seniors — Lots of amenities nearby UMaine System moves toward purchasing more local food — A win-win for students and farmers alike Gifford's to expand ice cream production in Skowhegan — 'I scream, you scream, we all scream for ice cream' L.L. Bean names new president and CEO — Chris McCormick's successor has big boots to fill CEI awarded $800,000 grant to support revolving loan for Maine's rural counties — Uncle Sam provides a helping hand Maine plans to eliminate down- town CDBG funds to combat crime — 'Robbing Peter to pay Paul,' a shortsighted policy Claims against Nova Star top $1.6 million — At least the ship's not sinking Proposed funding for Navy destroyer reduced — $150 mil- lion isn't exactly small change State seeking private contractor to operate Casco Bay Bridge — How long before there's a toll? Hollywood Casino fighting with city of Bangor over tax valuation — High stakes roll of the dice choosingmemic. Since 1998, MEMIC has returned nearly $200 million to our Maine-based policyholders in the form of dividends and returned capital. Our record $18 million 2015 dividend returns the equivalent of more than 14 percent of policyholder premiums. For superior workplace safety resources and the best claims service, make the right choice—make sure you're one of the more than 18,000 Maine employers choosing MEMIC. There are millions of reasons MEMIC is Maine's leading workers' comp insurer. Talk to your agent or go to www.memic.com. C E N T R A L & W E S T E R N

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