PartsSource selected
3rd year by Team NEO
PartsSource in Aurora, the nation's leading supplier of replacement parts for hospital equipment, has won its third straight Team NEO award.
Team NEO recognizes the exceptional companies providing employee and revenue growth in Northern Ohio as the engines fueling the Cleveland area economy.
"Team NEO is an excellent example of what's right about Northern Ohio business," said PartsSource President-CEO A. Ray Dalton.
"It not only recognizes corporate achievement, it actively supports and facilitates it. To win three straight years is a clear indication of our sustained excellence in the marketplace."
PartsSource was ranked No. 1 in Northern Ohio in the Weatherhead 100 for 2006 and was placed on the Inc. Magazine 500 in 2006 and 2007.
Dalton earned the entrepreneur of the year award by accounting firm Ernst & Young in 2004 and has published an autobiography "Proceed with Confidence."
Howard Hanna volume
$1.5 billion in February
Howard Hanna Real Estate Services reports total volume of $1.3 billion for February, which includes written, listing and closed sales.
Closed, listing and written volume for Howard Hanna Smythe Cramer totaled $482.6 million. Closed volume was $110.2 million (585 units), written volume was $155.1 million (853 units) and listing volume was $217.2 million (951 units).
Closed volume is defined as property sold, listing volume is total price of properties listed and written volume reflects sales pending.
Total volume for the Eastern Region of Smythe Cramer, which includes the Aurora office, was $229 million (954 units). Aurora's volume was $17 million.
Leading the Aurora office in closed and written volume was Susan Elaine White.
A deal might be close
for Ravenna Aluminum
A deal could be on the horizon to fill the abandoned Ravenna Aluminum foundries and bring back at least some of the 461 positions after the company closed at the end of January.
In the five months since the company announced its closing, negotiations have come and gone with rumors circulating. There were deals pending even as the doors closed.
Kathleen DiFiori, who was the firm's sales program manager, is helping to negotiate the sale of assets in Ravenna and Rootstown, and said a deal is "coming close."
The company produced cast aluminum automobile engine products, primarily for Ford and its supplies.
DiFiori said there are three prospective buyers, and the one which finishes with the most assets will take possession of the company.
"It looks like we could have a buyer," said DiFiori. "Whether it will run operations, we don't know yet."
She said she has learned the buyer will qualify for the Trade Adjustment Act, meaning if the new owner keeps jobs here, employees can be retrained with federal assistance.
Mopar center will stay
open during shutdown
Many Chrysler plants and facilities will be shut down for two weeks in July, but Streetsboro's Mopar Distribution Center is not among them.
"Our plan is for the Mopar parts distribution centers to remain open," said Mopar spokesman Patti George-vich.
Georgevich said one option is keeping a minimal staff on hand at Mopar, which employs about 100, during the assembly line shutdown set for the weeks of July 7 and 14.
Since Mopar supplies parts for repair facilities and customers, Georgevich said it's important to keep the center open.
"Our repair business isn't going to stop because people are on vacation," she said. "We'll make sure there's no blip in supply."
Gas plan hearing set
The Public Utilities Commission of Ohio has scheduled a hearing in Cleveland on Dominion East Ohio Gas Co.'s plan to eliminate its existing gas cost recovery mechanism so gas is provided by competitive retail natural gas supplies. The hearing will take place April 3 at 12:30 p.m. at the rank J. Lausche State Office Building, 615 W. Superior Ave.