Jensen Precast recently installed machinery to manufacture Reinforced Concrete Pipe (RCP) in their Sparks, Nevada facility. The decision to make RCP came in early 2007, after many customers repeatedly asked them to supply it. “RCP is generally used for storm drain applications greater than 15 inches,” Lance Semenko, Senior Vice President of Engineering for Q & D Construction, said. “We specify RCP because it’s stronger...
USG Corporation, a leading building products company, reported that it has entered into an agreement to sell a total of $400 million of 10 percent contingent convertible senior notes due 2018, $300 million to Berkshire Hathaway Inc. and $100 million to Fairfax Financial Holdings Limited. The notes will initially bear interest at a rate of 10 percent per annum. In accordance with New York Stock Exchange rules, USG will seek shareholder approval to...
LandAmerica Financial Group, Inc. announces that the merger agreement previously executed on November 7, 2008 with Fidelity National Financial, Inc. (“Fidelity”) has been terminated. Under the agreement, Fidelity had sole discretion to terminate on or before November 21, 2008. LandAmerica Chairman and Chief Executive Officer Theodore L. Chandler, Jr. said, “We are disappointed with Fidelity’s decision; however, our attention...
GFI Energy Ventures LLC announced today the completion of the sale of its portfolio company, NORESCO, one of the largest providers of energy management and performance contracting services in the United States, to Carrier Corp., the world’s largest provider of HVAC and refrigeration solutions and a subsidiary of United Technologies Corp. NORESCO was previously owned by the OCM/GFI Power Opportunities Fund II, L.P., a private equity fund co-managed...
Property insurance information provider MSB and contents valuation provider Enservio deliver good news to the property insurance industry. Today the companies announce an alliance for delivering contents valuations for property claims through electronic integration between MSB’s IntegriClaim® property claim estimating solution and Enservio’s contents claims management process. Property insurers leveraging IntegriClaim’s Administrator...
Veolia Energy North America, a leader in sustainable energy services and facility operations and management solutions, is pleased to announce that it has entered into an agreement with MultiLayer Coating Technologies, LLC (MCT) to manage an on-site thermal energy plant at MCT’s newly acquired manufacturing facility in New Bedford, Massachusetts. Veolia Energy will also be providing energy procurement services to MCT. “In today’s market, industrial...
Foreclosure avoidance has forced the BUILDER AUCTION of two custom homes. Both auctions are set for Wednesday, December 3, 2008, one at 12 noon and the other at 3:30 p.m. Don’t miss this opportunity to name your price for these lovely properties! One is located in a gated community in Weddington, NC, and the other is in an equestrian community in Waxhaw, NC. Each home boasts exquisite detail throughout, including kitchens that are a cook’s...
The American Hardware Manufacturers Association (AHMA) announced it will present a one and one half day program on the Essentials of Supply Chain Management during the 2009 AHMA Hardlines Technology Forum at the Lowes Philadelphia Hotel in downtown Philadelphia, Pennsylvania. This event will be begin Tuesday morning, April 21, 2009, and will finish with attendees participating in the extremely popular HTF Buyer Panel on April 22nd. The program promises...
Day & Zimmermann, a nationally recognized provider of products and outsourcing solutions for government and commercial customers, today announced that the company’s chairman and CEO, Harold L. Yoh, III, received the 2008 Civic Leadership Award from The League of Women Voters of Pennsylvania. The League of Women Voters, a nonpartisan political organization, encourages informed and active participation in government, works to increase understanding...
RSC Equipment Rental, one of the largest equipment rental providers in North America, will host a case study to spotlight ICM, Inc., who engineers, builds, and supports the global biofuels industry’s most efficient ethanol plants, and exhibit at POWER-GEN International 2008 December 2-4 in Orlando. Both events will showcase RSC’s people, services and equipment while highlighting innovative programs that set RSC apart from the competition. The...