Siemens Energy Acquires the eHouse Manufacturing Business of IES
Business portfolio expanded to include eHouse manufacturing capabilities ORLANDO, Fla., Dec. 14, 2010 - Siemens Energy, Inc. is expanding its business portfolio by acquiring an eHouse manufacturing division of Integrated Electrical Services, Inc. (IES), a leading national electrical and communications service provider based in Houston, Texas. Formerly known as Tesla Power & Automation, this newly...
Read More »Blossman Gas Announces Acquisition of Alabama-Based Propane Marketer
OCEAN SPRINGS, Miss., Dec. 13, 2010 - Blossman Gas, Inc. has announced the purchase of Uneeda Gas CO Inc., an Alabama-based propane retailer in Alexander City. We welcome the employees of Uneeda Gas to the Blossman family, and are excited about the new opportunities in this market, says Blossman Gas President and CEO Stuart Weidie. The assets acquired through the purchase of Uneeda will integrate...
Read More »Alpha Packaging Completes Acquisition of Progressive Plastics
Purchase Adds Over 160 Stock Items to Alpha's Product Offerings and Greatly Expands Alpha's 2-Stage PET Molding Capabilities ST. LOUIS, MO - Alpha Packaging ( Alpha ) announced today that it has acquired Progressive Plastics, Inc. ( Progressive ) of Cleveland, Ohio, in its largest acquisition to date. Progressive is a manufacturer and decorator of plastic bottles and containers primarily for the...
Read More »Magic Software Strengthens Global Presence with a New Acquisition
The company signed a purchase agreement with its South African distributor OR YEHUDA, Israel, Dec. 13, 2010 - Magic Software Enterprises Ltd. (Nasdaq: MGIC), a leading provider of cloud and on-premise application platform and business integration solutions, announced today that it signed a purchase agreement to acquire its South African distributor, Magix Integration (Pty) Ltd. Magic Software is...
Read More »Bunge to Purchase California Rice Mill
ST. LOUIS, Dec. 13, 2010 - Bunge North America, the North American operating arm of Bunge Limited (NYSE: BG), announced that it has agreed to buy the rice milling business of Pacific International Rice Mills, LLC, a subsidiary of Anheuser-Busch, Inc. The purchase is expected to close by the end of the year, subject to customary closing conditions. Financial terms were not disclosed. Pacific...
Read More »ConvergEx to Acquire LDB Consulting
NEW YORK, Dec. 13, 2010 - ConvergEx Group, a leading technology company, today announced that it has signed a definitive agreement to acquire LDB Consulting, Inc., a company that develops software that assists in the computation and optimization of capital charges, including security haircuts and margins. Founded in 1987, LDB's software suite performs various calculations, including: optimized...
Read More »Covanta Enters Agreement to Sell Its Interest in Quezon Project
MORRISTOWN, N.J., Dec. 13, 2010 - Covanta Holding Corporation (NYSE: CVA) (the Company or Covanta ), today announced that it has agreed to sell all of its interests in the Quezon coal-fired electric generation facility located in the Philippines to Electricity Generating PCL ( EGCO ) for a price of approximately $215 million in cash. EGCO is a current partner in the Quezon project and we expect...
Read More »Deloitte Acquires the Assets of ClearCarbon Consulting, Inc. and DOMANI Sustainability Consulting, LLC to Further Enhance Sustainability Offerings
Both Organizations to be Integrated into Deloitte's Sustainability Services NEW YORK, Dec. 13, 2010 - Deloitte today announced it has acquired the assets of ClearCarbon Consulting, Inc. (ClearCarbon) and DOMANI Sustainability Consulting, LLC, (DOMANI) both of which will be integrated into Deloitte's sustainability services. With ClearCarbon and DOMANI, Deloitte takes a significant step forward in...
Read More »Regal Beloit Corporation to Acquire Electrical Products Company from A.O. Smith Corporation
BELOIT, Wis., Dec. 13, 2010 - REGAL BELOIT CORPORATION (NYSE: RBC) today announced it has entered into an agreement to acquire 100% of the stock and assets of the Electrical Products Company ( EPC ) from A.O. Smith Corporation (NYSE: AOS). EPC manufactures and sells a full line of motors for hermetic, pump, distribution, HVAC and general industrial applications. Total consideration for the...
Read More »A. O. Smith Reaches Agreement to Sell Electric Motor Division to Regal Beloit Corporation for $875 Million
Company Intends to Explore High-Growth Markets and Expansion Opportunities into New Geographies and Adjacent Technologies MILWAUKEE, Dec. 13, 2010 - A. O. Smith Corporation (NYSE: AOS) announced today it has entered into a definitive agreement to sell its Electrical Products Company, an operating segment that is one of the largest manufacturers of electric motors for residential and commercial...
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