Manufacturer of physically cross-linked polyolefin foams expands portfolio through buyout and further strengthens its position
PolyOne Corporation (NYSE: POL) today announced that Joseph P. Kelley has joined PolyOne as vice president of planning and investor relations and Vincent W. Shemo has been promoted to vice president and controller.
Founded in 1948, the Schiele Group has grown to be one of Chicagos largest commercial printers. Keys to the Groups success include a conservative approach to business and its ever growing array of products and services.
Ball Corporation (NYSE: BLL) announced today that it has agreed to acquire Guangdong Jianlibao Group Co., Ltd.’s 65 percent interest in a joint venture metal beverage can and end plant in Sanshui, China. Ball has owned 35 percent of the joint venture plant since 1992.
Third quarter 2009 financial highlights — Net income of $31.4 million up $61.4 million compared to Q3 2008 — Net sales of $222.3 million down 13% compared to Q3 2008, but up 4% compared to Q2 2009 — Gross profit margin of 21.1% up 3.7% compared to Q3 2008 — Net cash generated from operations of $31.5 million was up $39.7 million compared to Q3 2008 — Debt was down $60 million from Q2 2009, including $40.5 million from a debt-for-debt exchange — Selling, general & administrative expenses down 13% excluding $4.2 million debt exchange costs
Leggett & Platt, Incorporated (NYSE:LEG), a diversified manufacturer of engineered components including the Virtu line of superwide digital printers for solid and textile substrates, has won an agreement to dismissal of a lawsuit by Vutek, Inc. which challenged the validity of two of Leggett & Platt’s U.S. patents on Leggett’s groundbreaking technology for ultraviolet (UV) curing of ink in superwide format ink jet printers. Vutek agreed to withdraw its challenges to the validity of both of the Leggett patents.
The following is a statement by Michael Makin, President & CEO of Printing Industries of America, the world’s largest graphic arts trade association, regarding this weekend’s passage of H.R. 3962, the “Affordable Health Care for America” Act, by a vote of 220-215.
