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NW Tech Capital Inc. (NWTT.PK) is preparing for the future. And to do so, it is implementing an aggressive merger strategy wherein it seeks viable businesses from Europe, North America and Asia to merge with NW Tech to increase the company’s stock value. The first of these mergers will be with Bermal Contracting Ltd., a British Columbia based excavation company that excavates high-quality ledge stone for use in outdoor hardscaping.

NW Tech Capital Inc. has located a second possible US-based merger candidate, and has initiated talks with a view toward entering into a merger. The company of interest has been established in the marketplace for over a decade and produces an innovative synthetic agriculture product that has been carried by several major retailers. This company produces a synthetic straw, textraw, that greatly aids farmers by having a much higher burn temperature than natural straw, which as a result greatly reduces product loss from fire. This product lasts longer than natural straw, does not attract weeds, does not mould and, thanks to its high density, does not blow away in the wind to the same degree as natural straw does. Textraw is synthetic pine straw made from recycled polypropylene, which does not absorb water or chemicals. It recycles easily, from bottle scrap, carpet backing, fiber and yarn. It was developed in the pine-laden area of the Southeast, good fresh pine straw is in short supply; even when pine straw is available, the color, quality, price, etc. are inconsistent. And as pretty as pine straw is, its only nutritional value is a slight increase in soil Ph. Since it decomposes and is absorbent, it’s an attractive environment for pests, requires additional water and chemicals, and imports weed seeds into the garden.

With the latest news that the Federal Republic of Germany and the State of Baden-Wuerttemberg have been funding and have now developed a method of making fuel for automobiles from, of all things STRAW, the target company could add some real value to NWTT shares.

 

Armstrong World Industries, Inc. (NYSE: AWI) reported that its board of directors has named Matthew J. “Matt” Espe to serve as Armstrong’s chief executive officer and president. His appointment will become effective in late July 2010.

Mr. Espe, 51, brings 30 years of experience in sales, marketing, distribution and management of global manufacturing businesses to Armstrong. He joins Armstrong from Ricoh Americas Corporation, a subsidiary of Ricoh Company, Ltd., and leading provider of document management solutions and services, where he serves as chairman and chief executive officer.

“Matt brings a proven track record of placing a strong focus on customer service and profitable growth and is ideally suited to lead Armstrong into its next phase of growth,” said James J. O’Connor, Armstrong’s chairman. “Matt is an experienced executive who knows how to run large organizations efficiently and effectively. Throughout his career he has built businesses using systems and efficiency improvements, such as Six Sigma, to grow revenue and improve profitability. We are especially pleased to have Matt join Armstrong on our 150-year anniversary, a notable occasion in our company’s storied history.”

Mr. Espe said, “Armstrong is one of the most well-known and trusted brands in the industry. I’m privileged to be joining such a talented team whose dedication has produced an industry leader known for quality products and superior customer service. I’m looking forward to what we can do together to build on that success.”

Mr. Espe succeeds Michael D. Lockhart who stepped down in February 2010. Mr. O’Connor, who was named chairman of the board of directors of Armstrong in February 2010, will continue in that role. The board of directors plans to nominate Mr. Espe to serve on Armstrong’s board after his appointment as CEO becomes effective. Mr. Espe is an active volunteer and member of the board of United Way of Southeastern Pennsylvania. He graduated from the University of Idaho and has an MBA from Whittier College.

Mr. O’Connor continued, “The board thanks all of the employees of Armstrong who have remained focused on the important task of serving our customers throughout this time of management transition. We are very proud of your contributions to Armstrong. Speaking on behalf of the board, we believe that the company has an exciting future ahead.”

RPM International Inc. (NYSE: RPM) reported that its Performance Coatings Group has acquired Hummervoll Industribelegg AS, a supplier and installer of industrial flooring systems based in Bergen, Norway, with annual sales of more than $11 million. Terms of the transaction, which is expected to be accretive to earnings within one year, were not disclosed.

Hummervoll, founded in 1980 by Per Hummervoll, serves both onshore and offshore markets with its concrete- and epoxy-based flooring systems. Its onshore division primarily focuses on the food, manufacturing and chemical industries. The offshore division provides flooring solutions for oil platforms, barricade decks and emergency escape routes.

“The addition of Hummervoll to the RPM Performance Coatings Group presents both top- and bottom-line growth opportunities for RPM. In particular, it broadens our presence in Scandinavia by expanding our overall product line, sales force, installation teams and customer base,” stated Frank C. Sullivan, RPM chairman and chief executive officer. “We welcome Per Hummervoll and his management team to the family of RPM companies and look forward to supporting their continuing growth.”

RPM also reported that action is being taken to permanently resolve current and future asbestos claims associated with Bondex International, Inc. (Bondex). In order to initiate this process, two non-operating subsidiaries, Bondex and Specialty Products Holding Corp. (SPHC), have filed Chapter 11 reorganization proceedings in Delaware. RPM and all of its operating subsidiaries are not part of the Chapter 11 filing and will not be affected by it.

RPM International Inc., a holding company, owns subsidiaries that are world leaders in specialty coatings, sealants, building materials and related services serving both industrial and consumer markets. RPM’s industrial products include roofing systems, sealants, corrosion control coatings, flooring coatings and specialty chemicals. Industrial brands include Stonhard, Tremco, illbruck, Carboline, Flowcrete, Universal Sealants and Euco. RPM’s consumer products are used by professionals and do-it-yourselfers for home maintenance and improvement, boat repair and maintenance, and by hobbyists. Consumer brands include Zinsser, Rust-Oleum, DAP, Varathane and Testors.

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