Industries

PPG completes acquisition of global coatings manufacturer Ennis-Flint

Retrieved on: 
Thursday, December 24, 2020

PPG (NYSE:PPG) today announced that it has completed its acquisition of Ennis-Flint.

Key Points: 
  • PPG (NYSE:PPG) today announced that it has completed its acquisition of Ennis-Flint.
  • PPG will provide additional details relating to the business acquisition, including acquisition-related financial impacts, during the companys fourth quarter earnings conference call in January 2021.
  • At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and materials that our customers have trusted for more than 135 years.
  • We protect and beautify the world is a trademark and the PPG Logo is a registered trademark of PPG Industries Ohio, Inc.

Global Organic Dairy Products Market Report 2020 - ResearchAndMarkets.com

Retrieved on: 
Thursday, December 24, 2020

The market is driven by the increasing awareness regarding the benefits of organic dairy products and financial aids and subsidies for organic dairy farmers.

Key Points: 
  • The market is driven by the increasing awareness regarding the benefits of organic dairy products and financial aids and subsidies for organic dairy farmers.
  • The report on organic dairy products market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
  • The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading organic dairy products market vendors that include Acorn Dairy Ltd., Amazon.com Inc., Andechser Molkerei Scheitz GmbH, Arla Foods amba, Aurora Organic Dairy, Barambah Organics Pty Ltd., China Shengmu Organic Milk Ltd., Danone SA, General Mills Inc., and Organic Valley.
  • Also, the organic dairy products market analysis report includes information on upcoming trends and challenges that will influence market growth.

IBM and Airbnb Announce Settlement in Patent Litigation

Retrieved on: 
Thursday, December 24, 2020

ARMONK, N.Y., Dec. 23, 2020 /PRNewswire/ -- IBM (NYSE: IBM ) and Airbnb (NASDAQ: ABNB) today announced that they have settled the patent lawsuit between the companies commenced earlier this year in Federal District Court in Delaware, and the case has been dismissed.

Key Points: 
  • ARMONK, N.Y., Dec. 23, 2020 /PRNewswire/ -- IBM (NYSE: IBM ) and Airbnb (NASDAQ: ABNB) today announced that they have settled the patent lawsuit between the companies commenced earlier this year in Federal District Court in Delaware, and the case has been dismissed.
  • Dr. William Lafontaine, IBM's general manager of intellectual property, said: "IBM invests more than $5 billion annually in research and development.
  • IBM is the world's leading hybrid cloud platform and Artificial Intelligence company.
  • Hosts on Airbnb are everyday people who share their worlds to provide guests with the feeling of connection and being at home.

FTC Imposes Conditions on E. & J. Gallo Winery’s Acquisition of Assets from Constellation Brands, Inc.

Retrieved on: 
Thursday, December 24, 2020

FTC Imposes Conditions on E. & J. Gallo Winery’s Acquisition of Assets from Constellation Brands, Inc.Gallos Andr and Constellations Cooks brands are the two largest low-priced sparkling wine brands in the United States; other competitors are significantly smaller.

Key Points: 

FTC Imposes Conditions on E. & J. Gallo Winery’s Acquisition of Assets from Constellation Brands, Inc.

    • Gallos Andr and Constellations Cooks brands are the two largest low-priced sparkling wine brands in the United States; other competitors are significantly smaller.
    • These sparkling wines are predominately sold to off-premise retailers such as grocery stores, liquor stores, and convenience stores.
    • There is a large price differential between low-priced U.S.-made brandies and high-end brandies, which are typically imported.
    • Gallos E & J Brandy and Constellations Paul Masson brandy are the two largest low-priced brandies in the United States.
    • Under the terms of the proposed consent agreement, Constellation is required to divest its Paul Masson brandy business to Sazerac Company, Inc.
    • As proposed, the acquisition would result in Gallo owning three of the top four low-priced port and sherry brands.
    • Under the terms of the proposed consent agreement, Gallo is required to divest Sheffield Cellars and Fairbanks low-priced port and sherry brands to Precept Brands LLC.
    • Gallo and Constellation are the two largest HCC producers in the United States, and there is only one other domestic producer.
    • Under the terms of the proposed consent agreement, Constellation is required to divest its concentrates business, including HCCs, to Vie-Del Company.

Scrum Ventures Announces Expanded Partners and Reveals Early Accepted Startups to Food Tech Studio - Bites!

Retrieved on: 
Wednesday, December 23, 2020

The program has also expanded its Leadership Circle with the addition of Fujicco, House Foods, Kagome and Tokyo Gas as partners.

Key Points: 
  • The program has also expanded its Leadership Circle with the addition of Fujicco, House Foods, Kagome and Tokyo Gas as partners.
  • Hitachi Global Life Solutions, JR East and Orange Page were also added on as strategic partners.
  • Over the next month, Scrum Ventures will work closely with its partners on the final selection process that will bring better and more efficient processes within the food development ecosystem.
  • For more information on Scrum Ventures and Food Tech Studio - Bites!, please visit: https://www.foodtech.studio/

RLS (USA) Inc. Loses Courier in Fatal Motor Vehicle Accident

Retrieved on: 
Wednesday, December 23, 2020

Earlier today, a senior courier with RLS (formerly GE Healthcare) passed away in a fatal three-vehicle accident on Route 47 South in Maurice River, New Jersey.

Key Points: 
  • Earlier today, a senior courier with RLS (formerly GE Healthcare) passed away in a fatal three-vehicle accident on Route 47 South in Maurice River, New Jersey.
  • RLS CEO, Werner Gruner, stated: We are devastated by the loss of life.
  • I spoke with the deceaseds wife and expressed our heartfelt condolences as well as our reassurance that Human Resources stands ready to support their family during this difficult time.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20201223005548/en/

LMP Automotive Holdings, Inc. Receives General Motors’ Manufacturer Approval for Certain of its Subsidiaries as it Relates to its Stage 1 Southeast Acquisitions

Retrieved on: 
Wednesday, December 23, 2020

Richard Aldahan, LMPs Chief Operating Officer, stated, As of 2020, General Motors is ranked number 18 on the Fortune 500 list of the largest United States corporations by total revenue.

Key Points: 
  • Richard Aldahan, LMPs Chief Operating Officer, stated, As of 2020, General Motors is ranked number 18 on the Fortune 500 list of the largest United States corporations by total revenue.
  • We are honored to commence our relationship with General Motors and look forward to working together in representing its product lineup.
  • I want to thank the General Motors team for its professionalism and confidence in LMP throughout this process.
  • LMP Automotive Holdings, Inc. (NASDAQ: LMPX) describes its business model as Buy, Subscribe, Sell and Repeat.

Shawcor Announces the Sale of its Products Business

Retrieved on: 
Wednesday, December 23, 2020

TORONTO, Dec. 23, 2020 (GLOBE NEWSWIRE) -- Shawcor Ltd. (Shawcor or the Company) (TSX: SCL) today announced the sale of its Pipeline Performance Products business (the Products business) to Seal For Life Industries (Seal For Life), a platform of Arsenal Capital Partners, a private equity investment firm based out of New York.

Key Points: 
  • TORONTO, Dec. 23, 2020 (GLOBE NEWSWIRE) -- Shawcor Ltd. (Shawcor or the Company) (TSX: SCL) today announced the sale of its Pipeline Performance Products business (the Products business) to Seal For Life Industries (Seal For Life), a platform of Arsenal Capital Partners, a private equity investment firm based out of New York.
  • The Products business has provided stable returns to Shawcor for many years.
  • We would like to extend our gratitude to the employees and customers of the Products business who have contributed to the successes of Shawcor over the years, and we are confident in the continued success of the business under Seal For Lifes ownership.
  • The Products business generated revenues of approximately USD $85 million in 2019.

RTX DEC. 29 DEADLINE: Zhang Investor Law Reminds Investors with Losses of the Deadline in Securities Class Action Lawsuit Against Raytheon Technologies Corporation – RTX

Retrieved on: 
Wednesday, December 23, 2020

NEW YORK, Dec. 23, 2020 (GLOBE NEWSWIRE) -- Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Raytheon Technologies Corporation f/k/a Raytheon Company (NYSE: RTX, RTN) between February 10, 2016 and October 27, 2020, inclusive (the Class Period).

Key Points: 
  • NEW YORK, Dec. 23, 2020 (GLOBE NEWSWIRE) -- Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Raytheon Technologies Corporation f/k/a Raytheon Company (NYSE: RTX, RTN) between February 10, 2016 and October 27, 2020, inclusive (the Class Period).
  • A class action lawsuit has already been filed.
  • If you wish to serve as lead plaintiff, you must move the Court no later than December 29, 2020.
  • To join the class action, go to http://zhanginvestorlaw.com/join-action-form/?slug=raytheon-technologies... or call Sophie Zhang, Esq.

Atari Founder & Technology Innovator Nolan Bushnell Joins Esports Technologies as Strategic Advisor

Retrieved on: 
Wednesday, December 23, 2020

A pioneering legend in video gaming, Bushnell will lend his vision and creativity to the positioning of Esports Technologies and its products.

Key Points: 
  • A pioneering legend in video gaming, Bushnell will lend his vision and creativity to the positioning of Esports Technologies and its products.
  • Four years later, Bushnell founded Catalyst Technologies Venture Capital Group, the first "technology incubator" dedicated to startup and early-stage tech companies.
  • "Esports has exploded in 2020, providing Esports Technologies with a huge opportunity," said Bushnell.
  • Nolan Bushnell created video gaming as we know it, and his strategic insight will help shape the future of Esports Technologies.