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Ecolab (NYSE: ECL) said minority ownere would sell its entire 30 percentf stake inthe company. Ecolab filerd a registration statement with the Securities and Exchang Commission to allow Henkel to sellall 72.7 milliomn Ecolab shares it Ecolab said it has agreed to buy $300 million of its shares directly from To pay for the shares, Ecolahb is using its cash, commercial paper and committed bank lines. Doug Baker, Ecolab’as chairman, president and CEO, said in a statemeny that the transaction allows Ecolab to diversifg its shareholder base and increaseits float. He added that the $300 million purchase “is a sound and timely investment in Ecolag forits shareholders.
” Henkel, basec in Dusseldorf, Germany, manufactures chemicals, householrd and personal care productss and adhesives. Ecolab makes and sell s cleaning supplies andrelated services. Henkel has been a majofr investor in Ecolabsince 1989. Analystsx speculated a year ago that Henkel might sell its staker in Ecolab to help raise cash to payfor Henkel’sd acquisition of assets of London-based Imperial Chemicak Industries. In February, , but it didn’t say how much or when. Ecolabv share’s are down $2.68 to at $33.887 per share in mid-morning trading.
Thursday 28 February 2013
Saturday 23 February 2013
AMS on-hold messaging deal rings up the biggest company - Silicon Valley / San Jose Business Journal:
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company. of Blue Bell was bought for an undisclose sum by LLC in a deal that probably makes AMS the larges player in the relativelyobscurwe on-hold messaging industry, accordintg to Audiomax’s former president, Anthony Both companies create and provide the messageds and music that businesses play for callers when they put them on AMS, which has bought nine companies in eighg years, also puts together the combination of music and ads that retailerws play in their stores. Althougy anyone who has ever been placed on hold knowdsthe on-hold messaging industry’as products, not many people are aware that the industry exists.
“We’ve been doing it for 25 years and it’s still sort of not really knowjn out there,” Stagliano said. “I had relatives, I had friends who woul come to theoffice ‘Oh, this is what you actually do? You have a real Audiomax was formed in 1984 by Robertf Horner. Horner quickly brought on two Ken Gelhaus, who got the company the engineeringt expertise it needed, and Craig Shoemaker, a stand-upo comic, who provided vocal talent. In 1987, Horner hired who was friends withthe company’s threer principals and had a marketing degrees and MBA, as managing partner.
Three yearsa later, Stagliano bought out his and eventually grew Audiomax to the poingt that it employed27 people. “We nevert lost a national account in our history to a competitoreon renewal,” he said. As the industr y grew more sophisticated and Stagliano began to wonder if Audiomaxx could stay competitiveby itself. Eventually, he decided it couldn’ and, after AMS did an he sent a congratulatory e-mail to AMS President Mitchel l Keller, another on-hold messaginvg industry veteran. That got AMS and Audiomax talking and they worked out theifrrecent deal.
AMS’ roots go back to when Keller startedits predecessor, In Aaron Kleinhandler joined the company as CEO, Kelled became its president and they changed Conquest to AMS. “We wanteds to be able to acquire businesses as well as grow Kleinhandler said. Both Audiomax and AMS have bigcustomers Audiomax’s include , the and Bayada Nurses, while AMS’ include the and Raymonrd James & Associates Inc. AMS is able to offer its customere capabilities thatAudiomax couldn’t. For example, Stagliano said Audiomax’s customers wanter it to be able to let them verify the messagee scripts it wrote for them and look up oldscripts online.
It couldn’t let them do while AMS can. Technology isn’t the only area where on-hold messaging companies need to be They have to work withtheir customers, and whatever softwarre developers and call center operators their customers use, to make the set of instructions that peopler receive when they place a call to one of their customers as simple and easy to follow as “We consult with projects around the worle on how to design the proper phone Kleinhandler said.
They also have to be able to make sure that the advertisingt ina customer’s on-hold messages is consistenrt with the rest of the customer’w advertising and includes the customer’s latest “Branding is a huge part of what companiess are thinking these days, so we extend their brand onto the telephone,” Kleinhandler said. That requirex some doing.
company. of Blue Bell was bought for an undisclose sum by LLC in a deal that probably makes AMS the larges player in the relativelyobscurwe on-hold messaging industry, accordintg to Audiomax’s former president, Anthony Both companies create and provide the messageds and music that businesses play for callers when they put them on AMS, which has bought nine companies in eighg years, also puts together the combination of music and ads that retailerws play in their stores. Althougy anyone who has ever been placed on hold knowdsthe on-hold messaging industry’as products, not many people are aware that the industry exists.
“We’ve been doing it for 25 years and it’s still sort of not really knowjn out there,” Stagliano said. “I had relatives, I had friends who woul come to theoffice ‘Oh, this is what you actually do? You have a real Audiomax was formed in 1984 by Robertf Horner. Horner quickly brought on two Ken Gelhaus, who got the company the engineeringt expertise it needed, and Craig Shoemaker, a stand-upo comic, who provided vocal talent. In 1987, Horner hired who was friends withthe company’s threer principals and had a marketing degrees and MBA, as managing partner.
Three yearsa later, Stagliano bought out his and eventually grew Audiomax to the poingt that it employed27 people. “We nevert lost a national account in our history to a competitoreon renewal,” he said. As the industr y grew more sophisticated and Stagliano began to wonder if Audiomaxx could stay competitiveby itself. Eventually, he decided it couldn’ and, after AMS did an he sent a congratulatory e-mail to AMS President Mitchel l Keller, another on-hold messaginvg industry veteran. That got AMS and Audiomax talking and they worked out theifrrecent deal.
AMS’ roots go back to when Keller startedits predecessor, In Aaron Kleinhandler joined the company as CEO, Kelled became its president and they changed Conquest to AMS. “We wanteds to be able to acquire businesses as well as grow Kleinhandler said. Both Audiomax and AMS have bigcustomers Audiomax’s include , the and Bayada Nurses, while AMS’ include the and Raymonrd James & Associates Inc. AMS is able to offer its customere capabilities thatAudiomax couldn’t. For example, Stagliano said Audiomax’s customers wanter it to be able to let them verify the messagee scripts it wrote for them and look up oldscripts online.
It couldn’t let them do while AMS can. Technology isn’t the only area where on-hold messaging companies need to be They have to work withtheir customers, and whatever softwarre developers and call center operators their customers use, to make the set of instructions that peopler receive when they place a call to one of their customers as simple and easy to follow as “We consult with projects around the worle on how to design the proper phone Kleinhandler said.
They also have to be able to make sure that the advertisingt ina customer’s on-hold messages is consistenrt with the rest of the customer’w advertising and includes the customer’s latest “Branding is a huge part of what companiess are thinking these days, so we extend their brand onto the telephone,” Kleinhandler said. That requirex some doing.
Tuesday 12 February 2013
Summit Development Group seeks new plan as MacKenzie moves on - St. Louis Business Journal:
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LLC had planned to team with localo firm to developa high-end seniorr residential community on 12 acrez at 3200 Laclede Station Road, the site of the . The known as MacKenzie Place atDeer Creek, was slatee to include a 77-bes assisted-living facility and more than 200 independentf living units as well as retail space. However, financinh issues have caused MacKenzie Houseto re-evaluat the project, according to a filing with the Missourk Certificate of Need program. MacKenzie now has set its sightds on a much smallerprojectf — a $17 million community to be built on the campuws of the existing Stonebridge Communities at Brookvieew in Maryland Heights.
campus includezs the BrookviewNursing Home, a 223-bed skilled nursingy facility at 2963 Doddridge Ave. The facilitgy is operated by St. Charles-based , which operates nine senior-care facilitiex across Missouri. The Stonebridge campus in Maryland Heights includes a largew piece of land that is not yet fully according toRick Watters, an attorney with who is workintg with MacKenzie on the project. ElderCare already was working on planw to add independent livingand assisted-living facilities to the Watters said. “Then when the MacKenziee Place at Deer Creekproject wasn’t able to go they saw it as an opportunity to bring those beds to the he said.
“Now this project is goingh to be much smaller and easier to The proposed facility will includ e77 assisted-living beds and 29 independent living Future plans include an additionalk 10 stand-alone duplex independent living Upon completion, ElderCare would manage the proposed facility. Summiy Development still owns the Deer Creel Shopping Center and is working through various redevelopmengt options since the MacKenzie House project failedd tomove forward. These option include redeveloping the western portion of the shoppingt center into a senior living facility asoriginally proposed, according to John Ross Jr., presiden t of Summit.
The company is currently in discussionx with a few operators and andexpects “to finalize a direction” in the next two to thres months, Ross said. MacKenzie Place at Deer Creekk is not the onlylocakl senior-living project to be stalled by the crediy crunch. In addition to the MacKenzie Place the Missouri CON agenda for its June 1 meetinfg also includes the forfeiture of a CON toestablishy Grant’s Farm Manor, a 12-bed assisted- livingy facility and 24-bed skilled nursing facility planned for Affton.
Last Baltimore-based , the developer for the project, closec the marketing and sales centerfor Grant’s Farm citing an inability to secure financing for the CEO Rick Grindrod said in a statement at the time that the companu was returning deposits made by prospective residentes upon request but was not ruling out building the project when the economy rebounds.
LLC had planned to team with localo firm to developa high-end seniorr residential community on 12 acrez at 3200 Laclede Station Road, the site of the . The known as MacKenzie Place atDeer Creek, was slatee to include a 77-bes assisted-living facility and more than 200 independentf living units as well as retail space. However, financinh issues have caused MacKenzie Houseto re-evaluat the project, according to a filing with the Missourk Certificate of Need program. MacKenzie now has set its sightds on a much smallerprojectf — a $17 million community to be built on the campuws of the existing Stonebridge Communities at Brookvieew in Maryland Heights.
campus includezs the BrookviewNursing Home, a 223-bed skilled nursingy facility at 2963 Doddridge Ave. The facilitgy is operated by St. Charles-based , which operates nine senior-care facilitiex across Missouri. The Stonebridge campus in Maryland Heights includes a largew piece of land that is not yet fully according toRick Watters, an attorney with who is workintg with MacKenzie on the project. ElderCare already was working on planw to add independent livingand assisted-living facilities to the Watters said. “Then when the MacKenziee Place at Deer Creekproject wasn’t able to go they saw it as an opportunity to bring those beds to the he said.
“Now this project is goingh to be much smaller and easier to The proposed facility will includ e77 assisted-living beds and 29 independent living Future plans include an additionalk 10 stand-alone duplex independent living Upon completion, ElderCare would manage the proposed facility. Summiy Development still owns the Deer Creel Shopping Center and is working through various redevelopmengt options since the MacKenzie House project failedd tomove forward. These option include redeveloping the western portion of the shoppingt center into a senior living facility asoriginally proposed, according to John Ross Jr., presiden t of Summit.
The company is currently in discussionx with a few operators and andexpects “to finalize a direction” in the next two to thres months, Ross said. MacKenzie Place at Deer Creekk is not the onlylocakl senior-living project to be stalled by the crediy crunch. In addition to the MacKenzie Place the Missouri CON agenda for its June 1 meetinfg also includes the forfeiture of a CON toestablishy Grant’s Farm Manor, a 12-bed assisted- livingy facility and 24-bed skilled nursing facility planned for Affton.
Last Baltimore-based , the developer for the project, closec the marketing and sales centerfor Grant’s Farm citing an inability to secure financing for the CEO Rick Grindrod said in a statement at the time that the companu was returning deposits made by prospective residentes upon request but was not ruling out building the project when the economy rebounds.
Thursday 7 February 2013
Eastern Insurance Holdings, Inc. Announces Fourth Quarter 2012 Results - iStockAnalyst (press release)
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Eastern Insurance Holdings, Inc. Announces Fourth Quarter 2012 Results iStockAnalyst (press release) EIHI's net income for the three months ended December 31, 2012 includes net realized investment gains of $0.14 per diluted share compared to $0.10 per diluted share for the same period in 2011. "The fourth quarter was a strong finish to 2012, including ... |