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Ascend Elements to recycle Korean manufacturer’s scrap

Westborough-based Ascend Elements, a lithium ion battery recycling and manufacturing company, was selected by SK Battery America, a Korean-owned motor vehicle manufacturer with a facility in Georgia, to recycle the company’s manufacturing scrap.

Medway-based IT firm sells HQ, turning $15M profit

Spencer Technologies, an IT service provider, has sold its Medway headquarters for $21.7 million where it will continue to operate as a tenant, according to JLL, the Chicago-based real estate firm whose Boston branch brokered the sale.

Car wash owner sells Marlborough, Shrewsbury locations for $4.8M

Local entrepreneur Kevin Labadini sold both of his car wash locations to a Canton-based car wash company, with the two sales totaling $4.75 million, according to the registries of deeds.

TJX divests $186M from Russian operations

The TJX Cos., Inc., the Framingham-based parent company of TJ Maxx and Marshalls, has divested from an apparel retailer with more than 400 stores in Russia.
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Movers & Shakers for March 7, 2022

Among the hires and promotions in this edition of Movers & Shakers are those at Fletcher Tilton, Open Sky Community Services, AXIOM Learning Solutions, and AAFCPAs.

🔒What’s on tap? Taproom sales key to local breweries’ survival

For the 48 Central Mass. breweries, the lockdowns changed consumer behavior with people now accustomed to consuming beers at home. The lack of taproom sales has forced breweries to close their doors.

Milford Regional Medical Center names new CFO, director of communications

The Milford Regional Medical Center named two new senior administrators overseeing finance and communications at the teaching hospital.

These Central Mass. companies received the most AG complaints in 2021

In 2021, consumers had the most complaints against Central Massachusetts utilities and auto dealers.
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Boston food tech firm to open lab in Northborough

Motif FoodWorks, a Boston-based food technology company, is constructing a research-and-market development center in Northborough.

Amazon 4-star shops in Natick and Millbury to close

Amazon 4-star stores located in the Natick Mall and The Shoppes at Blackstone Valley plaza in Millbury will close, along with almost all of Amazon’s physical stores, according to a report from Reuters Wednesday evening.
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