South Shields bakery buyout

first_imgSouth Shields firm JW Rae Bakers has been rescued from liquidation by a division of Sunderland-based Monument Foods. Aspin Bakery, a division of Monument, has acquired the business, saving 16 jobs. Having passed retirement age, the directors at JW Rae had been looking for a buyer for over 12 months and had approached RMT Accountants and Business Advisors to put the company into liquidation. RMT issued the particulars of the firm to 10 interested parties, one of which was Monument Foods.Following the acquisition, Aspin Bakery will move into new premises in South Shields and plans to expand its product range to include cakes and pies, in addition to its existing portfolio of breads. Monument Foods director David Thompson said the business has increased its turnover from £1m to £2.5m in five years, since its inception in 2004.“As part of the natural progression of the business, we have been looking to expand our bakery division, Aspin Bakery,” said Thompson. “JW Rae Bakers has a very strong reputation in the region and we will endeavour to continue the hard work of its directors. This deal offers a real opportunity for Aspin Bakery to grow and expand, both now and in the future.”last_img read more

Eos Energy, Hecate sign deal for 1,000MWh of battery storage across Southwest U.S.

first_imgEos Energy, Hecate sign deal for 1,000MWh of battery storage across Southwest U.S. FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):Eos Energy Storage LLC will supply more than 1,000 MWh of zinc-based energy storage systems over the next two years for installations in Colorado, New Mexico and Texas, after it signed a preliminary agreement with developer Hecate Energy.The planned projects, including stand-alone battery systems and solar-plus-storage arrays, would expand Eos’ development pipeline to 3,000 MWh, pending anticipated purchase orders in the next six to nine months, according to a Nov. 4 announcement.Eos is working to complete a proposed merger with a special-purpose acquisition company backed by B. Riley Financial Inc. that would take it public on the Nasdaq and inject cash into the new company to facilitate its growth.For the last 18 months, Eos has been focused on scaling up operations and bringing its “low-cost, nontoxic, nonflammable” energy storage systems to the marketplace, CEO Joe Mastrangelo said in a statement, highlighting the inherent safety advantages of the company’s battery chemistry compared with lithium-ion batteries.With manufacturing outside of Pittsburgh, Pa., Eos has sought to reduce the cost and improve the power density of its aqueous zinc batteries while demonstrating their long-duration storage capabilities in the field. One recently funded project at Camp Pendleton, a U.S. Marine Corps base in San Diego County, Calif., is designed as a minimum 10-hour storage system, more than double the duration of most lithium-ion battery projects.Hecate, a private developer from Nashville, Tenn., did not disclose which projects may use Eos batteries. The company has more than 2,700 MW of planned solar and energy storage projects in the U.S., according to S&P Global Market Intelligence data.[Garrett Hering]More ($): Eos Energy Storage strikes deal to deploy zinc-based batteries across Southwestlast_img read more

Wack leads defensive charge for experienced Badgers

first_imgNot all was lost when the University of Wisconsin volleyball squad ended its NCAA tournament run with a three-game loss to Washington in the Elite Eight.The Huskies, who went on to win the national title, gave the Badgers the chance to experience a different kind of defense than what they had previously employed, and the 2006 defensive players have been working hard during spring sessions to mimic that style in preparation for the next Big Ten season.”We changed our defense, doing more of what Washington does, it’s just being more ‘still on contact’ instead of moving before [the play],” libero Jocelyn Wack said. “You could just tell that Washington was a very composed, very mature team, and that’s always something you look up to.”What won’t change, luckily for Wisconsin, is the personnel running the backcourt under UW head coach Pete Waite. Wack, who surpassed the NCAA record for consecutive double-figure dig matches with her 64th straight such effort against Washington, rejoins fellow juniors Megan Mills and Amanda Berkley in the backcourt.Besides picking up a few tips from the champs, Wisconsin plans to utilize its backrow defense for its first full season, which accounts for one strong hitter — mostly sophomore Audra Jeffers, the Badgers’ Offensive Player of the Year in 2005 — to lurk in the backcourt, allowing for another attacking option coming out of a defensive transition.Jeffers has been pleased with the new system thus far, which was experimented with during UW’s recent home tournament, the Wisconsin Spring Classic, last Saturday.”If the pass is a little bit off, then the setter can give it to the back row, and we’ll still have a hitter back there,” Jeffers said. “It’s even good in transition in a play, just to throw it in the back because the[ir] blockers aren’t expecting it. So it’s been pretty effective.”Mills, who teams with Berkley off the bench during games to beef up the defense and give offensive players a rest, said that UW’s improvement over the course of two years has enabled the team to utilize the style more often.”When our freshman class came in, since we were so new, passing was a very important part that we needed to make sure that we got before we worried about anything else,” Mills said. “Now that we’re starting to get better passing, it’s easier to have that fourth option and get that dimension added in.”Speaking of a fourth option, the Badger backcourt could be seeing more of sophomore Faye McCormack. When asked about the return of the three junior defenders for UW, players and coach alike were quick and sure to mention McCormack as a strong candidate to leave a mark on the 2006 season.”She’s been playing really well in the spring,” Wack said. “She brings a lot of fire, a lot of energy that really helps us when it comes to clutch time. She’s doing a great job.””She had to learn some things coming into the fall as a freshman, just about the speed of the game,” Waite added. “She’s so quick at times, she needs to slow down a little bit and just be a little more calm on defense. I think she’s doing that much more this spring.”We’ve got four good defenders, and if we need them in there, we can go with anybody.”As team libero, Wack is the focal point of the defense, which has allowed her to create such a string of success in the digs department. But anyone who knows Wack is aware of her tendency to avoid the subject of the national record.To say the least, now that Wack is officially number one on the all-time list, it’s safe to assume that the pressure will be lessened this fall, and she can officially proceed with her goals of helping the team first and foremost above any individual accomplishment.”I think she never goes into a game thinking about that record,” Waite said. “Sometimes, the team and the staff wants to make sure she keeps going with it and so they want to help her as much as possible, but I know she doesn’t put any stock into getting the highest [record] ever, she just wants to contribute to the team.”Records aside, the Badgers know that in order to break the barrier that has stood between them and the Final Four during the past two years, they’ll have to not only uphold their reputation as a blocking juggernaut, but step up their backcourt defense to match up with the likes of Washington and other national powerhouses.Jeffers put it into perspective as good as any member of the UW squad possibly could.”Defense is going to be the key to our success as a team, so everyone’s just going to have to play really solid.”last_img read more