Wagner Lumber completes acquisition
Wagner Lumber, based in Owego, N.Y., has completed an acquisition of Afton, N.Y.-based Pomeroy Lumber, according to a report in the Binghamton (New York) Press & Sun-Bulletin.
The deal has been in the pipeline for some time but was stalled by a flood in 2006, according to the report. The acquisition will enable Wagner Lumber to expand operations and procure timber from all parts of the state.
Wagner Lumber, established in Owego in 1975, also operates Wagner Hardwoods in Cayuta, N.Y. The businesses employ about 200 people. Pomeroy operates a sawmill in Nineveh, N.Y., a location which will now be known as Wagner Nineveh.
Wagner has three additional locations, including Wagner’s Western Wood Yard in Friendship, N.Y.; Wagner Millwork in Oswego, N.Y.; and Wagner Hardwoods in Cayuta, N.Y.
Firm recalls pressure cookers
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.
Sherwin-Williams acquires stake in Mexico-based firm
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.