GreenHouse Holdings, Inc. (OTCQB:GRHU), a San Diego, California based integrated energy solutions provider and developer of eco-friendly infrastructure, announced the signing of a Letter of Intent to acquire Control Engineering, Inc (NYSEMKT:CEI). Headquartered in Costa Mesa, California and serving clients globally, CEI provides turnkey automation and control solutions including engineering, installation and integration services. Experts in multiple technologies and applications, CEI's client base includes recognizable brands from a wide range of industries including pharmaceutical, food, beverage, utility, military and consumer goods.
The acquisition, when consummated, is expected to significantly increase gross margins in GreenHouse's Energy Services Division via vertical integration of CEI's business. The acquisition is also expected to provide cross-selling opportunities of GreenHouse products and services to CEI's existing clients.
"We are excited to have executed the Letter of Intent with CEI and believe this combination will be beneficial to the shareholders of both companies," said John Galt, Executive Chairman of GreenHouse. "CEI has a stellar reputation of service to Fortune 500 clients over its 16-year history, and the acquisition should represent a significant step in executing our strategy to expand our energy efficiency and load reduction programs to commercial, industrial and governmental clients," continued Galt.
KB Home (NYSE:KBH), one of America’s premier homebuilders, announced the consolidation of its two accounting and administrative services centers into one centralized office.
KB Home, one of the nation’s premier homebuilders, has delivered over half a million quality homes for families since its founding in 1957.
Discovery Communications, Inc (NASDAQ:DISCA) and Gaiam, Inc. (NASDAQ:GAIA), a leading producer of lifestyle media, announced recently the release of three new DVD titles, Deadliest Catch Season 6, Whale Wars Season 3 and Colossal Squid, under its exclusive home video license agreement with Discovery Communications.
Gaiam, Inc. is a leading producer and marketer of lifestyle media and fitness accessories, with a 70,000 door retail distribution network, over 11,000 store within stores, a digital distribution platform and more than 8 million direct customers.
Discovery Communications, Inc., through its subsidiaries, operates as a media and entertainment company worldwide.
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