Wabtec Corp. buysSchaefer Equipment
WARREN -- Schaefer Equipment, which makes brake components for trains, was bought earlier this month by Wabtec Corp. of Wilmerding, Pa., for 36 million. Schaefer has operated in Warren since 1914, has annual sales of 30 million and was honored by the Regional Chamber this month for being one of the top companies in the area for sales growth. Schaefer employs about 70.
Wabtec, which makes braking equipment and other parts for trains, said the acquisition would broaden its product line. It added that the deal would add to its profits immediately. Wabtec is a publicly traded company with more than 1 billion in annual sales and more than 5,000 employees.
United Communityearns 6.1 million
YOUNGSTOWN -- United Community Financial Corp. earned 6.1 million, or 21 cents a share, in the third quarter, compared with 6.4 million, or 22 cents, a share, in the same quarter last year. United Community is the parent company for Home Savings and Loan and Butler Wick Corp., both of Youngstown.
'We Card' programoffers retailers training
BOARDMAN -- More than 20 retailers participated in a training program Thursday on refusing to sell tobacco products to minors. The "We Card" program was held at the Holiday Inn in Boardman and sponsored by the Ohio Council of Retail Merchants and other groups. In 10 years, the program has trained more than 95,000 people across the country.
F.N.B. Corp. reportsthird-quarter earnings
HERMITAGE, Pa. -- F.N.B. Corp. earned 17.6 million, or 29 cents a share, in the third quarter, compared with 16.6 million, or 28 cents a share, in the same quarter last year. F.N.B. is the holding company for First National Bank of Pennsylvania.
From Vindicator staff reports