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joint venture

Altria's headquarters in Henrico County
Oct 27, 2022

Altria strikes $150M deal with Japan Tobacco

Altria Group Inc., the Henrico County-based tobacco giant, announced Thursday it is partnering with Japan Tobacco Group to sell heated tobacco products in the U.S. and worldwide, placing Altria in direct competition with Juul Labs Inc. and Philip Morris International Inc. The $150 million deal, in which Altria subsidiary Philip Morris USA has a 75% […]

Aug 10, 2022

Caesars ups Danville casino investment to $650M

Caesars Entertainment Inc. has once again upped its investment in the forthcoming Caesars Virginia casino and resort  in Danville, this time from $500 million to $650 million, while announcing Wednesday that the Eastern Band of Cherokee Indians is now a joint venture partner in the casino project. Plans for the casino include a 500-room hotel, […]

Workers broke ground in January 2022 on the planned $714 million Blue Star NBR medical glove manufacturing complex in Wythe County's Progress Park. Photo by Earl Neikirk.
Feb 10, 2022

$714M Wythe medical glove plant is solo venture now

Developers broke ground in January on the $714 million medical glove manufacturing complex planned for Wythe County’s Progress Park. Only now it may be a solo project, not a joint venture. In October 2021, then-Virginia Gov. Ralph Northam announced that Alexandria-based Blue Star NBR LLC was building manufacturing facilities to make nitrile butadiene rubber (NBR) […]

Jan 12, 2022

Recycling joint venture to create 210 jobs in Chesapeake

Two sustainable development companies — New Jersey-based Kamine Development Corp. and Minnesota-based Nicollet Industries LLC — will invest $267 million to establish a joint venture paperboard recycling and production facility in Chesapeake, a project expected to create 210 jobs, Gov. Ralph Northam announced Tuesday. The 335,000-square-foot Celadon Development Corp. facility will be at the Che[...]

Oct 1, 2021

Arlington joint venture secures $100M Army Corps of Engineers contract

An Arlington-based joint venture between Dallas-based Jacobs Engineering Group Inc. and Kansas-based Black & Veatch Holding Co. won a $100 million contract with the U.S. Army Corps of Engineers for work in Fort Meade, Maryland, the Department of Defense reported Wednesday. Under the firm-fixed-price contract, Jacobs/B&V will provide design and construction services for the completion [&hel[...]

Feb 16, 2021

Fairfax and Prince William federal contractors launch joint venture

Herndon-based systems integration company Tyto Athene LLC and Veterans First Initiative (VFI) LLC of Prince William County have launched a joint venture: Haymarket-based Optima Government Solutions LLC.  Optima will provide IT services including engineering and systems integration to the U.S. federal government and U.S. Department of Defense. The joint venture is a service-disabled veteran-owned[...]

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