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Business Briefs 03-23-12

Madison’s at the Lake changes ownership

Madison’s at the Lake was purchased by Joe and Agnes Acovski in January. The restaurant, now named Joey’s Fine Food & Spirits, will have an official grand opening in April.

Agnes Acovski said they are hoping to create a more family-friendly environment at the restaurant, while still maintaining the bar and TV aspect. They also plan to host private parties and events.

Located at 7913 Natalie Commons Drive in Denver, the restaurant’s hours are 11 a.m. to 11 p.m. Monday through Thursday, 11 a.m. to midnight on Fridays and Saturdays and Sundays 11 a.m. to 10 p.m. They have live music on Friday and Saturday nights.


Bosch expands capacity in Lincolnton plant

Robert Bosch Tool Corporation (Power Tools) has announced that it is in the process of increasing capacity in its Lincolnton facility. As a result of the recently expanded conversion and packaging requirements, the Lincolnton facility will further extend its role as the North American Accessories converting, customizing and packaging center.

As the Times-News previously reported, in February the Lincoln County Board of Commissioners unanimously approved an incentive grant agreement with Bosch for a facility expansion that will result in an investment of $3.5 million by the company and the creation of at least seven new jobs, paying average weekly wages of $400, within two years.

If those obligations are met, the county will then provide cash grants of roughly $9,500 per year for a five-year period. The facility upgrade is set to begin on or before May 1.

The center in Lincolnton will be responsible for the conversion of various types of abrasives products being sold under different brands in the U.S. and Canada, from the raw product to finished goods. In addition to this conversion of abrasives, the facility customizes and brands various types of accessory products for Bosch and other major retailers and industrial brands.

The facility began adding the abrasives over the spring and summer of 2011, and abrasive products are being delivered now from Lincolnton through different warehouses to retailers around the country.

Bosch is headquartered in Mt. Prospect, Ill.


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