Day: April 2, 2024

Virbac acquired Sasaeah, a leading animal health player in Japan

Written by Customer Service on April 2, 2024. Posted in Mergers And Acquisitions.

On April 1, we successfully completed the acquisition of Sasaeah. This strategic acquisition brings Virbac a leadership position in the farm animal vaccines market in Japan, notably in the cattle segment, and a large portfolio of pharmaceutical products for all the major species. Formed through the combination of two legacy animal health providers (Fujita Pharmaceutical Co. Ltd. and Kyoto Biken Laboratories Inc.) under the stewardship of ORIX Corporation, Sasaeah generates annual revenues of about €75 million, of which around 50% from vaccines. With strong footholds in Japan, Sasaeah develops, manufactures and markets a large portfolio of veterinary products targeting both farm animals and companion animals. Virbac will benefit from Sasaeah’s manufacturing sites in Japan and in Vietnam, its R&D capabilities as well as more than 500...

Valleyfield-based Liquiteck acquired by Eastern Canada’s largest industrial process automation supplier, Laurentide Controls

Written by Customer Service on April 2, 2024. Posted in Mergers And Acquisitions.

KIRKLAND, Quebec, April 02, 2024 (GLOBE NEWSWIRE) — Laurentide Controls, the largest supplier of industrial process automation solutions in Eastern Canada, announced today the acquisition of Liquiteck, a prominent industrial pump distributor. This acquisition represents the latest step in Laurentide’s growth, consolidating its position as a major player in the changing industrial ecosystem. As the Emerson Impact Partner for its territory, Laurentide’s core offering consists of process valves, instrumentation, process automation software and industrial reliability solutions including training. In the past 5 years, the Kirkland-based company has bought two valve repair facilities, launched a reliability software spin-off and opened a state-of-the-art remote condition monitoring center in Saint John’s, NL. Adding industrial pumps...

Harvia Plc: Supplement to the proposal by Harvia Plc’s Shareholders’ Nomination Board to the Annual General Meeting 2024

Written by Customer Service on April 2, 2024. Posted in Public Companies.

Supplement to the proposal by Harvia Plc’s Shareholders’ Nomination Board to the Annual General Meeting 2024 Harvia Plc, Stock Exchange Release, April 2, 2024 at 6:30 pm EEST Harvia Plc’s Shareholders’ Nomination Board has supplemented its proposal to the Annual General Meeting 2024 regarding the composition of the Board of Directors and their remuneration. The Nomination Board proposes to the Annual General meeting that a monthly remuneration of EUR 3,500 be paid to the Deputy Chair of the Board of Directors, provided a Deputy Chair is elected. Otherwise, the proposal of the Nomination Board to the Annual General Meeting, to be held on 26 April 2024, remains unchanged. The proposal has been published in a stock exchange release on 13 December 2023. Shareholders’ Nomination Board The Chair of the Nomination Board is Juho Lipsanen,...

VivoPower announces binding heads of agreement to merge Tembo into NASDAQ listed CCTS at an indicative US$838m Equity Value

Written by Customer Service on April 2, 2024. Posted in Mergers And Acquisitions.

Tembo E-LV (“Tembo”), a subsidiary of VivoPower International PLC (“VivoPower”), will merge with CCTS (“Cactus Acquisition Corp. 1 Limited”), a NASDAQ-listed company.Tembo will be the surviving entity and upon closing, will change its name to Tembo Group.CCTS has $25m of cash on its balance sheet, as of its last quarterly filing.VivoPower shareholders on the final record date will receive 5 Tembo Group shares for each 1 VivoPower share held.Final Business Combination Agreement, an independent fairness opinion to be finalised by early May 2024 with the merger targeted for completion by August 2024LONDON, April 02, 2024 (GLOBE NEWSWIRE) — Tembo, a global leader in utility vehicle electrification (“Tembo”), and a subsidiary of VivoPower International PLC (NASDAQ: VVPR, “VivoPower”), today announced it has entered into...

Evome Sells Simbex R&D Business Unit to Riddell for $4.83M in Cash; Improves Balance Sheet, Reduces Biodex Acquisition Debt

Written by Customer Service on April 2, 2024. Posted in Mergers And Acquisitions.

NEW YORK, April 02, 2024 (GLOBE NEWSWIRE) — Evome Medical Technologies Inc. (the “Company” or “Evome”) (TSXV: EVMT) has reached an agreement with EB Sports Corp. (the “Buyer”)‎, the parent company of Riddell Sports Group, an industry leader in football helmet technology and innovation, to sell Simbex LLC (“Simbex”), the Company’s R&D business unit, for approximately $4.83M in cash. The proceeds will be used to pay down Simbex debt and reduce Evome’s acquisition debt to the seller of its operating subsidiary Biodex Rehab Systems, LLC (“Biodex”), strengthening the Company’s balance sheet, as well as increasing focus on revenue and profit growth from the Biodex product line. This focus on revenue growth and market expansion has led Biodex to launch a new, high-tech product called the RST (Reactive Step Trainer). The RST was launched...

Elena Plesco Joins Abacus Life (ABL) as Chief Capital Officer

Written by Customer Service on April 2, 2024. Posted in Public Companies.

ORLANDO, Fla., April 02, 2024 (GLOBE NEWSWIRE) — Abacus Life, Inc. (NASDAQ: ABL) (“Abacus” or the “Company”), a leading buyer of life insurance policies and vertically integrated alternative asset manager specializing in specialty insurance products, today announced that Elena Plesco has joined Abacus as Chief Capital Officer. Based in New York, Ms. Plesco has over a decade of investing experience in the financial services and assets sectors. Ms. Plesco is joining Abacus from KKR, where she served as the Co-Head of Specialty Finance, within the asset-based finance business, focused on debt and equity investments in consumer and esoteric finance companies. Prior to KKR, she worked in the investment banking division of J.P. Morgan where she was involved in a variety of mergers, acquisitions, and other advisory transactions. As Chief...

Toll Brothers to Host Model Home Grand Opening at its New Harris Ranch Community in Sparks, Nevada on April 6

Written by Customer Service on April 2, 2024. Posted in Public Companies.

SPARKS, Nev., April 02, 2024 (GLOBE NEWSWIRE) — Toll Brothers, Inc (NYSE:TOL), the nation’s leading builder of luxury homes, today announced the opening of six new model homes in Harris Ranch, a luxury master-planned community in Sparks, Nevada. Offering two distinctive home collections, Harris Ranch features spacious single-family homes on oversized home sites in the coveted Spanish Springs area of northern Nevada. Home buyers are invited to attend the highly anticipated model home grand opening on Saturday, April 6, 2024 from 10 a.m. to 4 p.m. at 430 La Tray Court in Sparks. Prospective home buyers who visit during the event will enjoy light refreshments and music while exploring six new professionally decorated and landscaped Toll Brothers model homes. Visitors will also get an insider look at available home sites plus move-in...

Swing For the Fences: Denny’s Grand Slam® Giveaway Celebrates Spring and America’s Pastime

Written by Customer Service on April 2, 2024. Posted in Public Companies.

America’s Diner Offers Rewards Members the Chance to Win Free Grand Slams All Season LongDenny’s Grand Slam GiveawayDenny’s Rewards members can enter to win a weekly free Original Grand Slam!Spartanburg, SC, April 02, 2024 (GLOBE NEWSWIRE) — Baseball is back, and Denny’s (NASDAQ: DENN) is celebrating the season by serving up Original Grand Slams for four lucky diner fans throughout the 2024 professional baseball regular season. The Grand Slam Giveaway not only heralds the return of baseball but also the 50th anniversary of a home run record-breaking event on April 8, 1974. “We love feeding America, including their fandom, and there is nothing quite like coming together for delicious food while rooting for your team,” said Sherri Rankin-Landry, Denny’s senior vice president and chief marketing officer....

Pressure BioSciences’ Uncle Bud’s Subsidiary Reports Significant Demand for New UltraShear CBD Body Revive Spray – First Product in New “Premium Collection”

Written by Customer Service on April 2, 2024. Posted in Public Companies.

PBIO Receives Critical Processor License for Industrial Hemp in MA.New License and Relocation to Enhanced Manufacturing Facility Allows Company to Supplement Production with West Coast Partner to Manage Anticipated Onset of Purchase Order Increases. CANTON, Mass., April 02, 2024 (GLOBE NEWSWIRE) — Pressure BioSciences, Inc. (OTCQB: PBIO) (“PBIO” or the “Company”), a leading innovator in high-pressure nanotechnology and a pioneer in the development of novel, broadly-enabling, pressure-based instruments and nanoemulsion products and services for the health & wellness, food & beverage, nutraceutical, cosmeceutical, and other industries, today announced that its wholly-owned Uncle Bud’s Health & Wellness consumer packaged goods subsidiary (“Uncle Bud’s”) has experienced significant sales activity in its revolutionary...

Camposol Holding PLC reports its Fourth Quarter 2023 preliminary results.

Written by Customer Service on April 2, 2024. Posted in Earnings Releases And Operating Results.

Camposol Holding PLC’s sales amounted to USD 464.4 million, with a recorded gross profit margin of 30.8% during 2023. EBITDA from continuing operations reached USD 109.4 million, up 76.1% compared to 2022, with a corresponding EBITDA margin of 23.6%. This increase is mainly explained by higher prices in the blueberry segment. As of December 31st, 2023, the company had a cash balance of USD 23.9 million and a net leverage ratio of 4.79x. The Company continues executing its strategy to become a year-round supplier of fresh fruit to our global clients complementing its Peruvian window operations with investments in Colombia, Uruguay and lately in Chile and Mexico, and capitalizing on its commercial and logistic platforms. To register and participate in the conference call please use the following link: https://register.vevent.com/register/BIe3db9b573c764d349d504d94506a5984 Participants...

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Day: April 2, 2024

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