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Joseph N. DiStefano writes business stories for the Inquirer, including the PhillyDeals column on Sundays, Mondays and often on other days too, as well as the blog at www.philly.com/phillydeals.
Renmatix, the King of Prussia company that hired former Gov. Mark Schweiker three years ago to help scout locations for biofuel refineries, among other duties, is still raising piles of money. But it has shifted its focus from building its own large-scale facilities to licensing larger companies to use its Plantrose high-pressure process for converting waste into fuels and plastics.
WSFS Financial Corp., one of the biggest banks still based in the Philadelphia area, on Tuesday agreed to pay $92 million for Broomall-based Alliance Bancorp Inc., which operates eight branches in Delaware and Chester Counties.