Industry News: February 2018

Catch up on the latest acquisitions, promotions and company milestones

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Parent company of Liberty Financial division of Navitas Credit Corp. signs merger agreement
The parent company of Liberty Financial division of Navitas Credit Corp. signed a merger agreement with United Community Bank. Navitas will operate as a subsidiary of United Community Bank, and the current management team will continue to lead the organization.

Amthor International announces expansion
Amthor International will expand its tanker truck manufacturing operation in Pittsylvania County, Virginia. The expansion includes the construction of a new 115,000-square-foot production area, and the facility will be designated as the company’s corporate headquarters.

VersaFlex and Raven Lining Systems merge
VersaFlex and Raven Lining Systems merged effective in January. The new company plans to expand and build on the combined expertise in polyurea, polyurethane, epoxy and cementitious technologies.

Hyundai Construction Equipment Americas names new vice president of distribution/marketing
Hyundai Construction Equipment Americas appointed Stan Park vice president of distribution/marketing. He is responsible for leading the teams in charge of building and supporting the company’s dealer network and overall marketing efforts.

Continental ContiTech invests $9.3 million in Nebraska plant
Continental ContiTech announced a $9.3 million expansion of the rubber mixing operations at its industrial hose plant in Norfolk, Nebraska. It will support North American manufacturing facilities by providing rubber for industrial hoses and whitewall tires for passenger cars. Construction work will be completed by the end of the first quarter of 2019.


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