Entrepreneurs breathe new life into defunct firms
It always happens.
Economic losses, no matter their scale, have a habit of turning into opportunities, at least in the minds of entrepreneurs. Such seems to be the case with the pending resurrection of two defunct local companies, or at least the rebirth of significant aspects of their business.
First, former employees of Summit Biotechnology are purchasing rights to that trade name from Omaha-based ConAgra. ConAgra closed the operation last year as part of a nationwide divestiture of nonfood-related ventures. The new owners are incorporating Summit Biotechnology Inc. and hope to continue its work of producing fetal bovine serum and supplying…
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