TORONTO, June 3, 2022 /CNW/ – Choice Properties Real Estate Investment Trust (“Choice Properties” or the “Trust”) (TSX: CHP.UN) and Loblaw Companies Limited (“Loblaw”) (TSX: L) announced today that the Trust exercised its previously announced equity conversion right from Rice Group to acquire a 75% ownership interest in 154 developable acres of industrial land in… [Read More]
Schneider Electric Sweeps Design Prizes This Awards Season
- Products from across Schneider Electric’s portfolio are recognized for design-lead innovation, precise and user-focused ergonomics in 2022’s biggest design awards
- Schneider Electric receives an impressive seven IF Design Awards
- Schneider Electric receives three prestigious Red Dot Awards
MISSISSAUGA, Ontario–(BUSINESS WIRE)–Schneider Electric, the leader in the digital transformation of energy management and automation is celebrating success and recognition at the world’s most celebrated design awards this year.
The company’s product design and engineering teams continue to apply decades of experience in making homes and buildings safe, sustainable, efficient, and sophisticated – by providing the smart, connected, and intuitive design solutions that are continuing to attract the attention of some of the world’s top awards juries.
These esteemed design awards acknowledge and reward the exceptional, innovative design concept and functionality of Schneider Electric products and their role in empowering our society to make the most of our energy and resources for a climate-positive world.
IF Design Award-winning products that can produce and manage energy, adapt it to your lifestyle, keep you feeling safe and give you an opportunity to contribute to sustainable living
Recognized by 132 high-profile design experts from over 20 countries for designing products that have the greatest innovative power, Schneider Electric received seven prestigious IF Design Awards across several categories, including Hardware and Building, Industry/Tools and Interface for Digital Media.
The winning products of 2022 IF design award are the Wiser DC Smoke alarm, The SpaceLogic Controller Series, New Ovalis wiring device, The EvoPact medium voltage circuit breaker, The Facility Expert for Small Business Advisor, The Jueshi surge Protective Device, and Clipsal Max9 circuit protection.
- The Wiser Smoke Alarm is designed to safeguard human lives from the potential risk of household fires. It can be easily integrated and wirelessly connected with Wiser smart home system. Clever design features such as the hidden LED lighting and the oversized button contribute to a minimalist look and an easy-to-use product.
- The SpaceLogic Controller Series an important part of the EcoStruxure Building Operation, which offers customers the opportunity to perform better energy management and analysis and whose compact design and function integration reduces installation volume and cost.
- The New Ovalis range of affordable wiring devices, designed to bring aesthetic appeal, connectivity and ergonomics to customers as well as easy installation for electricians.
Frederic Beuvry, SVP of Industrial Design and Ergonomics at Schneider Electric said:
“While quality and reliability are trademarks of Schneider Electric’s products and solutions, design is the unique element that enhances our customer’s experience. Our intuitive design creates an environment that builds a connection with our products and solutions and enables them to achieve their maximum potential. Through our unique design process, we build end-to-end experiences that are truly valuable to our customers and inspire them to contribute to sustainable living and reshape their business with our innovative and efficient solutions.”
Three Red Dot design awards from product to design, including Smart Home devices and home energy products.
With the design of its products being recognized as sophisticated, ergonomic, and user-friendly, the company has also received three notable accolades at the Red Dot Awards 2022.
The winning products include, once again, Wiser Smoke Alarm and SEMC-I Surge Protection Device and Putuo MT – Motor Mechanism – an electric motor that can remotely or manually operate molded case circuit breakers. Its new large slide design impresses with its user-friendliness and efficiency and allows users to easily switch between automatic and manual modes.
Professor Dr. Peter Zec, founder and CEO of Red Dot said:
“In this year of the competition, I have been particularly struck by the exceptional creativity shown by the award-winning products, including a range of solutions from Schneider Electric. It is really impressive and praiseworthy that there are still designs out there that can surprise us with their form and functionality. This makes it clear that design cannot be restricted or brought to a standstill by unfavorable circumstances. On the contrary: more and more new ideas and creations emerge, and futuristic techniques are developed. The fact that the quality of these products equals their level of innovation makes them well-deserved winners in the Red Dot Award: Product Design 2022.”
Since 1954, the iF DESIGN AWARD has been recognized as an arbiter of quality for excellent design. The iF Design brand is renowned worldwide for outstanding design services, and the iF DESIGN AWARD is one of the most important design prizes in the world. It honors design achievements in all disciplines: product, packaging, communication and service design, architecture and interior architecture as well as professional concept, user experience (UX) and user interface (UI). All award-winning entries are featured on www.ifdesign.com.
About Schneider Electric
Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.
Our mission is to be your digital partner for Sustainability and Efficiency.
We drive digital transformation by integrating world-leading process and energy technologies, endpoint to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.
We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.
Discover Life Is On Follow us on: Twitter, Facebook, LinkedIn, YouTube, Instagram, Blog
Discover the newest perspectives shaping sustainability, electricity 4.0, and next generation automation on Schneider Electric Insights
Contacts
Media Relations – Edelman on behalf of Schneider Electric, Juan Pablo Guerrero, Phone: +1 416 875 7173, Email: juan.guerrero@edelman.com
EPR Properties Announces $142 Million Acquisition of the Village Vacances Valcartier and Calypso Properties
($179 Million CAD)
KANSAS CITY, Mo.–(BUSINESS WIRE)–EPR Properties (NYSE:EPR) today announced that it is acquiring the Village Vacances Valcartier resort and hotel in Quebec City, Quebec, and the Calypso Waterpark in Ottawa, Ontario for aggregate consideration of approximately $142 million USD (approximately $179 million CAD) using cash on hand. Simultaneous with the acquisition, the Company is leasing these properties to Premier Parks pursuant to a long-term triple net lease.
The Village Vacances Valcartier is an iconic four-season resort covering approximately 225 acres and offering indoor and outdoor water park attractions and winter activities, such as tubing and sledding, over 600 campground sites and a variety of food and beverage options. The resort also includes The Hotel Valcartier, a four-star modern hotel with 153 rooms, the famous Hotel de Glace (ice hotel) which offers guests a truly unique winter experience and the Aroma Spa.
Calypso Waterpark is the largest themed waterpark in Canada covering approximately 350 acres, with 35 water slides, two lazy rivers and home to the largest wave pool in the country.
“We are delighted to announce the acquisition of two of the top performing attractions in Canada. These acquisitions demonstrate the value of our years of experience and long-standing relationships in experiential real estate,” commented Gregory Silvers, Chairman and CEO of EPR Properties. “Consistent with our stated strategy, we are ramping up our investment spending as our pipeline of experiential real estate opportunities continues to grow.”
About EPR Properties
EPR Properties (NYSE: EPR) is the leading diversified experiential net lease real estate investment trust (REIT), specializing in select enduring experiential properties in the real estate industry. We focus on real estate venues which create value by facilitating out of home leisure and recreation experiences where consumers choose to spend their discretionary time and money. We have $6.5 billion in total investments across 44 states. We adhere to rigorous underwriting and investing criteria centered on key industry, property and tenant level cash flow standards. We believe our focused approach provides a competitive advantage and the potential for stable and attractive returns. Further information is available at www.eprkc.com.
CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS
With the exception of historical information, certain statements contained or incorporated by reference herein may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The forward-looking statements presented herein, if any, are based on the Company’s current expectations. Forward-looking statements involve numerous risks and uncertainties, and you should not rely on them as predictions of actual events. There is no assurance the events or circumstances reflected in the forward-looking statements will occur. You can identify forward-looking statements by use of words such as “will be,” “intend,” “continue,” “believe,” “may,” “expect,” “hope,” “anticipate,” “goal,” “forecast,” “pipeline,” “estimates,” “offers,” “plans,” “would” or other similar expressions or other comparable terms or discussions of strategy, plans or intentions contained or incorporated by reference herein. Forward-looking statements necessarily are dependent on assumptions, data or methods that may be incorrect or imprecise. These forward-looking statements represent our intentions, plans, expectations and beliefs and are subject to numerous assumptions, risks and uncertainties. Many of the factors that will determine these items are beyond our ability to control or predict. For further discussion of these factors see “Item 1A. Risk Factors” in our most recent Annual Report on Form 10-K and, to the extent applicable, our Quarterly Reports on Form 10-Q.
For these statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on our forward-looking statements, which speak only as of the date hereof or the date of any document incorporated by reference herein. All subsequent written and oral forward-looking statements attributable to us or any person acting on our behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Except as required by law, we do not undertake any obligation to release publicly any revisions to our forward-looking statements to reflect events or circumstances after the date hereof.
Contacts
EPR Properties
Brian Moriarty, (816) 472-1700
www.eprkc.com
Newmont Completes Acquisition of Properties to Support Land Use Planning in Tahltan Territory
Acquisition Intended to Protect and Conserve Lands Near Iskut
DENVER–(BUSINESS WIRE)–Newmont Corporation (NYSE:NEM, TSX:NGT) is announcing that it has closed a transaction with Skeena Resources Limited to acquire certain properties located in Tahltan Territory in northwestern British Columbia.
Newmont will work in collaboration with the Tahltan Nation, the Iskut community and the British Columbia government to make available portions of the acquired properties to support the land use planning objectives of the Tahltan Nation and the Iskut community.
“We are committed to sustainable resource development and developing a world class mining jurisdiction while protecting and conserving lands that are important to the Tahltan Nation and the Iskut community,” said Newmont President and CEO Tom Palmer. “The mining claims around Iskut are not being purchased for development or their mineral potential, but in an effort to address concerns raised through our engagement with the Tahltan Nation.”
In 2021, Newmont acquired the Saddle North deposit through the acquisition of GT Gold Corporation. At the time of acquisition, the Company recognized and continues to acknowledge the need for Tahltan consent to advance the project.
About Newmont
Newmont is the world’s leading gold company and a producer of copper, silver, zinc and lead. The Company’s world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in North America, South America, Australia and Africa. Newmont is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social and governance practices. The Company is an industry leader in value creation, supported by robust safety standards, superior execution and technical expertise. Newmont was founded in 1921 and has been publicly traded since 1925.
At Newmont, our purpose is to create value and improve lives through sustainable and responsible mining. To learn more about Newmont’s sustainability strategy and initiatives, visit our annual Sustainability Report at www.newmont.com.
Cautionary Statement
This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor created by such sections and other applicable laws. Where a forward-looking statement expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. Forward-looking statements may include expectations regarding the results of collaboration and land use planning with Tahltan, the Iskut community and the government in the future. Expectations of future events are based upon certain assumptions, which may prove to be incorrect, and remain subject to risks, which could cause actual results to differ materially. For a discussion of risks and other factors that might impact future looking statements, see the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 filed with the U.S. Securities and Exchange Commission (the “SEC”), under the headings “Forward- Looking Statements” and “Risk Factors”, available on the SEC website or www.newmont.com.
Contacts
Media Contact
Courtney Boone
303.837.5159
courtney.boone@newmont.com
Investor Contact
Daniel Horton
303.837.5468
daniel.horton@newmont.com
European Residential Real Estate Investment Trust Announces Results of 2022 Annual and Special Meeting
TORONTO, June 02, 2022 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (TSX: ERE.UN) (“ERES”) announced today that, at its Annual and Special Meeting of Unitholders held today, each of the items of business referred to in its management information circular dated April 13, 2022 (the “Circular”) were passed by a vote held by… [Read More]
Colliers completes investment in leading infrastructure investment firm
TORONTO, LONDON, and NEW YORK, June 02, 2022 (GLOBE NEWSWIRE) — Leading diversified professional services and investment management company, Colliers (NASDAQ and TSX: CIGI), announced today the completion of its strategic investment in Basalt Infrastructure Partners LLP (“Basalt”), a leading transatlantic infrastructure investment management firm with more than $8.5 billion of assets under management. About… [Read More]
Stelco Closes Sale of its Hamilton Lands
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Transaction highlights include:
- Gross proceeds of $518 million received by Stelco Inc.
- Leaseback of land underlying Stelco’s value-added steel finishing operations on favourable terms for 35 years, with renewal options for five further 20-year terms
- Allows for redevelopment of lands that have been idled since 2010 by major Ontario commercial and industrial real estate company
- Further demonstrates Stelco’s commitment to realizing significant value from underutilized assets
HAMILTON, Ontario–(BUSINESS WIRE)–Stelco Holdings Inc. (TSX: STLC) (“Stelco” or the “Company”) announced today that its wholly-owned subsidiary, Stelco Inc., has successfully closed a sale-leaseback transaction with an affiliate of Slate Asset Management (“Slate”). Stelco Inc. has sold the entirety of its interest in the approximately 800-acre parcel of land it occupies on the shores of Hamilton Harbour in Hamilton, Ontario to Slate for gross consideration of $518 million. In conjunction with the sale, Stelco Inc. has entered into a long-term lease arrangement for certain portions of the lands to continue its cokemaking and value-added steel finishing operations at its Hamilton Works site in Hamilton, Ontario.
Under the lease arrangements, Stelco will lease back portions of the lands on which it conducts its cold-rolling, galvanizing and other finishing operations under a 35-year lease, with renewal options for five additional 20-year terms. In addition, Stelco has entered into leases in respect of its Hamilton Works coke battery operations and its headquarters building and has the option to lease newly constructed office space at the Hamilton Works site on the expiry of the headquarters lease. The rental rates in respect of the leases are at market rates. The leases are ‘triple-net’ leases whereby Stelco is responsible for all operating, occupancy and maintenance costs and expenses in respect of the leased premises. Upon expiration of the respective leases, Stelco is required to vacate and demolish the buildings on the premises.
Stelco Executive Chairman and Chief Executive Officer Alan Kestenbaum said: “Stelco is thrilled to partner with Slate on this transaction. After reacquiring the lands in Hamilton, we have been working to unlock value and find the right partner to redevelop the lands upon which Stelco was founded. This is a great transaction for Stelco and its shareholders, and introduces a strong and experienced developer in Slate to further develop and grow our home city of Hamilton.” Kestenbaum continued, “We look forward to continuing to operate in the community that we have called home for over 100 years as it enjoys new growth opportunities.”
About Stelco
Stelco is a low cost, integrated and independent steelmaker with one of the newest and most technologically advanced integrated steelmaking facilities in North America. Stelco produces flat-rolled value-added steels, including premium-quality coated, cold-rolled and hot-rolled sheet products, as well as pig iron and metallurgical coke. With first-rate gauge, crown, and shape control, as well as uniform through-coil mechanical properties, our steel products are supplied to customers in the construction, automotive, energy, appliance, and pipe and tube industries across Canada and the United States as well as to a variety of steel service centres, which are distributors of steel products. At Stelco, we understand the importance of our business reflecting the communities we serve and are committed to diversity and inclusion as a core part of our workplace culture, in part, through active participation in the BlackNorth Initiative.
About Slate Asset Management
Slate Asset Management is a global alternative investment platform targeting real assets. We focus on fundamentals with the objective of creating long-term value for our investors and partners. Slate’s platform has a range of real estate and infrastructure investment strategies, including opportunistic, value add, core plus, and debt investments. We are supported by exceptional people and flexible capital, which enable us to originate and execute on a wide range of compelling investment opportunities. Visit slateam.com to learn more.
Forward-Looking Information
This press release contains “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information may relate to our future outlook and anticipated events or results and may include information regarding our financial position, business strategy, growth strategy, budgets, operations, financial results, taxes, dividend policy, plans and objectives. Particularly, information regarding our expectations of future results, performance, achievements, prospects or opportunities is forward-looking information. In some cases, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “budget”, “scheduled”, “estimates”, “outlook”, “forecasts”, “projection”, “prospects”, “strategy”, “intends”, “anticipates”, “does not anticipate”, “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, “will”, “will be taken”, “occur” or “be achieved”. In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management’s expectations, estimates and projections regarding future events or circumstances. These statements include, without limitation, statements regarding our continued operations in the community.
Undue reliance should not be placed on forward-looking information. The forward-looking information in this press release is based on our opinions, estimates and assumptions in light of our experience and perception of historical trends, current conditions and expected future developments, as well as other factors that we currently believe are appropriate and reasonable in the circumstances. Despite a careful process to prepare and review the forward-looking information, there can be no assurance that the underlying opinions, estimates and assumptions will prove to be correct. Certain assumptions in respect of: the utilization of and access to our production capacity; capital expenditures associated with accessing such production capacity; the impact of COVID-19 on our business and the broader market in which we operate; the market’s ability to recover from COVID-19; upgrades to our facilities and equipment; our research and development activities associated with advanced steel grades; our ability to source raw materials and other inputs; our ability to supply to new customers and markets; our ability to effectively manage costs; our ability to attract and retain key personnel and skilled labour; our ability to obtain and maintain existing financing on acceptable terms; currency exchange and interest rates; the impact of competition; changes in laws, rules, and regulations, including international trade regulations; and growth in steel markets and industry trends are material factors made in preparing the forward-looking information and management’s expectations contained in this press release.
There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward looking information, which speaks only as of the date made. The forward-looking information contained in this press release represents our expectations as of the date of this news release and are subject to change after such date. Stelco disclaims any intention or obligation or undertaking to update publicly or revise any forward-looking statements, whether written or oral, whether as a result of new information, future events or otherwise, except as required by law.
Contacts
For Further Information
For investor enquiries: Paul D. Scherzer, Chief Financial Officer, (905) 577-4432, paul.scherzer@stelco.com
For media enquiries: Trevor Harris, Vice-President, Corporate Affairs, (905) 577-4447, trevor.harris@stelco.com
CAPREIT Announces Results of 2022 Annual and Special Meeting and Appointment of Gina Parvaneh Cody as Chair of the Board of Trustees
TORONTO, June 01, 2022 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) (“CAPREIT”) announced today that, at its Annual and Special Meeting of Unitholders held today (the “Meeting”), each of the items of business referred to in its management information circular dated April 13, 2022 (the “Circular”) were passed by a vote… [Read More]
ARTIS REAL ESTATE INVESTMENT TRUST ANNOUNCES PUBLICATION OF 2021 ESG REPORT
WINNIPEG, MB, June 1, 2022 /CNW/ – Artis Real Estate Investment Trust (“Artis” or the “REIT”) (TSX: AX.UN) announced today that it has published its annual Environmental, Social and Governance (“ESG”) Report, providing an update on the REIT’s ESG practices, policies and objectives and highlighting the progress made in 2021. “It has been just over… [Read More]
Saint-Gobain Reinforces its Leadership in Light and Sustainable Construction in North America by Signing a Definitive Agreement to Acquire Kaycan, Top Siding Player in Canada
MALVERN, Pa.–(BUSINESS WIRE)–Saint-Gobain announces today that it has entered into a definitive agreement pursuant to which the Group will acquire Kaycan, Ltd., a family-owned manufacturer and distributor of exterior building materials in Canada and in the United States, for US$928 million (approximately €860 million) in cash.
With this acquisition, Saint-Gobain reinforces its worldwide leadership in light and sustainable construction by becoming the top siding player in Canada and enlarging its vinyl offer across the United States with complementary solutions including notably aluminum and engineered wood.
The price represents a multiple (before synergies) of approximately 11.2x Kaycan’s 2021-2022E1 EBITDA of US$83 million and a net acquisition price of approximately US$820 million, i.e. a multiple of approximately 8.0x EBITDA post run-rate synergies of US$30 million and after the planned divestiture of the small United States distribution arm of Kaycan (that accounts for c.US$70 million in stand-alone resell of Kaycan products to third parties and c.US$10 million in EBITDA, assumed to be sold at a similar pre-synergy multiple to a third party shortly after the finalization of the transaction), while keeping the locally well-established Canadian distribution.
This acquisition meets the Group’s strategic and financial criteria articulated during the Capital Markets Day of October 6, 2021:
- Strengthening the Group’s leadership in North America as well as enriching our offering in light and sustainable construction
- Value creation by year 3 following the closing of the transaction
- Maintaining a strong balance sheet and solid credit rating with a limited impact of +0.1x net debt to EBITDA with leverage staying within the target set (1.5 to 2.0x)
Closing of the transaction is subject to antitrust approvals and satisfaction of other customary closing conditions; it is expected to close by year-end 2022.
STRATEGIC BENEFITS
Kaycan is a leading exterior building materials player with US$472 million in revenues – more than half in Canada and the remainder in the United States, 12 manufacturing plants (of which 9 in Canada) and employing around 1,300 people. It is the leading manufacturer of siding products in Canada which it sells thanks to its well-known and trusted brand via its dedicated distribution and strong channel coverage in big box retail, providing unparalleled customer reach across the country and with recycling services of post-consumption materials which can in turn be incorporated into the production process. Leveraging the highly efficient country organization of Saint-Gobain, this acquisition will complement the Group’s leadership in Canada (where Saint-Gobain achieved 2021 sales of around CAD$750 million across gypsum, insulation, ceilings and roofing) allowing it to broaden the light and sustainable construction solutions offered for the benefit of its Canadian customers. It will also allow Saint-Gobain to strengthen and expand its channel coverage and partnerships to reach new customers in the light commercial market.
The acquisition also enables Saint-Gobain to reinforce its activities in siding in the United States and will allow the Group to broaden its offer towards the growing markets of aluminum and engineered wood siding solutions, manufactured using a high degree of recycled materials.
VALUE CREATION & SYNERGIES
A value-creative transaction for Saint-Gobain’s shareholders with significant synergies. This acquisition will create value by year 3 following closing of the transaction. Saint-Gobain will finance the acquisition through cash on its balance sheet. Significant synergy opportunities are estimated at c. US$30 million by year 3 following the closing of the operation, including cost synergies of c. US$23 million which are expected to be captured through the reduction of SG&A, economies of scale in procurement, and manufacturing and logistics cost optimization.
Benoit Bazin, Chief Executive Officer of Saint-Gobain, commented:
“The acquisition of Kaycan is an excellent step for Saint-Gobain and I am very enthusiastic to warmly welcome the Kaycan teams into the Group. Not only does this acquisition allow us to strengthen our presence in siding both in Canada and in the United States, but it also allows us to broaden our offering into the exciting growth areas of aluminum and engineered wood siding, largely made with recycled materials and thus helping to drive the circular economy ecosystem in construction. It is perfectly aligned with the “Grow & Impact” strategy announced at our Capital Markets Day and reinforces our position in North America and as the worldwide leader in light and sustainable construction. It will create significant value for shareholders, enhance the profitable growth outlook of the Group, enrich our solutions for customers and provide attractive development opportunities for the Kaycan and Saint-Gobain teams.”
Lionel Dubrofsky, President of Kaycan, commented:
“Today marks the beginning of an exciting new chapter of Kaycan’s history. Ever since my family founded Kaycan in 1974, our team has been laser-focused on providing the best customer service possible throughout Canada and the United States, all while pushing the boundaries of imagination and innovation to expand our product portfolio over the past decades. Now we have the opportunity to join Saint-Gobain, a renowned leader in light and sustainable construction. We are filled with gratitude for our team’s hard work over the past 48 years, and we’re thrilled to see what comes next for our combined companies.”
The planned acquisition of Kaycan follows several other North American growth investments announced by Saint-Gobain in recent months:
- In May, Saint-Gobain announced a $100 Million expansion of its CertainTeed roofing facility in Peachtree City, Georgia, more than doubling the site’s production capacity while also reducing its carbon dioxide emissions.
- Also in May, the company announced a $28 Million investment in its ADFORS technical textile products facility in Dublin, Georgia, creating 400 jobs over the next two years.
- In April, Saint-Gobain announced it was doubling the manufacturing footprint of its CertainTeed Architectural manufacturing site in Lakewood, Ohio by moving to a new, state-of-the-art location in nearby Strongsville, Ohio.
- Also in April, Saint-Gobain announced a $118 Million expansion of its CertainTeed roofing plant in Oxford, North Carolina, adding an additional 225,000 square feet of manufacturing space to what was already one of the largest roofing shingle manufacturing sites in North America.
- In February, the company invested $32 Million in its CertainTeed insulation manufacturing site in Chowchilla, California, increasing the location’s production capacity by 13% while also reducing its carbon footprint.
- In December, Saint-Gobain announced its intent to purchase construction chemicals manufacturer GCP Applied Technologies for $2.3 Billion.
About CertainTeed
Through the responsible development of innovative and sustainable building products, CertainTeed, headquartered in Malvern, Pennsylvania, has helped shape the building products industry for more than 115 years. Founded in 1904 as General Roofing Manufacturing Company, the firm’s slogan “Quality Made Certain, Satisfaction Guaranteed,” inspired the name CertainTeed. Today, CertainTeed is a leading North American brand of exterior and interior building products, including roofing, siding, solar, fence, railing, trim, insulation, drywall and ceilings. www.certainteed.com.
About Saint-Gobain
Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonization of construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group’s commitment is guided by its purpose, “MAKING THE WORLD A BETTER HOME.”
€44.2 billion in sales in 2021
166,000 employees, located in 75 countries
Committed to achieving Carbon Neutrality by 2050
For more details on Saint-Gobain, visit http://www.saint-gobain.com and follow us on Twitter @saintgobain.
1 2021-2022E = fiscal year starting August 1, 2021 and ending July 31st, 2022
Contacts
David Rosen
Saint-Gobain Corporate Communications
Media@saint-gobain.com
Nobul Honored as Gold Stevie® Award Winner in 2022 American Business Awards®
Nobul recognized for the world’s only open digital consumer-centric marketplace connecting home buyers and sellers to the best real estate agent for them
HOUSTON & TORONTO–(BUSINESS WIRE)–#Nobul–Nobul Technologies (www.nobul.com), a consumer-centric real estate technology company connecting home buyers and sellers to the right real estate agents that meet their needs, is proud to announce today that it has been named the winner of a Gold Stevie® Award in the Mobile Web & App – Real Estate category in The 20th Annual American Business Awards®. The American Business Awards are the United States’ premier business awards program. All organizations operating in the US are eligible to submit nominations. Nobul was honored for its Open Digital Real Estate Marketplace, where buyers and sellers review criteria and data that help them choose the right real estate agent for them, while agents compete for their business in real time. To date, Nobul has achieved billions of dollars in sales across more than 100 markets throughout North America, including Canada, Florida, Georgia and Texas.
“We’re honored to receive this recognition from the ABA,” said Regan McGee, Founder, Chairman and CEO of Nobul. “It’s further validation that our marketplace is both revolutionary and evolutionary. Consumers have grown accustomed to online marketplaces, price and product comparison tools, and professional and consumer reviews to make purchases. Nobul is the next logical step in this evolution when it comes to real estate.”
Nobul saves home buyers and sellers the hassle of trying to find a real estate agent by providing easy access to verified reviews, track records, transaction history, services offered, and commission rate comparisons, which allows consumers to choose the agent that best fits their needs. The platform also provides prospective buyers with curated property listings.
“We congratulate Nobul on being named a Gold Stevie Award winner,” said Maggie Miller, president of the Stevie Awards. “The Open Digital Real Estate Marketplace addresses a critical need in the real estate space and is an interesting concept that will empower buyers and sellers and increase healthy competition and transparency among agents.”
ABOUT NOBUL
Nobul Technologies (www.nobul.com) is the world’s only open digital consumer-centric marketplace connecting home buyers and sellers to the best real estate agent for them. Nobul’s platform enables buyers and sellers to easily access real estate agents’ transaction histories, pricing, services offered, and genuine reviews from people who have actually used them. The platform brings transparency, choice, accountability and simplicity to the real estate industry through powerful innovative technology supported by real people who truly care. To date, Nobul has achieved billions of dollars in sales across more than 100 markets throughout North America, including Canada, Texas, Florida, and Georgia. The company has won many prestigious awards including the CNBC Upstart 100 Award and has crossed over $5,000,000,000 (five billion dollars) in completed sales, since its inception. For more information on Nobul, visit www.nobul.com.
Contacts
Nicole Rodrigues
NRPR Group
nicole@nrprgroup.com
Kontrol Technologies delivers Integrated Energy Audit and Carbon Reduction RoadMap for Major Canadian University; 32 Buildings Across Entire Campus
TORONTO–(BUSINESS WIRE)–Kontrol Technologies Corp. (NEO:KNR) (OTCQB:KNRLF) (FSE:1K8) (“Kontrol” or the “Company“) a leader in smart buildings and cities through IoT, Cloud and SaaS technology, is pleased to announce that it has been selected by a leading Canadian University, (the “University”) following a competitive process, to provide detailed energy assessments and a carbon reduction roadmap with completion in June, 2022. The University Campus market is new vertical opportunity for the Company as it seeks to expand its energy management and carbon reduction solutions.
“Universities across North America are leading the movement to greater sustainability and net zero emissions,” says Paul Ghezzi, CEO of Kontrol Technologies. “We are pleased to be able to add a new customer and a new market vertical to our expanding platform.”
The University has set a sustainability goal of Net Zero by 2040. In addition to providing energy assessments over 32 buildings and 2.5 million square feet of real estate, across the University campus, Kontrol will provide real-time monitoring under its SmartSite platform in various buildings.
About Kontrol SmartSite
Kontrol SmartSite (“SmartSite”) is a unified technology interface which can communicate with legacy building automation systems. Through a proprietary gateway, SmartSite collects data from existing sensors and equipment, monitors performance and provides real-time adjustments to operate a more efficient building. SmartSite operates as a Cloud based technology and can be integrated with existing building legacy systems. For non-disclosure purposes the name and location of the University remains confidential.
About Kontrol Technologies Corp.
Kontrol Technologies Corp., a Canadian public company, is a leader in smart buildings and cities through IoT, Cloud and SaaS technology. Kontrol provides solutions and services to its customers to improve energy management, monitor continuous emissions and accelerate the sustainability of all buildings.
Additional information about Kontrol Technologies Corp. can be found on its website at www.kontrolcorp.com and by reviewing its profile on SEDAR at www.sedar.com.
Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may,” “will,” “expect,” “likely,” “should,” “would,” “plan,” “anticipate,” “intend,” “potential,” “proposed,” “estimate,” “believe” or the negative of these terms, or other similar words, expressions, and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy. Forward-looking information contained in this press releases includes, but is not limited to, the following: future Carbon solutions to be offered by Kontrol for its potential customers; future goal of monetizing carbon credits; the anticipated timing of the installation of and energy savings that SmartSite will provide for the University customer; the future success of any of Kontrol’s products; and customer demand relating to energy management.
Where Kontrol expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, that sufficient capital will be available to the Company; that future Carbon solutions can be conducted as planned; that technology will be as effective as anticipated; that existing relationships and contracts entered into by the Company will continue on the same or similar terms, or at all; that the anticipated timing of the installation of and energy saving relating to the SmartSite will go as planned for the University customer; and that demand will continue for energy management products and for the Company’s products in particular.
However, forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected, or implied by such forward-looking statements. Such risks include, but are not limited to, that sufficient capital and financing cannot be obtained on reasonable terms, or at all; that the Company’s technologies will not prove as effective as expected; that customers and potential customers will not be as accepting of the Company’s product and service offerings as expected and/or that demand for such products and services will not continue; that Kontrol SmartSite will not be replicated in the future and that the Company will not maintain its existing relationships or contracts on the same terms or at all.
Contacts
Kontrol Technologies Corp.
Paul Ghezzi
CEO
info@kontrolcorp.com
Tel: (905) 766.0400
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