Home » Tag Archives: mergers and acquisitions (page 2)

Tag Archives: mergers and acquisitions

OMNOVA to end manufacturing operations in Columbus

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 manufacturing facility.  OMNOVA’s Under the ...

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Irby acquires Arkansas' oldest electrical distributor

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 continue to operate as Treadway, ...

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A different kind of merger

JACKSON — Brunini Grantham Grower and Hewes has proven there is more than one way to merge. In fact, the venerable Jackson law firm has pulled off a “non-merger merger.” Last month, it was announced that Brunini, founded in 1903, had been invited to join Meritas, a global network of independent, full-service law firms. The network currently encompasses 7,265 experienced ...

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'Merger-mania'

William Painter maybe the busiest man in Mississippi. The managing partner of the Jackson office of the law firm Baker, Donelson, Bearman, Caldwell & Berkowitz, P.C., he is also the Tennessee-based firms lead strategic planner. In the latter capacity, Painter has logged some serious hours recently. “I’m hammered,” Painter said. In 2011, Baker Donelson has effected three mergers with more ...

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Ergon acquires Henkel's engineering division

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 welcome Corrosion Engineering into the ...

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Entergy OKs agreement to divest transmission business

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 across its utility service territory ...

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Lighthouse Insurance merges with SouthGroup

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 carriers and are able to ...

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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 venture funded the acquisition with ...

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Trustmark signs agreement to buy Florida bank

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 consideration represents approximately 85 percent ...

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Journal Inc. buys group of weekly newspapers

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 Sun Times, Oakland News and ...

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