February 2014 Archive

Ormet Is Looking to Sell Smelter

HANNIBAL – Several months after shuttering its local plant and almost one full year since it filed for bankruptcy, Ormet Corp. has announced the smelter plant and surrounding property – including land on which natural gas currently is being produced – is up for sale.

The company, in noting the plant’s assets for a potential new buyer, is touting the ability to restart each of its closed smelter’s six potlines independently, as well as expected natural gas royalties from the adjacent land.

Calibre Group, the company’s investment bank, already has begun to reach out to prospective purchasers and investors and is assisting Ormet with other strategic initiatives that may add value for a potential buyer.

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JobsOhio revitalization fund helps historic Chillicothe building

It’s official: Adena, Chesler Group commit to restoring Carlisle Building

After nearly 11 years and numerous stops and starts, the Carlisle Building — a downtown landmark since 1885 — will be renovated and occupied by Adena Health System.

Mark Shuter, Adena’s president and CEO, and Michael Chesler, the president of the Chesler Group, signed the lease paperwork for a 15-year period Thursday at the PACCAR Medical Education Center. Work on the $7 million project is scheduled to begin in April or May and should be completed in late 2015.

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