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Manufacturing

Former Franklin manufacturing CFO pleads guilty to embezzling $800K

The former chief financial officer of a Franklin precision metal fabrication company has pleaded guilty in federal court to defrauding the company and embezzling more than $800,000.

Insulet records first profitable year with 22% revenue growth

Acton insulin pump manufacturer Insulet has reached profitability for the first year in the company's history, reporting $3.3 million in net income as revenues increased 22 percent in 2018.

Worcester marijuana patch maker inks Canadian deal

A Worcester manufacturer of skin cannabis patches has signed an international license agreement with a Canadian marijuana firm.

LakePharma launches gene therapy facility at Gateway Park

California biologics company LakePharma has launched a viral vector facility in its Gateway Park operations on Worcester Polytechnic Institute's campus.
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Saint-Gobain names new North America CEO

French building material manufacturer Saint-Gobain, with a large presence in Worcester, has named a new North America CEO who once oversaw operations in the city.

Aspen Aerogels lost $34.4M in 2018

Northborough manufacturer of aerogel material Aspen Aerogels lost $34.4 million in 2018, an increase of 44 percent compared to its loss the year before.

Ill. manufacturer to lay off 52 employees in Westminster

More than 50 employees could be losing their jobs at the Westminster facility of an Illinois-based manufacturer.

Polar, Harpoon to produce hard seltzer

Harpoon Brewery in Boston is partnering once again with Worcester drink manufacturer Polar Beverages, this time for a line of hard seltzers.
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Boston Scientific plans $4.3B offering for British acquisition

Marlborough medtech Boston Scientific is hoping to use a portion of the proceeds from a $4.3-billion offering of senior notes to fund its planned acquisition of U.K. cancer and vascular disease firm BTG.

Worcester pot retailer Good Chemistry up for final state approval Thursday

Good Chemistry, Worcester's first medical marijuana dispensary, could be the city's first to open for recreational sales if it receives state approval.
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