Springfield Business Journal_2019-02-25

BPJ.com / 417.887.3550 “We look at BPJ as our partner in business. They understand our needs, always look for competitive rates for our commercial insurance and make the renewal process easy.” Darla Bookout, Accounting | Human Resources Manager, Springfield Sign SPRINGFIELD BUSINESS JOURNAL · 57 FEB. 25-MARCH 3, 2019 NEWS ON THE RECORD suppliers long term.” Fitting in Parisot said the goal after closing is to discuss the direction of the newly formed company with the management team of ADF/IDF. “It’s more to see people and to have some very informal contact and to prepare post-closing and see how we can put in place some working groups for integration structure for not being totally surprised the day we get approved for closing,” he said of his visit. “It’s not a takeover. It’s more merger style.” Parisot confirmed ADF would work with already established Symrise and Di- ana plants in the United States. The global company opened a plant in Banks County, Georgia, in November 2018, and the nu- trition division has additional plants in South Carolina, Oklahoma, Oregon and New Jersey. Parisot said products from the Georgia facility would complement products from ADF’s two chicken plants. The purchase of Diana five years ago may provide some insight on the future of ADF. “I think Diana’s acquisition is a very good inspiration for the exercise for what we now have to do,” he said. “The idea was really to keep people and to leverage all the capabilities inside the company.” Parisot said people built the success of ADF/IDF, and expects the same people would do likewise for the new company. “Right now, it’s business as usual,” Herr said in an emailed statement. “We have started to identify leaders of work teams that will collabo- rate once closing is finalized to iden- tify best practices and potential syn- ergies.” Parisot said ADF officials sought out a buyer. “We were aware four months ago and we were contacted by ADF/IDF,” he said. Historic sale The ADF sale, once closed, would be one of the biggest deals for a Springfield- based company. First National Corp. (Nasdaq: SFNC) purchased Liberty Bancshares Inc. for $206.9 million in May 2014. In 2008, Springfield based-McQueary Brothers Drug Co. sold for $190 million to McKesson Corp. (NYSE: MCK) and Banta Foods sold to La Crosse, Wiscon- sin-based Reinhart FoodService LLC for undisclosed terms, with Banta reporting revenue of $197.6 million at the time of the sale. Also in 2008, to the west of Spring- field, Carthage-based Leggett & Platt Inc. (NYSE: LEG) sold its aluminum products division for more than $325 million to Kenner & Co., according to past Spring- field Business Journal reporting. In Joplin, Empire District Electric Co. sold to Algonquin Power & Utili- ties Corp. (NYSE: AQN) for $2.4 bil- lion in January 2017, according to past SBJ reporting. Another former Joplin company, Contract Freight- ers Inc., sold to Con-way Inc. in July 2007 for $750 million. The Darr Family Foundation, which was established in 2002, will continue to operate post closing, said company spokeswomen Chantel Gebhard. Parisot said the expected synergies cre- ated between ADF, Diana and Symrise’s flavor division would be important. “We share the same DNA,” he said. Diana and ADF have previously worked together, Parisot said. He said the companies were partners from 1985-2001, on a joint venture with ADF and Darr for chicken products. Hell- weg said via email that IDF and Diana were former partners. “We kept some contacts,” Parisot said. “The memory of people is very positive from both sides.” It’s not a takeover. It’s more merger style.” —Jean-Yves Parisot Symrise Nutrition Division President ADF: Darr Foundation will continue to operate Continued from page 3 Noncritical violations found: 0. Tinga Tacos; 308 W. McDaniel St. Critical violations found: 0. Non- critical violations found: 1. Willard Intermediate School; 407 N. Farmer Road, Willard. Critical vio- lations found: 0. Noncritical violations found: 0. Willard North Elementary; 407 N. Farmer Road, Willard. Critical viola- tions found: 0. Noncritical violations found: 0. Bankruptcies The following petitions were filed and relief was granted in the United States Bankruptcy Court in Kansas City for the Western District of Missouri, as a matter of public record. The bankruptcies were received at the federal clerk’s office in Springfield. The bankruptcies appear in order of case, chapter, petitioner and address. Addresses are in the city of Springfield unless otherwise noted. Feb. 8-14, 2019 B19-60137/Chap. 7. Joseph William Wilson Jr.; 816 Johnson Ave., Ste. 5, Ava 65608. B19-60138/Chap. 7. Scott Alan and Kristin Rose Singleton; 931 N. Homewood Ave., Apt. B 65803. B19-60139/Chap. 13. Scott Cecil and Danielle Sue Norris; 418 S. Yel- lowwood 65809. B19-60140/Chap. 13. Brandon L. and Dee A. Beerly; P.O. Box 83, Lockwood 65682. B19-60141/Chap. 7. Clare Nathan and Candice Stephany Sherman; 1103 E. Washington Ave., No. 151, Ava 65608. B19-60142/Chap. 7. Christopher Allbright and Lisa Phyrne Mojonnier; 1678 S. Farm Road 133 65807. B19-60143/Chap. 7. Donna Jean Smith; 1600 E. Windmill Way, Apt. F207, Republic 65738. B19-60144/Chap. 13. Sheila Kay Burney; 3020 S. Sagamont Ave. 65807. B19-60145/Chap. 7. Annette Michelle Smith; 3323 State Highway W, Marshfield 65706. B19-60146/Chap. 7. Lauretta G. Allee; 23083 Park Drive, Lebanon 65536. B19-60147/Chap. 7. Margaret Marie Wicks; 806 W. Downing St. 65807. B19-60148/Chap. 7. Brandon Wallace and Melodie Rea Baker; 928 Country Road 348, Koshkonong 65692. B19-60149/Chap. 7. Leo Wayne McGruder Jr.; 3612 S. Farm Road 135, Unit B 65807. B19-60150/Chap. 7. Curtis James and Terri Lyn Kline; 355 Painted Bluff Lane, Rockbridge 65741. B19-60151/Chap. 13. Loran Bruce and Donna Marie Pellham; Rural Route 3, Box 139, Ava 65608. B19-60152/Chap. 13. David Clark Chalker; 3122 E. Shalimar Drive 65804.