Posts Tagged ‘sale’

Callon Petroleum stock sale for acquisitions raises $122M

NATCHEZ — Callon Petroleum Co. has raised $122 million from a stock sale, with plans to use the proceeds to pay for new oil and gas properties it plans to buy in the Permian Basin of west Texas. The Natchez-based company announced it has sold 14.38 million shares at $9 per share, paying about $7 […] [...]

Severstal completes the sale of Columbus plant to Steel Dynamics

COLUMBUS — Russian steel company Severstal has completed its sale of a pair of steel plants to AK Steel and Steel Dynamics. In a statement from Severstal’s press office, CEO Alexey Mordashov confirmed yesterday the sale of Severstal Columbus, LLC, which is located in northeast Mississippi, to Steel Dynamics Inc. and Severstal Dearborn, LLC to […] [...]

Georgia-Pacific completes acquisition of SPG Holdings

HATTIESBURG — Georgia-Pacific, LLC and SPG Holdings, LLC have completed the previously announced acquisition of SPG by Georgia-Pacific. Financial details of the agreement are not being disclosed. As a result of the acquisition, Georgia-Pacific acquired all of the equity of SPG held by investors in the company including CIC Partners, a Dallas-based middle market private […] [...]

Polyvulc retains firm to sell facilities in Mississippi, Louisiana

VICKSBURG — Polyvulc USA Inc., an injection-molding company that recycles plastics into pier pads and FHA-approved perimeter foundation wall systems for manufactured homes, and two tire recycling businesses, has retained Heritage Equity Partners (HEP) to seek an immediate sale of the Vicksburg-based company, as well as its subsidiaries, Polyvulc Tire Recycling, LLC, a tire shredding facility in Jackson, and Winnsboro […] [...]

Severstal selling plants, including Severstal Columbus

COLUMBUS — Russian steel company Severstal is exiting the U.S. market, selling a pair of steel plants to AK Steel and Steel Dynamics for about $2.33 billion. Word of a possible sale began to circulate earlier this year as the West threatened sanctions against Russia for its activity in the Ukraine, but Severstal has not […] [...]

MetroCast Mississippi acquired by Ohio-based company

JACKSON — Block Communications Inc. has acquired MetroCast Mississippi, a rural cable system that provides cable television, telephone and Internet services to more than 45,000 residential and business customers in 16 Mississippi counties. Toldeo, Ohio-based BCI also acquired MetroCast operations serving Red Bay, Alabama. BCI says in a statement the deal is expected to close […] [...]

Georgia-Pacific buying SPG facilities in three states

HATTIESBURG — Georgia-Pacific Consumer Products, LP and SPG Holdings, LLC have reached an agreement under which Georgia-Pacific would purchase SPG, a paper goods company that manufactures and converts products for the foodservice industry. SPG has operations in Hattiesburg as well as Green Bay, Wisconsin, and Augusta, Georgia. CIC Partners, a Dallas-based middle market private equity […] [...]

Pipe-maker files for bankruptcy; wants to sell plant

BAY ST. LOUIS — The owner of a steel pipe mill in Bay St. Louis has filed for bankruptcy protection and seeks to sell the plant. PSL North America, LLC, which began operations in 2008, made the Chapter 11 filing June 16 in Delaware. In court papers, it said it plans to sell itself for […] [...]

Trustee wants to hire Maryland firm to sell frac sand facility, mine

PICAYUNE — Richard W. Cryar, as Chapter 11 trustee for Alliance Consulting Group, LLC, has filed a motion with the U.S. Bankruptcy Court for the Southern District of Mississippi to hire Heritage Equity Partners (HEP) of Easton, Md., to seek a buyer for a recently built frac sand dry processing plant in conjunction with a […] [...]

FTC approves Franchise Services’ sale of airport locations

RIDGELAND — Franchise Services of North America Inc. (FSNA) has released an update on the previously announced proposed sale of 22 airport concession agreements used by the company’s wholly-owned subsidiary, Simply Wheelz, LLC, which formerly did business as Advantage Rent A Car. The Federal Trade Commission has approved the sale of 12 of the locations […] [...]

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