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The Latest: SKorean economy shrinks for 1st time in 22 years

SEOUL, South Korea South Korea’s central bank says the country’s economy shrank for the first time in 22 years in 2020 as the coronavirus pandemic destroyed service industry jobs ....

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Neenah Grows in Technical Products and adds to its Specialty Coatings Platform with Agreement to Acquire ITASA

Press release content from Business Wire. The AP news staff was not involved in its creation.
Neenah Grows in Technical Products and adds to its Specialty Coatings Platform with Agreement to Acquire ITASA
March 2, 2021 GMT
ALPHARETTA, Ga. (BUSINESS WIRE) Mar 2, 2021
Neenah, Inc. (NYSE: NP) today announced the signing of a definitive agreement to acquire Global Release Liners, S.L., the parent company of Industrias de Transformacion de Andoain, S.A. (“ITASA”), from Magnum Capital and other minority shareholders for €205 million in cash. Closing is expected to occur in early April and is subject to customary conditions.
ITASA is a leading global coater and converter of release liners used in fast-growing hygiene, tapes, industrial, labels, composites and various other end markets. With COVID-impacted sales of $120 million in 2020, Neenah expects sales of approximately $140 million in 2021 and consistent, pre-synergy mid-teen EBITDA margins. ITASA has histo ....

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Essity Cutimed® Sorbact® Advanced Wound Care Products Receive Innovative Technology Contract From Vizient, Inc.

Press release content from PR Newswire. The AP news staff was not involved in its creation.
Essity Cutimed® Sorbact® Advanced Wound Care Products Receive Innovative Technology Contract From Vizient, Inc.
March 1, 2021 GMT
PHILADELPHIA, March 1, 2021 /PRNewswire/ Essity, a leading global hygiene and health company, announces its Cutimed® Sorbact®, has received a 2021 Innovative Technology contract from Vizient, Inc., the largest member-driven, healthcare performance improvement company in the United States.
The contract was awarded based on the recommendations of health care experts serving on a Vizient member-led council who interacted with the product through the Vizient Innovative Technology Program. The council determined the technology had the potential to enhance clinical care, patient safety, health care worker safety or improve business operations of health care organizations. ....

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Flower One Announces Proposed Restructuring Transaction Involving Its Convertible Debentures

Press release content from Business Wire. The AP news staff was not involved in its creation.
Flower One Announces Proposed Restructuring Transaction Involving Its Convertible Debentures
March 2, 2021 GMT
Flower One Holdings Inc. (“
Flower One ” or the “
Company ”) (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), a leading cannabis cultivator and producer in Nevada, today announces its intention to consummate a proposed restructuring transaction involving the convertible debentures (the “
March Debentures ”) issued by Flower One pursuant to the debenture indenture dated March 28, 2019 (the “
March Debenture Indenture ”) and the convertible debentures (the “
November Debentures ”, together with the March Debentures, the “
Debentures ”) issued by Flower One pursuant to the debenture indenture dated November 15, 2019 (as supplemented by the supplemental debenture indenture dated as of December 18, 2019, the “ ....

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TreeHouse Foods Announces Agreement with JANA Partners

Press release content from PR Newswire. The AP news staff was not involved in its creation.
TreeHouse Foods Announces Agreement with JANA Partners
March 2, 2021 GMT
OAK BROOK, Ill., March 2, 2021 /PRNewswire/ TreeHouse Foods, Inc. (NYSE: THS) today announced an agreement with JANA Partners LLC, which owns approximately 7.4% of the outstanding shares of TreeHouse’s common stock, pursuant to which TreeHouse will appoint to its Board of Directors, effective March 2, 2021, two new independent directors: John P. Gainor Jr. and Kenneth I. Tuchman.
“We are pleased that our productive engagement with JANA Partners has resulted in the appointment of John and Ken to the TreeHouse Board,” said Gary D. Smith, Chairman of the Board. “Both have a broad range of expertise. We look forward to benefitting from their valuable perspectives as we continue to focus on executing our strategy and on creating long-term value for our stockholders.” ....

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