Day: March 2, 2021

CHICAGO, March 02, 2021 (GLOBE NEWSWIRE) — GTreasury, a treasury and risk management platform provider, today announced the acquisition of Coprocess, the leading provider of intercompany netting solutions. Adding intercompany netting to the GTreasury platform and ecosystem gives corporate treasurers the ability to significantly streamline their settlement processes, cut costs by reducing payments and FX volumes, and add new automated efficiencies into their treasury workflows.“GTreasury continues to look for ways to empower corporate treasurers to do their jobs more effectively, more efficiently, and with less cost to their organizations,” said Renaat Ver Eecke, CEO, GTreasury. “The complexities of doing business across countries and across banks continues to grow, and the technologies that treasurers rely on must keep up with that...

LOS ANGELES, March 02, 2021 (GLOBE NEWSWIRE) — PLBY Group, Inc. (Nasdaq: PLBY) (the “Company”), a leading pleasure and leisure lifestyle company and owner of Playboy, one of the most recognizable and iconic brands in the world, today announced the completion of its previously announced deal to acquire TLA Acquisition Corp., the parent company of the Lovers family of stores (“Lovers”), a leading omni-channel online and brick-and-mortar sexual wellness chain, with 41 stores in five states.The acquisition of 100% of the equity of Lovers was completed for a purchase price of $25M of cash. Lovers is expected to generate $45M in revenue over the next twelve months, and approximately $5M of Adjusted EBITDA. The deal is immediately accretive to shareholders on a per share basis. Barbara Cook, CEO of Lovers, will join PLBY Group as Executive...

Highlights:EarthRenew advances its growth strategy into the United States through the signing of a non-binding letter of intent with Diamond Feeders, the owner of a 50,000 head feedlot in Colorado.The new site is projected to provide EarthRenew with strategic access to the southwestern United States, one of the largest organic markets in the world.The new site is being designed to produce over 40,000 tonnes of finished product per year and can serve as a blending and granulation facility to meet United States demand.Once binding agreements are signed, we anticipate it will take approximately 12 months to permit, design and construct the blending and granulation facility, and a further 12 months to permit, design and construct the EarthRenew production facility.We continue to scout additional United States sites to support a broader growth...