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Tag: restructuring
Carpenter Restructuring to Save $30 Million
2015-04-15 23:15:11| Steel - Topix.net
Prompted by weakness in the oil and gas market, Carpenter Technology Corp., Wyomissing, Pa., has begun a restructuring program to lower overhead costs and improve the company's financial position. Its efforts are expected to yield $30 million of cost savings.
Tags: save
million
restructuring
carpenter
Liberty Tire Recycling Bolsters Finances with Restructuring
2015-04-09 11:00:00| Waste Age
Liberty Tire Recycling Holdco LLC has completed its financial restructuring, which reduced its outstanding debt securities by $50 million and significantly cut its annual cash interest expense. read more
Tags: finances
liberty
recycling
tire
Medifast restructuring board of directors
2015-04-06 23:34:46| Biotech - Topix.net
Medifast Inc. agreed to nominate five new board members as part of a deal with activist investor Engaged Capital LLC. The weight-loss and diet products company will nominate Glenn W. Welling, the founder and chief investment officer of Engaged Capital, along with Jeffrey J. Brown, the CEO of Equity Partners LLC, who will become the lead director. Another nominee is Jori Hartwig, the chief operating officer of 3Kintetic Inc. The board restructuring comes as the company closes weight control centers amid a changing market with more competition from technology that helps people follow dieting regimens.
Tags: board
directors
restructuring
medifast
Birla Sugar goes for business restructuring
2015-03-18 08:20:55| Sugar Industry News
The idea behind the process is to house the businesses of the company, mainly tea and sugar, under different heads
Tags: business
sugar
restructuring
birla
Bassett Furniture Industries Thriving After Years of Restructuring
2015-03-16 23:45:39| Furniture - Topix.net
Bassett Furniture Industries in Henry County said they were down in the dumps along with other furniture companies around 15 years ago. However, at a recent annual meeting they announced they're expanding.
Tags: years
furniture
industries
restructuring
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