USDA features Purell product as BioPreferred
AKRON, Ohio — The USDA has chosen Purell green certified instant hand sanitizer foam as a featured product for the formal launch of its new BioPreferred label program.
USDA Deputy secretary Kathleen Merrigan made the announcement Thursday at a biobased product meeting in Glenwillow, Ohio.
The USDA BioPreferred program promotes the purchase of biobased products that help reduce petroleum consumption and adverse environmental and health impacts. It awards labels to qualified products to increase consumer recognition and use, and designates preferred products for federal agencies making purchasing decisions. The new USDA product label indicates products have been independently certified to meet USDA BioPreferred program standards for biobased content.
Purell green certified instant hand sanitizer foam is produced by Gojo Industries and is made with 100% naturally renewable plant-derived ethanol in a readily biodegradable formula. Gojo is 1-of-the-11 companies approved to use the USDA’s new product label on certified biobased products.
"We are extremely pleased to be among the first products to attain the USDA’s BioPreferred label," stated Nicole Koharik, Gojo global sustainability senior marketing manager. "The distinction furthers our company’s sustainability efforts to promote hand hygiene for the well-being of people and the environment."
Sears recognizes unsung heroes
HOFFMAN ESTATES, Ill. — Sears announced that it has launched the Sears Blue Tool Crew "Do It Together" program to honor unsung heroes who use their tools and talents for the greater good of the community. According to SearsDIT is the national expansion of the "Unsung Heroes: Dads Making a Difference" Father’s Day initiative that recognized dads across the country in 2010.
"The Sears Blue Tool Crew Do It Together movement is about commitment, community and creating positive change in these challenging times," said Bill Kiss, chief marketing officer of tools and hardware for Sears Holdings. "When we learned that the members of Phi Kappa Tau at the University of Kentucky were dedicated to community service – even when UK is in the biggest college basketball tournament of the year – it was a logical choice to reward them and an ideal way to launch the Do It Together program."
As part of the ongoing DIT program, the Sears Blue Tool Crew DIT Team is pledging 365,000 hours of "Do It Togetherness" in the form of volunteering or community service.
Nutrition for sale
PITTSBURGH — General Nutrition Centers Thursday evening announced its initial public offering of 22.5 million shares of its Class A common stock at an opening price of $16 per share.
Of the shares offered, 16 million are being issued and sold by GNC and 6.5 million shares are being sold by selling stockholders.
In addition, selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 3.4 million shares. That offering is expected to close on April 6.
GNC announced it will use net proceeds of approximately $240 million, together with cash on hand, to redeem approximately $223 million aggregate liquidation preference of the company’s Series A preferred stock; pay down approximately $300 million of outstanding indebtedness under GNC’s senior credit facility and pay approximately $11 million in satisfaction of the company’s obligations under its management services agreement and Class B common stock.
Goldman, Sachs and J.P. Morgan Securities, along with Deutsche Bank Securities and Morgan Stanley, are acting as joint bookrunners for the offering. Barclays Capital, Credit Suisse Securities, William Blair and BMO Capital Markets are acting as co-managers.