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Manufacturing

Metamagnetics founder takes on CEO role

Vince Harris, who founded Marlborough-based Metamagnetics Inc. in 2008, was named CEO of the company, adding to his role as chairman of the board of directors. Lee Burns was promoted to president and chief operating officer.

Precision Optics in Gardner names first ever COO

Precision Optics Corp., Inc., in Gardner announced the appointment of Mahesh Lawande in the newly created role of chief operating officer.

🔒Hard liquor: Central Mass. is riding the distillery wave

The next phase in the craft alcohol movement has arrived in Central Massachusetts.

🔒Largest VC deals in Central Mass. since 2018

The sciences companies in Central Massachusetts that received venture capital funding from 2018 to 2023.
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Building out a bioscience startup ecosystem

Space and cost issues have begun to creep into Cambridge and Boston, forcing companies, especially startups, to look outside of the Route 128 belt and increasingly more towards Central Massachusetts.

🔒Plenty of room: Central Mass. developers seek to lure life science companies westward

Developers and brokers are using multiple strategies to bring life sciences companies out past Route 128 in Massachusetts.

Sudbury solar installer closes $30M financing with Fidelity Bank for 16 projects

Sudbury-based commercial scale solar developer Gridwealth will build 16 new commercial-scale rooftop projects in Massachusetts and Rhode Island, after closing $30 million in financing from Fidelity Bank in Leominster.

Framingham “Shark Tank” company rebrands industrial division

DetraPel Inc. of Framingham has rebranded its industrial materials arm as Impermea Materials, which specializes in materials coating.
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Leominster manufacturer moving into newly leased Lancaster facility

F&M Tool & Die Inc. of Leominster will move into a new 23,390-square-foot manufacturing facility in Lancaster after agreeing to a lease for a building at 851 Sterling Road.

Manufacturer buys neighboring Leominster company’s soon-to-be-closed facility for $12.4M

The owners of New England Wire Products in Leominster have purchased two neighboring industrial buildings at 101 and 107 Scott Drive from Spectro Coating Corp., a flock manufacturer that stopped production in February.
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