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This week in The Enterprise
Tuesday, May 30, 2017 
Huntsman to merge with Swiss chemical firm in $14 billion deal
By John RogersChemical manufacturing giant Huntman Corp., majority-owned by Utah's Huntsman family, has announced a merger with Switzerland’s Clariant AG. The new entity will have a market value of more than $14 billion and when debt is included, the value climbs to ar...
Point of the Mountain planning moves to Phase 2
By Brice WallaceThe future development of the Point of the Mountain area, including the Utah State Prison site, has advanced to a new phase.The Point of the Mountain Development Commission recently released a report by Envision Utah summarizing the first phase of the process, whi...
Unemployed rate holds steady as new jobs created
Utah’s unemployment rate held steady in April at 3.1 percent with about 49,200 Utahns out looking for jobs. By comparison, the national rate decreased one-tenth of a percentage point to 4.4 percent.Utah’s nonfarm payroll employment for April 2017 grew by an estimated ...
Equity firm buys Nutraceutical
Park City’s Nutraceutical International Corp. has been acquired by HGGC LLC, a middle-market private equity firm based in Palo Alto, California. The transaction is valued at approximately $446 million, including debt to be refinanced, according to a release from HGGC. ...
Young Living breaks ground for HQ, acquires Idaho firm
Young Living, a marketer of essential oils, has broken ground on its new 263,000-square-foot global headquarters in Lehi, the company said in a release. The five-story building will offer work space for nearly 1,000 employees and will sit on about 27 acres which includes 3.6 acre...
Clark, Neeleman and Wilson join GOED board for four-year terms
The Governor’s Office of Economic Development (GOED) board has three new members.Carine Clark, Dr. Steve Neeleman and Ted Wilson recently had their appointments confirmed by the Utah Senate and will be sworn in at the board’s next meeting June 8.“The newly appoi...
SealMaster brings manufacturing, distribution to Utah
SealMaster, a leading global supplier of pavement maintenance supplies and equipment, has opened a manufacturing plant, distribution center and retail showroom in West Valley City.The Utah location is owner Lyle Moody’s second SealMaster franchise. He has owned SealMaster i...
Outdoor clothing company moves to SLC
Wild Tribute, an outdoor clothing company, has moved its headquarters from Kentucky to Salt Lake City.The move was prompted by Salt Lake City’s lifestyle and recreation, its proximity to the company’s wholesale business, and “the open arms of local strategic par...
New home for Silicon Slopes
Silicon Slopes, the nonprofit group organized to promote the interests of Utah’s technology and innovation industry, has a new home. Gov. Gary Herbert, Val Hale of the Governor’s Office of Economic Development and Domo CEO Josh James joined Silicon Slopes executive di...
BioFire opens new Mrieux Center in Salt Lake City
BioFire Diagnostics, the molecular biology affiliate of French firm bioMérieux, has opened its new Alain Mérieux Center for Molecular Diagnostics facility in Salt Lake City. BioFire develops and markets diagnostic testing for infectious diseases under the trade name...
Global Upside starts new co.
Global Upside, a Murray-based company that offers international expansion services, has launched an new company called Global PEO Services. The new business will offer services that help companies hire employees globally without having to set up a legal entity, payroll and benefi...
Greenberg tabbed to head new medtech
Dr. Myles D. Greenberg has been named president and CEO of Alucent Medical Inc., a new Salt Lake City-based company licensed to develop a drug and device combination therapy for the treatment of peripheral vascular disease (PVD). Alucent is owned by the research and development a...
Optima buys Hospicesoft
Optima Healthcare Solutions, a provider of cloud-based software for post-acute care providers, based in Palm City, Florida, has acquired Hospicesoft, a supplier of cloud-based software for hospices, based in Salem. Terms of the transaction were not disclosed.“The talented ...
CBRE report: The 'big box' store isn't necessarily dead
Despite headlines about various “big-box” retailers closing stores, others in that category are opening hundreds of stores spanning tens of millions of square feet this year with less fanfare, according to a report from CBRE Group Inc. released recently as the first i...
Sandwich generation: Investors have kids and parents to worry about
People trying to invest for retirement also have to worry about the generation before them and the generation following them. According to the recently released Wells Fargo/Gallup Investor and Retirement Optimism Index, 47 percent of investors have children and at least one livin...
Title West joins Stewart
Houston-based Stewart Title has purchased the business of Title West in Salt Lake City to complement it existing Utah operations. Stewart said in a release that the acquisition fits its overall expansion plans. Title West had been an independent agent of Stewart since 1987 and op...
Legend Solar buys Aspire Energy
Washington, Utah-based Legend Solar has acquired an energy efficiency company and turned it into a new division of Legend. Aspire Energy has become a division of Legend called Legend Energy. The new division allows Legend Solar to offer homeowners and businesses a bundle of energ...
Calendar
Calendar listings are provided as a free service to our readers. Information about upcoming events may be sent to brice@slenterprise.com. The submission deadline is one week before publication.
Chamber Champions Golf 2017 - June 5
A Utah Valley Chamber event. Shotgun start at 8 a.m., lunch at 12:30 p.m. Location is Riverside Country Club, 2701 N. University Ave., Provo. Cost is $450 for members, $600 for nonmembers. Sponsorships are available. Details are at thechamber.org.
Sandy Chamber Golf Classic - June 09
A Sandy Area Chamber of Commerce event. Location is River Oaks Golf Course, 9300 Riverside Drive, Sandy. Details are at sandychamber.com.
FailFast2017 - June 15
A technology conference dedicated to learning from failures. Speakers include Wes Schaeffer, founder of The Sales Whisperer; David Bradford, chief executive officer of FluentWorlds; Steve Barham, former head of global sales effectiveness at LinkedIn; Don Cash, vice president of global inside sales at BMC Software; Garin Hess, founder and CEO of Consensus; Jack Butler, vice president of marketing at Grow; and Rex Galbraith, vice president of sales at Consensus. Location is Eleve Event Center, 439 S. Pleasant Grove Blvd., Pleasant Grove. Cost is $74. Details are at http://www2.goconsensus.com/failfast2017.
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