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ezCater brings Wawa’s signature Sizzli® sandwich and hoagies to workplaces across the Mid-Atlantic and Florida

Businesses can now order Wawa Catering from all 1,000 stores through the ezCater marketplace

 

BOSTON — (BUSINESS WIRE) — ezCater, the most trusted provider of corporate food solutions, and Wawa Inc.  announced Tuesday, the launch of all Wawa locations on the ezCater marketplace. Now, workplaces can order Wawa’s signature breakfast sandwiches, like the Sizzli®, and hoagies, from 1,000 store locations across Pennsylvania, Delaware, New Jersey, Maryland, Virginia, Florida, and Washington, D.C.


​“Thanks to this new partnership with ezCater, we now have the ability to reach more business customers with our fresh offers, perfect for breakfast, meetings, and corporate events,” said Steve Hackett, Director of Digital Experience, Wawa.

 

“We see this as a great way to provide even more convenience to the business community.”

 

In a recent survey, ezCater found that 67% of workers believe that skipping breakfast negatively affects their productivity in the workplace. Still, 60% of them skip breakfast two or more days per week, creating a big opportunity for employers to improve productivity by providing breakfast. With ezCater, Wawa can now reach these valuable business customers investing in food for work. Their catering menu includes a variety of breakfast, coffee, and lunch items, which come individually packaged or in trays, depending on the workplace’s needs.

 

“Our customers count on us to provide a variety of reliable caterers for all of their food for work needs, whether that’s for breakfast meetings, daily employee lunches, or anything in between,” said Mike O’Hanlon, Chief Partnership Officer, ezCater.

 

“Wawa’s iconic lunch staples and breakfast options like the Sizzli® make them fan-favorites. We’re so excited to now be able to offer Wawa Catering to ezCater customers.”

 

ezCater has more than 100,000 restaurants and caterers on its platform, from local independent restaurants to national chains. With its extensive expertise in corporate food solutions, ezCater helps its restaurant partners manage, analyze, and grow their catering businesses. To learn more about the ezCater Catering Growth Platform, visit www.ezcater.com/grow.

 

To place a catering order from Wawa, visit www.ezcater.com/brand/wawa-1.

 

Methodology

In March of 2023, ezCater surveyed 500 workers nationwide, that work onsite in a business office or hybrid, to analyze the role breakfast has on employee health, productivity, and satisfaction.

 

About ezCater

ezCater is the most trusted provider of corporate food solutions. With a network of more than 100,000 restaurants across the US on its platform, ezCater provides flexible and scalable food solutions for everything from recurring employee meals to one-off events such as sales calls and board meetings. ezCater is purpose-built for food for work and supported by best-in-class customer service, enabling companies to centralize and manage their food spend in a single, customizable platform. To explore corporate food solutions or place a catering order, visit www.ezcater.com.

 

About Wawa, Inc.

Wawa, Inc., a privately held company, began in 1803 as an iron foundry in New Jersey. Toward the end of the 19th Century, owner George Wood took an interest in dairy farming and the family began a small processing plant in Wawa, PA in 1902. The milk business was a huge success, due to its quality, cleanliness and “certified” process. As home delivery of milk declined in the early 1960s, Grahame Wood, George’s grandson, opened the first Wawa Food Market in 1964 as an outlet for dairy products. Today, Wawa is your all day, every day stop for freshly prepared foods, beverages, coffee, fuel services and surcharge-free ATMs. Wawa stores are located in Pennsylvania, New Jersey, Delaware, Maryland, Virginia, Florida and Washington, D.C. The stores offer a large fresh foodservice selection, including Wawa brands such as custom prepared hoagies, freshly-brewed coffee, hot breakfast sandwiches, specialty beverages and an assortment of soups, sides and snacks. Forbes.com Ranks Wawa as #24 of America’s Largest Private Companies in 2021 and #12 on Forbes 100 Halo List in 2022. For more information, visit us on www.wawa.com or follow us on Facebook, Twitter, Instagram, TikTok, and Snapchat at @wawa.

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Business Economics Education Lifestyle Technology

Knightscope recently lands $1.25 million contract

Rutgers University expands emergency communication capabilities with K1 Towers and phones

 

MOUNTAIN VIEW, Calif. — (BUSINESS WIRE) — $KSCP #SecurityRobot—Knightscope, Inc. [Nasdaq: KSCP] “(Knightscope” or the “Company),” a leading developer of autonomous security robots and blue light emergency communication systems, announced Tuesday that it received a $1.25 million contract for its K1 Blue Light Towers and K1 E-Phones. Rutgers, The State University of New Jersey “(Rutgers),” signed purchase orders for 145 devices in total.


Rutgers stands among America’s highest-ranked, most diverse public research universities and is the oldest, largest, and top-ranked public university in the New York/New Jersey metropolitan area. It has been using Knightscope’s emergency communication devices since 2022 and has been slowly expanding its footprint of the familiar blue light towers throughout the year. This latest purchase of 138 Towers and 7 E-Phones will be used to blanket 4 campuses with reliable emergency communications for students, faculty and visitors.

 

To learn more about Knightscope’s Autonomous Security Robots and Blue Light Emergency Communication Systems, book a discovery call or demonstration now at www.knightscope.com/discover.

 

About Knightscope

Knightscope is an advanced public safety technology company that builds fully autonomous security robots and blue light emergency communications systems that help protect the places people live, work, study and visit. Knightscope’s long-term ambition is to make the United States of America the safest country in the world. Learn more about us at www.knightscope.com. Follow Knightscope on Facebook, Twitter, LinkedIn and Instagram.

 

Forward-Looking Statements

This press release may contain “forward-looking statements” about Knightscope’s future expectations, plans, outlook, projections and prospects. Such forward-looking statements can be identified by the use of words such as “should,” “may,” “intends,” “anticipates,” “believes,” “estimates,” “projects,” “forecasts,” “expects,” “plans,” “proposes” and similar expressions. Forward-looking statements contained in this press release include, but are not limited to, statements about the Company’s path to profitability, the Company’s targeted annualized revenue run rate, the Company’s plans for top-line growth, the Company’s ability to deliver on its backlog of new orders, the benefits of the Company’s planned streamlining of its operations and rightsizing of its combined workforce and the Company’s ability to achieve improved margins. Although Knightscope believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. These risks and uncertainties include, among other things, the risk that the restructuring costs and charges may be greater than anticipated; the risk that the Company’s restructuring efforts may adversely affect the Company’s internal programs and the Company’s ability to recruit and retain skilled and motivated personnel, and may be distracting to employees and management; the risk that the Company’s restructuring efforts may negatively impact the Company’s business operations and reputation with or ability to serve customers; the risk that the Company’s restructuring efforts may not generate their intended benefits to the extent or as quickly as anticipated. Readers are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in Knightscope’s Annual Report on Form 10-K for the year ended December 31, 2022. Forward-looking statements speak only as of the date of the document in which they are contained, and Knightscope does not undertake any duty to update any forward-looking statements, except as may be required by law.

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Business Economics Lifestyle Technology

B Generous, creator of the world’s first philanthropic credit product, recognized for innovation in PayTech Awards 2023

Fintech-for-good company offering a groundbreaking Donate Now, Pay Later™ platform named a finalist in “PayTech for Good” award honors

 

PARSIPPANY, N.J. — (BUSINESS WIRE) — #AI—Provenir, a global leader in data and AI-powered risk decisioning software, today congratulated its customer B Generous for being recognized as a finalist in the “PayTech for Good” category of the PayTech Awards 2023.

The PayTech Awards celebrate and recognize outstanding achievements in the use of technology in the finance and payment industry worldwide. The “PayTech for Good” category recognizes technology providers that actively put the wider community first and demonstrate the values of connection, collaboration, and generosity above and beyond the usual confines of business goals.

 

A B2B2C fintech company and fully licensed U.S. loan broker and loan servicer, B Generous created the world’s first philanthropic credit product, allowing donors to Donate Now, Pay Later (DNPL), financing their donation over time without having to pay anything out-of-pocket at the point of donation. Donors get the full tax deduction and the nonprofit receives the full funds immediately, while the donor gains flexibility to pay over 3, 6 or 9 months with no interest or fees. DNPL fundamentally solves the liquidity problem for nonprofits, without putting pressure on donors’ finances, allowing people to give what they want, not merely what they feel constrained to give.

 

With the opportunity to pay over time, 82 percent of donors double their donation — a number rising to 89 percent among donors giving $1,000 or more. B Generous donors give $460 on average – 3.5x more than the average charitable donation of $128.

 

A key element of B Generous’s offering is near-real time credit decisioning, powered by the Provenir Data and AI-Powered Risk Decisioning Platform, which offers a streamlined single point of access to myriad bureaus and data sources for more accurate credit decisioning.

 

“Provenir congratulates B Generous for being recognized as a distinguished finalist in this year’s PayTech Awards,” said Kathy Stares, Provenir’s Executive Vice President for North America. “We are proud to support B Generous’s innovation in transcending the liquidity problem for nonprofits, while easing the pressure on donors’ finances.”

 

About Provenir

Provenir helps fintechs and financial services providers unlock the secret to smarter credit risk decisioning.

 

The company brings together the power of decisioning, data and AI to drive instant decisions. This unique offering gives organizations the ability to power decisioning innovation across the full customer lifecycle, driving improvements in the customer experience, access to financial services, business agility, and more.

 

Provenir works with disruptive financial services organizations in more than 50 countries and processes more than 3 billion transactions annually.

Contacts

Kelly Poffenberger

Lutz Public Relations and Marketing (for Provenir)

kelly@lutzpr.com
714.553.9071

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Business Economics Lifestyle Technology

3 Trends that can help SMBs exceed in E-commerce: AI, buy now_pay later & buy online_pick-up in store

In the U.S., revenue earned from retail e-commerce is estimated to exceed one trillion dollars in 2023.

 

The online shopping revenue in the U.S. is projected to surpass 1.5 trillion dollars by 2027. According to research by Fundera, 16% of all retail purchases are made on e-commerce sites and it is also anticipated that e-commerce will handle 95% of all consumer transactions by 2040.

 

However, pain points for SMBs can vary based on industry and company, but some are universal. As per market research, SMBs can lose up to 30% of potential revenue each year due to inefficient processes.

 

SMBs need to look towards better targeted marketing, increased customer retention, seamless automation, and efficient sales processes. By using AI, product recommendations can be personalized based on past purchase history, improving conversion rates by 915% and order values by 3%. AI can also optimize pricing, enhance customer service, segment customers, forecast sales and demand, and even enable smart logistics. Chatbots are becoming increasingly popular, with 40% of consumers using them to engage with retail companies in the U.S.

 

“Unpredictable shifts in consumer buying habits triggered by rapidly unfolding technologies have created even more challenges for retailers wanting to service their customers online, especially for SMB Davids who are trying to keep pace with the e-commerce Goliaths,” notes Mikel Lindsaar, CEO and Founder of StoreConnect. “AI is revolutionizing the e-commerce industry by enabling personalized shopping experiences, improving supply chain efficiency, and enhancing fraud detection.”

 

Some of the other top e-commerce trends in 2023 revolve around new payment methods.

 

Buy Now, Pay Later (BNPL) solutions have been increasing worldwide. Statistics show that the global use of BNPL increased by a staggering 400% between 2019 and 2021, now accounting for 3% of the e-commerce market share. Retailers have introduced BNPL services, and consumers are increasingly using them for their daily purchases. There are currently around 360 million BNPL users worldwide, and the BNPL market is worth over $150 billion. Additionally, BNPL lending in the U.S. is predicted to reach $114 billion by 2024.

 

Buy Online, Pick-up in Store (BOPIS) is also gaining popularity. The global BOPIS industry was valued at $243.89 billion in 2021 with a projection of $703.2 billion by 2027, growing at a CAGR of 19.3%. U.S. shoppers spent $95.9 billion through BOPIS options in 2022, accounting for 9% of all e-commerce sales. In the U.S., the BOPIS market is expected to exceed $150 billion by 2025. For brick-and-mortar stores, BOPIS increases the chances for retailers to make additional sales once their consumers arrive to pick up their online orders.

 

According to research, the average percentage of online shopping carts abandoned before purchases are completed is 68.63%. However, a significant 63% of those cases can be recovered with the correct set of offerings, such as providing various payment options.

 

“With online purchases coming in from all directions, and a heightened demand for a more personalized and rewarding shopping experience, e-commerce SMBs trying to survive and thrive need to accommodate these trends without adding additional labor and expense, and having different payment options not only provides convenience for customers, but it also helps to increase sales and reduce cart abandonment rates,” concludes Lindsaar.

 

Mikel Lindsaar, CEO and Founder of StoreConnect can speak on the following:

  • What are the latest trends in the e-commerce industry that SMBs need to implement?
  • How can AI help SMBs compete with the bigger e-commerce companies?
  • Why is it important for SMBs to have a range of payment options for consumers?
  • What are the factors that are leading more consumers to use BNPL and BOPIS?

 

About StoreConnect

Mikel Lindsaar, CEO and Founder of StoreConnect, is an experienced technology entrepreneur whose mission is to infuse small and medium-sized businesses with the power to be successful in eCommerce 3.0 and scale to meet growing demand. Small businesses can’t waste time setting up their business on a platform only to repeat the process by changing platforms when they want to scale, nor do they want to waste time figuring out how to integrate multiple platforms. StoreConnect (built on the World’s Number 1 CRM, Salesforce) gives clients a complete, powerful, configurable eCommerce and CRM solution where they can manage their website, online and in-store sales, provide amazing customer service, run all their digital marketing campaigns and have up-to-date detailed metrics, reporting and full understanding of their customer. They were awarded Salesforce’s 2021 International Partner Innovation Award of the year for the Retail sector. They are changing the ease with which small businesses are run — with a manageable price tag. StoreConnect is Time. Well Spent.

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Best’s Review looks closely at insurance expense efficiency

OLDWICK, N.J. — (BUSINESS WIRE) — In a new article, Best’s Review speaks with industry experts about the challenges of reducing the expense ratio.

 

According to Bill Pieroni, president and chief executive officer for ACORD, “What we’ve found and seen over the last several years is that the sustainable value carriers are able to have a lower-than-average loss adjustment expense and a lower-than-average pure loss ratio.”

A new Best’s Special Report notes some improvement, as the industry’s average underwriting expense ratio decreased to 26.3% in 2021 from 28.0% in 2011, and the net general expense ratio declined to 6.5% in 2021 from 7.1% in 2011. Read the full story, “Insurers Find Ways to Decrease the Underwriting Expense Ratio.”

 

Best’s Review is AM Best’s monthly insurance magazine, covering emerging issues and trends and evaluating their impact on the marketplace. The complete content of Best’s Review is available here.

 

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2023 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Patricia Vowinkel

Executive Editor, Best’s Review®
+1 908 439 2200, ext. 5540

patricia.vowinkel@ambest.com

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Business Digital - AI & Apps Lifestyle Technology

Avantra introduces a new Cloud edition for RISE with SAP at Sapphire 2023

CHICAGO, IL, — Avantra, the leading AIOps platform for SAP operations automation, today announced the launch of their new Cloud edition for RISE with SAP. This edition enables RISE customers to automate cloud, on premise, and third party operation activities as they migrate their business operations to the cloud.

 

RISE with SAP has made it easier for SAP customers to bring SAP applications to the cloud together in a single contract, but customers retain responsibility for the operation of their applications. With the unprecedented capability to automate workflows across cloud, legacy, and third party implementations, the Cloud edition for RISE with SAP provides the time needed to focus on their strategic initiatives.

 

“At a time when more and more companies are looking at enterprise wide digital transformation and wanting to connect rather than isolate operations, impeding the ability to optimize hybrid operations presents a significant barrier to business advancement. We developed a Cloud edition designed to work with RISE with SAP to remove this barrier, recognizing that this need is not likely to go away any time soon,” John Appleby, Chief Executive Officer, Avantra.

 

One hybrid AIOps platform. Endless possibilities

The Avantra Cloud edition for RISE with SAP provides a single point of access to service and operating data and will support more than 300 RISE with SAP services. These include options such as configuration management for regulated industries, one off services, and cloud application services. It will also support more than 100 services where customers are responsible, such as managing data files, determining security requirements, and end to end application monitoring.  

 

The ability to get such services from Avantra gives customers the choice of running them on cloud servers or partitioning them onto legacy operating systems, which they might want to do, for example, to reduce costs or gain strategic advantage.

 

“This new edition is the perfect complement to RISE with SAP. The enhanced flexibility and capability mean that customers can leverage software operations and services, and manage data across all modes, building strategic business systems, provisioning them more efficiently and with minimal human effort and error,” said Bernd Engist, Chief Technology Officer.

 

Echoing the market demand for hybrid solutions within SAP operations management, Nick Miletich, Chief Technology Officer at Managecore, said, “As RISE with SAP deployments continues to go live, Managecore too sees the increasing need for a unified experience for SAP customers across their IT systems that are both managed and not managed by RISE with SAP. Managecore’s RISE with SAP companion solution ManagecoreiQ+ leverages Avantra’s RISE certified automation tool via our Watchdog platform to provide that single pane of glass experience by monitoring all enterprise systems hosted by RISE with SAP or in a multi-cloud environment. The approach empowers SAP customers to see the full breadth of their systems in one place.”

 

In addition to introducing the new Cloud edition at SAP Sapphire, Avantra will demonstrate the ongoing activity to improve results and add context to its data analysis capability, what they call “intelligent automation.” In one demonstration, for example, they will show how AI tools like Chat GPT might improve efficiency in analyzing check results and guiding users to solutions. 

 

The Avantra leadership team will be hands on at booth #830. SAP Sapphire takes place on Tuesday, May 16-17 at the Orange County Convention Center, Orlando.

 

About Avantra:

Avantra helps businesses achieve commercial success and competitive advantage by saving time and resources, reducing issues and supporting growth.  Customers of the Avantra platform save at least 30% in SAP operations costs, giving them the edge in a market where resources are tight. Today, some of the world’s largest organizations use Avantra to transform from reactive to proactive. This results in significant time and cost benefits across their business by avoiding human error, assuring quality, and delivering a single source of truth. The unmatched intelligence of Avantra gives enterprises freedom from system downtime, real SAP context for the whole technology stack and time for higher value projects. Many multinational brands rely on the Avantra platform to bring intelligent automation to their SAP operations, creating time to build a future path to hyperautomation success.

 

www.avantra.com

Media Contact:

Hemant Deswal

h.deswal@bcmpublicrelations.com

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Art & Life Business Culture Economics Lifestyle Science

Siegel Egg Co. names Matt Whitney as new CEO

BETHESDA, Md. & EVANSTON, Ill. — (BUSINESS WIRE) — Siegel Egg Co. “(Siegel” or “the Company)” has named Matt Whitney as Chief Executive Officer.

 

Whitney succeeds Matt Saunders, who will retire with this transition. Siegel is a portfolio company of Rotunda Capital Partners “(Rotunda),” a middle-market private equity firm investing in family and founder-owned value-added distributors.


“I am thrilled to bring Matt onto our team,” Saunders said.

 

“We have been actively searching for the right leader to take the baton from me and drive Siegel to future heights. With Rotunda’s continued backing, Matt’s successful background in the food distribution industry will enable us to deliver significant value to our customers and vendor partners while pursuing a multitude of growth opportunities.”

 

“We are excited to welcome Matt to Siegel,” said Dan Lipson, Managing Partner at Rotunda.

 

“Siegel is a regional leader that is poised for accelerated growth, and Matt’s leadership and experience are exactly what we need to continue building on the Company’s strong history and dedication to customer service.”

 

In addition to the appointment of Matt, Ken Siegel, who ran the Company for over 30 years and is a significant stakeholder, will re-engage with the Company as a Senior Advisor to the leadership team for this next stage of growth.

 

He said, “Siegel has been in my family for almost 100 years, and I couldn’t be more excited to have Matt join the team as the next leader of the business.”

 

Whitney has been a leader in the food distribution industry for over a decade. He joins Siegel after serving as Chief Growth Officer of UNFI, the largest publicly traded wholesale distributor of specialty food in the United States. Prior to that, he spent almost eight years at Sysco, most recently as Corporate Vice President of Field Transformation and Executive Vice President of the Boston Division. Prior to that, he was a Partner at the Lucas Group and Principal at the Parthenon Group. Whitney holds a BA from Tufts University and an MBA from the Tuck School of Business at Dartmouth College.

 

“I am excited to join an organization as respected as Siegel, with almost 100 years of history and reputation,” Whitney said. “I look forward to working closely with the Siegel team, Ken and Rotunda to engage with our customer and vendor partners to accelerate Siegel’s position as a leader in the industry.”

 

About Siegel Egg Co.

Founded in 1924, Siegel is a one of New England’s leading distributors of egg, dairy and bakery ingredients primarily serving commercial bakeries and food service institutions. The Company operates out of a single facility in Billerica, Mass., to distribute over 2,300 SKUs to customers in New England, Connecticut, New Jersey and New York. For more information, visit www.siegelegg.com.

 

About Rotunda Capital Partners

Rotunda Capital Partners is an operationally oriented private equity firm focused on transforming family-founder owned companies into dynamic, data-driven platforms able to achieve and manage significant growth. Since its founding in 2009, Rotunda has partnered with management teams to build great businesses within three primary sectors: value-added distribution, asset-light logistics and industrial, business and residential services. Rotunda strives to achieve replicable results by implementing its Rotunda Performance System to create strategic alignment, develop lean processes and create robust, data-driven infrastructures. For more information, visit www.rotundacapital.com.

Contacts

Jill Lafferty

Rotunda Capital Partners

(847) 280-1295

jill@rotundacapital.com

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Applegreen Electric announces Holly Angell as US CEO, key appointment to lead the team through rapid growth in the US

GLEN ROCK, N.J. — (BUSINESS WIRE) — Applegreen Electric, a leading Electric Vehicle charging network, today announced the appointment of Holly Angell as CEO of the U.S. division of Applegreen Electric.

 

Holly is an experienced global executive with an impressive 25-year track record in retail and energy sectors, particularly in the North America, Australia, and Southeast Asia. In this role, Holly will lead the U.S. Applegreen Electric team to grow its presence and build on the success thus far in establishing universal fast charging across the Applegreen Electric network and seek out new opportunities across the US as the shift toward electric driving accelerates, transforming the way in which we commute.

 

Prior to joining Applegreen Electric, Holly served as the Senior Vice President of Construction, Engineering, Energy and Facilities at 7-Eleven where she led the development of 7Charge, 7-Elevens’s EV charging network. Holly has held several leadership roles at major global companies such as Dairy Farm Group in Hong Kong and Coles in Australia. Throughout her career, Holly has been an avid advocate for sustainability and technology as a catalyst for exceeding customer expectations.

 

Eugene Moore, Group CEO of Applegreen Electric remarked, “We are deeply committed to our customers in the United States and providing them with access to world-class rapid EV charging. We are extremely grateful to have someone of Holly’s caliber join Applegreen Electric to lead the US team. Holly’s experience and expertise is critical to leading our growing team as we continue to deliver on our mission and explore new opportunities.”

 

Currently, Applegreen Electric operates and hosts EV charging in nine states in the United States across the Applegreen network, providing rapid universal EV charging to customers while also ensuring they have access to high quality facilities and popular QSR brands. Applegreen Electric considers economic, environmental, and social responsibility an integral part of its corporate philosophy and understands the contribution Applegreen Electric can make toward a more sustainable future by being an integral part of the DCFC infrastructure across the U.S.

 

“Leading the Applegreen Electric USA Team is an exciting moment in my career,” said Holly Angell. “I am looking forward to expanding Applegreen’s network of reliable alternative fuelling locations, driving revenue growth across our business, providing superior customer service to valued EV drivers and continuing the development of the EV Team.”

 

About Applegreen Electric

Applegreen Electric hosts and operates universal access Electric Vehicle (EV) charging bays. We seek to support our customers on their transition to EV driving by providing a seamless charging experience alongside popular food and beverage brands and high-quality facilities. Applegreen Electric is deeply committed to reducing carbon emissions through the implementation of EV charging stations.

 

Applegreen Electric is a global EV charging network majority owned by Blackstone with a proven track record in the design and operation of over 600 Fast Charging bays across our geographies. Applegreen Electric was established in 2021 as a subsidiary of Applegreen Limited to focus exclusively on EV charging infrastructure. Established in 1992, Applegreen is one of the largest Plaza operators in Europe and the U.S.

 

Today, Applegreen Electric provides 1,000,000+ fast charging sessions to its customers per year in a rapidly growing transition to more sustainable transport fuels with a range of partners. Further information is available at https://www.applegreenelectric.com/

Contacts

Paula Chirhart

paula.chirhart@blackstone.com
347-463-5453

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Business Healthcare Lifestyle Science

DWK Life Sciences completes acquisition of Assem-Pak | Aluseal

WERTHEIM, Germany — (BUSINESS WIRE) — DWK Life Sciences (“DWK”), a leading global manufacturer and supplier of laboratory glassware, plasticware, and primary packaging solutions, has completed the acquisition of Assem-Pak | Aluseal (“Assem-Pak”), a U.S. company based in Vineland, New Jersey.

 

Assem-Pak, which was founded 23 years ago and currently employs 110 people at their New Jersey facility, specializes in the production of premium rubber stoppers and aluminum seals as well as premium services such as washing, cleaning, assembling, and kitting of primary packaging for the Life Science market.

The acquisition will allow DWK to broaden its range of customizable packaging solutions for the Life Science industry segment, enabling it to support customers at every critical step of their development process. Assem-Pak also strengthens DWK’s value proposition of providing bundled solutions, allowing organizations to consolidate and simplify their complex supply chains.

 

DWK’s recent investments in its plants in Rockwood (U.S.) and Holzminden (Germany) have increased its manufacturing capability for glass vials across the U.S. and Europe. With the addition of Assem-Pak, DWK continues its expansion plan to further strengthen its presence in the Life Science packaging solutions market.

 

“I’m excited that Assem-Pak has joined the DWK family to enhance our vision of being a leading packaging solutions provider. Assem-Pak’s combination of manufacturing expertise and service offerings is a great addition to our already extensive global production and service footprint. This acquisition will allow DWK to capitalize on increasing demand for custom solutions to meet the complex needs of the Life Science industry,” said Armin Reiche, CEO of DWK Life Sciences.

 

Jeff Schempp, CEO of DWK Life Sciences LLC (North America) added: “The combination of Assem-Pak’s manufacturing capabilities in rubber stoppers and aluminum seals combined with DWK’s global market access makes this a perfect fit for both companies. We’re happy to have a great team join the DWK Group to help us achieve our objectives for years to come.”

 

About DWK Life Sciences

DWK Life Sciences is the leading global manufacturer and provider of precision labware as well as primary packaging solutions for Life Science Research, Applied Sciences and Diagnostics, and Pharmaceutical markets.

 

With over 35,000 products, the company’s offering includes the most comprehensive range of premium laboratory glassware together with a complementary portfolio of plastic products. They are manufactured at 12 global sites and marketed under the acclaimed brands DURAN®, WHEATON®, and KIMBLE®.

 

Worldwide, our 1,900 employees are dedicated to developing and delivering superior products and services to meet the highest expectations of customers in laboratories and production environments around the world. To learn more, visit www.DWK.com.

 

DWK Life Sciences is a portfolio company of One Equity Partners.

 

About One Equity Partners

One Equity Partners (“OEP”) is a middle market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. The firm seeks to build market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team, and an established track record generating long-term value for its partners. Since 2001, the firm has completed more than 300 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York, Chicago, Frankfurt and Amsterdam. For more information, please visit www.oneequity.com.

Contacts

Cortney Ecklor, Digital Marketing Manager

cortney.ecklor@dwk.com
phone: 865.399.6047

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Business Economics Lifestyle Regulations & Security

Catalent recommends stockholders reject mini-tender offer from TRC Capital Investment Corporation

SOMERSET, N.J. — (BUSINESS WIRE) — Catalent, Inc. (“Catalent”) (NYSE: CTLT) has been notified of an unsolicited “mini-tender offer” by TRC Capital Investment Corporation (“TRC”) to purchase up to 2,000,000 shares of Catalent’s common stock at a price of $42.95 per share in cash. TRC’s offer price is approximately 4.43% lower than the $44.94 closing price of Catalent’s common stock on April 24, 2023, the last trading day prior to the date of the mini-tender offer (April 25, 2023).

 

Catalent does not endorse TRC’s unsolicited mini-tender offer and recommends that stockholders do not tender their shares in response to this unsolicited mini-tender offer because the offer is at a price below the current market price of Catalent’s common stock and is subject to numerous other conditions.

 

Catalent is not affiliated or associated in any way with TRC, its mini-tender offer or the offer documentation. TRC has made similar mini-tender offers for shares of other companies. Mini-tender offers seek to acquire not more than 5 percent of a company’s shares outstanding, thereby avoiding many disclosure and procedural requirements of the U.S. Securities and Exchange Commission (the “SEC”) that are designed to protect investors. As a result, mini-tender offers do not provide investors with the same level of protection as provided by larger tender offers under United States federal securities laws.

 

The SEC has issued “Tips for Investors” regarding mini-tender offers, cautioning investors that some bidders, in making the offers at below-market prices, are “hoping that they will catch investors off guard if the investors do not compare the offer price to the current market price.” The SEC’s advisory may be found on the SEC website at http://www.sec.gov/investor/pubs/minitend.htm.

 

Catalent urges stockholders to obtain current market quotations for their shares of common stock, to consult their broker or financial advisor, and to exercise caution with respect to TRC’s mini-tender offer.

 

Catalent recommends that stockholders who have not responded to TRC’s mini-tender offer take no action. Catalent stockholders who have already tendered their shares may withdraw their shares by providing the written notice described in TRC’s offering documents prior to the expiration of the mini-tender offer, currently scheduled for 12:01 a.m., New York City time, on May 24, 2023, unless the offer is extended or earlier terminated.

 

Catalent urges brokers, dealers and other market participants to review the SEC’s recommendations to broker-dealers in these circumstances, which can be found on the SEC website at http://www.sec.gov/divisions/marketreg/minitenders/sia072401.htm.

 

Catalent requests that a copy of this news release be included with all distributions of materials relating to TRC’s mini-tender offer.

 

About Catalent

Catalent, Inc. (NYSE: CTLT), an S&P 500® company, is the global leader in enabling pharma, biotech, and consumer health partners to optimize product development, launch, and full life-cycle supply for patients around the world. With broad and deep scale and expertise in development sciences, delivery technologies, and multi-modality manufacturing, Catalent is a preferred industry partner for personalized medicines, consumer health brand extensions, and blockbuster drugs. Catalent helps accelerate over 1,000 partner programs and launch over 150 new products every year. Its flexible manufacturing platforms at over 50 global sites supply around 80 billion doses of nearly 8,000 products annually. Catalent’s expert workforce of approximately 18,000 includes more than 3,000 scientists and technicians. Headquartered in Somerset, New Jersey, the company generated nearly $5 billion in revenue in its 2022 fiscal year. For more information www.catalent.com.

Contacts

Investor Contact:

Paul Surdez, Catalent, Inc.

(732) 537-6325

investors@catalent.com

Media Contact:

Chris Halling

+44 (0)7580 041073

media@catalent.com