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Mergers & Acquisitions

  • High-end home retailer Fixtures Living to open first East Coast location

    New York -- Fixtures Living, which specializes in high-end kitchen, bath, outdoor and lifestyle appliances, will open its first East Coast location at Lenox Marketplace in Atlanta. Additional stores are scheduled to open in Glendale, Calif., Chicago and Dallas

    The emerging retailer, whose stores average 27,000 sq. ft., currently has three locations in California, in Costa Mesa, Rancho Mirage and San Diego.  

  • New president at Bai Brands

    HAMILTON, N.J. — Bai Brands, makers of a line of all-natural, 5-calorie, antioxidant-infused beverages, has promoted Ken Kurtz to the role of president. Kurtz will be charged with leading the company's sales efforts globally.

    Kurtz sits alongside COO Barak Bar-Cohen and CFO Ari Soroken, who make up the company's executive leadership team.

  • Ross Realty and RMC join forces

    Tampa, Fla. -- RMC Property Group and The Ross Realty Group have merged. Effective June 3, Ross Realty’s investment sales and office leasing team has become RMC Ross Realty, and the Ross Realty property management team has become RMC Property Group.

    The merged company oversees the management, leasing and sales of more than 8.4 million sq. ft. of commercial property and more than 900 tenants.

  • Athleta translates race sponsorship into foot traffic

    Fitness and lifestyle brand Athleta is sponsoring this year's Esprit de She 5K and 10K races, designed exclusively for women, to be held Thursday, June 27, at the Koka Booth Amphitheatre in Cary, N.C., just 15 minutes from downtown Raleigh.

    Athleta's mission to "celebrate and inspire women athletes of all levels" while outfitting them with apparel geared toward athletic pursuits that include yoga, Pilates, running, swimming and biking, is in line with the Esprit de She event.

  • New director nominee for Smucker board

    ORRVILLE, Ohio — The J. M. Smucker Company's board has announced that a new director nominee will be included in the company's proxy statement for election at the next annual shareholders meeting to be held Wednesday, Aug. 14.

    The nominee is Robert B. Heisler Jr., the now-retired dean of the college of business administration and graduate school of management at Kent State University, former CEO of McDonald Financial Group and retired chairman and CEO of KeyBank, N.A.  

  • Rite Aid forecasts Q1 profit; in debt refinancing move

    Camp Hill, Pa. -- Rite Aid projected that it would turn a profit in the first quarter of fiscal year 2014, results of which it will announce next week. The company has also moved to refinance its debt, announcing that it would buy half a billion dollars in notes using proceeds from a new loan, while also

    The retail pharmacy chain said it would buy $500 million worth of 7.5% Senior Secured Notes, due 2017, using the proceeds from a $500 million second lien term loan.

    The offer will expire on July 5 unless it's extended, the company said.

  • B&G Foods acquires Pirate Booty and associated brands

    PARSIPPANY, N.J. — B&G Foods has acquired Robert’s American Gourmet Food, doing business as Pirate Brands — an all-natural snack foods category — from VMG Partners, Driven Capital Management, founder Robert Ehrlich and other entities and individuals.

    B&G will pay approximately $195 million in cash.

  • OfficeMax shareholders to vote on proposed merger July 10

    Naperville, Ill. – OfficeMax shareholders will vote on a proposed merger with Office Depot on July 10, in a special meeting to be in Naperville, Ill. Shareholders of record as of May 28, 2013 are eligible to participate.

    Shareholders will vote on a merger initially announced by OfficeMax and Office Depot on February 20, 2013. The merger process is ongoing and the transaction is expected to be completed by the end of this year subject to shareholder and regulatory approval.

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