GLENDALE: Avery Dennison has acquired the business of Ohio-based ACPO Ltd. for the purchase price of $87.6 million, subject to certain post-closing adjustments. ACPO is a leader in pressure-sensitive overlaminate products for the label and flexible packaging markets and has approximately 170 employees. Avery Dennison has acquired the majority of ACPO’s assets, including coating, finishing…
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GAN Limited completes acquisition of Coolbet
IRVINE: GAN Limited, a leading business-to-business supplier of internet gaming software-as-a-service solutions to the U.S. land-based casino industry, announced the completion of the Vincent Group (Coolbet) acquisition for a total purchase price of €149.1 million in cash and stock, as adjusted pursuant to the Share Exchange Agreement. Highlights: Dermot Smurfit Commented: “The completion of the…
Tesla to deliver China-made Model Y SUVs this month
BEIJING: Tesla Inc has started selling China-made Model Y sport-utility vehicles (SUV) and will deliver them to customers this month, a news release said. China, which offers hefty subsidies for electric vehicles as it seeks to cut down on pollution from petrol or diesel cars, is key to Tesla’s global strategy. It is expanding its…
Black Bear Sports Group Acquires 23rd Ice Arena
HARRISBURG: An affiliate of Black Bear Sports Group Inc. has acquired Twin Ponds East Arena in Harrisburg PA. The Arena features two NHL ice sheets and one smaller training sheet, a café, pro shop and athletic turf designed for baseball training. The Arena is home to many figure skaters and youth hockey players in the…
Imperial Dade signs agreement to acquire Industrial Soap Company
JERSEY CITY: Imperial Dade, a leading distributor of food service packaging and janitorial supplies, has entered into a definitive agreement to acquire Industrial Soap Company, a news release said. The transaction represents the 32nd acquisition for Imperial Dade under the leadership of Robert and Jason Tillis, CEO and President of Imperial Dade, respectively. Financial terms…
Comtech Telecommunications extends term of acquisition agreement for UHP
MELVILLE: Comtech Telecommunications Corp. and UHP Networks Inc., a leading provider of innovative and disruptive satellite ground station technology solutions, agreed to extend their agreement for Comtech’s purchase of UHP, which was originally announced in November 2019, until February 28, 2021. UHP is based in Canada and has developed revolutionary technology that is transforming the…
JCPenney launches search for a new Chief Executive Officer
PLANO: JCPenney’s new ownership group, consisting of Simon Property Group and Brookfield Asset Management, along with strategic partner Authentic Brands Group, have launched a search for a Chief Executive Officer to replace Jill Soltau, who will be exiting the company effective December 31, 2020. The search will seek to identify a leader that is focused…
Ennis Inc. to acquire assets of Infoseal
MIDLOTHIAN: Ennis Inc. announced that one of its wholly owned subsidiaries has entered into a Letter of Intent to acquire the assets and assume some liabilities of Infoseal LLC in Roanoke, Virginia. Infoseal provides pressure seal and tax forms products to independent print brokers and resellers. The Ennis subsidiary, operating under the Infoseal brand and…
Boston Omaha Corporation acquires Utah Broadband LLC
OMAHA: Boston Omaha Corporation through its wholly owned subsidiary FIF Utah LLC has completed the acquisition of Utah Broadband LLC (UBB), a family-owned broadband fiber and fixed wireless internet service provider. Founded in 2002, UBB provides high-speed internet services to its well over 10,000 customers throughout Salt Lake City, Park City, Ogden, Provo and surrounding…
Paramount completes $103 million sale of 1899 Pennsylvania Avenue
NEW YORK: Paramount Group Inc. has completed the previously announced sale of 1899 Pennsylvania Avenue, a 190,955 square foot trophy office building located in Washington, D.C. The final sales price was $103 million, and reflected a $12 million, or 10% reduction versus the previously announced sales price, due to the ongoing COVID-19 pandemic. With the…
Balfour Beatty appoints Troy Dickson as new President in the Northwest
SEATTLE: Balfour Beatty announced the promotion of Portland-based executive, Troy Dickson, to president in the Northwest. Balfour Beatty operates in the Northwest as Howard S Wright. Dickson will replace former Northwest President, Dan Peyovich, and will provide strategic oversight for the Oregon and Washington State offices. Additionally, he will work alongside the local leadership teams…
Ryanair restricts non-EU voting rights to protect its EU Airline Licences Post-Brexit
LONDON: As previously advised and announced by Ryanair Holdings PLC (the “Company”) on 11 March 2019, the Company must take steps to ensure that it (and therefore its subsidiary EU airlines) will remain majority EU owned and controlled following Brexit. This is necessary to ensure continued compliance with the airline ownership and control requirements of…