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See our full December 2015 issue with 40 under Forty here

Click the cover photo below to read our entire December issue. It includes this year's class of 40 under Forty recipients, a talk with the financial folks at Wellmont Health System and Mountain States Health Alliance about their 2015 financials and the effects of health care reform, the top stories of 2015 and much more.  ...

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Answering the challenge: Bristol’s manufacturing workforce focus

By Scott Robertson When Bristol Compressors CEO Ed Gniewek told the Bristol Chamber of Commerce Board this summer that he perceived the qualified workforce in the region to be diminishing to the point where he would consider moving the company’s operations, the Chamber could have reacted in many different ways. Rather than choosing easy ways out like denial, blame-storming or hand-wringing, the Chamber’s re ...

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‘Soft landing’ speeds German springmaker’s transition to states

By Jeff Keeling It took FWG Special Springs roughly a quarter century to make its first foray into North America. Since the Grevenbroich, Germany manufacturer established a tiny beachhead in Johnson City two years ago, things have moved much more quickly – so much so that the company has bought a building and is preparing to manufacture stateside, ahead of schedule. In mid-2013, company founder Manfred Albr ...

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The Business Journal Q&A: Bart Hove, President & CEO, Wellmont Health System

The Business Journal: Thanks for taking the time to speak with us. Let’s just begin with an overview of where Wellmont stands in the merger process at this point. Bart Hove: Since our April announcement, a lot of work has taken place. One of the first pieces of business associated with that was to form our joint board task force and our integration council, which you’ve heard a lot of the descriptions of th ...

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Keck: “Newco” to help coordinate community efforts

By Scott Robertson Speaking after the final scheduled community forum regarding the proposed merger of Mountain States Health Alliance and Wellmont Health System, MSHA Senior Vice President and Chief Development Officer Tony Keck said the newly formed company (dubbed Newco as a working title until the company name is formally announced) will try to work as a coordinator for other agencies and organizations. ...

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Johnson City’s downtown not yet at ‘critical mass’

By Jeff Keeling Walk around downtown Johnson City and it’s easy to see signs of growth, from new restaurants and a community college campus to a sizeable brewery, a public park and lots of new apartments. Ask Craig Torbett whether Johnson City’s downtown has reached a tipping point signaling smooth sailing ahead for growth and redevelopment, and the longtime Johnson City Development Authority commissioner d ...

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NN Inc. completes $615 million acquisition of Precision Engineered Products

Johnson City -- NN Incorporated has completed its purchase of Precision Engineered Products. The Johnson City-headquartered manufacturer announced it would buy the company in August, at a cost of $615 million. Here is a copy of the full release: NN, Inc. Completes Acquisition Of Precision Engineered Products JOHNSON CITY, Tenn., Oct. 20, 2015 /PRNewswire/ -- NN, Inc., (NASDAQ: NNBR) a diversified industrial ...

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Coal slowdown leads to Erwin operations shutdown: CSX

CSX will close a locomotive service center, a project shop and a car shop -- and eliminate switching operations -- at its Erwin rail yard, the company announced today (see below). The decision is expected to eliminate around 300 jobs in one of the industries that helped establish the town. The company cited a combination of regulatory restrictions on coal and lower natural gas prices as the proximate causes ...

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Leapin’ lizard: Crown Laboratories revenue jumping

By Jeff Keeling Crown Laboratories is on a roll. The Johnson City-based pharmaceutical manufacturer, best known for its Blue Lizard sunscreen, secured a $20 million credit facility last month that has CEO Jeff Bedard bullish on the future of a company that’s seen its peaks and valleys since its founding 15 years ago. Blue Lizard’s revenues are growing strongly, up 24 percent in the current fiscal year, whic ...

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