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The islamification of former American businesses and companies we should boycott

Discussion in 'Political Debate & Discussion' started by freedom's cause, Feb 16, 2006.

  1. freedom's cause

    freedom's cause New Member

    Aug 29, 2005
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    Atlanta Journal

    American Pad & Paper LLC Exits Chapter 11
    Crescent Capital Investments Affiliate Acquires Inventor of Legal Pad

    Atlanta, Georgia and Plano, Texas (August 26, 2003) — Crescent Capital Investments, Inc. (“Crescent Capital”) today announced that an affiliate company (Ampad Holdings Corporation) has completed acquisition of American Pad & Paper LLC (“Ampad”), marking Ampad’s successful emergence from bankruptcy after only eight months. Ampad is credited with inventing the legal pad in 1888 and is one of North America’s leading manufacturers and distributors of writing pads, filing supplies, retail envelopes and specialty papers.
    David Crosland, Executive Director at Crescent Capital stated, “Our goal is to invest in good companies with capable management teams and a significant market presence with the potential for long-term growth. Ampad’s brand has been a respected name in the office products industry for over 100 years. Now combined with Crescent Capital’s financial strength and backing, we expect Ampad will increase its market leadership in the future.”
    Mark Lipscomb, Ampad’s President and CEO, stated, “This outcome has far reaching benefits for Ampad. Even during bankruptcy, with the continued support of our vendors, customers and employees, we were able to grow our sales and received prestigious awards for service from two of our largest customers – Staples and Wal*Mart. Now Ampad is emerging from Chapter 11 an even stronger, more viable competitor; our customers will continue to have a leading source of high-quality office products; and Crescent Capital’s equity contribution will help assure a solid financial foundation so Ampad can expand its market position.”
    A major factor in Ampad’s successful exit from Chapter 11 was the timely and focused cooperation the key parties and their advisors exhibited to reach a consensual solution. Those parties include: Bank of America which provided the DIP financing; Ampad along with its advisors, Gardere Wynne Sewell LLP and Blackhill Partners, LLC; the Official Unsecured Creditors Committee, represented by Jenkins & Gilchrist Parker Chapin LLP and Ernst & Young LLP; and Crescent Capital, which was advised by King & Spalding LLP and Casas, Benjamin & White, LLC.
    Under the terms of the acquisition, Crescent Capital has invested $27 million of capital into Ampad. Ampad has also been provided with a $34.5 million revolving credit facility by PNC Bank to support its future business operations.

    About Crescent Capital Investments
    Crescent Capital Investments, Inc. is an Atlanta-based private equity firm founded in 1997. It has over $500 million in capital resources with over $100 million in equity available for each transaction. Since 1998, Crescent has completed eleven transactions with an aggregate enterprise value of nearly $1 billion.
    The other companies in Crescent Capital’s current portfolio also represent unique positions in their diverse industries. Cirrus Industries, Inc. is the second largest manufacturer of single-engine, piston-powered, general aviation aircraft in the world; MediFAX-EDI is a leading provider of health care information services; Caribou Coffee Company, Inc. is a specialty retailer of premium brewed and roasted whole bean coffee as well as teas, bakery goods and related products; Lee Industries is the number-one manufacturer of commercial paving equipment; DVT Corporation is a provider of technology-based machine vision systems; Smart Document Solutions, LLC is the leading provider of medical records release of information services in the United States; Transportation Safety Technologies, Inc. is a technological leader in the manufacture of specialty electrical components and safety products for the truck, utility and emergency vehicles in the United States; and WaterMark Paddlesports, Inc. is one of the premier outdoor sporting goods companies in the nation. Further information on Crescent can be found at www.crescentcapital.com.

    crescent captal is an affiliate of First islamic
    bank of Bahrain check this out

    taken from the Atlanta Journal

    <edited per FC request - for link below - LE>



    [ February 16, 2006, 07:18 PM: Message edited by: LadyEagle ]
  2. KenH

    KenH Active Member

    May 18, 2002
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  3. LadyEagle

    LadyEagle <b>Moderator</b> <img src =/israel.gif>

    Feb 7, 2002
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    Thanks for posting this, FC. We should keep a list of all the American companies sold out to Islamic funding, much of which, in turn, helps to support terrorism. American companies overseas have also helped terrorism by buying off the terrorists so they won't be attacked. They would rather pay money to terrorists than relocate when labor is so cheap, I reckon.