The material provided on this website is for information purposes only and should not be understood as an investment advice. GP Global, Luminex and their directors and executive officers may also be deemed to be participants in the solicitation of proxies from the stockholders of GACQ in connection with the proposed business combination. GACQ cautions that the foregoing list of factors is not exhaustive. "Please give us some help. -And more coming soon! December 13, 2021 09:52 ET 12 verified customers. He joined the newspaper in 1997 and previously worked in its Washington and Frankfort bureaus and covered the courthouse beat. MVP GROUP INTERNATIONAL (90 orders) US NONWOVENS CORPORATION (77 orders) OLD WILLIAMSBURGH CANDLE CORP (62 orders) ARDEX COSMETICS OF AMERICA (46 orders) EMPIRE CANDLE LLC (38 orders) 4.6 / 5. The combined entity has a forecast 2022 revenue of approximately $553m. Your prayers are needed and appreciated.". Additional national and international brands that will be within its portfolio at closing include Manly Indulgence, CL Co and PartyLite. for convenient one-stop shopping, Candles that embody the fine art of hospitality. The. It is with great privilege that we nurture and maintain these strong relationships while making our clients successful. Elkin, NC MVP Group International Inc. will expand in Surry County, NC, according to the Mount Airy News. Information about GACQs directors and executive officers and their ownership of GACQ common stock is set forth in GACQs prospectus, dated June 8, 2021, as modified or supplemented by any Form 3 or Form 4 filed with the SEC since the date of such filing. The SPAC merger deal would provide $117.5m in net proceeds. Its a reflection of the dedicated employees that continue to surpass our customers expectations.". Your prayers are needed and appreciated.. But opting out of some of these cookies may affect your browsing experience. As of early Saturday, Dec. 11, first responders had only rescued 40 of the workers. The scary view from above: See drone photos, video of tornado damage in Mayfield, Biden, after declaring emergency for tornado damage, says hell visit Kentucky, Want to help Kentucky tornado & storm victims? Support my work with a digital subscription. Earlier this year, the Graves County jailer told the Paducah Sun that he would provide an inmate-to-business work program to supply labor at the candle factory. Contact Ben Tobin at bjtobin@gannett.comand502-377-5675 or follow on Twitter @Ben__Tobin. marketing tips, merchandising opportunities, and more! The companys chief executive officer, Troy Propes, told Fox News on Sunday that workers were told to shelter inside the factorys bathrooms, which had window-less concrete walls and a steel roof. When a tornado destroyed the factory late Friday, seven jail inmates were working inside. How did they rate and more answers. The newly formed company intends to earmark the cash for funding growth. According to theOccupational Safety and Health Administration's website,Mayfield Consumer Products had 12 workplace violations at its112 Industrial Drive plant issued on Sept. 4, 2019. Privacy Policy and Transfer portal talk: Former Ivy League star with family ties to John Calipari in portal, Montana Rep. Zooey Zephyr sues over removal from House floor, US says 20,000 Russians killed in Ukraine war since December, Judge blocks Missouri rule that would limit transgender care, US House speaker in Knesset amid fraught US-Israel ties, Democratic Washington Gov. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We want to see you succeed - Contact us for any questions or concerns! Matt Bevin said in the news release. Loeb & Loeb LLP is serving as legal counsel to Global Consumer Acquisition Corp.ARC Group Limited is serving as the financial advisor to Global Consumer Acquisition Corp.Duff & Phelps Securities, LLC is serving as the financial advisor to Luminex. Reviews from MVP Candle Factory employees about MVP Candle Factory culture, salaries, benefits, work-life balance, management, job security, and more. A list of the names of those directors and executive officers and a description of their interests in GACQ will be included in the proxy statement for the proposed business combination and be available, without charge, at www.sec.gov. -Carolina Candles Western Kentucky native Mary V. Propes, now 69, decades ago founded MVP Group International. Soap Making Supplies. -MVP Brands These statements are based on various assumptions and are subject to a number of risks and uncertainties, including, without limitation (1) the inability of the parties to successfully or timely consummate the Luminex stock purchase agreement and the GP Global stock purchase agreement, including the risk that any required regulatory approvals (including approval from antitrust regulators) are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect GACQ or the expected benefits of the Luminex stock acquisition and the GP Global stock acquisition (collectively, the Stock Acquisitions), if not obtained; (2) the failure to realize the anticipated benefits of the Stock Acquisitions; (3) matters discovered by the parties as they complete their respective due diligence investigation of the other parties; (4) the ability of GACQ prior to the Stock Acquisitions, and GACQ following the Stock Acquisitions, to maintain the listing of GACQs shares on Nasdaq; (5) costs related to the Stock Acquisitions; (6) the failure to satisfy the conditions to the consummation of each of the Stock Acquisitions, including the approval of the Luminex stock purchase agreement and the GP Global stock purchase agreement by the shareholders of GACQ and the receipt of a fairness opinion with respect to the GP Global stock acquisition; (7) the risk that the Stock Acquisitions may not be completed by the stated deadlines and the potential failure to obtain an extension of the stated deadlines; (8) the inability to complete a PIPE transaction; (9) the outcome of any legal proceedings that may be instituted against GACQ, Luminex or GP Global related to the Stock Acquisitions; (10) the attraction and retention of qualified directors, officers, employees and key personnel following the Stock Acquisitions, GACQs ability following the Stock Acquisitions to compete effectively in a highly competitive market, the ability to protect and enhance Luminexs and GP Globals corporate reputation and brands; (11) the impact from future regulatory, judicial, and legislative changes in Luminexs and GP Globals industry; (12) the future financial performance of GACQ following the Stock Acquisitions, including the uncertain effects of the COVID-19 pandemic; (13) the ability of GACQ to forecast and maintain an adequate rate of revenue growth and appropriately plan its expenses; (14) the risk that the Stock Acquisitions disrupt current plans and operations of Luminex and GP Global as a result of the announcement and consummation of the Stock Acquisitions; (15) the possibility that Luminex or GP Global may be adversely affected by other economic, business, regulatory, and/or competitive factors; (16) the evolution of the markets in which Luminex and GP Global compete, including ecommerce; (17) the ability of Luminex and GP Global to anticipate and respond to changing consumer preferences and merchandise trends; (18) the ability of Luminex and GP Global to implement their existing strategic initiatives and continue to innovate their existing products; (19) the ability of Luminex and GP Global to defend their intellectual property; (20) the risk that Luminex and GP Global may not be able to execute their growth strategies and the timing of expected business milestones; (21) the risk that Luminex and GP Global may not be able to recognize revenue for their products or secure additional contracts that generate revenue; (22) Luminexs and GP Globals performance, capabilities, strategy, and outlook; and (23) other risks and uncertainties indicated from time to time in the final prospectus of GACQ for its initial public offering and the proxy statement relating to the proposed business combination, including those under Risk Factors therein, and in GACQs other filings with the SEC. GP Global's primary assets are controlling stakes in MVP Group International, Inc. and Primacy Industries Ltd, two leading Air Care solution companies based out of the U.S. and India,. Sign up to get exclusive industry information delivered to your inbox. The Mayfield Consumer Products candle factory that was reduced to rubble after being hit by a fierce tornado Friday evening is now at the center of questions over whether the company did enough to prevent the deaths of eight people trapped inside the building. We believe that Ascense Brands will become a market leader in the US air care private label space with approximately 35% market share and strong growth potential.. More: A tornado killed 8 people at the Mayfield candle factory. A Charleston-based maker of scented candles and other home-fragrance products is looking to enhance its growth by acquiring a Minnesota company. googletag.cmd.push(function() { Their size is perfect for bigger rooms, or if you need these candles for festive occasions. . Neither MVP Group nor any of its products are affiliated with ATOSA USA, Inc. or its products. And were thankful for those who are generously offering to assist us. In connection with the proposed business combination, GACQ intends to file relevant materials with the Securities and Exchange Commission (the SEC), including a proxy statement on Schedule 14A, which includes a preliminary proxy statement and a definitive proxy statement. Candle and Soap Making Kits, The Easiest Way to Start! This website uses cookies to improve your experience while you navigate through the website. "It's heavy machinery it's the building that's flattened. One of the companies involved in the SPAC merger GP Globals MVP Group currently counts Colonial Candle among its customers. Catastrophic-type damage, deaths from tornado that hit Bowling Green, KY. President Biden declares federal emergency in tornado-ravaged Kentucky, One of the toughest nights in Kentucky history. 70 or more feared dead in tornadoes, See photos, videos of tornado damage, devastation throughout Kentucky, 70 unaccounted for after tornado crushes Kentucky candle factory. MVP Group International, Inc. is a company based on rich heritage, family roots and strong values. Multiple fatalities in Kentucky after tornado outbreak, Video of large Western Kentucky tornado near Sacramento, Slideshow: Remains of businesses, homes after tornado devastates Bowling Green & Mayfield, Tornado destroys planes and hangars at Danville-Boyle County Airport, Aerial video: Mayfield devastated by tornado, Lexington Fire Department sending collapse specialists to tornado ravaged Western KY. Our hearts are broken. McConnell, Paul back Beshears request for federal storm help. . 3 Global Paraffin Wax Candles Competition Landscape by Players 3.1 Global Top Players by Sales (2018-2023) 3.2 Global Top Players by Revenue (2018-2023) 3.3 Global Market Share by Company Type . In 2019, Mary V. Propes told a visiting then-Gov. Important Information About the Proposed Business Combination and Where to Find It. Join the 520.000+ traders worldwide that chose to trade with Capital.com, Also you can contact us: }); Our world is awash in DATA In fact, more data has been c[]. Inside the Kentucky candle factory during the tornado from 2 survivors. Mr. Pai will roll his existing equity holdings in GP Global into Ascense Brands. "Our company is family-owned and our employees, some who have worked with us for many years, are cherished," he continued. Here are their names, Mayfield candle factory tornado survivors sue company, allege 'flagrant indifference', Warren County Public Schools cancel classes Monday and Tuesday following Kentucky tornado, Occupational Safety and Health Administration's website, statement on the company's website Saturday evening, Your California Privacy Rights/Privacy Policy. Heres what we know about it. To attract the investment,Kentucky Economic Development Finance Authority preliminarily approved Mayfield for $1 million in tax incentivesthrough the Kentucky Business Investment program in April and May of 2018. Primacy Industries has recently received a $41 million investment from an affiliate of Bain in India. Specificallyof that post, the factory that collapsed at112 IndustrialDrive Friday evening was set to receive a $2.77 million investment to expand, according to a news release from the time. One of the companies involved in the SPAC merger - GP Global's MVP Group - currently counts Colonial Candle among its customers. One of our biggest problems is labor, and labor is everything, Propes told the governor. Mayfield Consumer Products is a Kentucky-based, family-owned designer and manufacturer of branded candles and home fragrance products. Aerial views of the Mayfield Consumer Products facility, often referred to as the "candle factory," show the damage to the area that trapped workers. Luminex, headquartered in the U.S. formed through the merger of Candle-lite, a portfolio company of Centre Lane Partners, and PartyLite, a portfolio company of Carlyle Investment Management has quickly grown into the #1 market leader in branded and private label solutions in Air Care in North America with top retailers as customers, with a heritage of 180+ years in manufacturing candles, as well as substantial direct to consumer presence in Europe through a combination of online and agency models. It was founded in 1840 by the English immigrant Thomas J Emery. 8. Here is a list of some of the brands we offer. Gifts & Decorative Accessories delivers the latest gift and toy industry news, new product introductions, important consumer trends, store operation solutions, trade show news, technology updates and much more. These cookies do not store any personal information. Bob Ferguson, a spokesman for the candle factory company said Monday all 110 workers in the factory had been accounted for, with eight confirmed deaths and 102 survivors. This press release shall not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the proposed business combination. GP Global owns a controlling interest in two private-label manufacturers North Carolina-based MVP Group International and Primacy Industries of India. Y his is only for temporary employee's. So my advice is if you can't be hired straight into MVP don't waist your time. Founder of Colonial Candle. Economic Pressures are Rising. Caring gets us through tragedy. What other losses can teach Kentucky as it mourns. Whether you're starting a hobby candle business or a full-scale production business, naming your candle company name is an important step in building your brand. See more MVP Candle Factory reviews. In this blog post, we've collected some catchy and unique candle company names you can use to get started. The transaction implies a pro forma company enterprise value of $507.1 million and implies a 6.95x FY23 EBITDA multiple and 0.79x FY23 Revenue multiple. ", More: Several tornado survivors working at Mayfield candle factory suing company, lawyer says. There were 110 peopleinside the candle factory at 112 IndustrialDrive in Mayfieldwhen the tornado hit. Inspired by the Traditions of Mabel Baker. Jones Day is serving as legal counsel for Luminex. The other company involved in the merger was created from the merger of Candle-lite and PartyLite in 2016, with the combined entity becoming Luminex Home Dcor and Fragrance. The factory owned by Mayfield Consumer Products, a family-owned business that produces branded candles and home fragrance products was among the hardest hit locations, as tornadoes and severe. Brands include Colonial. Lost and so confused. Survivors of tornado in Bowling Green face trauma amid recovery. MVP Group International Inc., is a complete home fragrance company that designs, manufactures and markets various private label and branded candles and home fragrance products. 2023 BridgeTower Media. By clicking Accept, you consent to the use of ALL the cookies. Back then, Cincinnati was known as Porkopolis because so many pigs were slaughtered there each year. In 1965, Baker died at the age of 94, but her legacy continued under the brand name Colonial Candle. Where did Kentucky tornadoes hit? MVP Group International, Inc. manufactures home fragrances. As a result of Mr. Pais affiliation with GP Global, the acquisition of GP Global is considered a related party transaction. The SPAC merger deal, which is expected to close in early 2022, has been unanimously approved by the boards of directors of GACQ, GP Global, and Luminex. at: Rebekah Micklon, 843.216.8380 To promote quality assurance practices are being utilized in all areas of production. Jay Inslee wont seek 4th term, Paraguays long-ruling Colorado Party has easy election win, We all went flying, Kentucky family says after tornado sucked them out of bathroom. The plant expansion will include new production equipment and product lines and an additional 100,000 plus square feet of distribution center space. var postSlot0, postSlot1, postSlot2, postSlot3, postSlot4, postSlot5, postSlot6, postSlot7; The description of the transactions contained herein is only a summary and is qualified in its entirety by reference to the business combination agreements relating to the transactions, copies of which will be filed by GACQ with the SEC as exhibits to a Current Report on Form 8-K. GP Globals primary assets are controlling stakes in MVP Group International, Inc. and Primacy Industries Ltd, two leading Air Care solution companies based out of the U.S. and India, respectively. Wholesale Candle and Soap Supplies With Low Prices. GACQs stockholders and other interested persons are advised to read, when available, the preliminary proxy statement and the amendments thereto and the definitive proxy statement and documents incorporated by reference therein filed in connection with the proposed business combination, as these materials will contain important information about GACQ, GP Global, Luminex, and the proposed business combination. Kits! What happened inside factory in tornados path? A recent listing for a full-time candle production position had a starting wage of $8 per hour and required 10- to 12-hour shifts. MVP GROUP INTERNATIONAL, INC. in Elkin, NC | Company Info & Reviews Company Information Sponsored Links Contact Information Phone Number: (843) 216-8380 Company Contacts JAMES MATTHEW DILLON General Counsel 430 Gentry Road Elkin, NC 28621 SAMUEL A MOORE Chief Financial Officer 430 Gentry Road Elkin, NC 28621 SEAN A PETERS Chief Executive Officer You could be eligible for an incentive with good attendance and work performance CDC advises those at high risk for COVID mask up in these 3 KY counties. Wholesale Colonial Candle Shop Spring Tapers Tall and elegant, our traditional taper candles will add beauty and sophistication to all homes. MVP Groups products can be found in every facet of the food service industry, hotels, restaurant, schools, government institutions, churches, pubs and golf courses. Charleston, South Carolina troy.propes@oldesouthcandlecompany.com troypropes@mvpgroupint.com Search Background Check MVP Group Corp Spanning over six decades, MVP Group continues to provide our industry with foodservice equipment which incorporates the most affordable solutions and quality ratios as the leader in Value Engineered projects in the Americas today. Natural cleaning products for your home. The combined entity has a forecasted 2022 revenue of approximately $553 million. But it's a very dire situation at this point.". Sandalwood and Black Cardamom Fragrance Oil, Moonlight Rose and Labdanum Fragrance Oil. Andy Beshear called it miraculous that more people weren't found dead amidthe smashed and splintered remains of the factory at 112 Industrial Drive -- wreckage he described as nothing he'd ever seen. Mvp Group International, Inc. * 6 Principals See who the company's key decision makers are 28 Contacts Reach the right people with access to detailed contact information. MVP Group Outlet Store is a store that sells candles and accessories. Two companies that specialise in manufacturing candles have entered into a business combination agreement with a publicly traded special purpose acquisition company. It's 227 miles southwestof Louisville and 134 miles northwest of Nashville. We also use third-party cookies that help us analyze and understand how you use this website. One worker who made it out alive amid the rescue wasKyana Parsons-Perez, a 40-year-old who filmed several videos on Facebook Live as she was trapped under five feet of debris. -Freshens The company opened the Mayfield candle factory as well as other consumer product manufacturers, with operations in different states and related business ventures in China and India. Here are their names, "We're gonna lose a lot of lives at that facility," Beshear said at the time. Mayfield Consumer Products LLC made candles, candle accessories and home fragrance products inside its factory at 112 Industrial Drive in Mayfield. Graves County Jail inmates working at theMayfield Consumer Products is relatively new. In the near future we are going to be launching a complete new line of candles, while still holding on to the tradition of Colonial Candle. Y his is only for temporary employee's. So my advice is if you can't be hired straight into MVP don't waist your time. 430 Gentry Rd, 866.445.9993 var postSlot1 = googletag.defineSlot("13051489/GiftsandDec", [1, 1], "div-gpt-ad-singpost-9997770808178-1").addService(googletag.pubads()).setTargeting("SCmodule",133948); KPPB Law is serving as legal counsel for GP Global. Place them with pillar candles of complementing colors to create a festive setting for any occasion. MVP, which is based in Charleston, S.C., is a private-label candle company. Risk warning: onducting operations with non-deliverable over-the-counter instruments are a risky activity and can bring not only profit but also losses. the companies estimated the enterprise value of the combined entity will be $507.1m (374m). One major company that carries candles made from Mayfield Consumer Products is Bath and Body Works, the company confirmed to The Courier Journal Sunday morning. GACQs efforts to identify a prospective target business are not limited to a particular industry or geographic region, although it has focused on operating businesses in the consumer products and services sectors. Past profits do not guarantee future profits. If you rely on the information on this page then you do so entirely on your own risk. Now, the factory owners face more problems, with investigations of the plant and a lawsuit filed by workers who say the managers failed to handle the storm response appropriately. Share your experience to help others. The only noise you could hear was the screams of the people that were trapped.' On July 25, 2018, the company announced it was forging ahead with an$8.3 million in investment adding a new facility and expanding an existing one a move that wouldcreate 52 full-time jobs. customerservice@mvpgroupint.com How strong? Choose taper candles of your favorite colors to match your decor. Other information regarding the interests of the participants in the proxy solicitation will be included in the proxy statement pertaining to the proposed business combination when it becomes available. 'We were trapped': Kentucky candle factory survivors recount escape from deadly tornado. branded candles,, OVERALL PURPOSE/FUNCTION: -Colonial Candle Company Jack Harlow name-drops Beshear. 2 Close Industry Peers See similar companies for insight and prospecting. Primacy Industries, founded in 2005, operates manufacturing plants in the Indian port cities of Mangalore and Gujarat. Under the terms of the business combination agreements, GACQ will acquire all of the issued and outstanding equity securities of each of GP Global and Luminex. MCP designs and manufactures various private label and Share your experience to help others. MVP Group International, Inc. The Mayfield candle factory in Kentucky was the focal point of destruction in a town annihilated by the massive twister, which cut a deadly swath through multiple states, killing, the governor. With international and domestic manufacturing facilities, and numerous worldwide resources, we are able to combine proven strategies for success that best suit your company's goals and appeal to your consumers. North Carolina Governor Bev Perdue announced that MVP plans to create 67 or more full-time jobs in the county, with an average annual wage of $28,033 plus benefits. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. . Reviews from MVP Candle Factory employees in Mayfield, KY about Job Security & Advancement Find jobs. If you have any questions or inquiries, or would like to speak directly with one of our customer service representatives, we invite you to contact us at. "We work 10- to 12-hour shifts Monday thru Thursday," the listing reads. They did not. . It's Mayfield Consumer Products on the town's west edge near Interstate 69. Real-time updates and all local stories you want right in the palm of your hand.

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