Worcester Business Journal

6 Worcester Business Journal | April 2, 2018 | wbjournal.com Work on your company's team building and wellness goals at this fun, Thursday event. Enjoy post-race snacks and beverages and help raise funds for local food pantries, mental health hotline and children's literacy programs. HOW FIT IS YOUR COMPANY? M E T RO W E S T CO R P O R A T E Make sure to register your company team today! ONLINE REGISTRATION: UWOTC.ORG/CORP5K CONTACT CRISTINA BRENNAN AT CRISTINA.BRENNAN@UWOTC.ORG OR (508) 370-4826 Thursday, May 24, 2018 Start time: 6:30pm $30 per team member 1 Nicholas Rd. Framingham, MA Compete as a team in the Metrowest Corporate 5K run/walk! THURSDAY, MAY 24 Proud Sponsor of the United Way of Tri-County T H E T I C K E R $1 billion Amount toy manufacturer Isaac Larian wants to raise to purchase Toys "R" Us through bankruptcy. Source: GoFundMe Square footage of New England Treatment Access' medical marijuana grow facility in Franklin in which the company hopes to grow recreational cannabis 76,000 Source: New England Treatment Access $5.5 million Source: Massachusetts Attorney General's Office Fine to be paid by Walgreens for overcharging for prescription drugs to its employees, including out of its Worcester location. Amount three MetroWest communities received from a state grant to improve their downtown areas. $60,000 B R I E F S GateHouse Media to acquire Gardner News New York-based GateHouse Media, the owners of the Telegram & Gazette, Worcester Magazine and several other publications in Central Mass. and hun- dreds of newspapers across the country, is acquiring the Gardner News. The acquisition ends Gardner News' long history of independent ownership. The Bell family had owned the paper since 1963. Alberta Bell has been presi- dent of the company since 1992 after the death of her husband, Gordon Bell. Flying Rhino chef joins Canal District restaurant Chris O'Harra, former executive chef of the Flying Rhino on Shrewsbury Street in Worcester, has been hired by Maddi's Cookery and TapHouse, a new restaurant slated for Worcester's Canal District opening this spring. Maddi's is the second restaurant from Adam Hicks, owner of Milford comfort food eatery Depot Street Tavern. Hicks and O'Harra are multiple award win- ners at Worcester's Best Chef competi- tion, including the reigning People's Choice Award champions. Boston Scientific to buy Minnesota firm for $406M Marlborough-based Boston Scientific will spend up to $406 million for a Minnesota firm making a therapy device for men with prostate issues. NxThera has developed and com- mercialized a product called Rezum, meant to help men with an enlarged- prostate condition called benign pros- tatic hyperplasia, affecting 110 million men globally. The purchase includes a $306-million upfront payment and additional payments of as much as $100 million over the next four years. Athol bank supervisor charged with embezzling Jessica Vargas, who was promoted to branch supervisor at Athol Savings Bank uptown branch in May and has since left the company, is facing federal embezzlement charges after allegedly withdrawing more than $100,000 from customer accounts. An 88-year-old customer notified the bank of a $2,000 withdrawal made in December she did not remember mak- ing. Using video footage, the bank determined Vargas processed $108,171 in unauthorized withdrawal from vari- ous customer accounts from 2016-2017. Primetals leaving Worcester for Sutton More than a month after Sutton vot- ers approved a 15-year tax increment financing agreement, Worcester manu- facturer Primetals Technologies made its move to the town official. The $28-million facility at 85 Gilmore Drive off of Route 146 will house the company's steel mill equipment manu- facturing; research and development; engineering and sales operations. The company currently operates two facili- ties in Worcester: one at 40 Crescent Street and another at 50 Prescott St in Gateway Park. Both facilities will close. MassLive to open Worcester newsroom Online news organization MassLive is opening a Worcester newsroom and sales office in April, as the company pursues a growth strategy. The office will open at 10 Mechanic St., the home of Wells Fargo Advisors, Spectrum Health Systems and the Worcester office for the state Attorney General's Office. MassLive reporters now covering Worcester work remotely. Honey Farms leaves city after $39M purchase The convenience-store chain Honey Farms has moved its headquarters out of Worcester after being bought last year for $38.5-million by a Waltham company. Honey Farms had stayed family-run and locally run for decades, growing to more than 30 convenience store and gas station locations in Massachusetts and New Hampshire. That came to an end last October with a purchase by Global Partners, a public company with nearly 1,500 gas stations. Honey Farms has left its headquar- ters building at 505 Pleasant St., which is now for sale for $750,000. The sin- gle-story building includes about 6,200 square feet of space on less than half an acre just off of Park Avenue. Continued from previous page Source: Marlborough Community Development Authority Primetals Technologies' $28-million Sutton facility

• Cover