A group of private investors, who formed Progressive Dyanmics Holding Company to purchase the 42-year-old diversified manufacturing firm in Marshall, assumed ownership last week. Ralph McGee of Holly, along with David Mead of Marshall, Jeff Smith of Alma and one silent partner from Florida are the new owners. They plan to retain the 100-strong workforce and place their initial emphasis on marketing the company's patented medical warming blankets. See page 1 of today's issue for more information.
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