Shoplifter gets 20-year prison sentence
A habitual shoplifter was sentenced to serve 20 years in prison, according to an article in the Charlotte Observer, after being caught in Rock Hill, N.C., with stolen merchandise from a number of retail chains.
Donald Ray Altman, 48, received the sentence after a York County trial that ended in convictions on counts of shoplifting, possession of stolen goods and altering a license tag. Because of his lengthy criminal history for stealing, Altman faced up to 55 years in prison, according to prosecutors.
Altman was arrested May 10, 2010, after he was observed shoplifting merchandise and then leaving a Family Dollar Store in Rock Hill. The store manager called police with a description of Altman’s car and his license plate number.
A Rock Hill police officer apprehended Altman shortly afterwards in a nearby gas station. Inside Altman’s vehicle was stolen merchandise from a number of stores in the area, including Lowe’s, Walmart, CVS and Big Lots, according to authorities.
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Ellison and Wright considered for H&R Block board
Tax services giant H&R Block has named Home Depot’s Marvin Ellison and Tractor Supply’s James Wright as prospective members of its board of directors.
Ellison, 46, is Home Depot’s executive VP U.S. stores. He has been with the Atlanta-based home improvement retailer since 2002, and previously held management positions with Target Corp.
Wright, 61, is CEO of Brentwood, Tenn.-based Tractor Supply Co. He was also CEO of Tire Kingdom.
H&R Block shareholders will vote for directors at a Sept. 14 meeting.
Two pretty good choices. But
Two pretty good choices. But how will h&r compete against turbo tax.
Private equity firm purchases sealant company
Sentinel Capital Partners, a private equity firm that targets industrial building products, has announced the acquisition of Boyd Corp. through its LTI Flexible Products portfolio.
Boyd is a designer and manufacturer of sealing and energy management solutions for blue-chip OEMs, primarily serving the electronics, heavy truck, aerospace and medical markets. Boyd focuses on seals and gaskets that provide electromagnetic, acoustical, and electrical shielding and thermal insulation.
LTI is a leading designer and manufacturer of extruded, die-cut, and molded flexible rubber and plastic sealing systems and related components. Its products are primarily used by OEMs of recreational vehicles, heavy trucks, and agriculture and construction equipment.
The combined company has been named LTI Boyd, and is headquartered in Modesto, Calif.
“The highly complementary products, end markets and geographic locations of LTI and Boyd offer a compelling rationale for combining the two companies,” said Boyd CEO Mitch Aiello, who now serves as CEO of LTI Boyd. “From a diversified, worldwide platform, we intend to leverage the synergies of the combined business and offer a one-stop solution to our expanded customer base.”
Sentinel’s Capital Partners specializes in management buyouts, purchases of family businesses, recapitalizations, corporate divestitures and going-private transactions of established businesses with EBITDA between $7 million and $35 million. In the industrial manufacturing sector, its current and previous investments include Chase Doors (specialty door systems); Chromalox (electric heating products); Engineered Controls International (regulators and valves for cryogenic gas containment); Alemite (lubrication equipment); Fasloc (roof support systems for underground mines); and Trussbilt (steel security products for prisons).
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