Motion Completes Acquisition Of Kaman Distribution Group

BIRMINGHAM, Ala. — January 4, 2022 — Motion Industries Inc. — a distributor of maintenance, repair, and operation replacement parts, and a provider of industrial technology solutions — has completed the purchase of Kaman Distribution Group (KDG) for a purchase price of approximately $1.3 billion in cash, effective January 3, 2022.

The strategic addition of KDG to Motion will significantly boost the latter’s concentration in core industrial products and services as well as in the growing technical/automation arenas, including precision engineering. As a leading power transmission, automation and fluid power industrial distributor and solutions organization with operations throughout the United States, KDG provides electro-mechanical products, bearings, power transmission, motion control and electrical and fluid power components to MRO and OEM customers. Headquartered in Bloomfield, Connecticut, KDG’s 1,700 employees serve more than 50,000 customers.

“It’s a very exciting time; this transformative move will be highly beneficial to everyone involved, especially for customers of our combined entities,” said Motion President Randy Breaux. “Our customer service will be the best it’s ever been with deepened and expanded capabilities. In addition, KDG shares many of our same cultural beliefs, principles and ambitions, including our commitment to providing superior service and value to our customers. We look forward to welcoming the highly talented KDG associates to the Motion team.”

Posted: January 4, 2022

Source: Motion Industries, Inc.

Kraig Biocraft Laboratories Receives Equipment For Onsite Testing And Screening Of Transgenic Technology At Prodigy Textiles

ANN ARBOR, Mich. — January 4, 2022 — Kraig Biocraft Laboratories Inc., the biotechnology company focused on the development and commercialization of spider silk, announces it has taken delivery of key lab equipment to Prodigy Textiles, the company’s Vietnam based subsidiary, to support onsite testing and screening of spider silk transgenic technologies.

Over the next few weeks, the company’s U.S.-based research team will work closely with the Prodigy team to complete equipment installation and conduct training. Once online, this equipment will allow for the complete transfer of all genetic screening and selection testing, for production operations, to Prodigy’s onsite lab.

The significance of this advancement in the company’s production operation cannot be overstated. Previously all genetic testing was limited to Kraig Labs US R&D headquarters. COVID-related transportation and shipping restrictions over the last 24 months have meant that critical testing was delayed and, in some cases, not possible. This, in turn, forced the company to lower its output at Prodigy to ensure production quality. With onsite process screening, Prodigy will be able to safely and effectively scale up operations and take full advantage of Prodigy’s new facilities. The goal is to run at maximum facility capacity consistently.

Implementing in-process quality testing is yet another example of the company’s efforts to build a completely autonomous production operation at Prodigy Textiles. The company believes that, in blending the most advanced technologies available with the rich history of silk production in Vietnam, it is building an advanced scalable system for large-scale recombinant spider silk production.

“Once online, this equipment will allow our production team to floor the gas pedal on production,” said COO Jon Rice. “Travel and shipping delays in 2020 and 2021 demonstrated that Prodigy needed to have the tools in place to stand on its own. This onsite lab is the final element of that equation. In-process testing will give our team the tools and confidence needed to run our facilities at maximum capacity in very short order.”

Posted: January 4, 2022

Source: Kraig Biocraft Laboratories, Inc.

Trinseo Completes Acquisition Of Heathland B.V.

HORGEN, Switzerland — January 3, 2022 — Trinseo, a global materials solutions provider and manufacturer of plastics and latex binders, announced today the completion of the acquisition of Heathland B.V., a collector and recycler of post-consumer (PCR, EoL) and post-industrial (PIR) plastic wastes in Europe.

As a plastic waste collector and recycler based in Utrecht, the Netherlands, Heathland is focused on converting PCR and PIR polymethyl methacrylate (PMMA), polycarbonate (PC), acrylonitrile butadiene styrene (ABS), polystyrene (PS) and other thermoplastic waste. The company collects, pre-treats and processes plastic waste materials using mechanical and chemical recycling processes, and captures the materials’ maximum value by transforming them into high quality recycled raw materials for a wide range of high-end applications. Heathland is well established in Europe with several notable projects, including MMAtwo and REVOLUTION, which are funded by the Horizon 2020 program of the European Commission.

“Today is another exciting milestone in Trinseo’s transformation journey in becoming a global specialty materials and sustainable solutions provider. The addition of Heathland to the Trinseo family enables the group to have access to comprehensive recycling technologies and plastic wastes as feedstock,” Francesca Reverberi, senior vice president and chief sustainability officer of Trinseo commented. “The shared sustainability vision of both companies has now become one. We will continue to invest in the movement toward a circular economy.”

The acquisition is aligned with Trinseo’s 2030 Sustainability Goals, which outline the company’s focus on tackling climate change, embedding sustainability in its product portfolio, promoting supplier and operational stewardship, and embodying responsibility as an employer.

Posted: January 3, 2022

Source: Trinseo

Petroleum Engineers Turned Sustainable Sock Salesmen

AUSTIN, Texas — January 3, 2022 — When the Covid pandemic hit the oil industry, it closed many doors for young petroleum engineers Mitchell Fly and Drew Davis, and opened up another directly to the great outdoors.

The duo founded Footy Intl in April 2020 and spent over a year designing their unique brand of sustainable, USA-made apparel.

“We fully understand the irony that a couple of petroleum engineers care deeply enough about the planet to do something like this,” said Davis, the 25-year-old co-founder and, more interestingly, Chief Adventure Officer of Footy Intl. “It comes as a shock to most people I meet when I tell them my degree versus what I do now.”

A love of travel and the natural world ultimately inspired the cofounders to establish the company. Backpacking trips through Europe, the Americas, Oceania, and Asia led them to some of the most beautiful vistas on the planet but also revealed the distressed state of our natural wonders.

“We sat on the banks in Iceland and watched glaciers calving for hours. It was beautiful in a tragic sort of way. We witnessed these amazing events and realized that if we didn’t change what we were doing, our grandchildren wouldn’t get to experience the same,” said Fly, the other co-founder. “We are committed to saving and expanding the wild places of our planet.”

Beyond the sustainable clothing line, Footy Intl donates 15 percent of its profit to aid ecological restoration efforts around the globe through The Footy Initiative. From planting trees worldwide to funding local conservation efforts in the Austin area, to sending students around the world to further their studies in sustainability, The Footy Initiative reinforces the company’s and the pair’s devotion to a more sustainably adventurous future.

Footy Intl is an Austin, Texas-based sustainable, charitable, USA-made apparel company designed to help you Get Your Foot Out The Door.

Posted: January 3, 2022

Source: Footy Intl.

AMSilk Partners With Mercedes-Benz To Present A Sustainable Bio-Based Product

MUNICH — January 3, 2022 — AMSilk GmbH, a global supplier of high-performance bio-based silk materials, today announced that it has entered a partnership with Mercedes-Benz, for the development of novel, sustainable car door pulls, as part of the car manufacturer’s latest technology program, the VISION EQXX.

The new concept car, VISION EQXX, features innovative interior materials, revealing a way forward for luxury design that conserves resources and is in balance with nature. Among the organic interior design features are new door pulls made from AMSilk’s Biosteel® fiber. This high-strength, certified-vegan, silk-like fabric is made using AMSilk’s proprietary biotechnology expertise. AMSilk is the world’s first industrial supplier of vegan silk biopolymers which are 100-percent biodegradable, recyclable, renewable and zero-waste.

Marking a first in the automotive sector, AMSilk’s Biosteel provides a solution to the car industry whose need to replace petroleum-based content by natural, bio-based materials is increasingly growing.

This new project is the most efficient electric vehicle Mercedes-Benz has ever built and marks a new expression of efficiency and sustainability in interior design.

Today, Mercedes-Benz unveils the all-electric VISION EQXX in a digital world premiere on the “Mercedes me” media online platform which can be accessed here.

Ulrich Scherbel, CEO of AMSilk said: “We are extremely proud to partner with Mercedes-Benz on the technology programme VISION EQXX, providing sustainable interior design solutions from our best-in-class bio-based fibers. Amid a fresh wave of ambitious climate pledges, we are proud to be playing a leading role in providing solutions for a zero-waste future.”

Posted: January 3, 2022

Source: AMSilk GmbH

439 Year Old Company Piana Technology Brings Legacy Into The Future As CES 2022 Innovation Awards Honoree

CARTERSVILLE, Ga. — January 3, 2022 — Piana Technology, a 439-year-old textile company known for innovation within the fiber and nonwoven textiles markets, today announced that it has been named a CES® 2022 Innovation Awards Honoree. The Innovation Award honors the outstanding design and engineering of E/SMART™ — a high-performance nonwoven fiber technology that surpasses the qualities of polyurethane foam while reducing its negative impacts. Piana will debut this technology at the 2022 Consumer Electronics Show, its first year in attendance, through their virtual activation experience.

E/SMART offers uncommon integration of digital wellness and product sustainability. Its recyclable and nontoxic fibers are vertically-lapped to provide even pressure point distribution, unprecedented airflow, and antiviral capabilities that outperform those of conventional materials. Even at its reduced weight, it boasts superior compressional and thermal resistance for extensive applications. Flexible integrated pressure sensors within E/SMART can enable healthy posture and sleep quality through personalization of the products.  We are developing this technology to act as a diagnostic tool in hospital settings. Combined with digitally-printed molecules, it can adapt to wide consumer requests for a user-friendly experience. At its end of life, it can be 100-percent reclaimed and molded for endless customer possibilities.

Replacing the 1.3 million metric tons of annually landfilled PU foam with E/SMART would eliminate over 4 million metric tons of CO2 each year, leading to reduced impact on quality of life, health, productivity and slowed environmental decline. CEO Andrea Piana sees E/SMART as an opportunity to change the way we approach sustainability.

“The modern world is reliant on materials of the past. If we want to maximize our human potential, we must develop new technologies that adapt alongside us,” Andrea Piana said.

“With E/SMART, we’ve built a tech platform for the circular economy with renewable materials that can be upgraded as technology improves — without waste — for endless applications. Along the way, we can make foam obsolete.”

Piana Technology began in 1582 in Biella, Italy. In 1995, Andrea Piana became CEO, ushering in an eco-friendly era for the company and opening its first U.S. factory in Cartersville, Ga., before developing SaveDrop Technology and expanding into nonwovens. Today, Piana’s innovative technologies are used in B2B settings to power Fortune 500 companies in product categories including sleep, furniture, transportation, lifestyle, medical, and in-flight.

The recognition of E/SMART’s capabilities as a CES 2022 Innovation Award Honoree comes as Piana Technology prepares to launch direct-to-consumer products. E/SMART’s moldability, recyclability, and adaptability tied with intuitive molecular technology will lead us one step closer to a user-driven circular economy. As the market searches for zero waste solutions away from traditional habits, Piana Technology will lead us into the future.

Experience the world of Piana Technology at CES 2022 by visiting piana.tech/ces.

Posted: January 3, 2022

Source: Piana Technology

Cardi B x Reebok Drop New Metallic Apparel & Sneaker Collection

BOSTON, Mass. — December 28, 2021 — Coming off the heels of the massively successful launch of Reebok x Cardi B’s capsule collection ‘Let Me Be… In My World’ this summer, the iconic brand and legendary artist are teaming up again for the second drop, ‘Let Me Be…In My World Nighttime’. The collection, inspired by Cardi’s Home of NYC at night, comes with a new metallic Cardi B Classic Leather sneaker, as well as an entirely new apparel line-up that nods to the bright lights and vibrant city skyline. The collection continues Cardi’s legacy while paying homage to the city that made her who she is today.

With high-shine metallics throughout, the ‘Let Me Be…In My World Nighttime’ capsule is built to carry any hustler through the after-hours of New York City nightlife. The collection ranges from tight fitted crops and tights to oversized cargo pants and features playful materials and bright color blocking. It also includes for the first time ever a plush and cozy fleece robe with Cardi’s signature logo embroidered on the chest. Overall, the collection has led to a capsule that is as vibrant as Cardi’s personality.

The collection is anchored by a new metallic Cardi B Classic Leather sneaker that represents the global superstar’s years of hustling and working towards the level of success and fame she has today. The classic style comes in five colorways of core black/vector red/champagne, champagne/gold, pewter/black, black/silver and fluid blue.

To bring the story, colors and designs to life, Reebok designers worked in close collaboration with Cardi B and her team for this latest collection; from honing in on the metallic details to ideating the most unique materials that would make a true style statement.

“Nighttime in my hometown of New York is such a beautiful, magical experience, and I’m happy to see this magic come to life with my latest Reebok collection,” Cardi said. “These pieces are easy to wear from the street to the club while still letting you feel comfortable, confident and unique. I promise you’ll be feeling like the best version of yourself when you have these pieces on!”

The full collection, featuring both footwear and apparel, will be live starting December 29 at 10am EST on Reebok.com and select retailers. The capsule’s core black/vector red/champagne Classic Leather x Cardi B colorway will be available exclusively on Reebok.com.

Designed with all figures in mind, all apparel in the ‘Let Me Be…In My World Nighttime’ collection will be available in inclusive colors, materials, and sizing, ranging from 2XS to 4X. The collection also features a variety of footwear in children’s sizes.

Posted: December 31, 2021

Source: Reebok

American Eagle Outfitters Completes Quiet Logistics Acquisition

PITTSBURGH — December 29, 2021 — American Eagle Outfitters today announced it has completed the acquisition of Quiet Logistics and strategic investments for approximately $360 million in cash (including adjustments for closing cash and working capital). Quiet Logistics is a leading logistics company that operates a network of in-market fulfillment centers in Boston, Chicago, Los Angeles, Dallas, St. Louis and Jacksonville, locating products closer to need, creating inventory efficiencies, cost benefits and affordable same-day and next-day delivery options to customers and stores.

“I am thrilled to officially welcome Quiet Logistics into the AEO Inc. portfolio, cementing a collaborative partnership that has meaningfully contributed to our financial results over the past 18 months,” said Jay Schottenstein, AEO’s executive chairman of the board and CEO. “AEO’s unique ability to reduce delivery costs amid rising inflation is a direct reflection of the efficiencies provided by their innovative fulfillment model. Quiet Logistics has a highly experienced supply chain leadership team and I look forward to their partnership as we continue to drive operational excellence and grow the platform into a meaningful business.”

Quiet Logistics will be a wholly-owned AEO subsidiary and will continue to run its business independently. The network will support AEO’s continued growth, while also driving economies of scale as it expands its customer base to other brands and retailers seeking advanced logistics capabilities.

Posted: December 31, 2021

Source: American Eagle Outfitters Inc.

Lions Not Sheep Apparel® Names Former TapouT Co-Founder Dan Caldwell As President And Chief Operating Officer

BLUFFDALE, Utah — December 27, 2021 — Lions Not Sheep Apparel®, one of the fastest-growing apparel brands in the United States, announced today the hiring of former TapouT co-founder Dan Caldwell as its new president and COO, effective January 3, 2022.

Caldwell has extensive experience spanning 24 years in the apparel brand industry and was the co-founder and president of the global combat sports brand TapouT. He was instrumental in growing TapouT to $350 million in revenue and led the sale of the company to Authentic Brands Group in 2010.

Headquartered in Bluffdale, Utah, Lions Not Sheep Apparel is a fast-growing global apparel and lifestyle company that has sparked a powerful demand. Their products appeal to those patriots around the world who lead and create versus blindly following the masses. What started as a single T-shirt designed by company founder Sean Whalen as a personal mantra has led to an entire movement.

“Dan brings incredible insight and knowledge of the apparel business, and has experience successfully building a highly visible global brand,” said Sean Whalen, founder and CEO of Lions Not Sheep Apparel. “With triple-digit annual growth, Lions Not Sheep is quickly becoming a household name and Dan will help us take things to the next level.”

Caldwell will oversee the company’s day-to-day operations, implement strategic growth initiatives, strengthen the company’s supply chains, and develop production partnerships. His extensive experience in the apparel market will help the company significantly scale its global operations.

“I’m inspired by what the brand stands for, because it’s what I stand for,” said Caldwell. “It’s created a movement that people want to be a part of and I believe that movement has contributed to its early success. We are going to build this into a global brand.”

Posted: December 31, 2021

Source: Lions Not Sheep Apparel

Vista Outdoor Announces Acquisition Of Stone Glacier

ANOKA, Minn. — December 28, 2021 — Vista Outdoor Inc. — a global designer, manufacturer and marketer of products in the outdoor sports and recreation markets — today announced the acquisition of Stone Glacier, a premium brand focused on ultralightweight, performance hunting gear designed for backcountry use. The addition of Stone Glacier to Vista Outdoor’s portfolio of outdoor products and shooting sports brands will allow the company to enter the packs, camping equipment and technical apparel categories with a fast-growing brand and provide a foundation for Vista Outdoor to leverage camping category synergies.

“I am excited to welcome the Stone Glacier team into the Vista Outdoor family,” said Vista Outdoor CEO Chris Metz. “Stone Glacier is an enthusiast brand that is fast-growing, well-managed and a great cultural fit. Our centers of excellence, brand portfolio and distribution network will support Stone Glacier as they reach their next level of awareness, maturity and growth. Stone Glacier enhances our ability to enter and leverage the camping category, which has exploded in popularity over recent years. The acquisition also further bolsters our reputation as the acquirer of choice in the outdoor industry.”

Founded in 2012 by Kurt Racicot, Stone Glacier designs and manufactures the lightest, most durable gear coveted by discerning backcountry adventurers. Based in Bozeman, Mont., with its headquarters surrounded by iconic public lands in Big Sky country, the brand has established itself as the premium preferred choice of backcountry hunters, outfitters and guides throughout the world.

“The future of Stone Glacier is bright. This partnership comes at a great time for our business, and we are excited for the support that Vista Outdoor will provide to accelerate our growth and continue developing industry-leading products,” said Stone Glacier President Jeff Sposito. “We have been fortunate to build a following of the most dedicated backcountry hunters and it has always been our mission to bring the best products, service and innovations to market. This partnership ensures we will continue to execute on that mission at the highest level.”

Vista Outdoor used cash on hand and available liquidity under its asset-based revolving credit facility to complete the transaction. Vista Outdoor expects the transaction to be immediately accretive to earnings, excluding transaction and transition costs. Vista Outdoor’s leverage ratio is expected to be below 1.0x at FY 2022 fiscal year end. This is the seventh acquisition in last 16 months for Vista Outdoor, including Remington, HEVI-Shot, Venor, QuietKat, Foresight Sports and Fiber Energy Products.

Reed Smith LLP acted as legal counsel to Vista Outdoor and Davis Graham & Stubbs LLP acted as legal counsel to the sellers in connection with the transaction.

Posted: December 31, 2021

Source: Vista Outdoor Inc.

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