Central Mass. South

IPG Photonics has purchased nearly 112,000 square feet of flex space in Marlborough's Cedar Hill Business Park for $6.79 million.

After almost 42 years with the company, Southbridge Savings Bank President & CEO Philip Pettinelli will retire May 13, the bank announced Thursday.

Southbridge Savings Bank will fund the continued preservation and care of the Blacksmith Shop at Old Sturbridge Village (OSV) through the museum's Adopt-a-Building program, OSV announced.

Spencer-based FLEXCon has expanded its operations in Hong Kong to include product manufacturing, finishing and warehousing work, the company announced Monday.

The Worcester Business Development Corp. said two companies establishing operations in Central Massachusetts have taken out nearly $1.8 million in loans from the agency.

Nichols College in Dudley will build a 27,500-square-foot academic building and finance other improvements, thanks to $20 million in tax-exempt bonds issued by MassDevelopment, the state's finance and development agency.

Spencer-based FLEXCon has expanded its product labeling line to help customers comply with new standards, the company announced Wednesday.

Construction has begun at a new shopping center on Route 12 in Webster, according to the New England Real Estate Journal (NEREJ).

Old Sturbridge Village voted unanimously to extend the contract of president and CEO James Donahue through June 2017, the museum announced Wednesday.

The Shaw's supermarket on Worcester Road in Webster will close due to underperformance, the company announced.