UNION, N.J. & CERRITOS, Calif., August 17, 2022--(BUSINESS WIRE)--O.Berk West LLC is pleased to announce that it has acquired the business of E.D. Luce Packaging of Cerritos, California, a wholesale distributor of bottles, jars, vials, containers, prescription packaging, and pharmaceutical supplies since 1943. O.Berk® West is an affiliate of O.Berk Company, LLC (Union, NJ), O.Berk Company of New England, LLC (West Haven, CT), and Kols Containers, Inc. (Baltimore, MD). The acquisition of this experienced team of packaging professionals will add to O.Berk's leading footprint within the personal care and pharmaceutical packaging marketplaces from coast to coast.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220816005701/en/
E.D. Luce Packaging, Cerritos, CA (Photo: Business Wire)
With this transition, O.Berk will acquire E.D. Luce's Southern California office/warehouse location, customers, supplier relationships, product offerings, and development capabilities as well as E.D. Luce's eCommerce store, essentialsupplies.com. These additions firmly align with O.Berk's dedication to leading the industry as the premier source for stock and custom packaging solutions across all North American marketplaces.
"O.Berk is excited about this strategic acquisition as we welcome the whole E.D. Luce family. This significant acquisition will expand our customer base and presence in the West Coast packaging markets through the acquired product service offerings and physical location in Cerritos, CA. Most importantly, O.Berk and E.D. Luce share core business values of providing unparalleled customer service and packaging expertise," said Marc Gaelen, President and CEO of O.Berk®.
"With our 70+ years of combined experience in packaging, we are thrilled to enter this next phase of our journey with O.Berk. We are confident that this is a winning transaction for everyone involved, and our passionate team is excited to build on O.Berk's fantastic foundation," said Zino Nakasuji, President of E.D. Luce.
Effective August 16, 2022, O.Berk West LLC will own substantially all of the assets of E.D. Luce.
The company can be reached at 1.800.631.7392, oberk.com, and on LinkedIn.
More information about O.Berk® Company and contact information are available at oberk.com.
ABOUT O.BERK COMPANY, LLC.
O.Berk Company, LLC, and its affiliates, with three established locations on the East Coast and a location in the Los Angeles, California area, provide complete packaging services to the pharmaceutical, health care, cosmetic, personal care, food and beverage, household, and commercial industries. O.Berk® offers end-to-end packaging solutions with stock, custom plastic and glass containers, caps, pumps, and sprayers, as well as labeling and decorating services.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220816005701/en/
Jessie Kressen Director Of Marketing, O.Berk jkressen@oberk.com
(Reuters) -Bed Bath & Beyond Inc's chief financial officer fell to his death from New York's Tribeca skyscraper known as the "Jenga" tower on Friday afternoon, police said on Sunday, days after the struggling retailer announced it was closing stores and laying off workers. Gustavo Arnal, 52, joined Bed Bath & Beyond in 2020. Police identified the man as Gustavo Arnal.
Elanor Investors Group ( ASX:ENN ), is not the largest company out there, but it saw a double-digit share price rise of...
In a market trending down, there are fewer scenarios more appealing to investors than ones outlining bearish sentiment is about to turn positive. And according to Ari Wald, head of technical analysis at Oppenheimer, we’re on the cusp of one such turnaround right now. “Our analysis indicates September weakness is marking a final leg lower in the bear cycle, and a bullish opportunity for long-term investors,” Wald recently explained. “In the post-war era, the majority of bear cycles have been long
In this article, we discuss the 10 best value stocks to buy now. If you want to read about some more value stocks, go directly to 5 Best Value Stocks to Buy Now. It has been a wild ride for investors on Wall Street for more than a year. Stocks have experienced extreme polarization since the […]
The major indexes broke more key support last week. Apple unveils the iPhone 14 Wednesday. AAPL stock is worth watching, but this tech leader looks better.
In late August, Nvidia (NASDAQ: NVDA) reported results for its fiscal second-quarter (ended July 31), and they weren't great. The long-term opportunity for Nvidia looks bright as semiconductors are rising in popularity, and the company is still seeing success in the industries with the highest potential. Second-quarter earnings results were a significant shift compared to Nvidia's previous quarters.
Perhaps not: One fund manager that successfully navigated the past two major stock crashes is bracing for an awful end to the year because it fears the Federal Reserve’s quiet exit from bonds. London-based Ruffer LLP is concerned that the accelerating runoff of the Fed’s Treasury holdings will suck liquidity out of the markets—just as rising rates and falling stock and bond prices increase the need for cash to smooth the drop. “It puts a pincer on equities and bonds at the same time,” said investment director at Ruffer.
It is Gustavo Arnal, 52, who allegedly jumped from the 18th floor of this building on September 2, says the newspaper citing police sources. "Prior to Avon, Mr. Arnal was CFO, International Divisions and Global Functions at Walgreens Boots Alliance."
Investors may remember 2022 as the year that stock splits came back. Such attributes can help boost the fortunes of Amazon (NASDAQ: AMZN), Tesla (NASDAQ: TSLA), and Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG).
Reminiscent of communist times? Maybe it's even worse.
High oil and gas prices are boosting the energy sector as these stocks have widely outperformed the S&P 500 Index. It's no wonder: Demand for refined products remains strong and global supply is tight. It also produces renewable diesel and has a midstream segment, Valero Energy Partners LP, but its contribution to total earnings is under 10%.
(Bloomberg) -- Bed Bath & Beyond Inc. Chief Financial Officer Gustavo Arnal fell to his death from a skyscraper in Manhattan’s Tribeca neighborhood on Friday. Most Read from BloombergAmazon Closes, Abandons Plans for Dozens of US WarehousesNASA’s Artemis Rocket Is a Gigantic Waste of MoneyCyrus Mistry, Heir to One of India’s Oldest Fortunes, Dies at 54Bed Bath & Beyond Says CFO Died in Fall From NYC BuildingGermany to Make ‘Billions’ Off Energy Firm Levy, Scholz SaysThe Union, New Jersey-based c
The lawsuit claimed CFO Gustavo Arnal was involved in a scheme to artificially inflate the company’s value.
(Bloomberg) -- In the aluminum industry, closing a smelter is an agonizing decision. Once power is cut and the production “pots” settle back to room temperature, it can take many months and tens of millions of dollars to bring them back online.Most Read from BloombergAmazon Closes, Abandons Plans for Dozens of US WarehousesNASA’s Artemis Rocket Is a Gigantic Waste of MoneyCyrus Mistry, Heir to One of India’s Oldest Fortunes, Dies at 54Bed Bath & Beyond Says CFO Died in Fall From NYC BuildingGerm
Oil prices jumped more than $1 a barrel on Monday, extending gains as investors eyed possible moves by OPEC+ producers to tweak production and support prices at a meeting later in the day. Oil prices have fallen in the past three consecutive months, after touching multi-year highs in March, on concerns that interest rate hikes and COVID-19 curbs in parts of China, the world's top crude importer, may slow global economic growth and cool oil demand. At their meeting later on Monday, the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, may decide to keep current output levels or even cut production to bolster prices, despite supplies remaining tight.
Take tobacco giant Altria Group (NYSE: MO), for example; the stock offers investors a whopping 8.3% yield, but why is Wall Street demanding such a high payout for owning shares? Here are three reasons investors can tap into Altria's fat dividend with confidence. Since Altria owns Marlboro, the country's most popular cigarette brand, you might guess its exposure to this decline would mean less revenue.
Target-date funds may be cramping your retirement. Between July 29 and Aug. 2, lawyers representing current and past participants in six separate retirement plans filed suit against their employers and plan fiduciaries, charging that the BlackRock target-date funds in the … Continue reading → The post Are Target-Date Funds Hampering Your Retirement? Try This Instead appeared first on SmartAsset Blog.
Investors see increased odds that the pound will tumble below parity with the dollar, something that hasn’t happened in their more than 200-year trading history
Using technical analysis of the charts of those stocks, and, when appropriate, recent actions and grades from TheStreet's Quant Ratings, we zero in on three names. While we will not be weighing in with fundamental analysis, we hope this piece will give investors interested in stocks on the way down a good starting point to do further homework on the names. Workday Inc. recently was downgraded to Sell with a D+ rating by TheStreet's Quant Ratings.
The group of oil producers will keep its output steady when it meets Monday, people familiar with the matter said, as Moscow maneuvers to thwart Western attempts to limit its oil revenue following its invasion of Ukraine.