Missouri Business

Arsenal Announces Sale of Accella Performance Materials to Carlisle Companies

01 01 1970

Accella offers a broad range of polyurethane products and solutions across many markets and applications globally. The company, headquartered in Maryland Heights, Missouri, has annualized revenue of approximately $430 million and operates out of 10 manufacturing facilities and seven R&D laboratories in the U.S., Germany, and China.    Roy Seroussi, a Principal at Arsenal, said, "Since our initial investment in 2012, Accella's revenue and EBITDA increased by 7x and 8x, respectively, through a focused organic growth strategy and nine strategic acquisitions. The company has become a market leader in several rapidly growing end markets, such as spray foam insulation, as well as roofing solutions and polyurethane truck bed liners." John Televantos, a Partner at Arsenal, added, "Arsenal's investment in Accella stemmed from our extensive experience...

Anoop Nanda Named President of Virginia Transformer Corp.

01 01 1970

Anoop Nanda, president, Virginia Transformer Corp. With his added leadership, we will be well-positioned to increase our competitiveness while driving the next phase of our growth. ROANOKE, Va. May 12, 2017 Anoop Nanda, a leader in growing global manufacturers, has been named president of Virginia Transformer Corp., the nation’s second-largest provider of custom-engineered power electrical transformers. The appointment of Nanda as president completes a six-month nationwide search conducted by the board of directors as part of the company’s executive management succession plan. Long-time leader Prabhat Jain will continue to serve as CEO. “I am excited to welcome Anoop to our team,” Jain said. “He comes to us with a proven track record of adapting to new business environments and driving above-market performance. With his added leadership, we will be well-positioned to increase our competitiveness while driving the next phase of our growth.”     Nanda...

Analysis of Landmark Study Showed Patients Treated for Left-Main Coronary Artery Disease with XIENCE Stent Felt Better Faster and Had Similar Long-Term Outcomes to Open-Heart Surgery

01 01 1970

"For any treatment, it's important to not only consider clinical outcomes such as recurrent heart attacks or stroke, but also to consider the effect of the treatment on a patient's quality of life," said Suzanne J. Baron, M.D., study investigator and assistant professor of medicine at the University of Missouri-Kansas City. "These data demonstrate that PCI is a reasonable treatment option for patients with left main coronary artery disease that allows them to potentially avoid surgery and to rapidly obtain a better quality of life after revascularization." Quality-of-life was assessed at baseline, one month, one year, and three years. Patients were asked to report frequency of chest discomfort (angina), difficulty breathing, symptoms of depression and other physical and mental limitations. After one month, patients who underwent percutaneous coronary intervention...

An Initial $1.3 Million In Capital To Support Small Businesses Impacted By Recent Hurricanes

01 01 1970

With an initial $1.3 million in capital, including $1 million from JPMorgan Chase's Small Business Forward initiative, LiftFund's hurricane relief loan fund will help small businesses along the Texas Gulf Coast and Florida rebuild after the devastation caused by the September hurricanes. LiftFund's hurricane relief loan fund has reached $1.3 million in capital to provide a combination of products and support services, including low to zero interest loans to small business owners affected by Hurricanes Harvey and Irma. "For Houston to fully recover, our small businesses must remain strong engines of economic opportunity," said Nataly Marks, Managing Director for JPMorgan Chase in Houston. "JPMorgan Chase is proud to stand with LiftFund - an experienced microlender with a strong track record - and all the small businesses seeking to rebuild after Harvey."...

Ameren receives top diversity ranking from DiversityInc for third consecutive year

01 01 1970

ST. LOUIS, May 8, 2017 -- For the third consecutive year, DiversityInc has ranked Ameren Corporation first in the United States on its 2017 listing of the nation's Top 5 Utilities. Since 2010, Ameren has been recognized among DiversityInc's top utilities for creating an inclusive workplace, supporting the diverse communities it serves and developing strong partnerships with diverse suppliers.   "We are honored to be recognized by DiversityInc as the top utility in the nation for a third consecutive year," said Sharon Harvey Davis, Ameren's vice president of diversity and inclusion and its chief diversity officer. "Fostering and celebrating diversity in our workplace and in the communities we serve continues to be a priority for our leadership team and our co-workers." The DiversityInc honor is the latest in a series of recent recognitions highlighting Ameren's ongoing commitment to creating an inclusive and diverse workplace. In April, Black...

Ameren Missouri Proposes Plan for Solar Panels at Lambert Airport

01 01 1970

ST. LOUIS, May 3, 2017 -- Ameren Missouri is taking off on a forward-thinking plan to increase the amount of solar energy available to customers. Today, the company announced plans for a new solar generation facility to be built at St. Louis Lambert International Airport. Energy produced there would be available for its customers through the Community Solar Program. "What better way to showcase that we're a progressive region committed to finding innovative solutions to energy generation than by placing a large solar field at the airport," said Mike Mueller, vice president of economic and technology development at Ameren. "Ameren Missouri continues to lead the way by investing in more clean energy delivered reliably and affordably to our customers." Customer ChoiceThe plan calls for Ameren Missouri, a subsidiary of Ameren Corporation (NYSE: AEE), to build up to a one megawatt facility at Lambert. Once the plan is approved by city officials and state regulators, Ameren...

Ameren Missouri Plans Major Expansion of Wind, Solar Generation to Serve Customers

01 01 1970

ST. LOUIS, Sept. 25, 2017 () -- Ameren Missouri announced today a forward-thinking plan to dramatically increase the amount of wind and solar generation to provide cost-effective and sustainable energy for its customers. (PRNewsfoto/Ameren Missouri)... ...

Ameren Missouri contributes $25,000 to American Red Cross to support flood relief efforts, offers safety tips for customers

01 01 1970

ST. LOUIS, May 4, 2017 -- Ameren Missouri has contributed $25,000 to the American Red Cross of Eastern Missouri to assist with relief efforts following record flooding in Missouri. "Thanks to the generosity of philanthropic companies such as Ameren, the Red Cross is able to assist members of our community who have been impacted by the rising waters," said Cindy Erickson, chief executive officer of the American Red Cross of Eastern Missouri. "Ameren continues to be a generous partner of the Red Cross and to the communities they serve. We are grateful for their continued support of our mission."  The contribution is part of the Ameren Cares initiative, which connects Ameren with the communities it serves through charitable giving and volunteering. A key focus of Ameren Cares is partnering with nonprofit organizations to improve the quality of life in Ameren's service territories. "Our hearts go out to those affected by this latest flood," said Michael Moehn,...

Ameren Corporation Increases Quarterly Cash Dividend

01 01 1970

"We are pleased to announce an increase in our fourth quarter 2017 dividend," said Warner L. Baxter, chairman, president and chief executive officer of Ameren Corporation. "This action reflects confidence in the outlook for our businesses and ability to achieve our long-term earnings and rate base growth plans. Future dividend decisions will be driven by earnings growth, cash flows and other business conditions." The common share dividend is payable Dec. 29, 2017, to shareholders of record at the close of business on Dec. 13, 2017. Separately, the board of directors of Union Electric Company, doing business as Ameren Missouri, declared regular quarterly cash dividends on all classes of Union Electric Company's preferred stock. These preferred stock dividends are payable Feb. 15, 2018, to shareholders of record at the close of business on Jan. 19, 2018. ...

alliantgroup Hosts U.S. Senator John Cornyn and over 100 CEOs, Executives, Policy Experts, and Accounting and Finance Partners at Economic, Legislative & Policy Summit

01 01 1970

"If we can do healthcare reform, and if we can do tax reform, I would say that would be a good 2017," said Cornyn. While comprehensive tax reform is a key goal for congressional Republicans, during his Q&A session, Cornyn tempered expectations for a complete overhaul of the tax code. Instead, Senator Cornyn forecast a much more likely scenario of a reduction in corporate and individual tax rates, along with other pro-business changes. Cornyn reaffirmed his commitment to reforms that would encourage economic growth and lessen the regulatory burdens on U.S. businesses. "Our goal on tax reform, which I know is very much front and center in your attention, is to make a pro-growth tax code," said Cornyn. "It's gotten so complex, it's become an impediment to economic growth." "I would like to thank Senator Cornyn and everyone who...

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