Esmark Founder Bouchard Said to Agree to Buy HD Supply Unit

Bloomberg News

By Sonja Elmquist & Zachary R. Mider

Craig Bouchard, co-founder of steelmaker Esmark Inc., is close to announcing a deal to buy HD Supply Inc.’s pipe and valve distribution unit for about $500 million, said people with knowledge of the matter. Bouchard plans to combine the business with his steel distributor, Shale-Inland, said the people, who spoke on condition of anonymity as the transaction hasn’t been disclosed. TowerBrook Capital Partners LP, a New York-based private equity firm, is investing in the combined company and will have a majority stake, the people said.

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Shale-Inland, 3M Launch Laser Tape Line


NEW YORK – Shale-Inland LLC and 3M Co. have launched a family of protective laser tapes for the metal fabrication market.

Unlike traditional tapes, “the unique combination of film and adhesive in (the product) helps prevent ballooning, edge shredding and other problems associated with laser cutting,” the companies said Monday.

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3M Pursues Paint-less Cars with New Partnership


By John D. Stoll

3M Co (MMM.N) has signed a five-year commercial pact with a relatively new stainless steel and aluminum distributor to create a stable of so-called disruptive products, including technology that could eliminate the need for paint on automobiles.

The partnership, being announced on Monday with Chicago-based Shale-Inland, is the latest in a consistent string of acquisitions and joint-ventures that 3M has assembled in pursuit of reaching $50 billion in revenue. The Minneapolis diversified conglomerate wants to grow twice as fast as its fastest-growing competitors.

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60 Seconds, Craig Bouchard

The Hinsdalean

By Pamela Lannom

One of seven children • Has twin granddaughters • Attended Illinois State on a baseball scholarship • Is working to bring Cubs spring training to Naples • Helped found a mathematics software company • Spent 19 years in banking

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Report: Florida Group Backing Off Cubs Bid

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A Florida newspaper is reporting that the investors behind a bid to lure the Chicago Cubs away from their spring training home in Mesa have decided to step back.

The group reportedly wants to see how events unfold in Arizona.

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Cubs to Continue Talks with Mesa

By Carrie Muskat

CHICAGO — The Cubs’ Spring Training facility will apparently stay in Mesa, Ariz.

Team officials have notified the Naples, Fla., group trying to lure the Cubs to the Sunshine State that they will continue exclusive negotiations with Mesa beyond Monday’s deadline. The Cubs and Mesa had established a July 12 deadline in a Memorandum of Understanding (MOU) to have financing in place for the new facility.

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Guest commentary: Cubs present irresistible opportunity for Collier County

As a member of the city of Naples Blue Ribbon Finance Planning Committee this past spring, I became very aware of the significant financial situation the city of Naples — and Collier County — is facing. The property values, sales tax revenue and tourist contribution to the economy are all declining. This will result in a decrease of government services, an increase in taxes or both. It’s my hope that community leaders, business leaders and political leaders work together to reverse these trends. The problem is that our choices are limited.

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POLL Mr. Cub Ernie Banks: He’s game for a Move to Florida, Yes Naples

By Brent Batten

CHICAGO – When you’re trying to persuade the Chicago Cubs of something, it never hurts to have Mr. Cub on your side.

Craig Bouchard, point man in the effort to wrest Cubs spring training from Mesa, Ariz., in favor of Naples, appears to have convinced beloved former Cub Ernie Banks that a move to Florida would be a good idea.

“He’s a futurist, that’s what I see,” Banks said late Friday during a meeting with Bouchard.

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David Moulton: Show your Support for the Cubs — Now


It’s easy for a huge story to get lost in the shuffle of Tiger Woods and the holidays. For the past two months there have been various reports concerning the Chicago Cubs’ potential spring training move to Collier County.

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Cubs Consider Investing in Naples, Fla. Training Facility

The Chicago Cubs are considering making a financial investment in a proposed spring training facility near Naples, Fla., according to people familiar with the team.

Craig Bouchard, who is leading an effort to lure the Cubs to Florida, said the team is a possible investor in the proposed development. A Cubs official confirmed that the team is exploring a number of options, including a financial interest in a Florida spring training complex.

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