Insiders' biz: an industry-by-industry log of selected developments at Colorado businesses.

PositionAttitude at Altitude - Polycom Inc. acquires Voyant Technologies Inc. - Robinson Brick Co. acquires Powers Masonry Supply - Candy Factory Inc. acquires Sweets From Heaven USA L.P.

MANUFACTURING

* Voyant Technologies Inc., Westminster, was acquired by Polycom Inc., Pleasanton, Calif., a manufacturer of voice conferencing, conference bridges, and integrated Web collaboration solutions. Polycom will acquire all of the outstanding shares and options of Voyant in exchange for approximately $110.7 million in cash, or $95.7 million, net of the expected amount of Voyant cash to be available at the closing. An additional $35 million may be payable in cash or Polycom stock, at Polycom's discretion, to certain stockholders of Voyant, over a two year period based on the completion of certain financial milestones relating to the sale of Voyant products. Bill Ernstrom, Voyant's president and CEO, will continue to lead the Voyant organization. The deal is expected to close during the first quarter of 2004.

* Robinson Brick Co., Denver, will acquire Powers Masonry Supply, allowing Robinson to add block manufacturing capacity and five retail stores, increasing its number of masonry and design centers from seven to 12. Robinson Brick now serves Cheyenne and Casper, Wyo., Fort Collins and Greeley, and Scottsbluff, Neb. This acquisition follows Robinson's acquisition of Billings Brick & Masonry Supply, and Cody Brick & Masonry Supply in July of this year.

RETAIL

* Candy and specialty toy franchiser Fuzziwig's Candy Factory Inc., Durango, will acquire the assets of Sweets From Heaven USA L.P., a Pittsburgh chain of retail candy stores. Fuzziwig's has already assumed management responsibilities for nine company-owned and 26 franchised Sweets From Heaven stores. The acquisition results in Fuzziwig's Candy Factory growing to a total of 63 retail candy and specialty toy stores.

BANKING

* Native American Bank of Denver signed an automated-teller-machine agent agreement with Cleveland-based KeyCorp. The pact provides Native American Bank customers with surcharge-free access to Key's network of more than 1,347 automated teller machines in Alaska, Colorado, Idaho, Indiana, Michigan, New York, Ohio, Oregon, Utah and Washington as well as 716 ATMs in ARCO retail locations in Arizona, California, Nevada, Oregon and Washington. While headquartered in Denver, Native American Bank's retail presence and existing network of five ATMs is concentrated in and around Browning, Mont.

INSURANCE

* Great-West Retirement Services, a unit of Great-West Life & Annuity Insurance Co., Denver, has acquired the group retirement business of Federated Insurance...

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