Saratoga Business Journal - February 2021

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SBJ P.O. Box 766 Saratoga Springs, NY 12866

SARATOGA BUSINESS JOURNAL

VOL. 25 NO. 12

HH The Business Newspaper of Saratoga County HH

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GLENS FALLS, NY 12801 PERMIT #600

FEBRUARY 2021

www.saratogabusinessjournal.com

Momentive Performance Materials Acquires Price Chopper/Market 32 Will Merge With Silicones Business With Global Facilities Grocery Chain Based In Western New York

This is the Momentive Performance Materials facility in Waterford. The company is acquiring KCC Corp. Silicones business in Korea and the United Kingdom. Momentive Performance Materials Inc., which has a facility in Waterford, has reached a definitive agreement to acquire KCC Corp. Silicones business in Korea and the United Kingdom, as well as its sales operations in China, further enhancing its global capabilities in advanced silicones and specialized applications. Officials said the acquisition will move the capabilities of KCC’s Silicones business from KCC Corp., Momentive’s majority shareholder, to Momentive, consolidating the companies’ combined capabilities and expertise in advanced

silicones. The company also announced that Ravago Chemicals will serve as its authorized distributor of Momentive products into the plastics industry in the United States and Canada. Momentive develops advanced silicone and specialty products for customized applications in healthcare, telecommunications, electronics, personal care, construction, transportation, agriculture, energy, and many other industries. “We’re excited by the synergies this acquisition Continued On Page 16

Price Chopper/Market 32 has entered into a definitive merger agreement with Tops Markets, a grocery chain based in western New York, that nearly doubles the collective footprints of both in the Northeast, officials said. Both chains have deep ties to their local communities and shared commitments to service, savings, and convenience, officials said in statement. With increased scale, the merged companies are expected to be better positioned to compete and offer more value and services to their customers. Scott Grimmett, Price Chopper/Market 32 president and CEO, will be CEO of and serve on the board of directors of the new parent company, which will oversee the operations of nearly 300 Price Chopper, Market 32, Market Bistro and Tops Markets stores and collectively employ more than 30,000 people. Frank Curci, Tops Markets chairman and CEO, will serve on the board of directors of the new parent company and as a consultant to assist in the transition. Blaine Bringhurst, Price Chopper/Market 32 executive vice president of merchandising, marketing and store operations, will lead the Price Chopper/Market 32 business. John Persons, Tops Markets president and chief operating officer, will lead the Tops Markets business. The new parent company will be headquartered in Schenectady. The Price Chopper/Market 32 and Tops Markets businesses will retain main offices in Schenectady and Williamsville and will continue to be managed locally by their respective leaders. “I’ve seen tremendous change in our industry across my 65-year career and have long been an advocate for the promise of innovation

This is a Tops Markets store in western New York. Price Chopper will merge with the chain. and partnership, like that which has driven this merger forward,” said Neil Golub, Price Chopper/Market 32 executive chairman of the board. “I can assure you that our commitment to sustaining and improving the communities in which we operate remains steadfast.” “This merger marks a major step forward and collectively elevates our ability to compete on every level,” said Grimmett. “It leverages increased value for our customers; advances shared opportunities for innovation; fortifies the depth of our workforce, community and trade partnerships; and ultimately accelerates our capacity to deliver a distinctively modern and convenient shopping experience. Given the vital Continued On Page 16

Local Attorney Toohey Named 2021 Chair Chris Dowd Is Chair Of Board For 2021 At Of Saratoga Hospital Board Of Directors The Chamber Of Southern Saratoga County Michael J. Toohey was elected chairperson of the Saratoga Hospital board of trustees for 2021. The attorney and community leader has served on the board since 2013, most recently as vice chairperson. He also is a member of the board of directors of Albany Medical Center, Saratoga Hospital’s affiliate in the Albany Med Health System. Joining Toohey on the executive committee of the Saratoga Hospital board are Theresa M. Skaine, vice chairperson; N. Keith Stewart, treasurer; and Heather M. Ward, secretary. “Our hospital and the Saratoga region benefit enormously from Mike Toohey’s leadership, experience and perspective, especially during these uniquely challenging times,” Saratoga Hospital President and CEO Angelo Calbone said. Toohey recently retired after more than 45 years with the Law Offices of Snyder, Kiley, Toohey, Corbett & Cox, where he earned a reputation for his expertise in land use, planning, project financing and industrial development. As the author of Planned Unit Development legislation for cities and towns throughout Saratoga County, Toohey has shaped land use and development across the region. In addition to the hospital boards, Toohey currently serves on the board of the Double H Hole in the Woods Ranch. He was past president of the boards of the Saratoga Springs City Center Authority, the Saratoga County YMCA, the Saratoga County Chamber of Commerce, the Saratoga Springs Rotary Club, and the Saratoga Springs Friendly Sons of St. Patrick. He also served on the boards of Catholic Charities

Michael J. Toohey is chairperson of the Saratoga Hospital board of trustees for 2021. ©2021 SaratogaPhotographer.com

of Saratoga, Warren and Washington Counties and the Historical Society of Saratoga Springs. He has earned local, state and international recognition for his professional and civic contributions. Other Saratoga Hospital trustees are Angelo G. Calbone, Saratoga Hospital president and CEO; Raimundo C. Archibold Jr.; David J. Collins; Kari P. Cushing; Susan Law Dake; Dr. Kevin Dooley; Judith A. Ekman; Dr. Steven M. Frisch; Michael H. Iacolucci; Frank L. Messa; Dr. Marianne A. Mustafa; Alan C. Oppenheim; Elizabeth Wood Pustolka; J. Thomas Roohan and Janice M. White.

Ballston Spa National Bank President/CEO Chris Dowd continues his term as Chamber of Southern Saratoga County chair for 2021, as well as being a member of the Capital Region Chamber Executive Committee. The Chamber of Southern Saratoga County (CSSC) affiliated with the Capital Region Chamber in 2020. Officials said CSSC spent the year offering support to those in the local business community who needed it the most, while tapping into the regional chamber’s advocacy, education, business growth resources and communications abilities. Dowd has been with BSNB for 20 years this coming July. He was named its president/CEO in 2004. CSSC said his role greatly helped the organization retain its local influence and impact while providing expanded programs, services and resources to members and the community at-large. “Given how challenging 2020 was for most, I’m so pleased that the Chamber of Southern Saratoga County had the added resources and clout of the Regional Chamber to support our businesses and communities,” said Dowd. “Through hard work, innovation and determination, our county and region will emerge from the pandemic with strength, as our Chamber continues to be an essential partner in the recovery process.” Dowd is joined by returning board members Lisa Avila, CEO of Kitware, secretary/treasurer; and board members Carmine DeCrescente III of DeCrescente Distributing Co., Willie Miranda

Chris Dowd is the CEO/president at Ballston Spa National Bank. Courtesy Chamber of Southern Saratoga County

of Miranda Real Estate/Insurance, and Michael York of the Lofts at Saratoga Blvd. New to the board this year is Nicole Snow, CEO of Darn Good Yarn, Inc. in Halfmoon. CSSC board members, along with leaders of four other businesses located in Saratoga County, also serve on the Capital Region Chamber boar. CSSC officials said new for 2021, the affiliation of the Center for Economic Growth with the Capital Region Chamber now connects Continued On Page 15


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