Month: June 2015

Jumei Acquires Minority Stake in Korean Cosmetics Brand It’S SKIN PR Newswire BEIJING, June 2, 2015 BEIJING , June 2, 2015 /PRNewswire/ — Jumei International Holding Limited (NYSE: JMEI) (“Jumei” or the “Company”), China’s leading online retailer of beauty products, today announced that it has acquired a minority stake in It’S SKIN, a Korean beauty brand. It’S SKIN is a prestige Korean beauty brand that has become very popular amongst Chinese consumers. […]

Award-winning Ad Agency Brushfire, Inc. Realigns for the Future PR Newswire CEDAR KNOLLS, N.J., June 2, 2015 CEDAR KNOLLS, N.J. , June 2, 2015 /PRNewswire/ — Full-service advertising, branding and public relations agency Brushfire, Inc […]

Global Invacom Acquires Leading U.S. Satellite Terminal Manufacturer Skyware For Up To US$11.6 Million; Strengthens Leadership in Global Sat Comms Market PR Newswire SINGAPORE, June 2, 2015 SINGAPORE , June 2, 2015 /PRNewswire/ — Global Invacom Group Limited (“Global Invacom” or “the Group”) today announces its intention to acquire Skyware Global (“Skyware”), a leading U.S. manufacturer of satellite terminals, for up to US$11.6 million by issuing approximately US$6.6 million in treasury shares and entering into a cash earn-out model to pay Skyware up to a maximum of US$5.0 million . […]

Lannett Completes Acquisition Of Silarx Pharmaceuticals, Inc. PR Newswire PHILADELPHIA, June 2, 2015 PHILADELPHIA , June 2, 2015 /PRNewswire/ — Lannett Company, Inc. (NYSE: LCI) today announced that it has completed the acquisition of privately held, Silarx Pharmaceuticals, Inc. […]

Confie Continues Expansion With Acquisition of Three Brokerages Continued Expansion in New York and Texas Includes First Downstate Location in The Bronx PR Newswire HUNTINGTON BEACH, Calif., June 2, 2015 HUNTINGTON BEACH, Calif. , June 2, 2015 /PRNewswire/ — Confie , a national provider of personal lines insurance, announced today that it has acquired three insurance brokerages, one in Texas that expands the company’s footprint in San Antonio and two in New York , including its first Downstate location in The Bronx . […]

Perrigo To Acquire Portfolio Of Leading OTC Brands From GSK — Portfolio includes well-established European brands in the areas of nicotine replacement therapy, cold and flu, and cold sore management — Demonstrates Perrigo’s unique ability to maximize brand value across the Company’s leading European distribution network spanning 36 countries — Net sales of the acquired brands in 2014 were approximately $110 million(1) and, on a pro forma basis, the acquisition increases Branded Consumer Healthcare’s 2014 net sales by approximately 8%, while improving the segment’s adjusted gross and operating margins — Transaction expected to be immediately accretive to 2015 adjusted EPS and immediately exceed Perrigo’s ROIC threshold PR Newswire DUBLIN, June 2, 2015 DUBLIN , June 2, 2015 /PRNewswire/ — Perrigo Company plc (“Perrigo”) (NYSE: PRGO; TASE) today announced that it has entered into an agreement to acquire a portfolio of well-established over-the-counter (“OTC”) brands from GlaxoSmithKline Consumer Healthcare (“GSK”), in connection with GSK’s commitments to the European Commission and other regulators to divest these businesses in the context of the formation of a consumer health joint venture between GSK and Novartis International AG (“Novartis”). Perrigo will acquire the following assets in an all-cash transaction in which the purchase price was not disclosed. […]

Global Net Lease Announces Tender Offer PR Newswire NEW YORK, June 2, 2015 NEW YORK , June 2, 2015 /PRNewswire/ — Global Net Lease, Inc. (NYSE: GNL) (“GNL”) (formerly known as American Realty Capital Global Trust, Inc.) announced today that, in conjunction with the listing of its shares of common stock on the New York Stock Exchange, it has commenced a concurrent tender offer to purchase up to 11,904,761 shares of its common stock at a price equal to $10.50 per share (net to the seller in cash, less any applicable withholding taxes and without interest), or up to $125 million worth of common stock. GNL intends to fund the tender offer with cash on hand and funds available under its existing unsecured revolving credit facility […]

Lube Stop Announces Acquisition Of The Grease Spot PR Newswire CLEVELAND, ATLANTA, and BOURBONNAIS, Ill., June 1, 2015 CLEVELAND , ATLANTA , and BOURBONNAIS, Ill. , June 1, 2015 /PRNewswire/ — Lube Stop, a 37 unit quick service oil change company headquartered in Northeast Ohio , today announced that it has acquired the assets of The Grease Spot, Inc., a 13 unit quick service oil change operator with locations in Illinois and Iowa . […]

Westlake Chemical Acquires Additional Interest in Suzhou Huasu Plastics Company PR Newswire HOUSTON, June 1, 2015 HOUSTON , June 1, 2015 /PRNewswire/ — Westlake Chemical Corporation (NYSE: WLK) announced today that it has acquired INEOS ChlorVinyls Holdings B.V.’s 35.7% interest in Suzhou Huasu Plastics Co., Ltd. (SHPC), a polyvinyl chloride (PVC) resin and downstream fabrication joint venture based near Shanghai , China. […]

Valspar Completes Acquisition of Performance Coatings Businesses from Quest Specialty Chemicals PR Newswire MINNEAPOLIS, June 1, 2015 MINNEAPOLIS , June 1, 2015 /PRNewswire/ — The Valspar Corporation today announced that it completed the previously announced acquisition of the performance coatings businesses of Quest Specialty Chemicals, Inc., which include automotive refinish and industrial coatings. The acquired businesses had 2014 sales of approximately $190 million . Financial terms were not disclosed. […]

Kapstone Completes Acquisition Of Victory Packaging PR Newswire NORTHBROOK, Ill., June 1, 2015 NORTHBROOK, Ill., June 1, 2015 /PRNewswire/ — KapStone Paper and Packaging Corporation (NYSE: KS) today announced that it has completed the purchase of Victory Packaging/Golden State Container (“Victory”). Victory, headquartered in Houston, TX , is a large, national distributor of all types of packaging specializing in providing unique solutions. […]

BB&T Insurance completes ownership increase in leading managing general underwriter and the divestiture of insurance company PR Newswire WINSTON-SALEM, N.C., June 1, 2015 WINSTON-SALEM, N.C. , June 1, 2015 /PRNewswire/ — BB&T Insurance Holdings Inc., a subsidiary of BB&T Corporation (NYSE: BBT), announced today it has completed its agreement to significantly increase its partnership interest in AmRisc, LP (AmRisc). […]

Choice Properties Real Estate Investment Trust Completes Acquisition of Portfolio from Loblaw Companies Limited Canada NewsWire TORONTO, June, 1, 2015 /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES ./ TORONTO , June, 1, 2015 /CNW/ – Choice Properties Real Estate Investment Trust (“Choice Properties” or the “Trust”) (TSX: CHP.UN) today completed the acquisition of a portfolio of 38 retail properties from certain subsidiaries of Loblaw Companies Limited (collectively, “Loblaw”), for an aggregate purchase price of approximately $201.3 million , excluding transaction costs. Highlights of Acquired Portfolio Immediately accretive with an estimated stabilized net operating income (“NOI”) of approximately $14.5 million , representing an implied capitalization rate of 7.19%; Expands portfolio by approximately 1.5 million square feet (“sq […]