Content about Company Affiliates

August 18, 2014

Koppers Inc., a wholly-owned subsidiary of Koppers Holdings Inc., completed the acquisition of the Wood Preservation and Railroad Services businesses of Osmose Holdings.

April 8, 2014

Sears Holdings (SHLD) took a dip of 6.35% after breaking things off officially with its Lands' End business unit, which is now trading as a separate entity under the ticker symbol LE.

April 2, 2014

Central Garden & Pet Company has purchased certain assets of Envincio LLC, a wholly owned subsidiary of SantoLubes LLC.

The purchase includes established brands, EPA registration assets, inventory and trade receivables.

“This acquisition will enable Central to be a key supplier and product innovator in the growing natural insecticides product market, often characterized as EPA-exempt products, as well as expanding offerings in traditional pesticides,” said Frank Jusich, SVP Professional Brands.

April 2, 2014

The Window and Door Manufacturers Association (WDMA) elected Steve Donner of Weiland Sliding Doors & Windows in Oceanside, Calif., as the association's 2014-2015 chair.

He replaces outgoing Chair Mike Salsieder, of Kolbe & Kolbe Millwork in Wausau, Wisc.

February 18, 2014

Beloit, Wis.-based ABC Supply Co. promoted Todd Buehl to the position of chief financial officer and treasurer, effective April 1. Buehl, who joined ABC Supply as vice president and chief administrative officer in 2012, succeeds Kendra Story, who is retiring as chief financial officer and treasurer after nearly 32 years with the company.    

January 16, 2014

Raynoier's board of directors has promoted Lynn Wilson to the post of EVP forest resources.

Wilson, who has over 20 years of experience in the forestry industry, currently oversees 2.6 million acres of timberland in nine U.S. states and New Zealand, as well as the administration of the company's Land Information Services and timberland acquisition team.

Prior to her role at Rayonier, she served as VP operations support at Plum Creek, where she had held several roles of increasing responsibility.

December 6, 2013

In a not-so-unexpected move, Sears Holdings Corp. on Friday said it had filed to spin off its Lands' End unit.

Sears has been selling or spinning off assets during the past few years as it struggles to turn around its business. The company sold its Orchard Supply Hardware Stores and its Sears Hometown and Outlet Stores businesses last year. In October, Sears said it would consider strategic alternatives for its line of auto centers. Sears also is selling some store leases in Canada.

September 17, 2013

Terry L. Polistina, president of the Global Appliances division at Spectrum Brands Holdings, Inc., is stepping down following the completion of a months-long succession plan. He will continue to serve as a member of the company's Board of Directors.

Effective Sept. 30, Polistina will leave the company on the heels of a successful multi-year restructuring and integration of the Global Appliances business. His planned departure has made way for a new management structure at the company, per a succession plan outlined earlier in the year.

August 15, 2013

Haier America is becoming a wholly owned subsidiary of the multinational Haier Group in a move that aims to strengthen the company's focus on the Americas.

Previously, Haier America was owned in part by joint-venture shareholders.

"This is an important step forward for Haier," said Shariff Kan, president and CEO of Haier America. "The acquisition is being made to further align the company's global resources toward growth and success for the Haier brand in North and South America."

August 15, 2013

Whirlpool has entered into agreements to become a majority shareholder in Hefei Rongshida Sanyo Electric Co., a leading home appliances manufacturer based in Hefei, China.

Through this transaction, a Whirlpool subsidiary will acquire all shares currently owned by Sanyo Electric Co. and Sanyo Electric Co. (China), and purchase new Hefei Sanyo shares via a private placement. 

August 14, 2013

Paint giant Valspar has every intention of profiting from its move to acquire the Ace Hardware private-label paint business, it just hasn't happened yet.

Valspar executives walked analysts through the plan during the company's third-quarter conference call. The analysts seemed highly interested in Valspar's seven-month-old relationship with Ace. 

August 13, 2013

P&F Industries, Inc. reported robust second quarter earnings, primarily due to a strong Tools segment and the recent entry of its Florida Pneumatic subsidiary into The Home Depot market.

Net revenue came in at $19.48 million for the quarter, a big jump up from year-ago figures of $15.24 million. Net income was $875,000, compared to last year's $796,000.

June 27, 2013

The Orchard Supply Hardware brand will carry on as a division of Lowe’s, but the ticker symbol will not.

The NASDAQ Stock Market removed Orchard’s class A common stock from listing on the market Wednesday, marking the end of a brief era for the OSH ticker symbol.

June 10, 2013

Orchard Supply Hardware, the historic California brand that has strived to strike a happy medium between big-box home center and friendly neighborhood hardware store, is considering a bankruptcy option, according to a report in Bloomberg News.

The report also says the California hardware chain is continuing talks with lenders over its $261 million debt and lease obligations. 

January 8, 2013

The Middleby Corp. has purchased Viking Range Corp. for $380 million in cash. Headquartered in Greenwood, Miss., Viking is a leading manufacturer of high-end residential cooking ranges, ovens and kitchen appliances. Annual revenues are approximately $200 million

November 14, 2012

Johns Manville (JM), a Berkshire Hathaway company and global building products manufacturer, has announced that Todd Raba, Johns Manville chairman, president and CEO, will relinquish his position with the company, effective immediately. Mary Rhinehart will become the new president and CEO of Johns Manville.

July 18, 2012

Bill Myrick, the former CEO of ProBuild and chief operating officer of 84 Lumber, has been hired as CEO of American Builders Supply (ABS), a leading supplier of doors, windows, millwork and trusses to home builders in Florida. ABS, which is owned by Blue Wolf Capital Partners, has five Florida locations and has consolidated four leading independent competitors in the last 15 months.

May 28, 2012

Pacific States Industries, a California-based forest products and building materials company, acquired the privately owned Hoquiam Plywood Co. of Hoquiam, Wash. 

The Hoquiam facility is known for its premium plywood sheathing. Operations at the western Washington facility will come under the direction of Pacific States Plywood (PSP), headquartered in Springfield, Ore.

May 17, 2012

Sears Holdings Corp. has announced plans to pursue a partial spinoff of its interest in Sears Canada.

The move will reduce the Hoffman Estates, Ill.-based Sears Holdings’ stake in Sears Canada from 95% to about 51%, the company said. 

March 6, 2012

Sears Canada is closing three downtown stores in Vancouver, Calgary and Ottawa. The move follows an announcement last month by Sears Holdings, the majority owner of Sears Canada, that it will raise about $770 million by spinning off parts of its business and selling prime real estate.

February 21, 2012

The Empire Co., a wholly owned subsidiary of New Zealand-based Tenon LTD, has been selected as the exclusive distribution partner for Eastman Chemical Company’s new Perennial Wood decking product into Lowe’s stores.

Eastman is a Fortune 500 company with more than 80 years of history in acetylating wood pulp, according to the announcement. In 2010, 13% of Eastman’s total revenues were derived from sales of raw materials to the building and construction industry. 

February 13, 2012

International Paper (IP) has announced the completed acquisition of Temple-Inland, which will now become a wholly owned subsidiary of IP. Under the terms of the transaction, each issued and outstanding share of Temple-Inland common stock will fetch $32.00 in cash, including the assumption of approximately $700 million in Temple-Inland net debt. The total transaction value is approximately $4.5 billion.

February 10, 2012

Bloomington, Minn.-based Toro Co. has acquired certain utility and underground product assets of Astec Underground, a wholly owned subsidiary of Astec Industries. Terms of the transaction were not disclosed. 

January 4, 2012

On its first day of trading on the Nasdaq Capital Market under the symbol "OSH," Orchard Supply Hardware fell $1.47 to close at $23.55.

It was a lackluster day for the company's stock, but the San Jose, Calif.-based hardware chain is eager to begin corporate life as an independent publicly traded company, said CEO Mark Baker.

The retailer completed its spin-off from Sears Holdings Dec. 30 at 11:59 p.m. 

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