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Carolina Holdings, which now oversees all 98 stores through a newly created East division and a West and Midwest division.
The new operating company will be managed by former GeorgiaPacific executive William "Dick" Rose, now senior v.p.-logistics; senior v.p. and c.f.o. David Halloran, and v.p.-human resources David Schmoll. Joseph Appelmann is now v.p.-financial services.
Partnership Bids For Triad
Triad Systems Corp., Livermore, Ca., has agreed to be purchased by a partnership in a $300 million deal.
Private investment firm Hicks, Muse, Tate & Furst Inc., Dallas, Tx., and partner Cooperative Computing Inc., Austin, Tx., initiated a direct offer to Triad shareholders of about $181.2 million, reflecting a 68% premium over the stock's price at the time. Shareholders were also to receive shares in the newly spun-off entity, with assets consisting of Triad's Livermore headquarters and about $20.7 million in debt.
James R. Porter, Triad president and c.e.o., will serve as chairman of the board. Glenn E. Staats will be pres. and c.e.o. of the new company, and his brother, Preston W. Staats, Ph.D., will be c.o.o.
DOTs OK Plastic Culvert Pipe
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Both the North Carolina and South Carolina Departnents of Transportation have approved comrgated plastic culverts with smooth interior liners for expanded use under secondary roads in subdivision development infrastnrcture work.
Previously the culverts were approved only in driveway constnrction.
"New products take time to gain acceptance," says Houston Crumpler, Crumpler Plastic Pipe, Inc., Roseboro, N.C. "Both state DOTs have now developed enough satisfactory experience with CPP load-bearing plastic culverts to approve it for use under state roads. This expanded use will help suMivision lot developers keep their construction costs down since the lighter weight plastic can be installed in half the time of concrete or metal pipes."
Crumpler considers the pipes a prime niche product for dealers capable of delivering to builders, since lhe massive culverts require large delivery trucks and professional installation with backhoe equipment.
