SAINT JOHN, New Brunswick, Jan. 02, 2025 (GLOBE NEWSWIRE) — Irving Forest Products, which owns and operates wood processing facilities in Maine and New York State, will acquire the Masardis Sawmill in Masardis, Maine. The sale will close January 5, 2025. Previously owned by Groupe Lebel, the Masardis operation has a long history of producing random-length spruce and fir lumber. It currently employs 80 people and has the capacity to produce 115 million board feet annually. The sawmill is located within close proximity to Irving’s 1.3 million acres of timberlands in Maine. “We are excited to grow our lumber production capacity in the state of Maine,” said Jerome Pelletier, VP of Irving Forest Products. “The Masardis mill is well-located to access high-quality timber. It is also serviced by the Maine Northern Railway and benefits...

EAGLE, Idaho, Jan. 02, 2025 (GLOBE NEWSWIRE) — The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice, and senior living companies, today announced that it has closed on the purchase of certain Oregon assets of Signature Healthcare at Home (“Signature”). Pennant completed its purchase of Signature’s Idaho and Washington assets on August 1, 2024 and its purchase of certain of Signature’s Oregon assets on January 1, 2025, thus concluding the full two-stage acquisition as previously announced. The Oregon assets include seven locations across the state, adding to Pennant’s existing presence in Portland and Grant’s Pass. “We are delighted to welcome these operations to the Pennant fold,” said Brent Guerisoli, Pennant’s Chief Executive Officer. “This is a substantial purchase...

LA JOLLA, Calif., Jan. 02, 2025 (GLOBE NEWSWIRE) — Palomar Holdings, Inc. (NASDAQ: PLMR) (“Palomar” or the “Company”) today announced the completion of the Company’s acquisition of First Indemnity of America Insurance Company (“FIA”), effective January 1, 2025. “I am very excited to announce the completion of our acquisition of FIA and to welcome FIA’s management team, employees and insureds to Palomar,” commented Mac Armstrong, Palomar’s Chairman and Chief Executive Officer. “This transaction provides us entry into the Surety market, a highly profitable line of business with a healthy growth profile. FIA’s leaders are industry veterans with decades of underwriting and claims experience who have delivered loss ratios that have outperformed the broader surety market over the past five years.” Mr. Armstrong added, “Expanding into...

Acquisition builds on the company’s revenue recovery portfolio with increased support for Amazon sellers Company to host conference call today at 5:00 p.m. ET MINNEAPOLIS, Jan. 02, 2025 (GLOBE NEWSWIRE) — SPS Commerce, Inc. (NASDAQ: SPSC), a leader in retail supply chain cloud services, today announced that it has reached an agreement to acquire Carbon6 Technologies, Inc. (Carbon6), a provider of software tools to Amazon sellers, including specialized offerings for revenue recovery for both first-party (1P) and third-party (3P) suppliers. The transaction is subject to customary closing conditions, including any necessary regulatory approvals. Whether selling to Amazon as a first-party seller or through Amazon’s marketplace as a third-party seller, there are specific supply chain processes suppliers must adopt to maximize revenue...

Full Year Investment Activity Reached $134.7 Million; Dispositions Totaled $75.6 Million WINTER PARK, Fla., Jan. 02, 2025 (GLOBE NEWSWIRE) — Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company” or “PINE”), an owner and operator of single tenant net leased commercial income properties, today announced the acquisition of a property leased to Lowe’s Home Improvement, and updated fourth quarter and full year 2024 investment and disposition activity.  2024 Investment Activity Completed a $22.5 million purchase of a single-tenant property leased to Lowe’s Home Improvement located in Knoxville, TN in December 2024. The lease has approximately 13 years of remaining term. Lowe’s (S&P rating: BBB+) is now the Company’s second largest tenant based on annual base rent (“ABR”) after Dick’s Sporting Goods (S&P rating: BBB).    Full...

EssilorLuxottica strengthens its presence in the hearing space with the acquisition of an AI-driven tech startup in France Pulse Audition features technology that can embed AI-based speech enhancement into glasses Paris, France (2 January 2025) – EssilorLuxottica takes a leap forward in its innovation journey with the acquisition of Pulse Audition, a French startup delivering AI-based noise reduction and voice enhancement through algorithms allowing people with hearing impairment to better understand speech, even in noisy environments. By integrating Pulse Audition’s proprietary technologies, expertise in AI software development, embedded AI, and audio signal processing, as well as its top talents, EssilorLuxottica will complement proprietary hardware and software to improve the quality of its products and solutions in the long-term....

Press release02 January 2025 – N° 01 SCOR finalizes the sale of its stakein the Humensis group SCOR announces that it has finalized the sale of its stake in the capital of Humensis to Huyghens de Participations, the holding company of the Albin Michel group. Humensis was founded in 2016 with the aim of spreading knowledge. SCOR supported its development, making it the ninth largest generalist and educational publishing group in France. Initially structured around Presses Universitaires de France (PUF) and Editions Belin, Humensis is now a diversified company made up of strong, recognized brands (Belin, PUF, Que sais-je ?, Editions de l’Observatoire, Editions des Equateurs, and more). By selling its stake to Albin Michel, SCOR is entrusting a key player in the publishing industry with the preservation and future development of the...

TORONTO, Jan. 02, 2025 (GLOBE NEWSWIRE) — Mattr Corp. (“Mattr” or the “Company”) (TSX: MATR) announced today that it has closed its previously announced acquisition of AmerCable Incorporated (“AmerCable”) [see press release], which now forms part of Mattr’s Connection Technologies reporting segment. Under the terms of the transaction, Mattr has acquired all of the outstanding shares of AmerCable from Nexans USA Inc. (“Nexans”) (EPA:NEX) for a purchase price of US$280M. “The addition of AmerCable to our portfolio positions Mattr as a premier provider of highly engineered wire and cable technologies across the North American marketplace,” said Mike Reeves, Mattr’s President and CEO. “AmerCable’s broad portfolio of low and medium-voltage electrical power, control and instrumentation cable solutions expands and complements Mattr’s...

Nexans completes the sale of AmerCable to Mattr _PRESS RELEASE_ Paris, January 2, 2025 – Nexans announces today the completion of the sale of AmerCable, a leading manufacturer of electrical power, control and instrumentation cables for harsh environments, to Mattr, for an enterprise value of US$280 million. Christopher Guérin, CEO of Nexans stated: “The completion of this transaction marks yet another significant milestone in our journey to refocus the Group on electrification and simplify our portfolio. Over the past decade, AmerCable has been transformed into a high-performing business, achieving its full potential under our SHIFT program. We thank our AmerCable colleagues for their dedication and contributions and wish them every success for their exciting next chapter.” The divestiture aligns with Nexans’ long-term strategy and allows...

Cathy MahaffeyCathy Mahaffey has led CGHC since 2014 and will continue to lead in a new role as CEO, Common Ground Healthcare Cooperative and CareSource market president, Wisconsin.Scott MarkovichScott Markovich is the executive vice president of markets and products at CareSource.DAYTON, Ohio/BROOKFIELD, Wis., Jan. 02, 2025 (GLOBE NEWSWIRE) — The Wisconsin Office of the Commissioner of Insurance has approved the affiliation between CareSource and Common Ground Healthcare Cooperative (CGHC), enabling the two nonprofit organizations to close their transaction effective Jan. 1, 2025. The decision follows the Centers for Medicare & Medicaid Services Center for Consumer Information and Insurance Oversight’s action to allow the agreement to move forward. The new affiliation will enhance the ways both nonprofit...