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Northeast Business Briefs - Jan. 2008
ALACHUA —
» Regeneration Technologies (Nasdaq-RTIX) and Tutogen Medical (Amex-TTG), two of the nation’s leading manufacturers of biological implants, are merging in a $263-million deal. Both Alachua-based companies make medical implants from human and animal tissues. The combined company will be the leading provider of the sterile implants globally. RTI Chairman and CEO Brian K. Hutchison will lead the new company. The transaction is expected to close in the first quarter of this year.
GAINESVILLE —
» Southern Archaeological Research received a five-year, $5-million contract from the Naval Facilities Engineering Command’s southeast division to conduct archaeology, architectural history and underwater archaeology on military bases across Florida, Georgia, Alabama, Louisiana, Texas, South Carolina, the Bahamas and the West Indies.
JACKSONVILLE —
» The Jacksonville & the Beaches Convention and Visitors Bureau launched a new tourism strategy that began with a name change, Visit Jacksonville. Future promotional emphasis will include medical tourism, meetings and special events and natural attraction vacation packages.
» The family of Trailer Bridge founder Malcolm McLean is putting its 47.8% stake in the Jacksonville-based marine-and truck-freight company up for sale. In a filing with the Securities and Exchange Commission, the sister and children of McLean, who died in 2001, said they have retained an investment adviser to consider a possible sale of their Trailer Bridge shares and also explore a sale of the entire company.
NASSAU COUNTY —
» First Coast Community Bank led Nassau County on the FDIC’s market share list for the fourth year in a row. The bank had $192.2 million in deposits, the highest in the county, and grew its market share to 22.36%.
