Veritas Capital, the New York-based investment firm that own Sierra Research Inc., has agreed to acquire Advanced Technical Products Inc., a manufacturer of aircraft radar domes, for $14.50 per share in cash, or $135 million including debt.
ATP had sales in 1998 of $165 million and employs 1,600 at facilities in Marion, Va.; Lincoln, Neb.; Deland, Fla.; Edgewood, Md., and Glen Cove, N.Y.
ATP is the leading manufacturer of radomes for military aircraft and also is the leading manufacturer of chemical-agent detection equipment for the U.S. military.
Gulf well pays off for Seneca Resources
Seneca Resources Corp., the exploration and production subsidiary of National Fuel Gas Co., announced it has completed a successful well in its exploration of a Gulf of Mexico oil field.
The new well helps define the strike in an offshore area called the Vermilion Block 253.
The Houston-based company, owner of 50 percent interest, participated in the well drilled 15,634 feet deep. Development plans are currently under way, with initial production anticipated by the middle of year 2000, the company said.
Seneca's drilling program for the remainder of fiscal 1999 includes a nine-well development drilling program in California and the drilling of offshore wells utilizing two rigs under contract. Improvement in oil and gas prices has allowed Seneca to accelerate the projects, the company said.
Talking Phone Book improves Web site
Talking Phone Book has redesigned its Web site in an effort to better focus on the business, entertainment and personal information needs of local residents.
The site -- www.talkingphonebook.com -- has been revamped to include a local search engine for locating businesses and pinpointing information about sports and entertainment opportunities in the region. The site also includes national white pages, free E-mail, news, weather and information about investing.
The locally-based Talking Phone Book is family-owned and operated. A staff of 300 publishes 36 directories in the U.S. and Canada, including six directories in Western New York.
< Amherst Chamber seeks award nominees
The Amherst Chamber of Commerce is soliciting nominees for its annual Community Revitalization Award.
Individuals are invited to nominate businesses or residences that have improved Amherst's aesthetic beauty and environmental well-being over the past 24 months.
"This award is our way of acknowledging a business working toward the beautification and revitalization of Amherst," said Colleen DiPirro, the Chamber's president and CEO.
Nominations are due by Sept. 17 and should be sent to the Chamber at 325 Essjay Road, Suite 200, Williamsville, NY 14221. They can also be faxed by calling 632-0548. Award organizers request that "before" and "after" pictures be included with the nominations, if such photographs are available.
The winners will be honored at a dinner in November.
A $2 million order
JAMESTOWN -- Dawson Doors, a manufacturer of custom door and entrances, received a $2 million order for automatic sliding doors that will be used in the new people transportation system at the JFK Airport in New York City. The order was placed by Kaba Gilgen AG, fabricator of automatic hardware and electronic entry devices in Switzerland.