CSX Corp. (“CSX”) announced today the appointment of Steve Fortune as executive vice president and chief digital and technology officer. Mr. Fortune will lead all digital and technology operations and planning for CSX, and will focus on harnessing transformative technologies to unlock growth and enable continued efficiency across the business. Steve Fortune, formerly chief information […]
Greif, Inc. Completes the Sale of Flexible Packaging Joint Venture to Gulf Refined Packaging
Greif, Inc., a global leader and industrial packaging solutions provider, announced today that it has completed its previously announced divestiture of the Flexible Packaging joint venture, or “FPS” for a total cash consideration of $123 million, subject to certain conditions and post-closing adjustments, to Gulf Refined Packaging. “Completion of the FPS divestiture and the exit […]
PPG Completes Acquisition of Arsonsisi’s Powder Coatings Manufacturing Business
PPG today announced that it has completed its acquisition of the powder coatings manufacturing business of Arsonsisi, an industrial coatings company based in Milan, Italy. Financial terms were not disclosed. The transaction will provide PPG with a highly automated, small- and large-batch capable, powder manufacturing plant in Verbania, Italy. PPG will also now have metallic […]
PPG Divests Certain Business Activities in Africa toOcéinde
PPG today announced that it has agreed to divest certain business activities in Senegal, Ivory Coast, Cameroon, Gabon and Algeria to Océinde, an industrial group based in Réunion, France. Océinde will continue to offer the existing range of products, including SEIGNEURIE® paint, through a licensing and distribution agreement. Océinde has a range of business activities […]
7 Reasons Leaders Fail: #4- Taking People for Granted
Employees keep a business moving and growing, but they’re also people who don’t want to feel as if they’re being taken for granted. It’s easy to celebrate together when things are going well, but if leaders want their teams to rally round them when things are tough, associates need to feel appreciated and know leaders […]
BillerudKorsnäs Completes Acquisition of Verso
BillerudKorsnäs announces the completion of its acquisition of Verso for a purchase price of approximately USD 825 million in cash. Verso is a leading producer of coated paper in North America, with 2021 net sales of USD 1 278 million and adjusted EBITDA of USD 223 million. The acquisition of Verso reinforces BillerudKorsnäs’ strategy to […]
Epicor Appoints Lisa Pope as President
Epicor, a global leader of industry-specific enterprise software to promote business growth, announced it has appointed Lisa Pope as President of the company. Pope will continue to lead overall go-to-market strategy and execution, spearheading the company’s cloud-first, market growth initiatives that empower Epicor customers to drive business value in a complex and dynamic world. “Lisa […]
GreenFirst Hires Alfred Colas as Chief Financial Officer
GreenFirst Forest Products Inc. (“GreenFirst” or the “Company”) announced that Michael Liggett, Chief Financial Officer will be transitioning to an on-going consultative role. Mr. Alfred Colas will start as Chief Financial Officer of GreenFirst effective April 4, 2022. The Company and its Board of Directors would like to thank Mr. Liggett for his significant contribution […]
Freddie Mac: Mortgage Rates Exceed Four and a Half Percent
Freddie Mac today released the results of its Primary Mortgage Market Survey® (“PMMS”®), showing that the 30-year fixed-rate mortgage (“FRM”) averaged 4.67 percent. “Mortgage rates continued moving upward in the face of rapidly rising inflation as well as the prospect of strong demand for goods and ongoing supply disruptions,” said Sam Khater, Freddie Mac’s Chief Economist. “Purchase demand […]
Musser Biomass and Wood Products, LLC. First in United States to Install Dryer One of Belgium to Add 2nd Dryer and Double Production
After a successful launch in 2021, Musser Biomass and Wood Products, LLC in Rural Retreat, VA will bring online its Second dryer from Belgium Company, Dryer One the end of 2022. President, Ed Musser, announced the company’s plans on April 1, 2022. In addition to the second dryer, the company plans to open a pulpwood […]