Posts Tagged ‘mergers and acquisitions’
COLUMBUS — OMNOVA Solutions of Fairlawn, Ohio, has sold certain assets of its North American commercial wallcovering business to J. Josephson Inc., a private commercial wallcovering producer based in New Jersey. The sale includes printing cylinders, certain equipment, trademarks, contracts and other assets associated with OMNOVA’s domestically-produced commercial wallcovering brands. The sale excludes OMNOVA’s Columbus [...] [...]
JACKSON — Irby, a subsidiary of Sonepar USA, has signed an agreement to acquire the assets of Treadway Electric of Little Rock, Ark., effective Jan. 1, 2012. Terms were not disclosed. Established in 1905, Treadway is Arkansas’ oldest electrical distributor and employs over 100 employees in 14 locations throughout the state of Arkansas. It will [...] [...]
JACKSON — Ergon Asphalt & Emulsions Inc., has acquired substantially all of the assets of Henkel Corporation’s Corrosion Engineering Division located in Lester, Pa. Terms were not disclosed. Effective Dec. 10, the acquired business group became a part of Ergon Asphalt & Emulsions’ ErgonArmor division under the new name Corrosion Engineering. “ErgonArmor is thrilled to [...] [...]
NEW ORLEANS — The boards of directors of Entergy Corporation and ITC Holdings Corp. have approved a definitive agreement under which Entergy will divest and then merge its electric transmission business into ITC. Entergy’s electric transmission business consists of approximately 15,700 miles of interconnected transmission lines at voltages of 69kV and above and associated substations [...] [...]
BILOXI and BAY ST. LOUIS — Lighthouse Insurance Services in Biloxi, has merged with SouthGroup Insurance–Gulf Coast, Bay St. Louis. Terms were not disclosed. President Angelyn Treutel, CPA, said “This change is a great advantage for our customers. SouthGroup will provide locally owned and operated service with an outstanding experienced staff. We represent hundreds of [...] [...]
HATTIESBURG and PETAL — Boardwalk HP Storage Company, LLC, a Houston, Texas-based joint venture between Boardwalk Pipeline Partners and Boardwalk Pipelines Holding Corp. (BPHC), an affiliate of its general partner, has completed the previously announced acquisition of Petal Gas Storage, LLC, Hattiesburg Gas Storage Company and related entities from Enterprise Products Partners, LP. The joint [...] [...]
JACKSON — Trustmark Corporation has signed a definitive agreement to acquire Panama City, Fla.-based Bay Bank & Trust Co. Under terms of the definitive agreement, the transaction is valued at $22 million, with $10 million of the consideration to be paid in cash and $12 million to be paid in common stock of Trustmark. The [...] [...]
TUPELO — Journal Inc., which publishes the Northeast Mississippi Daily Journal in Tupelo, has acquired a group of weekly community newspapers in the suburban Memphis, Tenn., area. The company reports details of the transaction were not disclosed. Clay Foster, CEO of Journal Inc., says the company acquired the Bartlett Express, Millington Star, Collierville Independent, Shelby [...] [...]
JACKSON — In its second major expansion in less than a month, Baker, Donelson, Bearman, Caldwell & Berkowitz, PC has merged with the Orlando law firm of Litchford & Christopher Professional Association. Terms were not disclosed. The merger gives Baker Donelson its first Florida location and, with the firm’s move into Texas in October, marks [...] [...]
PASCAGOULA — The Federal Deposit Insurance Corp. has approved a Southeast Mississippi bank’s move into Alabama. Merchants & Marine Bank of Pascagoula has bought Heritage First Bank branches in Gulf Shores and Crossville from Heritage First Bancshares Inc. of Rome, Ga. Royce Cumbest, M&M’s chairman, president and CEO, says the acquisitions add assets of about [...] [...]
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