Moody-Price LLC, a Baton Rouge equipment and supplies distributor, has acquired Guico Specialty Co., a Lafayette firm that sells high-pressure industrial equipment.
Terms of the deal were not disclosed.
Danny Daniel Jr., Moody-Price president and chief operating officer, tells The Advocate (http://bit.ly/Wr4MBo) Guico's customers are mainly deepwater, oil and gas companies, with some in the chemical industry.
Moody-Price expects the deal to increase sales of Parker Autoclave Engineers products.
Dow Chemical Co. has successfully restarted its St. Charles Olefins 2 Plant near Hahnville after three years of inactivity.
The Advocate reports the plant has been producing ethylene, which is used in alcohol- and plastic-based products, since Dec. 25. Dow said it expects the plant will add $150 million to earnings before interest, depreciation and amortization.
An upcoming study could show that a Richland Parish industrial site could be ready for use within less than two years if chosen by a company.
One of the things the study is expected to show is that the 1,425-acre Franklin Farms tract could be raised to a 500-year floodplain relatively quickly and inexpensively, The News-Star of Monroe reports (http://tnsne.ws/UXSepa).
North Louisiana farmers and timber growers say they're beginning to recover from drought in 2010 and 2011. But The Times of Shreveport reports it will take time to rebuild cattle herds and that trees stressed by the drought could continue to die for another two years.
The U.S. Department of Agriculture declared 36 Louisiana parishes drought disaster areas in 2010. In 2011, seven parishes were named drought disaster areas along with 213 Texas counties.
The LSU AgCenter Audubon Sugar Institute plans a Jan. 25 opening for a pilot plant designed to produce biofuels and biochemicals from agricultural crops and byproducts.
The centerpiece of the AgCenter's sustainable bioproducts Initiative, the plant focuses on processing sweet sorghum, energy cane and other grassy feedstocks into convertible sugars, fiber and bioproducts for further refining into butanol, gasoline, isoprene and biochemicals, said project director Vadim Kochergin.
Jeffrey Friedman has been named vice president of clinic operations for Peoples Health.
He is responsible for clinics owned by the parent company, PH Holdings, and for management services available to the company's network of physician providers in a 14-parish area that includes New Orleans and Baton Rouge.
Friedman previously held senior positions in hospital administration with three acute care hospitals and was the executive director and co-owner of Diagnostic Imaging Services, a New Orleans imaging center.
Jim McCormick and Reid Wick join Peter Ricchuiti on Out to Lunch to discuss the changing face of the music business. McCormick, a New Orleans songwriter and music professor, had two chart-topping, number-one hit songs in 2012. Wick, a guitar player for the Bucktown All Stars, also moonlights as an executive with the Grammy organization's The Recording Academy.