googletag.enableServices(); In 2019, Mary V. Propes told a visiting then-Gov. GACQ, GP Global, and Luminex caution readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. 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. GP Global has a strong portfolio of in-house brands coupled with existing partnerships with major retailers across Europe and the U.S. GP Global will bring key platform capabilities such as centres of excellence for digital & analytics, product development expertise, global sourcing & global manufacturing base to the combined entity. Worldwide distribution for the combined companys products is expected include more than 40 retailers comprised of 50,000 locations, including major chains such as Walmart, TJ Maxx, Kroger, Dollar General and Rite Aid. 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. Select a topic to see what people are saying about different issues Professional development Explore skills and training, pay raises and promotions and management and culture. 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. The company opened the Mayfield candle factory as well as other consumer product manufacturers,. MVP Group International, Inc. is a company based on rich heritage, family roots and strong values. 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. How did they rate and more answers. Cape Cod schoolteacher started candle company, Read more:EV charging stations have miles to go in US. Press Room: The latest company press releases. Nate Chute, Matt Stone and Alton Strupp, Louisville Courier Journal, Mayfield candle factory seen in drone footage after tornado. Share your experience to help others. Jack Harlow name-drops Beshear. GP Global has candle, air freshener, fashion and accessory brands through its Elkin, N.C.-based MVP Group International unit and another subsidiary in India. MVP Candle Factory Employee Reviews in Mayfield, KY - Indeed If you rely on the information on this page then you do so entirely on your own risk. MVP Group International Inc - Company Profile and News And, were thankful for those who are generously offering to assist us. Their size is perfect for bigger rooms, or if you need these candles for festive occasions. Matt Bevin that the candle factory could not find enough workers to satisfy market demand for its products, according to a story at that time in The Mayfield Messenger. 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. Fragrance Oils, Wicks, Wax, Containers, and More, Fragrance Oils, Molds, Colors, Equipment, and More. Rose+Mary Market. But Propes, the company CEO,did post a statement on the company's website Saturday evening. All rights reserved. It is one of the world's largest manufacturer of private label scented candles, premium and mid-tier brands such as Colonial. Bringing back bestselling fragrances to pay tribute to Colonial's heritage with our most loved scents through history. Mayfield Consumer Products is a Kentucky-based, family-owned designer and manufacturer of branded candles and home fragrance products. ", Propes finished: "Were grateful to the first responders who heroically assisted our employees following the storm. Past performance is no guarantee of future results. 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. MVP recently acquired major gift and home decor manufacturer Midwest-CBK, which includes the Colonial Candle brand.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. Steve Beshear announced the decision by MVP Group International Inc., which expects to invest more than $5.2 million in the project in Fulton. Reviews from MVP Candle Factory employees about MVP Candle Factory culture, salaries, benefits, work-life balance, management, job security, and more. 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. 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,. GACQ, GP Global, and Luminex do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions, or circumstances on which any such statement is based. Candidates interested in applying, please send resumes to our HR Dept. at: Rebekah Micklon, 843.216.8380 We want to see you succeed - Contact us for any questions or concerns! The Paducah Sun reported in July the two groups were finalizing an agreement for 10 state inmates to work at the candle factory and be paid for it, though the jail would not disclose to the newspaper how much the inmates would be paid. "It's huge metal drums, even ones with corrosive chemicals that were inside. 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. The Courier Journal was confirming the factory-made candles for other businesses as well. Necessary cookies are absolutely essential for the website to function properly. GACQs, GP Globals, and Luminexs actual results may differ from their expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Careers - Mayfield Consumer Products In 2019, the U.S. Occupational Safety and Health Administration inspected the candle factory and issued a report identifying 12 violations, seven of them labeled as serious, carrying a total of $16,350 in fines. Reviews from MVP Candle Factory employees in Mayfield, KY about Job Security & Advancement Find jobs. MVP to Expand Colonial Candle Plant - Gifts & Decorative Accessories See more MVP Candle Factory reviews. Please visit www.mvpbrands.com Privacy Policy and Are Landlords Passing the Buck to Retailers? The difference between trading assets and CFDs. Nine people were confirmed to have died at the Mayfield Consumer Products candle factory, according to the Graves County Coroner. With international and domestic manufacturing facilities and numerous worldwide resources, we are able to combine proven strategies for success that best suit your companys goals and meet your customers expectations. The two companies will become wholly owned subsidiaries of GACQ, which plans to change its name to Ascense Brands and trade on Nasdaq under the ticker SCNT. Aerial views of the Mayfield Consumer Products facility, often referred to as the "candle factory," show the damage to the area that trapped workers. It is with great privilege that we nurture and maintain these strong relationships while making our clients successful. 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. call +44 2030978888 support@capital.com, CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. MVP Group International, Inc. is a global leader in Home Fragrance with consolidated global revenue at $228 MM. Website . "Were heartbroken about this, and our immediate efforts are to assist those affected by this terrible disaster. The Propes family announced in 2018 that it had divested its interest in MVP Group International while retaining family ownership of Mayfield Consumer Products. You would never believe that you would have thought that this would have been one of the more safest places to be. 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. MVP Candle Factory Employee Reviews in Union City, TN - Indeed 10 Stationery Brands Take Top Prize at 2023 *Noted: The Greeting Card Expo, Your California Privacy Rights/Privacy Policy. 2023 BridgeTower Media. 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. MVP focuses on producing quality candles for popular brand name companies, while striving to create an. . Our Promise - The Yankee Candle Fragrance Experience: It's all about your enjoyment of our fragrances. Our clients can also expect extra value by providing them with several warehouses and inventory centres around North America which translates to excellent and quick accessibility to parts and service. In 1857, Emery accidentally fell through a hatchway at his factory and died, and his son, Thomas J Emery Jr, took over the company. "All you could hear was screams from people," Logue told a Courier Journal reporter at the site in Mayfield Saturday afternoon as she came back to see if she can salvage anything, as she said she lost her debit cards, Social Security card and IDs in her car. We design and manufacture various private label and branded candles, candle accessories, home fragrance products, and decorative accessory gift products for major retail customers throughout the world. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 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. Where did Kentucky tornadoes hit? "Our Mayfield, Kentucky facility was destroyed December 10, 2021, by a tornado, and tragically employees were killed and injured," he wrote. Additional national and international brands that will be within its portfolio at closing include Manly Indulgence, CL Co and PartyLite. According to Parsons-Perez, inmates from the Graves County Jail were working at the Mayfield Consumer Products candle factory when the building collapsed. We design and manufacture various private label and branded candles, candle accessories, home fragrance products, and decorative accessory gift products for major retail customers throughout the world. The company opened the Mayfield candle factory as well as other consumer product manufacturers,. Words such as expect, estimate, project, budget, forecast, anticipate, intend, plan, may, will, could, should, believes, predicts, potential, continue, and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements. ", More: Several tornado survivors working at Mayfield candle factory suing company, lawyer says. 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. 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.
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