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Bank of Botetourt CEO retires after nearly four decades at bank
G. Lyn Hayth III will retire as CEO of the Buchanan-based Bank of Botetourt at the end of June after nearly four decades at the bank, according to a Wednesday announcement. Michelle R. Austin, the bank’s president and chief operating officer, will become CEO on July 1 and retain her role as president. After joining […]
Cooling equipment manufacturer plans $29.9M expansion in Botetourt
Munters, an air treatment and climate control solutions company with its global headquarters in Sweden, plans to invest $29.95 million on a 200,000-square-foot expansion of its HVAC manufacturing facility in Botetourt County, according to a Tuesday announcement by Gov. Glenn Youngkin. The new manufacturing facility, which will be devoted to data center cooling solutions, will […]
Va.’s first onshore wind farm sells power to Google
Even as political winds shift in Washington, D.C., a long-delayed onshore wind farm in Botetourt County might finally be sailing to completion. Charlottesville-based Apex Clean Energy announced in December 2024 that it has reached a deal for Google to purchase the full capacity of Rocky Forge Wind, a wind farm the Charlottesville company has been […]
Big tech company to buy power from Va.’s first onshore wind farm
Even as political winds shift in Washington, D.C., a long-delayed onshore wind farm in Botetourt County might finally be sailing to completion. Charlottesville-based Apex Clean Energy announced Wednesday that it has reached a deal for Google to purchase the full capacity of Rocky Forge Wind, a wind farm the Charlottesville company has been working to […]
Assembled with care
If you’re trying to visualize what powers manufacturing growth around Roanoke these days, picture 3D-printed helicopter blades and robotics, not old-style grommets. Also known as additive manufacturing, 3D printing produces objects by creating a series of consecutive layers, as opposed to “subtractive” manufacturing, which removes material to carve out an object. Advanced manufacturing c[...]
Trucking company plans $50 million Botetourt facility
Warren, Michigan-based Universal Logistics Holdings is planning a $50 million investment to expand into Botetourt County, a project that is expected to create 45 jobs, the trucking and logistics company announced in early January. The expansion will bolster the company’s heavy truck capabilities in servicing truck assembly operations, according to the company, which plans to […]
Top Five February 2024
The top five most-read daily news stories on VirginiaBusiness.com from Dec. 15, 2023, to Jan. 15 were led by the announcement that Fortune 500 IT company DXC Technology replaced its top executive. 1 | DXC Technology replaces Mike Salvino The Ashburn-based company replaced Salvino, its chairman, president and CEO, with interim President and […]
Trucking company plans $50M facility in Botetourt
Warren, Michigan-based Universal Logistics Holdings is planning a $50 million investment to expand into Botetourt County, a project that is expected to create 45 jobs, the trucking and logistics company announced Wednesday. The expansion will bolster the company’s heavy truck capabilities in servicing truck assembly operations, according to a news release. ULH will revamp a […]
Rocky Forge project faces stiff headwinds
Eight years after it was first proposed, Virginia’s first onshore wind farm remains grounded behind regulatory, legal and political obstacles. Charlottesville-based Apex Clean Energy first announced plans for its Rocky Forge wind farm in 2015. Apex aimed to have blades spinning by 2017 on 25, 550-foot-tall wind turbines on North Mountain, in a remote section […]
20-unit Daleville apartment complex sells for $2M
A 20-unit apartment community in Botetourt County sold Tuesday for more than $2 million. Located at 151 College Drive in Daleville, the property’s first buildings were built in the early 1900s as a school, which was later affiliated with Bridgewater College before closing in 1933, according to Cushman & Wakefield | Thalhimer. The Daleville College […]
Sweet valley high
For Paul Mahoney, chair of the Roanoke County Board of Supervisors, the past year has stood out for bringing an “explosion of development” to the county. Home improvement retailer Lowe’s Cos. Inc. opened a new distribution center. North American Specialty Laminations LLC established a mid-Atlantic production facility. And Würth Revcar Fasteners Inc. began work on […]
Hot times in cooling tech
As far as problems go, this was a good one to have. A year into his tenure as director of Virginia operations for Swedish manufacturer Munters Group AB, Brian Frost was seeing “explosive growth” in sales of data center cooling systems manufactured at the company’s facilities in Buena Vista and Natural Bridge. Cooling equipment keeps […]
