Friday, December 14, 2018

LATEST NEWS

Consumer Goods

L Catterton acquires Mexico’s Cholula hot sauce

Phil Hall -
The transaction was a collaboration between L Catterton's Flagship Buyout Fund and L Catterton Latin America.
Geisel Heating HomeServe
Fairfield

HomeServe USA buys Ohio HVAC service provider

Phil Hall -
The acquisition expands HomeServe USA's presence in the northern Ohio market.
Open Pension
Economy

Comptroller Lembo launches OpenPension with real-time data

Kevin Zimmerman -
According to the site, there are 39,747 retirees who reside in Connecticut and received about $1.53 billion last year; the average pension was $38,212 per year.
Altus Capital Partners
Fairfield

Altus Capital Partners sells thermal transfer ribbon firm IIMAK

Phil Hall -
Altus Capital's Russell Greenberg noted that IIMAK "made five add-on acquisitions during our investment."
Nestle Waters plastic
Consumer Goods

Nestlé Waters seeks 50 percent recycled plastic by 2025

Phil Hall -
"We want to take the 'single' out of 'single-use' bottles," said company President and CEO Fernando Mercé.
Fairfield

State doubles number of medical marijuana dispensaries

Kevin Zimmerman -
The medical marijuana program in Connecticut has grown significantly since the last time new facility licenses were awarded in January of 2016.
Construction

Stamford Transportation Center receiving millions from fed, state for upgrades

Kevin Zimmerman -
According to Gov. Dannel Malloy, the investment will ensure the station can operate in a state of good repair for the next 25 years and beyond.

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