True Religion Appoints Chelsea A. Grayson As Interim CEO

LOS ANGELES — November 2, 2018 — True Religion announced today that the board of directors has appointed board member Chelsea A. Grayson as its interim CEO, following John Ermatinger’s decision to retire as CEO of the company. Grayson will step down as chair of the Audit Committee but will continue to serve on True Religion’s board of directors.

“As a board member for the past year, Chelsea has been instrumental in helping True Religion evolve the brand,” said Gene Davis, chair of the True Religion board. “We are fortunate to have someone of Chelsea’s caliber and experience step up to lead the company as we continue to innovate our products and customer experience. In addition, we would also like to recognize and thank John for his incredible leadership and dedication to the brand.”

Grayson said: “As a Los Angeles native, I am honored to have been chosen to lead an iconic brand like Los Angeles-based True Religion. I look forward to continuing the momentum started with recent initiatives like adding Bella Hadid as a millennial face of the brand and our partnership with global sports juggernaut, Manchester United.”

While Grayson serves as interim CEO, the True Religion board intends to conduct a process to identify a permanent CEO.

Before joining the board of directors of True Religion last year, Grayson was the CEO and a board member of American Apparel. She also sits on the board of directors of Delta Dental of California (where she is a member of the Nominating & Corporate Governance Committee), and the advisory board of Marca Global.

Posted November 2, 2018

Source: True Religion

PTDA Foundation Honors Motion Industries’ Ellen Holladay With Wendy B. McDonald Award

BIRMINGHAM, Ala. — November 2, 2018 — Motion Industries Inc., a wholly owned subsidiary of Genuine Parts Co., is pleased to announce that Motion Industries’ Ellen Holladay, senior vice president and chief information officer, was named recipient of the 2018 PTDA Foundation’s Wendy B. McDonald Award.

“To encourage more women to enter the power transmission/motion control distribution industry, the Wendy B. McDonald Award celebrates the women who not only excel at what they do but also bring innovation to their companies and the industry. We are thrilled to recognize Ms. Holladay’s work as a trailblazing woman in this male-dominated field,” noted Ann Arnott, executive director, PTDA Foundation.

Holladay joined Motion Industries in 1990 as Manager of Systems Planning, and has since led the development of Motion’s highly refined supply chain capabilities. This includes a comprehensive integration platform designed to address the complex requirements associated with business-to-business transactions among North America’s leading manufacturers and suppliers. In addition to CIO responsibilities, Holladay leads the eBusiness and Operational Excellence groups within Motion.

Each year, the PTDA Foundation recognizes a woman who has established herself as an integral contributor to her company’s success and someone who has brought positive change to the power transmission/motion control industry. Holladay was recognized at the PTDA Annual Industry Summit meeting October 17-20, in Colorado Springs, Colorado.

The award’s origination

Wendy B. McDonald was one of the power transmission and motion control industry’s true pioneers. Known as “Mrs. Mac,” she served over 60 years as a leader in her family-owned international industrial distribution company and former PTDA member, BC Bearings Engineers Ltd. — now a Motion Industries company. McDonald left many legacies through her long career in the industry as a trailblazing woman business owner. Her charm and grace were legendary, but so were her philanthropy and commitment to give back to the industry and the communities that led to her success. Mrs. Mac’s son, Scott MacPherson, Motion Industries senior vice president, Sales,  followed his mother’s footsteps into the industry.

In honor of Mrs.McDonald, the PTDA Foundation established the Wendy B. McDonald Award, which is presented at the discretion of the PTDA Foundation Board of Trustees during the PTDA Industry Summit.

Nominees must be female and employed by a PTDA member company within the calendar year for which the nomination is being made. There are no criteria with respect to title, position in the company, or years of experience. However, nominees must exemplify leadership and integrity in all business relationships.

This is Holladay’s second industry award in 2018: Earlier this year, she was presented the Bearing Specialists Association’s (BSA) Lifetime Achievement Award.

About the PTDA Foundation

The PTDA Foundation, whose work is funded solely by donations, was founded in 1982 to enhance knowledge, education, professionalism and productivity within the power transmission/motion control (PT/MC) industry. The Foundation is a not-for-profit, tax-exempt 501(c)(3) corporation; contributions are tax deductible to the full amount allowed by law.

Posted November 2, 2018

Source: Motion Industries

Katherine Dos Santos Joins RDG Global As Creative Director

NEW YORK CITY — November 2, 2018 — RDG Global has appointed Katherine Dos Santos creative director of its newly launched contemporary division. Dos Santos was most recently senior vice president, Design, and creative director Womenswear at Xcel Brands, where she headed up design and creative direction for Isaac Mizrahi brands.

Under Dos Santos’ direction, Isaac Mizrahi brands more than quadrupled in business, growing from $40 million to $175 million. She’s expected to apply her 20 years of knitwear and womenswear technical expertise, as well as her artistic point of view, and strong business acumen to developing and growing the RDG Global contemporary business. Dos Santos is charged with leading the division to success by integrating better fabrics, ethical production practices, a vast wealth of sourcing knowledge, and — of course — relevant design.

“Katherine has worked her way up in the industry by honing in on what the contemporary customer wants and needs. Everything she touches turns to gold. She’s got everything it takes to execute the RDG Global contemporary vision: technical knowledge, an elevated design sensibility, a strong record of delivering consecutive sales growth for decades, as well as the abilities to lead and build a well-balanced team, build partnerships, and respond to trends in a nimble and wearable way,” said CEO Richard Gossett.

A native New Yorker, Dos Santos has been immersed in the world of fashion since she was a student. A graduate of FIT, she developed a passion for knitwear while completing an art and knitwear specialization during a study abroad in Italy. Her industry tenure includes knitwear design roles at Magaschoni, Adrienne Vittadini, and Ann Taylor.

Said Dos Santos: “I think the reason I have been successful in my career is because I am able to combine creativity with a strong business acumen. It is that combination of design with an analytical approach that has guided me throughout my career and what I hope to bring to RDG Global.”

Posted November 2, 2018

Source: RDG Global

EFI Reports Record Third Quarter Revenue For 2018

FREMONT, Calif. — October 29, 2018 — Electronics For Imaging Inc. today announced its results for the third quarter of 2018.

For the three months ended September 30, 2018, the Company reported record third quarter revenue of $257.1 million, up 4 percent compared to third quarter 2017 revenue of $248.4 million. GAAP net income was $1.9 million compared to GAAP net income of $3.5 million for the same period in 2017 or $0.04 per diluted share compared to $0.07 per diluted share for the same period in 2017. Non-GAAP net income was $22.6 million, down 11 percent compared to non-GAAP net income of $25.4 million for the same period in 2017 or $0.50 per diluted share, down 7 percent compared to $0.54 per diluted share for the same period in 2017. Cash flow from operating activities was $12.9 million compared to $3.4 million during the same period in 2017.

For the nine months ended September 30, 2018, the Company reported revenue of $758.1 million, up 5 percent year-over-year compared to $724.1 million for the same period in 2017. GAAP net income was $2.1 million or $0.05 per diluted share, compared to $11.0 million or $0.23 per diluted share for the same period in 2017. Non-GAAP net income was $62.4 million or $1.38 per diluted share, compared to non-GAAP net income of $76.7 million or $1.63 per diluted share for the same period in 2017. Cash flow from operating activities for the nine months ended September30,2018 was $50.2 million compared to $42.4 million during the same period in 2017.

“EFI’s reputation for developing innovative, industry-leading technology was a key factor in my decision to join the company,” said Bill Muir, CEO of EFI. “The Nozomi platform and its early success in transforming corrugated packaging from analog to digital is just one example of how EFI is accelerating the digital transformation of industries where colorful images matter. I am excited to partner with the talented and passionate team at EFI to fully realize the significant opportunities in front of us and provide increasing value to our customers and shareholders.”

Posted November 2, 2018

Source: Electronics For Imaging, Inc. (EFI)

Transformative Gift To NC State Names The Wilson College Of Textiles

RALEIGH, N.C. — November 2, 2018 — North Carolina State University announced today that it has received a $28 million gift from the family of alumnus Frederick “Fred” Eugene Wilson Jr. and the Wilson family. The gift funds an endowment to support and name NC State’s College of Textiles. Effective immediately the college will be known as the Wilson College of Textiles.

The gift is part of the Think and Do the Extraordinary Campaign — a $1.6 billion fundraising effort. It is the largest gift ever made to the college in its 119-year history and makes the Wilson College of Textiles only the second named school at NC State.

The gift to the Wilson College of Textiles will have a significant and long-term impact by connecting students with new opportunities; allowing for investment in award-winning faculty and life-saving research, and enhancing campus facilities used by students, faculty and industry partners.

“This is a historic day for NC State and a truly transformational gift for the College of Textiles,” said NC State Chancellor Randy Woodson. “We are tremendously grateful to Fred Wilson and the Wilson family. Their amazing generosity means that the Wilson College of Textiles will continue to be a vital, vibrant leader in education, discovery and practical application of innovation for years to come.

“Textiles has been an important part of our university’s story, and North Carolina’s economy, for more than a century. As the industry has changed, NC State has been able to change along with it — to purposefully adapt, to innovate and to keep pushing forward. Our faculty has built expertise in a wide range of textile applications and specialties. The Wilson family’s gift will empower us to prepare students for success in a resurgent textile industry, inspire investment through key partnerships and initiatives, and make a real difference for our state and beyond.”

Fred Wilson graduated from the College of Textiles in 1961 with a degree in textile chemistry. He is chairman of the board of directors of Piedmont Chemical Industries Inc., a family-owned and operated chemical manufacturer headquartered in High Point, N.C. The business was founded by his father in 1938 to support the local textile industry and, in addition to other products, manufactures a wide array of textile chemicals to address the wet processing of fiber, yarn and fabric.

The Wilson family has a history of philanthropic support and community involvement and strong ties to the College of Textiles. Wilson’s son, Frederick “Rick” Eugene Wilson III ‘87, and his daughter, Elizabeth “Cres” Wilson Calabrese ‘89, both graduated with degrees in textile chemistry. Fred Wilson’s grandson, Frederick “Rede” Wilson IV ‘16, earned his degree in polymer and color chemistry.

For Fred Wilson, this gift demonstrates his commitment to a college that, much like the textiles industry, has persevered and evolved despite the economic downturns of the late 20th century. As manufacturing jobs were shipped overseas in search of cheaper labor and mills shut their doors, long-standing textile, chemical and retail industry relationships served the college well and allowed NC State to invest in textiles as other universities shuttered their programs.

With insight from key industry partners, in part via the North Carolina Textile Foundation, the college targeted the kinds of education and research that would define the now resurgent field of textiles. Leadership recruited and retained world-class faculty with expertise in chemistry, design, engineering, management and technology – particularly faculty with expertise in emerging areas such as environmentally responsible textile and fiber chemistry, digital printing and composites.

Today, the Wilson College of Textiles is unique, diverse and interdisciplinary. It is also the only remaining textiles college in the United States.

“When we were talking to the Chancellor about the college and about it being the only college of textiles remaining in the U.S., a lightbulb really went off. Somebody’s got to draw a line in the sand. We’ve got to remember what got us here and recognize where we can go in the future. I’m happy that we could be the ones to do that,” said Fred Wilson.

For David Hinks, dean of the Wilson College of Textiles, this gift connects the textile manufacturing tradition within North Carolina with future economic and societal impact by shaping the future of the textiles industry.

“Wilson College of Textiles will secure its global reputation as the premier academic, research and service-intensive college that catalyzes advancement of the innovative and resurgent U.S. textiles industry by recruiting and retaining the very best talent to lead, educate, discover, serve and innovate for decades and centuries to come.”

Posted November 2, 2018

Source: NC State, College of Textiles

Large Gift to NC State’s Textile School Will Help Mold Next Generation Of U.S. Textile Leaders And Innovators

WASHINGTON  — November 2, 2018 — Thanks to a $28 million gift from alumnus Frederick “Fred” Eugene Wilson Jr. and his family, NC State’s College of Textiles henceforth will be known as the Wilson College of Textiles. A world leader in textile research, the Wilson College of Textiles is the only standalone textile college in the United States.

“Thank you so very much to the Wilson family. This gift is significant for the U.S. textile industry,” said National Council of Textile Organizations (NCTO) Chairman Marty Moran, CEO of Buhler Quality Yarns Corp. and a holder of a degree in textile management from NC State.

“As a fellow alumnus I’m proud and grateful to the Wilson family for giving back so selflessly to help others.  As the CEO of a textile company and as chairman of the largest Washington, D.C.-based trade association representing U.S. textiles, I’m excited because this gift will help mold the next generation of leaders and innovators,” Moran added as he noted more than fifty companies participated in the Wilson College of Textiles career fair on September 26.

“The Wilson family’s donation will benefit not just North Carolinians, but the entire U.S. textile supply chain,” stressed Moran, as he explained NCTO and its member companies often work closely with Wilson College of Textiles faculty and students on everything from solving technical problems to innovating and manufacturing the fibers, yarns and fabrics of tomorrow.

NCTO President and CEO Auggie Tantillo said, “On behalf of NCTO’s entire membership, I want to express appreciation to the Wilson family for their very generous gift. Further, we are grateful to the Wilson College of Textiles for their continued dedication and invaluable contribution to the U.S. textile industry.”

Posted November 2, 2018

Source: National Council of Textile Organizations (NCTO)

Orion Engineered Carbons Announces Investment In Acetylene Carbon Black To Drive Technological Strength In Batteries And Other Premium Segments

LUXEMBOURG  — November 2, 2018 — Orion Engineered Carbons S.A., a worldwide supplier of specialty and high-performance carbon black, announced on November 1, 2018, that it has reached an agreement to acquire acetylene carbon black manufacturer Société du Noir d’Acétylène de l’Aubette, SAS [SN2A] from LyondellBasell Industries Holdings B.V. and its French affiliate. SN2A was founded in 1987 and is headquartered at Berre l’Etang, near Marseille, France.

Acetylene black is an ultra-pure premium specialty carbon vlack distinguished by its high electrical and thermal conductivity. Lithium-ion batteries and high-end electrical cables are key applications for this material.

“SN2A brings us a skilled team, proven technology and an operating plant. With this platform we are going to significantly strengthen our capabilities in the lithium-ion battery market and broaden our position in other attractive markets,” said Corning F. Painter, CEO of Orion Engineered Carbons. “This bolt-on acquisition is a perfect fit with Orion’s focus on Specialty Carbon Blacks. We look forward to welcoming the SN2A team to Orion and bringing Acetylene Black into our portfolio.”

The agreement with LyondellBasell includes provisions for a secured long-term feedstock supply. Orion plans to strengthen production capabilities at the Berre l’Etang facility.

The transaction closed on October 31, 2018.

Posted November 2, 2018

Source: Orion Engineered Carbons S.A.

TRSA Publishes Calendar For 2019 Professional Development Opportunities

ALEXANDRIA, Va. — November 2, 2018 — TRSA’s 2019 professional development calendar has been published and individual events are now open for registration at the association’s website, www.trsa.org/events.

Carefully crafted to appeal to senior executives as well as a broad range of plant management that includes general, maintenance, production, human resources, safety, marketing and sales, the professional development events highlight TRSA’s commitment to strengthen, grow and promote the linen, uniform and facility services industry through the people who power it. At this time 12 events are confirmed to occur throughout the United States, providing opportunities for enrichment while minimizing downtime for travel.

The first event of 2019 is also its newest: TRSA’s First Annual Hospitality Conference has been added in response to requests for enrichment for this rapidly growing market. Ten other events include three additional Conferences, four Summits and three educational Institutes, which will follow the agenda layout seen in prior years; however, content continues to be refreshed. Post-event evaluations, TRSA committees and task forces inform and drive subject matter to ensure each event provides attendees with opportunities to build skills, learn best practices from industry leaders and spend time in collaboration and information-sharing.

The Ninth Annual Legislative Conference — to be held in Washington in March — will help constituents find their voices to advocate for the industry when participants visit Capitol Hill for organized, scheduled meetings with lawmakers and staff members in their congressional offices.

Summits are structured to typically focus on management of a single aspect of industry operations. Returning in its twice-yearly format is the Production Summit & Plant Tours, where attendees discuss and view process improvements to build personal skills and increase laundry throughput and productivity. Typical attendees of this event, set for April in Dallas, and October in Las Vegas, are production executives/managers and company owner/operators.

The back-to-back pairing of the Third Annual Workforce Management Summit and the Eighth Annual Safety Summit — covering human resources, health and safety — will occur in Dallas in April.

June 2019 is the biennial Clean Show in New Orleans, and TRSA will continue its practice of providing high-value networking and professional development events with the TRSA Clean Show Experience.  A single advance registration will provide for attendance with 400+ of your colleagues at the welcome reception, breakfasts, lunches, and a variety of educational sessions and exhibit floor presentations. Traditionally the professional development sessions occur prior to the opening of the exhibit floor in the morning, with some presentations set for the afternoons, minimizing time away from the exhibit floor.

Institute programs occur in the last half of the year; in August at the University of Maryland, Hyattsville, Md, with the 55th Annual Executive Management Institute (EMI) and the 30th Annual Production Management Institute (PMI) and then in October, attendees of the 27th Annual Maintenance Management Institute (MMI) will journey to Las Vegas to pair with the Production Summit & Plant Tours that will dovetail with this event. Appropriate for new and experienced managers, TRSA Institutes provide training in management principles and technical practices from the industry and businesses at large.

TRSA’s Eighth Annual Healthcare Conference & Exchange — to be held in San Diego in November — is the premier and largest event for companies that supply, launder and maintain linens, scrubs, garments and other reusable textiles for the healthcare sector. At this event, participants improve their grasp of practical techniques and operations/financial trends through information-sharing and networking with TRSA members, who process more than 90 percent of North American acute, long-term care and specialty medical linens and garments.

“Enhancing the skills of our team members is vital to our success as an industry and TRSA’s 2019 professional development opportunities show commitment to industry professionalism and best-management practices. In a highly competitive employment market, developing the industry skills and knowledge needed for success is key to recognizing, rewarding and retaining workers who will be the industry leaders of tomorrow,”  stated TRSA Chairman Jim Buik, president and owner of the Roscoe Co., Chicago.

In addition to the live events listed below, TRSA offers monthly webinars (free to members) and will continue to build its On-Demand Learning library with e-learning courses, training videos and certificate programs. Visit  https://www.trsa.org/events/calendar for upcoming webinars or www.trsa.org/ondemand for on-demand training.

TRSA 2019 PROFESSIONAL DEVELOPMENT CALENDAR

  • February 20-21: TRSA 1st Annual Hospitality Conference Disney’s Coronado Springs Resort, Lake Buena Vista, Fla.;
  • March 20-21: TRSA 9th Annual Legislative Conference – Hilton Washington DC National Mall, Washington;
  • April 9: TRSA 3rd Annual Workforce Management Summit Embassy Suites Dallas Park Central, Dallas;
  • April 10: TSRA 8th Annual Safety Summit – Embassy Suites Dallas Park Central, Dallas;
  • April 11-12: TRSA Production Summit & Plant Tours – Embassy Suites Dallas Park Central, Dallas;
  • June 19: TRSA Young Leaders @ The Clean Show – TBD, New Orleans;
  • June 19-23: TRSA Clean Show Experience – TBD, New Orleans;
  • August 11-16: TRSA 55th Annual Executive Management Institute (EMI) – University of Maryland, Hyattsville, Md.;
  • August 11-16: TRSA 30th Annual Production Management Institute (PMI) – University of Maryland, Hyattsville, Md;
  • September 17-19: TRSA 106th Annual Conference – Hyatt Regency Boston Harbor, Boston;
  • October 22-23: TRSA Production Summit & Plant Tours – The Palms Hotel, Las Vegas;
  • October 23-25: TRSA  27th Annual Maintenance Management Institute (MMI) – The Palms Hotel, Las Vegas;
  • November 19-21: TRSA 8th Annual Healthcare Conference & Exchange – Hyatt Regency Mission Bay, San Diego, Calif.

Event sponsorships are available and can be reviewed at www.trsa.org/advertising.

Posted November 2, 2018

Source: TRSA

Indorama Ventures Expands Presence In Brazil With Entry Into Fiber Market

BANGKOK, Thailand — November 2, 2018 — Indorama Ventures Public Co. Ltd. (IVL), a global chemical producer, has announced that it has entered into an agreement to acquire M&G Fibras Brasil, in Cabo de Santo Agostinho, Brazil. The Cabo plant manufactures and supplies polyester staple fiber, with total polymerization capacity of 75,000 metric tons per year.

The transaction is expected to be completed in the fourth quarter 2018, subject to regulatory approvals.

This acquisition fills an important gap in IVL’s global footprint in fibers by establishing capacity in South America’s largest economy, Brazil. It also offers IVL an opportunity to participate in the domestic market along with strategic and logistic advantages from established free trade agreements with other Latin America countries. The demand in Brazil is expected to grow in response to a recent recovery in consumption.

The plant is in close proximity to Indorama Ventures’ PET site and also the third party PTA site in Brazil. Further synergies will be realized by using a jointly located Sao Paolo commercial office. Having a local manufacturing base, IVL is also in an advantageous position to expand more into nonwoven applications which are growing strongly in Brazil, supported by the presence of global brands. As a world leader in the service of the hygiene sector, the presence of global brands will allow IVL to offer its customers an extensive portfolio of products to serve their needs. Brazil has a very innovative textile industry and its relatively high consumer purchasing power is driving the growth in nonwoven and filling fibers. IVL’s strategy is to continue to serve the growing needs of the existing customers of M&G as well as the needs of IVL’s global branded customers in this fast-growing economy and stay ahead of the curve in introducing quality products.

Commenting on the acquisition, Aloke Lohia, Group CEO of Indorama Ventures, said:

“Brazil, with its large spinning industry is a natural place for the textile industry to enjoy long-term growth due to its location and large population.  We intend to support the local spinning industry with a commitment to supply high-quality fibers to blend with cotton and reduce dependence on imports.

In addition, IVL will also be able to support the local non-woven manufacturing industry by supplying specialized fibers produced with the know-how from our global manufacturing businesses. We look forward to the continued support of the Government of Brazil in developing a robust and self-reliant textile sector.”

Posted November 2, 2018

Source: IVL

Pindler Releases New Sunbelievable Fabrics And Wanderlust Trims 

MOORPARK, Calif. — November 1, 2018 — Recognizing the significant demand for trimmings and indoor/outdoor performance products in the design market, Pindler, an  international wholesaler of decorative fabrics, announced the new addition of fabrics and trims to their exclusive Sunbelievable and Wanderlust collections.

“We’re pleased to introduce the new additions to these two exclusive collections,” said Pindler Design Manager Sarah Williamson. “The Wanderlust trims and Sunbelievable fabrics reinvent some of the most popular patterns from our past collections and introduce new design elements we know interior designers and their clients will love. These new additions aid in our ongoing mission to provide a unique and ever-expanding product assortment that reflects the best of the latest design trends.”

The two continuations of the collections are detailed below:

  1. The second edition of the exclusive Sunbelievable Collection is a selection of modern, vibrant colors perfect for any indoor or outdoor setting. Woven from solution-dyed acrylic and polyester — making it fade-proof and easy to clean — the new fabrics offer bright and fresh colorways that retain color and strength.
  2. The new Wanderlust trims are a luxurious, unique grouping of wide tapes. Drawing inspiration from the feeling of wanderlust, the trims are made with a combination of contemporized colors, transitional patterns and metallic accents and are woven and embellished with natural yarns such as cotton, viscose and rayon. The trims are a perfect enhancement to any indoor setting.

The exclusive Sunbelievable Collection and the exclusive Wanderlust Collection are currently available at Pindler’s 16 corporate showrooms, seven agent showroom locations across the country, as well as three agent showrooms in Canada.

Posted November 1, 2018

Source: Pindler

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