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Manufacturing

IPG profits dropped to $55M in the third quarter

IPG Photonics, a global manufacturer of optical fiber lasers headquartered in Marlborough, on Tuesday reported $55 million in profits for its third quarter.

Millbury company leads 17 Central Mass. firms on Inc. 5000 fastest-growing list

Prime Power Rentals of Millbury led the Central Massachusetts contingency of the Inc. 5000, Inc. magazine’s annual list of the fastest-growing companies in the nation.

Following acquisition, United Medical Systems appoints new president

United Medical Systems, a Westborough-based provider of mobile urology services to hospitals, has named Matthew Gattuso as the company’s new president.

Mass. cannabis business coalition, including Athol firm, sue federal government

A coalition of cannabis businesses operating in Massachusetts have filed a lawsuit in federal court, hoping to convince the courts the Controlled Substances Act is unconstitutional when it is applied to state-legal cannabis businesses.
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🔒Charts: Industry GDP in Central Massachusetts and statewide

A breakdown of the Massachusetts and Greater Worcester real GDP by industry.

🔒Industry advocates seek to turn Central Mass. into a leader in bioindustrial engineering

Key players in the Central Mass. life science ecosystem are taking on a new initiative to help launch Worcester to the forefront of bioindustrial manufacturing.

Tree House Brewing expanding to New York

The growth of one of Massachusetts’ most well known craft beer companies continues, as Charlton-based Tree House Brewing plans on opening a location in New York.

Cataldo Ambulance to expand operations, buys property on Worcester’s West Side

Cataldo Ambulance Services, a business headquartered in Somerville, has purchased a 5,900-square foot building at 79 May St. in Worcester.
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Gardner packaging printing firm rebrands, sells building in sale-leaseback deal

Garlock Printing and Converting has rebranded itself as Garlock Flexibles and sold its 77 Industrial Rowe location in Gardner for $9.6 million to a Pennsylvania investment firm in a sale-leaseback deal.

Report: Mass. cannabis business ownership is less diverse than national average

A report conducted by cannabis industry trade publication Marijuana Business Daily has shown that Massachusetts marijuana business ownership has less racial and gender diversity than the national industry average.
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