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Henkel adds Kux to supervisory board

BY HBSDEALER Staff

Barbara Kux has been appointed as a member of the Supervisory Board of Henkel AG & Co. KGaA.

A member of the management board of Siemens AG and its chief sustainability officer, Kux takes the place of Thierry Paternot who, for personal reasons, resigned his tenure at the beginning of the year. 

Kux will be nominated for by-election as a shareholder representative on the supervisory board at the next Annual General Meeting in April 2014.

“We are delighted to have Barbara Kux join us as a supervisory board member,” said Dr. Simone Bagel-Trah, chairwoman of the supervisory board and the shareholders’ committee. “She brings with her many years of international management experience gained in leading companies operating in both the industrial and the consumer goods sectors. Moreover, we look forward to utilizing her expertise in fields of strategic significance for Henkel, and specifically the sustainability, purchasing and supply chain domains”

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Apogee subsidiary acquires Benchmark’s Custom Window Company

BY HBSDealer Staff

Apogee Wausau Group, Inc., DBA Wausau Window and Wall Systems (and a subsidiary of Apogee Enterprises, Inc.), has acquired the assets of Benchmark Sales Agency, Inc., DBA Custom Window Company, Inc.

The move aims to build on Wausau’s current inventory and market presence. Custom Window occupies a unique niche with its window products, which include solutions for K-12 schools, low-rise offices, self-balancing double-hung windows and historically accurate windows for preservation projects.

“Wausau’s purchase of Custom Window supports Apogee’s strategy to grow our architectural framing systems segment through geographic expansion, new products and domestic acquisition," said Apogee CEO Joseph Puishys. "It presents an opportunity to better serve customers and prospects in the Western U.S. and the historical renovation market throughout the country."

Wausau currently specializes in the commercial buildings market, specifically education, healthcare and government projects, as well as historic renovations.

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Newell Rubbermaid bows out of Chicago Stock Exchange

BY HBSDealer Staff

Newell Rubbermaid is streamlining its operations by removing its common listing from the Chicago Stock Exchange next month, the company announced Thursday.

According to a company statement, the decision was enacted in an effort to trim the duplicate administrative requirements and costs resulting from the maintenance of a dual listing. Newell Rubbermaid does not believe the move will impact the liquidity of its common stock.

The Chicago Stock Exchange will continue trading the common stock on an unlisted trading privilege basis. Newell Rubbermaid will maintain its position on the New York Stock Exchange.

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