by MBJ Staff Published: January 29,2013
Tags: association, buy, cunstomer, forecasdt, predict, prediction, purchase, retail, retailer, retailing, sales, sell, shop, store
WASHINGTON, D.C. — The National Retail Federation released its 2013 economic forecast today, projecting retail industry sales (which exclude automobiles, gas stations, and restaurants) will increase 3.4 percent, slightly less than the preliminary 4.2 percent growth seen in 2012. The subdued forecast comes on the heels of a holiday season that went head-to-head with Washington’s [...] [...]
by Associated Press Published: January 28,2013
Tags: acquire, buy, culture, furnishing, Heritage, historic, history, mansion, purchase, real estate, residential, sale, sell
PORT GIBSON — The contents of an Old South mansion in Port Gibson are going up for sale. An estate tag sale is set for Feb. 1-3 at the historic Oak Square home. The Clarion-Ledger reports Oak Square was once the town home of a cotton planter. It was later divided into apartments. More recently [...] [...]
by Associated Press Published: January 25,2013
Tags: acquisition, anti-trist, bank, banker, banking, buy, expansion, finance, financial institution, merger, purchase, regulator, regulatory, sale, sell
JACKSON — Trustmark Corporation and Mobile, Ala.-based BancTrust Financial Group Inc. has received full regulatory approval in connection with the proposed merger of BancTrust into Trustmark. Subject to customary closing conditions contained in the merger agreement, the transaction is expected to be effective as of the close of business Feb. 15. “We look forward to [...] [...]
by Associated Press Published: January 24,2013
Tags: acquire, acquisition, building, buy, economic development, employee, employer, employment, facility, industrial real estate, job, land, plant, property, purchase, sale, sell, work, worker
NATCHEZ — Towel and tissue supplier von Drehle Corp. of Hickory, N.C., has announced it will locate a manufacturing plant in Natchez. Officials say in a news release that the company, which provides paper products to commercial and industrial consumers nationwide, will create at least 100 new jobs. Von Drehle acquired the former Mississippi River [...] [...]
by MBJ Staff Published: January 15,2013
Tags: acquisition, brand, branding, buy, expansion, hotel, lodging, merger, purchase, sale, sell
ACROSS MISSISSIPPI — Choice Hotels International has added 46 hotels to its family of brands. Under an agreement reached with affiliates of Colony Capital, LLC, including Colony Financial Inc., and hospitality management company Aimbridge Hospitality, the properties will be franchised under the Quality Inn, Comfort Inn and Econo Lodge brands. The addition of these hotels, [...] [...]
by Associated Press Published: January 9,2013
Tags: acquisition, buy, casino, city, entertainment, federal agency, federal government, fort, gaming, government, hotel, lease, lodging, municipal, municipality, nightlife, park, purchase, restaurant, sale, sell, tourism, tourist, vacation, visitor
NATCHEZ — A lease between the city of Natchez and the Isle of Capri on some property at Fort Rosalie has expired and the National Park Service wants to acquire the land. Natchez National Historical Park Superintendent Kathleen Jenkins tells the Natchez Democrat there was an understanding was that the NPS would obtain the Little [...] [...]
by MBJ Staff Published: January 7,2013
Tags: acquisition, buy, construction, dealer, dealership, heavy equipment, merger, purchase, retail, retailer, retailimng, sale, sell
JACKSON — Mitsubishi Caterpillar Forklift America Inc. (MCFA) has acquired Daily Equipment Company (DEC) of Jackson. The price was not disclosed. DEC has five other full-service branches in Mississippi (Biloxi) and Louisiana (New Orleans, Baton Rouge, Shreveport and Lake Charles). Emmerson Daily, CEO and founder of DEC, said, “MCFA offers me assurance that Daily Equipment [...] [...]
by Associated Press Published: January 7,2013
Tags: acquisition, attorney, buy, city, health, health care, hospital, investment, law, lawyer, legal, medical, medicine, municipal, municipality, public health, purchase, sale, sell, trust
OXFORD — The $30-million investment that the city of Oxford made with money from the sale of a hospital in 2011 is paying off. Attorney Robert Paine with the Oxford Municipal Reserve and Trust Fund Committee reported the market value of the trust fund assets was over $31. 2 million. That is a gain of [...] [...]
by Associated Press Published: January 4,2013
Tags: acquisition, appliance, buy, kitchen appliance, manufacture, manufacturer, manufacturing, market, merger, plant, purchase, sale, sell
GREENWOOD — The new owner of Viking Range says it is on a fast track to increase the company’s market share and profit margins. The Greenwood Commonwealth reports the plans were outlined this week by Selim A. Bassoul, Middleby Corp.’s chairman and CEOl. Middleby paid $380 million for Greenwood-based Viking Range. Fred Carl Jr., Viking’s [...] [...]
by MBJ Staff Published: January 3,2013
Tags: acquisition, buy, manufacture, manufacturer, manufacturing, merger, mill, packaging, paper, purchase, sale, sell
PICKENS — Burrows Paper Corporation completed the acquisition of the remaining 75 percent equity interest in Innopak Hong Kong Limited (the investment company that owns 100 percent of Innopak Heshan) from Innopak Holdings Limited. Until recently, Burrows was a 25 percent stakeholder in this joint venture packaging company. Innopak Heshan is a converter of specialty [...] [...]
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