Mizuno USA, a global manufacturer of sports apparel, footwear and equipment, has announce the relocation of all its distribution facilities and manufacturing operations to a 520,000-square-foot facility in Braselton.
“Mizuno USA is excited to make the move to Braselton in 2015,” said Bob Puccini, president of Mizuno USA Inc. and director of Mizuno Corporation. “This investment is a critical next step for our business to be able to service the dynamic, omni-channel supply needs of our customers and consumers. The location, supportive infrastructure as well as the facility space options made Barrow County the optimal solution to support our expected growth.”
The facility will merge Mizuno’s two existing distribution center facilities to service all Mizuno USA divisions. Current Mizuno employees will transition to the new facility in late 2014 following building renovations.
The manufacturing and distribution center will have 150 full-time positions and bring seasonal work opportunities starting in 2015.
Private equity firm acquires Norcross company
Falfurrias Capital Partners, a Charlotte, N.C.-based private equity firm, has acquired Norcross-based Efacec ACS Inc. from the Efacec Group for undisclosed terms. The company name will change to Advanced Control Systems Inc., and it will operate as an independent portfolio company of the North American T&D Group.
Founded in 1975, ACS provides grid automation solutions to the electric power industry, with more than 250 utility customers worldwide. The company’s product portfolio includes SCADA, distribution management, outage management and substation automation.
“ACS has a tradition of innovation that has kept us at the forefront of the transformation to an intelligent grid,” said José Barbosa, CEO of ACS. “Together with the NATDG leadership and the backing of Falfurrias Capital Partners, we will continue developing new solutions that empower our customers to meet the challenges they face today and in the years to come.”
The existing ACS management team will remain, led by Barbosa, and the company will continue operating as a stand-alone entity. ACS headquarters will stay at its present location in Norcross. As a result of the acquisition, ACS will launch a new website and brand identity in 2014.
Commercial real estate management company names new president
Wheeler/Brand Management Company, a full‐service commercial real estate management company, has announce Scott Meadows as its new president upon the retirement of real estate veteran Tom Wheeler earlier this year. Meadows, only the second person to serve as president, takes the helm of Wheeler/Brand together with owner Brand Morgan, who acquired the company from Tom Kolb and Tom Wheeler.
“I am fortunate to have been able to work with the experts behind the Wheeler name, one that I’ve long respected,” said Morgan, chairman of Wheeler/Brand Management Company. “We are thrilled for the opportunity to grow our expertise in leasing and property management and carry on the company’s legacy under new leadership.”
Wheeler/Brand Management Company oversees nearly 100 retail, office and industrial properties totaling more than five million square feet in five states. The company has offices in Atlanta and Duluth.
State Bank names new regional president of mortgage lending
State Bank and Trust Company has announced that Jim Guthrie has been named regional president of mortgage lending.
In this role, Guthrie will be responsible for growing State Bank’s residential real estate mortgage operations through recruitment of leading banking professionals and strategic partnerships with the area’s leading homebuilders and real estate agencies.
“As we see the area’s housing market continue to improve, we foresee mortgage banking being an important service to our customers,” said Tom Wiley, State Bank’s vice chairman and president. “Jim’s passion and leadership in the mortgage arena makes him a great fit for our organization.”
Guthrie has devoted more than three decades to the mortgage lending industry and is a past president of the Atlanta Mortgage Bankers Association.