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Home Depot hires ILC lobbyist

BY HBSDEALER Staff

Home Depot has hired Alpine Group, a Washington, D.C., lobbying firm, in its attempt to obtain industrial loan company (ILC) status, according to the Associated Press. The firm has registered as a lobbyist on the issue of regulation and supervision of ILCs, which can make loans, issue credit and perform other financial services under a federal charter.

Wal-Mart and Home Depot have both sought ILC status, but were stymied last year when the U.S. House of Representatives passed a bill prohibiting new ILC charters. A similar bill has been introduced in the Senate.

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Firm recalls pressure cookers

BY HBSDEALER Staff

Importer Manttra has recalled about 38,250 pressure cookers, according to the Consumer Product Safety Commission, because of a flaw that can cause hot contents to spill from the item.

The pressure cookers were sold in Sears stores, as well as department stores including Kohl’s, Robinson’s and Carson Pirie Scott, from June 2003 through April 2007 for $70 to $100.

According to reports, the lid on the cooker can separate and allow hot contents to spill out if the item is not closed properly. Manttra has received two reports of minor burn injuries.

The cookers were manufactured by TTK Prestige of India.

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Sherwin-Williams acquires stake in Mexico-based firm

BY HBSDEALER Staff

Cleveland-based Sherwin-Williams has acquired certain assets of Monterrey, Mexico-based Flex Recubrimientos, a group of companies with products primarily in the automotive refinish market.

Terms of the deal were not disclosed.

The privately owned companies under Flex Recubrimientos include manufacturers and distributors of automotive after-market body fillers, putties, primers and other vehicle refinish products. The group currently operates a manufacturing facility in Monterrey with distribution warehouses in Monterrey, Mexico City, Guadalajara and Tijuana.

“We are pleased to bring the Flex group, a well-respected Mexican company, and their employees into the Sherwin-Williams family,” said Christopher Connor, chairman and CEO of Sherwin-Williams.

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