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Top story
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Sterilin bought by TFS
Sterilin, a Crumlin, South Wales company which makes plastic products for the medical and biotechnology sectors, has been acquired by Thermo Fisher Scientific (TFS) of the US. Laboratory supplies maker TFS bought Sterilin, with sales of £21m, from Nova Capital Management, a private equity investment firm.
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Deals
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Farm shop brings home bacon for expansion
The new owner of Min-Y-Morfa Farm Shop in Bodelwyddan, North Wales, has secured a refinancing package from Santander, part-backed by money from the European Investment Bank. The funding will be used to extend the existing farmhouse and to support the creation of a caravan site.
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Tal Goed reopens after refurb
Tal Goed Nurseries, a Conwy Valley-based wholesale and retail garden centre, has reopened after a HSBC-backed refurbishment.
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Private equity firms plot mass exit
Private equity firms are planning to exit a "dramatically higher proportion" of their portfolio investments this year than previously, according to a report by Grant Thornton.
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Companies
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Profits down at Dee Valley
Interest charges linked to its principal long term debt resulted in a £2.5m dip in pre-tax profit at Wrexham-based water company Dee Valley.
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G24i in Texas tie-up
G24 Innovations, the Cardiff-based solar cell technology company, has signed a development agreement with Texas Instruments (TI) to create a joint technology platform.
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Welsh hotspots highlighted by report
North Wales, Swansea and Cardiff have been identified as hubs in the renewables, writing on plastic materials and creative sectors by HSBC's 'The Future of Business' report. According to respondents to the bank's survey, Wales was also found to be least threatened by competition from the developing world.
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Synthite wary despite beating targets
Chemicals manufacturer Synthite is braced for a difficult 2011 despite experiencing an £18m leap in turnover in 2010. The Mold-headquartered business said it was "satisfied" with its performance in the year to 31 December 2010 when it exceeded its targets for turnover and profit.
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Property
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Campus up for sale as £40m project gears up
Coleg Morgannwg has appointed Savills to market its Rhydyfelin campus as it looks to move to a new £40m development.
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Government and politics
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Chambers welcome Huckle appointment
The chambers of Theodore Huckle have hailed his appointment as counsel general for the Welsh Government.
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