Day: October 3, 2022

DALTON, Ga., Oct. 03, 2022 (GLOBE NEWSWIRE) — Textile Rubber & Chemical Co., Inc. (TRCC), a global chemical and technology company with manufacturing facilities throughout the world, has acquired 50% of SynLok Technologies, LLC (successor to SynLok Adhesives), a leading manufacturer of eco-friendly polyurethane adhesives used in synthetic turf systems. Brad Church, the founder of SynLok Adhesives, will continue in the leadership role as President and General Manager of SynLok Technologies, LLC. “We are extremely pleased to have Brad and the SynLok team join the TRCC family of companies,” stated TRCC President Chip Howalt. “Together with Brad’s leadership, we will build upon SynLok’s success by expanding its technologies, technical service and sales support.” “This acquisition will allow for increased manufacturing capacity...

Supports Growth Initiatives, Expected to be Accretive to EarningsBalanced Capital Allocation Strategy Includes Share Repurchases in Third Quarter RICHMOND, Va., Oct. 03, 2022 (GLOBE NEWSWIRE) — The Brink’s Company (NYSE:BCO) today announced its acquisition of NoteMachine, one of the leading ATM networks in the United Kingdom, for approximately $179 million or 5.0 times adjusted EBITDA. For the fiscal year ended June 30, 2022, NoteMachine generated revenue of approximately $131 million and adjusted EBITDA of approximately $36 million at current exchange rates. The acquisition is expected to be accretive to earnings in the first year and was financed using available cash and Brink’s existing credit facility. Headquartered in Crickhowell, United Kingdom, NoteMachine manages more than 9,000 ATMs. The acquisition expands the footprint...

Transaction HighlightsCreates a pro forma company with a substantial base of revenues, a solid balance sheet and a path to profitability. A broad range of highly complementary, proprietary and patented, FDA-cleared air purification devices. Powerful brand value and recognition with an installed base of over 350,000 air purification units, providing a foundation for growing recurring revenues from both consumables and the launch of a SaaS software solution to enable facility managers to monitor and control individual room air quality on an enterprise wide basis. Expected double-digit organic revenue growth for the combined company, with gross profit expected to grow faster than revenues due to expanding gross margins. AeroClean (Nasdaq: AERC) will change its name and ticker symbol to Molekule, Inc. (Nasdaq: MKUL). Amin Khoury will assume...

DENVER, Oct. 03, 2022 (GLOBE NEWSWIRE) — National Bank Holdings Corporation (the “Company” or “NBHC”), the holding company for NBH Bank, announced today that it has completed its previously announced acquisition of Bancshares of Jackson Hole Incorporated (“BOJH”), the holding company for Bank of Jackson Hole with operations in Jackson Hole, Wyoming and Idaho. The combined holding company will operate under the National Bank Holdings Corporation name, and the Company’s headquarters remains in Denver, Colorado. With the completion of this exclusively negotiated transaction and the previously announced acquisition of Community Bancorporation on September 1, 2022, NBHC now has approximately $9.7 billion in pro forma assets, including $6.5 billion in total loans, $8.5 billion in total deposits and $676 million in assets under management...

Aligns to Specialty Products Strategy Provides Meaningful Growth Platform in the Pacific Northwest Maintains Strong Financial Position with Ample LiquidityMARIETTA, Ga., Oct. 03, 2022 (GLOBE NEWSWIRE) — BlueLinx Holdings Inc. (NYSE: BXC), a leading U.S. wholesale distributor of building products, announced today that it has acquired privately-held Vandermeer Forest Products (“Vandermeer”), a premier wholesale distributor of building products, for a purchase price of $67.0 million, which includes $3.6 million for the distribution facility and real estate in Spokane, Washington and $63.4 million for the business. Based on preliminary estimates for September 2022 results, this reflects a purchase price multiple for the business of approximately 3.3x trailing twelve-month adjusted EBITDA. Vandermeer’s trailing twelve-month sales...