BEIJING, Jan. 26, 2017  -- Fuwei Films (Holdings) Co., Ltd. (Nasdaq: FFHL) ("Fuwei Films" or the "Company"), a manufacturer and distributor of high-quality BOPET plastic films in China, today announced that the Company has signed an annual sales contract for 2017 with Eternal Electronic Material (Guangzhou) Co., Ltd. ("Eternal Electronic"), one of the Company's top five customers during the year ended December 31, 2015 that purchases polyester film for PCB from Fuwei Films. Polyester film for PCB is a base film for dry film. Eternal Electronic is a well-known manufacturer of dry films globally, which is mainly used in Printed Circuit Boards ("PCB"). Based on the new contract, Fuwei expects that the total polyester film for PCB sales in the first quarter of 2017 will approximately increase by 34.5% compared to the same period of 2016. Fuwei Films continues to improve its product quality and has been supplying Eternal Electronic with advantageous prices and sound services for the past few years.

FORT LAUDERDALE, Fla., Nov. 14, 2016 -- Ocean Bio-Chem, Inc. (OBCI) announced today its third quarter 2016 financial results.

 

For the three months ended September 30, 2016, net income was approximately $1.5 million, compared to approximately $296,000 for the third quarter of 2015, an increase of $1.2 million.  Earnings per share for the third quarter of 2016 were $0.17, compared to $0.03 for the same period in 2015.  The third quarter of 2016 net income and earnings per share amounts constitute quarterly records for the Company.

FOREST CITY, IA--(October 03, 2016) - Winnebago Industries, Inc.(WGO) today announced that it has entered into a definitive agreement to acquire Grand Design Recreational Vehicle Company ("Grand Design"), a manufacturer of towable recreation vehicles (RVs), for approximately $500 million in cash and newly issued Winnebago shares.

 

Founded in 2012 by Don Clark, Ron Fenech and Bill Fenech, a management team with over 80 years of combined leadership experience in the RV industry, Grand Design is a fast-growing manufacturer in the towables segment with rapidly expanding market share. The Company generated $428 million in revenue over the last twelve months ending August of 2016, representing a compound annual growth rate of over 80% since 2013, and a top tier EBITDA margin of 14%.(1) Grand Design is a portfolio company of global growth equity investor Summit Partners.

LOS ANGELES, Sept. 29, 2016 -- Nova LifeStyle, Inc. (NVFY) (“Nova LifeStyle” or the “Company”), a U.S.-based, leading innovative designer, manufacturer and distributor of modern life style furniture, today announced it has signed a Share Transfer Agreement (“Agreement”) with Kuka Design Limited, a company incorporated in BVI (“Kuka BVI”) to sell NOVA BVI and its subsidiaries, which consists of the Company’s manufacturing operations in mainland China (the “Transaction”).  With the slow-down of the Chinese economy and a significant increase in labor and other costs for manufacturing facilities in China, the Company decided to sell NOVA BVI, allowing the Company to transition to a “light-asset” business model with greater flexibility and scalability while also focusing its operations on designing, developing, branding, marketing and distributing furniture products in North America, Asia and around the world.