Posts Tagged ‘mergers and acquisitions’

OMNOVA to end manufacturing operations in Columbus

by MBJ Staff Published: December 15,2011

Tags: consolidation, distribution, jobs, lay offs, manufacturing, mergers and acquisitions, plant, unemployment

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 […] [...]

Irby acquires Arkansas’ oldest electrical distributor

by MBJ Staff Published: December 12,2011

Tags: electrical distribution, electricity, energy, mergers and acquisitions, power, transmission

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 […] [...]

Ergon acquires Henkel’s engineering division

by MBJ Staff Published: December 12,2011

Tags: asphalt, construction, engineering, mergers and acquisitions, paving, roadbuilding

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 […] [...]

Entergy OKs agreement to divest transmission business

by MBJ Staff Published: December 6,2011

Tags: divestiture, electricity, energy, mergers and acquisitions, power, utilities

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 […] [...]

Lighthouse Insurance merges with SouthGroup

by MBJ Staff Published: December 6,2011

Tags: agencies, insurance, mergers and acquisitions

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 […] [...]

Boardwalk completes purchase of gas storage assets

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 […] [...]

Trustmark signs agreement to buy Florida bank

by MBJ Staff Published: December 1,2011

Tags: banking and finance, Banks, finance, financial, mergers and acquisitions

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 […] [...]

Journal Inc. buys group of weekly newspapers

by Associated Press Published: November 28,2011

Tags: media, mergers and acquisitions, NEWS, newspapers, publishing

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 […] [...]

Baker Donelson strikes another merger deal

by MBJ Staff Published: November 21,2011

Tags: attorneys, law, law firms, lawyers, mergers and acquisitions

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 […] [...]

Merchants & Marine expanding into Alabama

by MBJ Staff Published: November 21,2011

Tags: banking and finance, Banks, federal government, mergers and acquisitions

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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