Rye's Jarden Acquires Yankee Candle for $1.75 Billion

PLUS: White Plains Hospital Receives $108 million in financing



Revolving Door

KUDOS

Super Lawyers, a rating service that evaluates lawyers in more than 70 practice areas, has cited three partners at Rye-based Dorf & Nelson LLP. Jon A. Dorf, Jonathan B. Nelson, and Daniel R. Alcott have all been recognized for their excellence and are included on the list of 2013 New York Metro Super Lawyers, an honor that is limited to only five percent of the attorneys in the state. Managing partner Jon A. Dorf was selected for primary practice work, Business/Corporate Law. Jonathan B. Nelson is being recognized for his Business Litigation, and Daniel R. Alcott is being acknowledged for his accomplishments in Non-Profit Law.

Jon A. Dorf

Jonathan B. Nelson

Daniel R. Alcott

NEW BUSINESSES, RELOCATIONS, OPERATIONS

The county’s Local Development Corporation (LDC) has approved a resolution giving White Plains Hospital access to $108 million in tax-exempt bond financing to construct a six-story patient care building, five new operating rooms and an expanded outpatient radiology center.

MVP Health Care® (MVP) and Hudson Health Plan (Hudson), two nationally-renowned not-for-profit health plans, have finalized the transaction combining their two organizations after receiving New York State Department of Health approval last week. The two companies together will serve approximately 733,000 members.

The House of Sports, an indoor sports complex, and the Business Council of Westchester, have partnered to form the Business Council of Westchester Corporate Athletic Leagues.  The goal of these leagues is to encourage fun and competitive athletic games, with the opportunity for industry professionals to socialize with coworkers and network with peers. Players are encouraged to form teams with co-workers, but individual player registration is also welcome. Leagues will start at the end of September or early October.

Grand Prix New York, the area’s leading indoor entertainment and team-building venue, will again expand on September 20. They’ll be opening the Art Garage, a new visual arts studio for children, teens, and adults. 

BIZ BUZZ: OUR BUSINESS BLOG

Rye's Jarden Acquires Yankee Candle for $1.75 Billion

Rye-based consumer products company Jarden expands its product offerings with the purchase of Yankee Candle for approximately $1.75 billion. The deal is expected to close early in the fourth quarter. Jarden's brands include Crock-Pot, Mr. Coffee, and Coleman camping gear, while Yankee Candle is best known for its range of  scented and seasonal candles and accessories. According to Yankee Candle President and CEO Harlan Kent, the buyout gives Yankee the resources and scale to strengthen its product development and distribution capabilities. 

The National Science Foundation will provide $1.4 million to support a new program at Mercy College in Dobbs Ferry. The Mercy Intensive STEM Teacher Initiative is a five-year program that provides scholarships for students training in teaching science, technology, engineering, and mathematics at the middle and high school levels.

According to the second quarter forecast of Westchester County Budget Director Lawrence Soule, the county is on target for meeting its 2013 budget goals. At the six-month mark, the budget shows a deficit of approximately 0.5%, or about $10 million, compared to a shortfall of $30 million at this time a year ago.

ContraFect Corp., the Yonkers-based biotechnology company that creates drug treatments for life-threatening infectious diseases, has raised $11.8 million in financing from privately placed convertible notes. Company officers had initially targeted $5 million in financing. The funds will be used to develop ContraFect’s most advanced product, CF-301, a new bacteria-infecting viral enzyme that targets Staphylococcus aureus, a blood-born infection that kills 30,000 people annually in the U.S.

HOT PROPERTIES - 914INC.'S COMMERCIAL REAL ESTATE SHOWCASE

Property: 2039 Palmer Avenue, Larchmont
Brokered by: Rakow Commercial Realty Group, Rick Rakow
(914) 422-0100 Ext: 10, rick@rakowgroup.com

Description: Attractive office/medical space.

Availability 3,700 sq ft of divisible space at $22 per sq ft per year.

Selling Points: Centrally located in the heart of Larchmont, this property offers a separate entrance and ample on-site parking. Walk to banks, shopping and train. Close to 1-95. The space additionally features its own HVAC controls.

Downside: Minimum divisibility 1,500 sq ft

914 DATEBOOK – UPCOMING BUSINESS EVENTS            

THURSDAY, 9/19/13

914 Inc. Magazine's Excellence in Small Business Awards

6 pm - 8 pm. 914INC. Magazine, a Westchester Magazine publication, is delighted to invite you to the first Annual Excellence in Small Business Awards Cocktail Party on September 19th at The Crowne Plaza in White Plains. 

In recognition of the vital role that small businesses play in the county’s economy (with about 95% of all county businesses having fewer than 50 employees),914INC. Magazine is honoring the success of these businesses, the entrepreneurial spirit of their owners, and those individuals and entities who support them in both word and deed. Get your tickets now HERE.

MONDAY, 9/25/13

How Web Video Can Market Your Business More Effectively

6 - 8 pm. Oppenheimer, 360 Hamilton Avenue, 9th Floor, White Plains. $20p/p. Hosted by Professional Women of Westchester, this event features guest speaker Susan Merlo, CEO and Founder of Next Level iMedia, who will discuss how web video makes it easier than ever before to not only convey your marketing message, but also to share it more often, and to a greater number of those people who are specifically looking for your services. PWW Members Only. Must pre-pay to attend at professionalwomenofwestchester.com.

SUNDAY, 9/29/13

Music Conservatory Announces Jazz Brunch in Rye

11 am. Jazz guitar virtuoso Howard Alden, whose music was featured prominently in Woody Allen’s Oscar-nominated Sweet and Lowdown, and renowned trumpeter Warren Vache will headline Music Conservatory of Westchester’s annual Jazz Brunch on Sunday, Sept. 29. For the third straight year, the event will be held at the Shenorock Shore Club in Rye. Proceeds will support MCW’s scholarship fund for music and music therapy students. MCW is a not-for-profit 501(c)(3) organization. For tickets or sponsorship information, visit jazzbrunchmcw13.eventbrite.com or contact info@musiced.org.

THURSDAY, 11/21/13

11 am - 2 pm, DoubleTree by Hilton Hotel, 455 South Broadway, Tarrytown, 10591. 914INC. Magazine, Westchester County's premier business quarterly, proudly celebrates Westchester's Most Accomplished Women in Business. Every year, our cover story for 914INC.'s Q4 (December) issue highlights the most enterprising and successful businesswomen in the county, and then we honor them at a special luncheon where you can meet them and learn from their successes.

Check the C-suites of the biggest businesses in the county, the halls of the highest levels of federal government, and the offices of the most innovative organizations in the area, and you’ll find these Westchester women at the helm. Get your tickets now.

Do you have tips, scoop, or gossip concerning business in Westchester? If so, our INComing blogger, Lisa Cesarano, is all ears. Please e-mail her with a short pitch to 914incoming@gmail.com.

Upcoming events should be submitted no later than Sunday, September 8th, to be considered for the September 17th edition. Please submit business-related events only; no fundraisers or consumer events.


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