Baytool closes, RND buys assets
SARASOTA -- Baytool Inc., a Bradenton-based machine shop is closing its operation and selling its assets to RND Automation & Engineering LLC of Sarasota, the company announced Friday.
RND, which has used Baytool as a resource for years, also is hiring two of Baytool's machinists. This will allow RND to have tighter control of machined part costs and lead times giving their customers better quality machinery at a lower investment, company officials said.
RND is a custom machine builder which engineers, designs, manufactures and retrofits custom automation and material handling machinery for industries such as hydraulic valves, automotive sensors and contact lenses.
C1 Bank receives state's notice of intent
ST. PETERSBURG -- C1 Bank will more than double its footprint following an expected approval by the state's Office of Financial Regulation for its acquisition of U.S. Century Bank.
U.S. Century Bank's shareholders also have approved C1 Bank's acquisition. The acquisition will mean C1 Bank will now have branches in Miami-Dade and Broward counties and $2.2 billion in assets.
Bank officials Friday said the state indicated its intent to approve the acquisition.
Vet Care Express buys life support ambulance
SARASOTA -- Vet Care Express Animal Ambulance recently purchased one of Sarasota County's Advanced Life Support ambulances and retrofitted the vehicle as an ambulance specifically used for pets.
The new ambulance adds capabilities in service including expanded service area, seamless coverage for multiple emergencies at once, additional space for extra-large animals or animals on stretchers, additional space for pet parents to accompany their pet and increased on-board oxygen for oxygen dependent patients.
Warehouse on Paylor Lane sold to KLH Properties
SARASOTA -- KLH Properties LLC has purchased a 4,380-square-foot industrial flex warehouse at 5310 Paylor Lane, Sarasota, from Regions Bank for $210,000. Michael Gallatin with the Sperry Van Ness Commercial Advisory Group handled the transaction.
Cortez Road commercial building sells
BRADENTON -- Inches Holdings LLC has purchased a 7,600-square-foot freestanding commercial building, the former First Priority Bank, 4702 Cortez Road, Bradenton, from the Seller; Ily Partnership, LLLP for $1,025,000.
After remodeling the new owners intends to open as a health spa. Sherry Flathman with Wagner Realty represented the buyer and Debra Cooper with Sperry Van Ness Commercial Advisory Group represented the seller.
-- Herald staff reports