Koch Industries

MITER Brands Completes Acquisition of PGT Innovations, Inc.

Retrieved on: 
Thursday, March 28, 2024
Home Goods, Construction & Property, Other Manufacturing, Finance, Building Systems, Professional Services, Manufacturing, Retail, Simpson Thacher & Bartlett, United States corporate law, Acquisition, LLP, Koch Industries, PGTI, Gibson Dunn, RBC Capital Markets, Financial services

PGT Innovations, Inc. (“PGTI” or the “Company”) (NYSE: PGTI) today announced that MIWD Holding Company LLC (“MITER Brands”) completed the acquisition of PGTI.

Key Points: 
  • PGT Innovations, Inc. (“PGTI” or the “Company”) (NYSE: PGTI) today announced that MIWD Holding Company LLC (“MITER Brands”) completed the acquisition of PGTI.
  • With the completion of the acquisition, PGTI's common stock has ceased trading and will no longer be listed on the NYSE.
  • KeyBanc Capital Markets Inc. and RBC Capital Markets acted as financial advisors and provided committed debt financing to MITER Brands.
  • Stinson LLP acted as legal counsel and Simpson Thacher & Bartlett LLP acted as debt financing counsel to MITER Brands.

Celestial AI Closes $175 Million Series C Funding Round Led by U.S. Innovative Technology Fund

Retrieved on: 
Wednesday, March 27, 2024
Technology, Semiconductor, Software, Networks, Internet, Hardware, Electronic Design Automation, Data Management, Artificial Intelligence, USIT, SGH, Photonics, Memory, Copper, Celestial, KDT, Koch Industries, AMD, Temasek, Silicon

Celestial AI™ , creator of the Photonic Fabric™ optical interconnect technology platform, today announced it raised $175 million in its Series C funding round led by Thomas Tull’s U.S.

Key Points: 
  • Celestial AI™ , creator of the Photonic Fabric™ optical interconnect technology platform, today announced it raised $175 million in its Series C funding round led by Thomas Tull’s U.S.
  • “This highly oversubscribed financing round is another testament to Celestial AI’s position to disrupt the market, and reflects the magnitude of business opportunity before us,” said Dave Lazovsky, Celestial AI founder and CEO.
  • Celestial AI’s Photonic Fabric optical interconnect technology addresses these critical challenges by revolutionizing memory and compute fabrics.
  • This latest round of funding will enable Celestial AI to execute multiple large-scale customer collaborations focused on commercializing its breakthrough Photonic Fabric technology platform.

PGT Innovations, Inc. Stockholders Approve Proposed Merger with MITER Brands

Retrieved on: 
Monday, March 18, 2024
Retail, Home Goods, Other Manufacturing, Manufacturing, Koch Industries, PGTI, Acquisition

PGT Innovations, Inc. (“PGTI” or the “Company”) (NYSE: PGTI) today announced that its stockholders voted to approve the definitive merger agreement with MIWD Holding Company LLC (“MITER Brands”) and an amendment to the Amended and Restated Certificate of Incorporation of the Company at a special meeting of the Company’s stockholders.

Key Points: 
  • PGT Innovations, Inc. (“PGTI” or the “Company”) (NYSE: PGTI) today announced that its stockholders voted to approve the definitive merger agreement with MIWD Holding Company LLC (“MITER Brands”) and an amendment to the Amended and Restated Certificate of Incorporation of the Company at a special meeting of the Company’s stockholders.
  • The final voting results for the special meeting was filed in a Form 8-K with the U.S. Securities and Exchange Commission on March 18, 2024.
  • As previously announced, under the terms of the definitive merger agreement, MITER Brands will acquire all of the outstanding shares of PGTI common stock for $42.00 per share in cash.
  • Upon completion of the transaction, PGTI will become a privately held company, and its common stock will no longer be listed on any public market.

Hotel Property Management Software Market Projected to Reach $14.71 billion by 2030 - Exclusive Report by 360iResearch

Retrieved on: 
Tuesday, April 2, 2024
HPMS, Deployment, POS, Growth, Intelligence, Housekeeping, Koch Industries, Travel, App Store (iOS/iPadOS), SAP, Huawei, Software, Cisco, European, Tourism, Infor, Restaurant, Table

Hotel property management software (HPMS) addresses the critical needs for real-time operation management, enhanced guest experiences, and streamlined hotel administration.

Key Points: 
  • Hotel property management software (HPMS) addresses the critical needs for real-time operation management, enhanced guest experiences, and streamlined hotel administration.
  • Hoteliers increasingly turn to hotel property management systems (HPMS) to streamline operations and enhance guest experiences to stay competitive in this burgeoning market.
  • We proudly unveil ThinkMi, a cutting-edge AI product designed to transform how businesses interact with the Hotel Property Management Software Market.
  • "Dive into the Hotel Property Management Software Market Landscape: Explore 186 Pages of Insights, 486 Tables, and 24 Figures"

Hotel Property Management Software Market Projected to Reach $14.71 billion by 2030 - Exclusive Report by 360iResearch

Retrieved on: 
Tuesday, April 2, 2024
HPMS, Deployment, POS, Growth, Intelligence, Housekeeping, Koch Industries, Travel, App Store (iOS/iPadOS), SAP, Huawei, Software, Cisco, European, Tourism, Infor, Restaurant, Table

Hotel property management software (HPMS) addresses the critical needs for real-time operation management, enhanced guest experiences, and streamlined hotel administration.

Key Points: 
  • Hotel property management software (HPMS) addresses the critical needs for real-time operation management, enhanced guest experiences, and streamlined hotel administration.
  • Hoteliers increasingly turn to hotel property management systems (HPMS) to streamline operations and enhance guest experiences to stay competitive in this burgeoning market.
  • We proudly unveil ThinkMi, a cutting-edge AI product designed to transform how businesses interact with the Hotel Property Management Software Market.
  • "Dive into the Hotel Property Management Software Market Landscape: Explore 186 Pages of Insights, 486 Tables, and 24 Figures"

Koch Industries Recognized as 2024 ENERGY STAR Partner of the Year for Energy Management

Retrieved on: 
Tuesday, March 26, 2024
Natural gas, Environment, Plant, Greenhouse gas, Safety, GHG, Global warming potential, Health, Recognition, HPC, EnergySolutions, Energy management, Heat, Corrosion, Koch Industries, EPA, CO2, Water, Vision, Georgia-Pacific, Renewable energy

"All of us here at Koch are proud to again be named an EPA ENERGY STAR Partner of the Year," said Sheryl Corrigan, Vice President - Environmental, Health and Safety at Koch Industries.

Key Points: 
  • "All of us here at Koch are proud to again be named an EPA ENERGY STAR Partner of the Year," said Sheryl Corrigan, Vice President - Environmental, Health and Safety at Koch Industries.
  • The award recognizes corporate energy management programs that perform at a superior level, demonstrate best practices across the organization and demonstrate companywide energy savings.
  • Leaf River in New Augusta, Mississippi (Georgia-Pacific)
    These projects have been recognized by fellow EPA Partners as reducing energy intensity in business operations.
  • The ENERGY STAR Challenge for Industry is a call to action for industrial sites to reduce their energy intensity by 10% within five years.

ReGen III Commences Additional Pilot Study with KMPS and Engages ICP Securities Inc. for Automated Market Making Services

Retrieved on: 
Monday, February 26, 2024
Regen, TSX Venture Exchange, API, KMPS, MSU, Patent, Koch Industries, Tax, Legislation, ICP, Fine chemical

Building on prior, successful pilot study work completed by Koch Modular Process Systems ("KMPS"), a subsidiary of Koch Industries , KMPS has commenced additional pilot testing at its Texas facilities.

Key Points: 
  • Building on prior, successful pilot study work completed by Koch Modular Process Systems ("KMPS"), a subsidiary of Koch Industries , KMPS has commenced additional pilot testing at its Texas facilities.
  • The primary purpose of this work is to generate samples of modified base oil products requested by major offtake purchasers.
  • As the process designer for ReGen III's Molecular Separation Unit ("MSU"), KMPS brings over 40 years of industry experience specializing in liquid-liquid extraction systems.
  • The pilot study is expected to wrap up in mid-April 2024, at which time the Company will deliver additional samples to these offtake parties.

CISO GLOBAL APPOINTS TECH VETERAN BRETT CHUGG TO BOARD OF DIRECTORS; CHUGG TO HELP USHER IN NEXT STAGE OF GROWTH

Retrieved on: 
Tuesday, February 27, 2024
Health, Growth, Koch Industries, CISO, Shine Technologies, Software, Management

Scottsdale, Ariz., Feb. 27, 2024 (GLOBE NEWSWIRE) -- CISO Global (NASDAQCM: CISO), an industry leader as a managed cybersecurity and compliance provider, has named Brett Chugg to its Board of Directors.

Key Points: 
  • Scottsdale, Ariz., Feb. 27, 2024 (GLOBE NEWSWIRE) -- CISO Global (NASDAQCM: CISO), an industry leader as a managed cybersecurity and compliance provider, has named Brett Chugg to its Board of Directors.
  • With the appointment of tech veteran Chugg, CISO Global is well positioned for its next stage of growth underpinned by its software-first product platform strategy.
  • During his 25 years at Koch, he led bespoke, structured financial solutions, M&A, and multiple company growth strategies.
  • With complementary and developing capabilities, a shared vision, and a strong, values-based team, we align well to propel CISO Global to the next stage of growth.”

Hillman Reports Fourth Quarter 2023 Results; Provides 2024 Guidance

Retrieved on: 
Thursday, February 22, 2024
Balance sheet, Liquidity, Koch Industries

CINCINNATI, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Hillman Solutions Corp. ( Nasdaq: HLMN ) (the “Company” or “Hillman”), a leading provider of hardware products and merchandising solutions, reported financial results for the thirteen and fifty-two weeks ended December 30, 2023.

Key Points: 
  • CINCINNATI, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Hillman Solutions Corp. ( Nasdaq: HLMN ) (the “Company” or “Hillman”), a leading provider of hardware products and merchandising solutions, reported financial results for the thirteen and fifty-two weeks ended December 30, 2023.
  • Fiscal 2023 consisted of fifty-two weeks compared to fifty-three weeks during fiscal 2022 and the fourth quarter of fiscal 2023 consisted of thirteen weeks compared to fourteen weeks during fiscal 2022.
  • "During 2024 Hillman celebrates its 60th year in business - and we expect to continue to take great care of our customers seeing Adjusted EBITDA margins expand and cash flows normalize following a record cash flow year in 2023.
  • Hillman has provided the following guidance based on its current view of the market and its performance expectations during the fifty-two weeks ended December 28, 2024.

Vance Holtzman Elected to Compass Minerals Board of Directors

Retrieved on: 
Thursday, March 7, 2024
Chemicals, Plastics, Natural Resources, Manufacturing, Mining, Minerals, University, Multimedia, Moses Austin, Investment, Compass, Compass Minerals, Koch Industries, Business administration, Trade, Management

Compass Minerals (NYSE: CMP), a leading global provider of essential minerals, today announced the election of Vance O. Holtzman to the company’s board of directors at its fiscal 2024 annual meeting of shareholders.

Key Points: 
  • Compass Minerals (NYSE: CMP), a leading global provider of essential minerals, today announced the election of Vance O. Holtzman to the company’s board of directors at its fiscal 2024 annual meeting of shareholders.
  • Holtzman was nominated for appointment by Koch Industries Inc. (Koch), pursuant to the terms of the strategic equity investment in Compass Minerals in 2022 by Koch Minerals and Trading LLC (KM&T), a Koch subsidiary.
  • View the full release here: https://www.businesswire.com/news/home/20240307073550/en/
    Vance O. Holtzman, newly elected director for Compass Minerals (NYSE: CMP) (Photo: Business Wire)
    “Vance brings to our board proven financial expertise and considerable experience working with extractive companies like ours.
  • He is currently a member of the board of directors of KOMSA, PQ Corporation and Hybar LLC.