Epoxy
January 13, 2021
PPG to Acquire Versaflex
PPG to Acquire Coatings Manufacturer VersaFlex
January 05, 2021
PITTSBURGH–(BUSINESS WIRE)– PPG (NYSE:PPG) today announced that it has reached a definitive agreement to acquire VersaFlex, a manufacturer specializing in polyurea, epoxy and polyurethane coatings for water and waste water infrastructure, flooring, transportation infrastructure, and industrial applications. VersaFlex is a portfolio company of DalFort Capital Partners. The transaction is expected to close in the first quarter of 2021, subject to customary closing conditions. Financial terms were not disclosed.
“VersaFlex’s attractive segment mix with strong growth outlook, unique product offering, broad expertise, and manufacturing capabilities in polyurea and flooring coatings will complement and expand upon PPG’s current product offering,” said Ram Vadlamannati, PPG senior vice president, protective and marine coatings (PMC) and president, Europe, Middle East and Africa. “This acquisition supports PPG’s commitment to growing our industry-leading technology portfolio and customer touchpoints.”
VersaFlex is an aggregation of four U.S.-based protective coatings companies, consisting of legacy VersaFlex, Raven Lining Systems, Milamar Coatings and Specialty Products, Inc., which were acquired by DalFort Capital from 2017-2019. VersaFlex has approximately 130 employees and its full year 2020 revenue is expected to be approximately $70 million. The company operates three manufacturing sites located in Kansas, Oklahoma and Washington.
PPG: WE PROTECT AND BEAUTIFY THE WORLD™
At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and materials that our customers have trusted for more than 135 years. Through dedication and creativity, we solve our customers’ biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 70 countries and reported net sales of $15.1 billion in 2019. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com.
About DalFort Capital Partners
DalFort Capital Partners is a sector-focused investment firm based in Dallas, Texas, specializing in partnering with entrepreneurs and management teams in the lower middle market. The company works collaboratively to strengthen a company’s strategic and financial position through operational improvements and acquisitions of complementary businesses. DalFort specialize in identifying and executing strategic add-on acquisitions for our portfolio companies that enhance the company’s relationship with existing customers and expand its reach into new geographies or market niches.
January 7, 2021
Back to Normalcy
American Airlines Is Ending Support For Emotional Support Animals
by Tyler DurdenWednesday, Jan 06, 2021 – 23:50
American Airlines is finally ending the literal circus that was becoming “emotional support animals” at airports and in airplanes nationwide. Hopefully, other airlines will follow suit.
Back in the day, there were seeing eye dogs, sheep herding dogs and cadaver dogs that were specially trained and that was it. Every good doggo was an “emotional support animal” for its owner, which is one of the best parts of having a pet: they can calm you down, they can bring joy into your life and they can be your best friend.
But if you don’t know someone that has wrapped their dog up in a military style pet-vest with the words “emotional support animal” written on it lately – as if their “specially trained” dog’s key goal is to somehow psychoanalyze you and offer you written notes on the “anxiety” you feel from capitalism or the patriarchy, versus simply eating, sleeping, farting and crapping – then you haven’t been paying attention.
It has become an epidemic across the U.S. – people using the “emotional support” excuse to gain access for their pets on flights and in airports – where they would usually not be welcome. And once the floodgates for emotional support dogs opened up, Americans starting carting around emotional support squirrels, emotional support clowns, emotional support peacocks and entire emotional support zoos with them as they traveled.
But American Airlines appears to have finally seen enough. The airline has made a policy change that “matches a new Department of Transportation regulation that says airlines aren’t required to treat emotional support animals as service animals,” according to CNN. The rules come into effect on January 11.
At that point, American Airlines says it will “will no longer authorize new travel for animals that do not meet that definition, such as emotional support animals.”
Emotional support animals are supposed to be “prescribed by mental health professionals to provide comfort and support, but unlike service animals, they are not required to have training in specific tasks.”
Jessica Tyler, president of cargo and vice president of airport excellence for American said: “We’re confident this approach will enable us to better serve our customers, particularly those with disabilities who travel with service animals, and better protect our team members at the airport and on the aircraft.”
Among the airline’s concerns was that “passengers were fraudulently passing off their pets as the more loosely defined and fee-free category of emotional support animals”.
What gave it away, guys? Was it the peacock?
https://www.zerohedge.com/markets/american-airlines-ending-support-emotional-support-animals
January 7, 2021
Back to Normalcy
American Airlines Is Ending Support For Emotional Support Animals
by Tyler DurdenWednesday, Jan 06, 2021 – 23:50
American Airlines is finally ending the literal circus that was becoming “emotional support animals” at airports and in airplanes nationwide. Hopefully, other airlines will follow suit.
Back in the day, there were seeing eye dogs, sheep herding dogs and cadaver dogs that were specially trained and that was it. Every good doggo was an “emotional support animal” for its owner, which is one of the best parts of having a pet: they can calm you down, they can bring joy into your life and they can be your best friend.
But if you don’t know someone that has wrapped their dog up in a military style pet-vest with the words “emotional support animal” written on it lately – as if their “specially trained” dog’s key goal is to somehow psychoanalyze you and offer you written notes on the “anxiety” you feel from capitalism or the patriarchy, versus simply eating, sleeping, farting and crapping – then you haven’t been paying attention.
It has become an epidemic across the U.S. – people using the “emotional support” excuse to gain access for their pets on flights and in airports – where they would usually not be welcome. And once the floodgates for emotional support dogs opened up, Americans starting carting around emotional support squirrels, emotional support clowns, emotional support peacocks and entire emotional support zoos with them as they traveled.
But American Airlines appears to have finally seen enough. The airline has made a policy change that “matches a new Department of Transportation regulation that says airlines aren’t required to treat emotional support animals as service animals,” according to CNN. The rules come into effect on January 11.
At that point, American Airlines says it will “will no longer authorize new travel for animals that do not meet that definition, such as emotional support animals.”
Emotional support animals are supposed to be “prescribed by mental health professionals to provide comfort and support, but unlike service animals, they are not required to have training in specific tasks.”
Jessica Tyler, president of cargo and vice president of airport excellence for American said: “We’re confident this approach will enable us to better serve our customers, particularly those with disabilities who travel with service animals, and better protect our team members at the airport and on the aircraft.”
Among the airline’s concerns was that “passengers were fraudulently passing off their pets as the more loosely defined and fee-free category of emotional support animals”.
What gave it away, guys? Was it the peacock?
https://www.zerohedge.com/markets/american-airlines-ending-support-emotional-support-animals
January 5, 2021
Univar Appoints Holcomb to President
Univar Solutions Names James B. Holcomb President of North America Chemical Distribution
on January 4, 2021
DOWNERS GROVE, Ill., Jan. 4, 2021 /PRNewswire/ — Univar Solutions Inc. (NYSE: UNVR) (“Univar Solutions” or “the Company”), a global chemical and ingredient distributor and provider of value-added services, today named James B. Holcomb president of North America Chemical Distribution. In this role Mr. Holcomb will be responsible for the Company’s chemical distribution businesses in the U.S. and Canada. His first priority will be growing sales in North America in relation to non-specialty products and otherwise optimizing the effectiveness of our North American salesforce. His work will be complemented by the Company’s overall focus on providing an effortless customer experience supported by digitized systems and streamlined processes. In this role, he joins Jennifer McIntyre SVP, Chief Streamline Officer and Head of North American Operations, and Nick Powell, SVP, President Specialty Chemicals & Ingredients, to round out the leadership structure for North America.
Holcomb brings more than 25 years of industry experience leading critical growth projects and adding significant value through in-depth business acumen and commercial discipline practices. He is an accomplished chemical distribution thought leader with an astute focus on driving results and a proven track record of success.
“I’m excited to welcome Jim to the Univar Solutions team,” said David Jukes, president and chief executive officer. “His experience in the chemical distribution market in North America is unparalleled and he will be a major contributor to our S22 program designed to accelerate growth and increase earnings through a customer centric focus on operational efficiency and Omni-channel sales growth.”
Holcomb joins Univar Solutions after having been previously employed by Brenntag where he held the role of chief operating officer for Brenntag North America. He received his bachelor’s degree in business administration from the University of Kentucky and a master’s degree in business administration from the University of Memphis as well as completed the International Management Course at Ashridge University in the U.K.
www.otcdynamics.com/unvr-univar-solutions-names-james-b-holcomb-president-of-north-america-chemical-distribution/
January 5, 2021
Univar Appoints Holcomb to President
Univar Solutions Names James B. Holcomb President of North America Chemical Distribution
on January 4, 2021
DOWNERS GROVE, Ill., Jan. 4, 2021 /PRNewswire/ — Univar Solutions Inc. (NYSE: UNVR) (“Univar Solutions” or “the Company”), a global chemical and ingredient distributor and provider of value-added services, today named James B. Holcomb president of North America Chemical Distribution. In this role Mr. Holcomb will be responsible for the Company’s chemical distribution businesses in the U.S. and Canada. His first priority will be growing sales in North America in relation to non-specialty products and otherwise optimizing the effectiveness of our North American salesforce. His work will be complemented by the Company’s overall focus on providing an effortless customer experience supported by digitized systems and streamlined processes. In this role, he joins Jennifer McIntyre SVP, Chief Streamline Officer and Head of North American Operations, and Nick Powell, SVP, President Specialty Chemicals & Ingredients, to round out the leadership structure for North America.
Holcomb brings more than 25 years of industry experience leading critical growth projects and adding significant value through in-depth business acumen and commercial discipline practices. He is an accomplished chemical distribution thought leader with an astute focus on driving results and a proven track record of success.
“I’m excited to welcome Jim to the Univar Solutions team,” said David Jukes, president and chief executive officer. “His experience in the chemical distribution market in North America is unparalleled and he will be a major contributor to our S22 program designed to accelerate growth and increase earnings through a customer centric focus on operational efficiency and Omni-channel sales growth.”
Holcomb joins Univar Solutions after having been previously employed by Brenntag where he held the role of chief operating officer for Brenntag North America. He received his bachelor’s degree in business administration from the University of Kentucky and a master’s degree in business administration from the University of Memphis as well as completed the International Management Course at Ashridge University in the U.K.
www.otcdynamics.com/unvr-univar-solutions-names-james-b-holcomb-president-of-north-america-chemical-distribution/
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