Business Stories from March 27, 2023
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RATIONAL AG: Global sales exceed $1 billion for the first time in the company's history.
Mar 29, 2023 8:58 AM - For the first time in its 50-year history, RATIONAL, whose U.S. headquarters is in Rolling Meadows, achieved a global turnover of just over $1 billion in the FY 2022 with its iVario and iCombi cooking system lines. This corresponds to an increase of 31 percent compared to the previous year ($780 million). Both product groups contributed to the growth. In the iCombi product group, sales growth is expected to be 28 percent compared to the previous year, thanks to the improving parts availability in the second half of the 2022. Sales in the iVario product group grew particularly well, with growth amounting to 57 percent. -
Patrick A. Finn Ltd., wins key awards at HBAGC Gala
Mar 28, 2023 1:56 PM - Patrick A. Finn Ltd., a leading design-build company specializing in custom homes and remodeling, is proud to announce that they have won two prestigious awards for outstanding designs on their projects. -
Longtime customers say goodbye as Tribella Bar and Grill in Batavia closes its doors after 26 years
Mar 28, 2023 7:03 AM - The owners of Acquaviva have purchased the building from Christine DiGuglielmo, who co-owned the restaurant with her husband, Joe. Acquaviva recently closed its restaurant on Water Street in downtown Batavia. -
PCTEL markets new radio testing systemMar 27, 2023 3:09 PM - PCTEL Inc., a provider of radio antennas and wireless technology solutions, said its latest innovation to test public safety radio networks is now available.
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Jessup tape made using recycled shoe rubberMar 27, 2023 2:22 PM - McHenry-based Jessup Manufacturing said it has launched a new anti-slip tape, Jessup ReCon, made with Nike Grind's post-industrial rubber recycled from footwear manufacturing.
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First Citizens to acquire troubled Silicon Valley Bank
Mar 27, 2023 10:11 AM - North Carolina-based First Citizens will buy Silicon Valley Bank, the tech industry-focused financial institution that collapsed earlier this month, rattling the banking industry and sending shockwaves around the world.
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