The retailer formerly known as Lumber Liquidators has found a buyer for its assets, a move that should allow one of its three Central Massachusetts locations to remain open.
The chief technology officer of Marlborough-based IPG Photonics Corp. is heading to retirement, as the company’s new CEO looks to overcome falling stock prices and global demand issues.
Platinum Fire was founded in 2010 by Robert Pereria, who built his career in fire protection systems. In the wake of the Great Recession, businesses started to reemerge, and construction became revitalized, opening the door for new structures in need of fire protection systems.
Marlborough-based IPG Photonics Corp., a global laser manufacturing company founded in a Moscow basement laboratory in 1990, has sold its remaining assets in Russia, citing the impact of ongoing sanctions related to the country’s invasion of Ukraine.