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Forbes Ranks Folcroft’s Scrub Daddy as Top Business from Shark Tank
According to a study conducted by Forbes writer Susan Adams, Scrub Daddy, the perfect helper for all kinds of cleaning tasks that is headquartered and packaged in Folcroft, is the most successful product in the history of ABC’s Shark Tank. Shark Tank is a reality show that first aired in 2009 and affords budding entrepreneurs…
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Partner Company of Radnor’s Safeguard Scientifics Set to be Acquired for $200 Million
Safeguard Scientifics, Inc. recently announced that its partner company (Putney, Inc.) signed an agreement to be acquired by Dechra Holdings US Inc. for $200 million in cash. Safeguard expects to receive aggregate initial cash proceeds of $58 million, which excludes an amount of additional proceeds to be held in escrow, representing an approximate 3.9 times cash-on-cash…
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Radnor’s eMoney Gets New CEO from Parent Company
Radnor’s eMoney Advisors, which has $1.7 trillion in assets on its platform, has named Edward O’Brien, the former senior vice president and head of platform technology for Fidelity Institutional, eMoney’s parent company, as its new CEO. According to a report from Financial Planning, an online resource for independent financial advisors, O’Brien has a long history…
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Baltimore-Based Novatec Opens Factory in Brookhaven
Baltimore’s Novatec Inc., the largest U.S.-based manufacturer of resin dryers for the plastics industry, recently opened a second factory, a 35,000-square-foot plant in an existing factory building in Brookhaven. Since it was acquired in 2006 by Conrad Bessemer and Steve Maguire, the founder and owner of Maguire Products Inc. in Aston, Novatec has grown to…
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Scientists from USDA’s Forest Service’s Research Station Honored for Bat Research
An innovative team of scientists that include researchers from the U.S. Department of Agriculture’s Forest Service’s Northern Research Station, the headquarters of which are located in Newtown Square, was recently honored for its work that is seeking to improve bats’ odds of surviving White-Nose Syndrome. The scientists investigated bats’ migratory patterns, habitat use, and ability…
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Boeing Secures Major Army Contract; Work to be Performed in Delco
Boeing – the world’s largest aerospace company and leading manufacturer of commercial jetliners and defense, space, and security systems – secured a major modification contract from the U.S. Army to revamp as well as deliver Chinook military airlift helicopters. According to a report on Nasdaq.com, the contract is worth $896.9 million, and will have Boeing…
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Sharon Hill Entrepreneur Helps Keep Black Dollars Within Black Community
Ahmir Young – a resident of Sharon Hill and the founder of Egrassroots, an online directory – is helping black consumers connect with the black-owned businesses near them. “It wasn’t supposed to be a business initially,” Young told Atlanta Black Star, an online journal that publishes empowering narratives for all people of African descent. “I…
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Self-Storage Facility Receives Approval in Concord
Metro Storage, which operates more than 100 self-storage properties in 12 states, received approval last week to build a new facility in Concord. The development will include a four-story, 117,828-square-foot building on a 3.7-acre parcel at Pyle Road and Route 202. The conditional-use permit was necessary because the building’s size and parking area exceed the…
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Radnor’s VWR Wins Prestigious Award for Performance in 2015
VWR – a leading independent provider of laboratory products, services, and solutions with headquarters in Radnor – is one of 26 companies to receive the Intel Corporation’s Preferred Quality Supplier (PQS) Award for performance in 2015. With sales in excess of $4.3 billion last year, VWR’s team of approximately 9,300 associates focus on supporting scientists, medical professionals,…
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The Roots of Penske Racing Extend Back to Delco
Roger Penske’s name is synonymous with auto racing. The 79-year-old, Lehigh-educated native of Ohio is the chief executive of an international automotive and transportation services empire with almost 50,000 employees, more than $25 billion in annual revenues, and a personal net worth estimated by Forbes at $1.4 billion. Penske is also America’s most successful racing…
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Politicians Laud Opening of Pipeline at Sunoco’s Marcus Hook Plant
Gov. Tom Wolf and other elected officials offered their praise, as the culmination of Sunoco Logistics’ Mariner East 1 project recently resulted in the first shipment of Marcellus Shale ethane from Western Pennsylvania to Europe via Marcus Hook. “The opening of the Mariner East pipeline represents a vital first step in redirecting Pennsylvania’s abundant natural…
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Newtown Square Child Defines Heroism
If only there were more people like Logan Mast in this world. As first reported in the Daily Times, the five-year-old native of Newtown Square can teach us a lesson or two about unselfishness. Mast wanted those attending his fourth birthday party to bring not presents for himself, but items or gift cards that he…
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Upper Darby Product in Line to Become CEO of Long Island Power Authority
Tom Falcone, the Long Island Power Authority’s finance chief who was raised in Upper Darby, is the recommendation of the utility’s personnel committee to become its next chief executive officer. The 37-year-old Falcone joined LIPA in January 2014 after being an investment banker at Morgan Stanley in Los Angeles. Last August, he was named chief…
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SNL Alum and Upper Darby Native Tina Fey Establishes Scholarship at Temple
From 69th Street to Rockefeller Plaza and Hollywood, Upper Darby native Tina Fey has never forgotten where she’s come from. According to the Philadelphia Business Journal, Fey and her brother Peter recently created a scholarship fund at Temple University in memory of their father, Donald Fey, a Temple alumnus who died in October. Tina – an…
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Media Ranks in 95th Percentile, Broomall 93rd in Money Management
It’s safe to say that if you live in Media or Broomall, you won’t be having any debt collectors knocking at your door in the near future. According to a recent study conducted by WalletHub – an online, industry-leading finance resource – Media ranks in the 95th percentile nationally in terms of its consumers’ ability…
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Exelon Closer to Obtaining Pepco in Multibillion-Dollar Transaction
Although there are other hurdles to clear, the Exelon Corporation recently took a big step toward creating one of the largest electric utility holding companies in the United States, writes Rebecca Smith of The Wall Street Journal. Exelon’s $6.8 billion acquisition of Pepco Holdings Inc. in August 2015 has since been contested by utility regulators for…
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