Rust-Oleum acquires Dutch specialty coatings company
Medina, Ohio-based RPM International, parent company of Rust-Oleum, has announced the acquisition of Chemtec Chemicals, a manufacturer of industrial cleaners and specialty coatings based in the Netherlands.
Terms of the transaction, which are expected to be accredited to earnings within one year, were not disclosed.
“Chemtec fits well within our growing stable of European businesses. We expect to significantly enhance Chemtec product sales by leveraging the vast distribution channels of our Rust-Oleum, Mathys, Tor and Watco operations in Europe, which will broaden Chemtec’s geographic reach,” said Frank Sullivan, RPM chairman and CEO.
Chemtec, headquartered in Rotterdam, has annual sales of approximately $6 million.
Wedding crasher redeems gift cards meant for brides and grooms
Pamula McBride, a 46-yer-old woman from of Spokane, Wash., has been charged with felony grand theft in a scheme involving stealing retailers gift cards from wedding reception where she wasn’t invited, according to an article in the Lewiston Morning Tribune in Idaho. Police have implicated her in at least one other similar incident.
On Feb. 25, McBride was sentenced to 45 days in jail for stealing gift cards and personal checks from a wedding in Nez Perce County last June. An off-duty police officer, who happened to be a high school classmate of the suspect’s, recognized McBride and grew suspicious, according to investigators. When the newlyweds noticed a day later that some of their gifts were missing, an investigation began.
Home Depot, Macy’s and Costco were able to locate the original buyers of the gift cards to determine whom they were intended for. McBride was identified through a driver’s license she used to redeem one of the gift cards. She confessed to the thefts, the newspaper said, saying she was depressed at the time. McBride was sentenced to 45 days in jail for the crime.
KB Home to build to GreenPoint standards
Pleasanton, Calif.-based KB Home has announced all of its new home communities opening in Northern California will be built to Build It Green’s GreenPoint standards.
The company said GreenPoint-rated homes are engineered to heat and cool efficiently and use less energy. The rating is more stringent than the federal government’s Energy Star program, and even the state of California’s Title 24.
The company currently has two GreenPoint communities in the Bay Area: North Haven in San Jose and Cantara Place in Dublin.
“Our GreenPoint-rated homes utilize improved building techniques and high-performance products ranging from Energy Star-qualified appliances and efficient heating and cooling systems to low-flow lawn irrigation, indigenous plants and home foundations containing recycled content,” said Chris Apostolopoulos, president of KB Home’s Northern California division. “We’re very excited to commit to building all newly opened KB Home communities in Northern California to this rigorous standard for the benefit of our home buyers and the environment.”