Home » Tag Archives: purchase (page 2)

Tag Archives: purchase

County sells proposed landfill site to local cardiologist

CORINTH — Alcorn County supervisors have accepted a bid of $1,100 per acre for 125 acres once proposed for a rubbish landfill. The board of supervisors voted 3-2 for the sale to Corinth cardiologist Dr. John Prather. The proceeds will go into the county solid waste fund. The county had owned the 129-acre property for almost 20 years. A 10-year ...

Read More »

Ergon buys N.C. terminal for undisclosed sum

A Jackson-based company has made an acquisition in North Carolina that it says will play a big part in its future growth. Ergon Asphalt & Emulsions Inc. (EA&E) of Jackson has purchased all assets of the Wilson, N.C., asphalt terminal from Black Creek Terminal, LLC. EA&E acquired full ownership of the facility on April 1. Financial terms were not disclosed. ...

Read More »

Hood Packaging wraps up acquisition from Wisconsin company

A Mississippi-based company is the new proud owner of a packaging operation. Bemis Company Inc. of Neenah, Wis., has completed the sale of its Paper Packaging Division. As previously announced, Bemis reached an agreement to sell its Paper Packaging Division to Hood Packaging Corporation, a privately-held company headquartered in Madison and Burlington, Ontario. Terms of the agreement were not disclosed.

Read More »

Newk's owners sell majority interest to investment firm

JACKSON — The owners of Newk’s Eatery restaurants have sold a majority of the company to a New York investment firm. Sentinel Capital Partners paid an undisclosed amount for the share of Newk’s Holding Co. in a sale that closed Monday, said Newk’s vice president of franchise operations Alan Wright. Newk’s founders Chris Newcomb, Don Newcomb and Debra Bryson will ...

Read More »

Full House buying Fitzgerald's Casino for $62M

TUNICA — Las Vegas-based Full House Resorts has agreed to buy Fitzgerald’s Casino in Tunica from Majestic Star Casino, LLC. The purchase price is $62 million, exclusive of working capital and other adjustments, fees and expenses as of the closing date. The agreement is subject to Full House obtaining financing for the acquisition within 90 days of its execution, obtaining ...

Read More »

Colorado company purchases MedStat EMS

WINONA — American Medical Response (AMR) has acquired MedStat EMS Inc. in Winona as well as Life Line Ambulance in Prescott, Ariz. Terms were not disclosed. The acquisitions will generate estimated annual revenues of $36 million and employ more than 250 clinicians and support team members, according to AMR. “Life Line and MedStat are outstanding companies with stellar teams and ...

Read More »

Security Plan completes purchase of Magnolia Guaranty

RIDGELAND — Security Plan Life Insurance Company has completed the purchase of Magnolia Guaranty Life Insurance Company. On March 7, Citizens Inc. subsidiary Security Plan completed its acquisition of Magnolia of Ridgeland for $5.23 million. Security Plan paid cash in exchange for 409,553 shares of Magnolia capital stock outstanding. In response to receiving the Mississippi Department of Insurance order approving ...

Read More »

Sale completed, cemetery finally out of receivership

PASCAGOULA — The sale to place Jackson County Memorial Park in Pascagoula back into private ownership has been completed. “This is the end of a long road for Jackson County Memorial Park,” says Secretary of State Delbert Hosemann. “Putting this cemetery back into private ownership provides stability for this cemetery moving forward. The new owner will be able to provide ...

Read More »

Cal-Maine closes on acquisition of Delta Egg Farm

JACKSON — Cal-Maine Foods Inc. (NASDAQ: CALM) has closed the previously announced acquisition of 50 percent of the membership interests of Delta Egg Farm, LLC from Sunbest Foods of Iowa Inc., a Moark, LLC affiliate. Delta Egg Farm owns and operates a feed mill and egg production complex with capacity for approximately 1.2 million laying hens, located near Delta, Utah, ...

Read More »

Cal-Maine buys remaining interest in Delta Egg Farm

JACKSON — Cal-Maine Foods Inc. has reached an agreement to acquire 50 percent of the membership interests of Delta Egg Farm, LLC from Sunbest Foods of Iowa Inc., a Moark, LLC affiliate. Cal-Maine currently owns the remaining 50 percent of Delta Egg Farm, so the entity will become a wholly owned subsidiary of the company. Pursuant to this agreement, Cal-Maine ...

Read More »