Metrie, a manufacturer and distributor of millwork solutions in North America, has announced the establishment of a new retail distribution center in Louisville, Kentucky. Expected to be fully operational by the end of the year, this new facility will enhance the company’s growth prospects with its major retail customer, Lowe’s, through improved customer service, quicker […]
In a move to expand its product range and footprint in the locksmith industry, Lockmasters Inc., a portfolio company of Dominus Capital, has announced the acquisition of Allied Locksmith Supply for an undisclosed price. Based in Youngstown, Ohio, Allied Locksmith Supply has been in operation for over 40 years, distributing about 9,000 automotive and commercial […]
Edmonton State Bank, a subsidiary of Edmonton Bancshares, Inc., and Sumner Financial Corporation’s subsidiary Sumner Bank & Trust, a bank based in Gallatin, Tennessee, have announced their agreement to merge. The merger will result in the addition of three new offices to Edmonton State Bank’s existing network of fifteen branches, all of which are located […]
Majors Management, an American convenience stores chain, has agreed to acquire MAPCO Express, an operator of gas stations and retail convenience stores, for an undisclosed price. The transaction is contingent on a separate deal under which 112 MAPCO fuel and convenience retail sites are being sold to Alimentation Couche-Tard. According to Majors Management, its deal […]
Cargill has completed the previously announced acquisition of Owensboro Grain Company, which owns a soybean processing facility and refinery in Owensboro, Kentucky. The financial terms of the deal were not disclosed. The deal was announced in November 2022. Cargill expects Owensboro Grain Company to boost its efforts to expand capacity across its oilseeds network in […]
Pernod Ricard will invest around $250 million over the next five years to build a new green distillery in Kentucky to further strengthen its American whiskey portfolio, The American Whiskey Collective. The French beverage company will use the funds to construct the new 7.5 million proof gallon capacity carbon neutral distillery and related warehouses in […]
Cargill has agreed to acquire Owensboro Grain Company, the owner of a soybean processing facility and refinery in Owensboro, Kentucky for an undisclosed price. The deal will see Owensboro Grain Company added to Cargill’s agricultural supply chain business in North America. Cargill expects Owensboro Grain Company to boost its efforts for modernizing and expanding capacity […]
Campari Group, an Italian beverages company, has agreed to acquire an initial 70% interest of the outstanding capital of Wilderness Trail Distillery, located in Danville, Kentucky, for $420 million (€420 million) based on the distillery value of $600 million (€600 million). Established in 2012, the craft distillery launched two proprietary Wilderness Trail expressions — Wilderness […]
US-based Republic Bancorp, the holding company of Republic Bank & Trust (Republic Bank), has agreed to acquire CBank and its fully-owned subsidiary Commercial Industrial Finance (CIF) in an all-cash direct merger deal valued at approximately $51 million. Headquartered in St. Louis, Missouri, Commercial Industrial Finance offers equipment leasing and financing to businesses across the US. […]
Novelis, a US-based aluminum solutions provider, has started construction on a $365m aluminum recycling center in Guthrie, Kentucky to cater to the automotive sector in North America. The company, which is a subsidiary of India-based Hindalco Industries, said that the Guthrie aluminum recycling plant will have an annual casting capacity of 240 kt of sheet […]