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Everchem Updates
VOLUME XXI
September 14, 2023
Everchem’s exclusive Closers Only Club is reserved for only the highest caliber brass-baller salesmen in the chemical industry. Watch the hype video and be introduced to the top of the league: — read more
November 30, 2020
PPG to acquire global coatings manufacturer Ennis-Flint for $1.15 bn
Transaction is expected to close within the next few months, subject to customary closing conditions
- By ICN Group | November 30, 2020
PPG today announced that it has reached a definitive agreement to acquire Ennis-Flint, a global manufacturer of coatings with a broad portfolio of pavement marking products, including paint, thermoplastics and other advanced traffic technologies. The transaction, valued at approximately $1.15 billion, is expected to close within the next few months, subject to customary closing conditions. “The acquisition of Ennis-Flint will further expand our product offering and opportunities in rapidly developing and high-growth mobility technology solutions,” said Michael McGarry, PPG chairman and chief executive officer. “The company is well known for its high-quality products, technical expertise and innovative systems. The addition of Ennis-Flint’s products further enhances our existing mobility technologies in support of increased automotive occupant safety through driver-assisted and autonomous driving systems. We look forward to the Ennis-Flint team joining PPG and working together to further expand the company’s product distribution on a global scale.” PPG formed a mobility focus team in 2017 to develop mobility technologies and innovative technical solutions that provide increased functionality and solve new and unique requirements for electric, hybrid and autonomous vehicles. Mobility-related products developed by PPG include battery-specific coatings that deliver enhanced safety and performance, autonomous vehicle coatings that improve vehicle and infrastructure visibility, and interior coatings that increase surface functionality and durability. Ennis-Flint, a privately held company headquartered in Greensboro, North Carolina, is a global leader in pavement markings and traffic safety solutions with the industry’s most comprehensive and innovative product offering. Products are developed according to strict government guidelines and customer specifications, many of which are proprietary to the company. A high percentage of its product sales are derived from non-discretionary, essential maintenance spending. Ennis-Flint supplies a wide range of products, including traffic paint, hot-applied and preformed thermoplastics, raised pavement markers and intelligent transportation systems from a network of manufacturing facilities within the United States, Europe, South America, and Asia. The company employs approximately 1,000 people globally and its full year of 2020 revenue is expected to be approximately $600 million, with mid-teen percentage EBITDA margins. “We are excited to join the global PPG family,” added Matt Soule, president and CEO of Ennis-Flint. “Our products and technologies are excellent complements to PPG’s current product offering, and the ability to leverage PPG’s world-class innovation and broad geographical footprint will provide more growth opportunities for our products and employees in the future.” PPG will provide additional details relating to the business acquisition, including acquisition-related financial impacts, during the company’s fourth quarter earnings conference call in January 2021.
Mattress Recycling Law Levels the Playing Field
Furniture World Magazine
Volume 151 No. 6 November/December
By HFA Reports on 11/20/2020 
Content about HFA member-retailers contributed by HFA.
Omar Mendoza accepts his obligations under California’s mattress recycling program. Anyone who purchases a mattress from his store, All American Mattress & Recliners in Beaumont, is entitled to ask him to remove a used mattress for recycling at no charge.
What gets under Mendoza’s skin is when someone who’s not a customer calls to ask for the same service. Often, he learns the person making the request bought a new mattress from an online dealer.
New Rules for Online Dealers
 Pictured is Gary Trudell of HFA member Custom Comfort Mattress Company. With seven stores in Southern California, Custom Comfort collects many old mattresses. He is happy to finally see everyone share in the responsibility of recycling. |
“It happens so often it’s ridiculous,” said Mendoza, a member of the Home Furnishings Association.
But a reckoning, of sorts, is coming. Beginning January 1, 2021, online mattress sellers will face the same requirements as brick-and-mortar stores. Not only must they collect and remit to the state the same recycling fee of $10.50 for each mattress and another $10.50 for each box spring, they also must offer to pick up a used mattress for every mattress delivered—for free.
“It’s about time,” said Mendoza.
Indeed. This has been required of stores like his for the past five years. The program, operated by the Mattress Recycling Council, has diverted millions of mattresses from landfills. But it puts a heavy responsibility on retailers, who must absorb the expense of carrying away used mattresses, storing them and then hauling them to collection sites. Online sellers, which often deliver beds-in-a-box and other sleep products by common carrier, have not had to do that. That gives them a price advantage, which the MRC recognizes.
“It really does need to be fair,” said Lori Barnes, the council’s manager of industry communications.
Read more here: https://www.furninfo.com/furniture-world-articles/3899
Mattress Recycling Law Levels the Playing Field
Furniture World Magazine
Volume 151 No. 6 November/December
By HFA Reports on 11/20/2020
Content about HFA member-retailers contributed by HFA.
Omar Mendoza accepts his obligations under California’s mattress recycling program. Anyone who purchases a mattress from his store, All American Mattress & Recliners in Beaumont, is entitled to ask him to remove a used mattress for recycling at no charge.
What gets under Mendoza’s skin is when someone who’s not a customer calls to ask for the same service. Often, he learns the person making the request bought a new mattress from an online dealer.
New Rules for Online Dealers
Pictured is Gary Trudell of HFA member Custom Comfort Mattress Company. With seven stores in Southern California, Custom Comfort collects many old mattresses. He is happy to finally see everyone share in the responsibility of recycling. |
“It happens so often it’s ridiculous,” said Mendoza, a member of the Home Furnishings Association.
But a reckoning, of sorts, is coming. Beginning January 1, 2021, online mattress sellers will face the same requirements as brick-and-mortar stores. Not only must they collect and remit to the state the same recycling fee of $10.50 for each mattress and another $10.50 for each box spring, they also must offer to pick up a used mattress for every mattress delivered—for free.
“It’s about time,” said Mendoza.
Indeed. This has been required of stores like his for the past five years. The program, operated by the Mattress Recycling Council, has diverted millions of mattresses from landfills. But it puts a heavy responsibility on retailers, who must absorb the expense of carrying away used mattresses, storing them and then hauling them to collection sites. Online sellers, which often deliver beds-in-a-box and other sleep products by common carrier, have not had to do that. That gives them a price advantage, which the MRC recognizes.
“It really does need to be fair,” said Lori Barnes, the council’s manager of industry communications.
Read more here: https://www.furninfo.com/furniture-world-articles/3899
November 25, 2020
November 25, 2020
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