
Scott Suttell
Special Projects Editor at Crain's Cleveland Business
An editor at Crain's Cleveland Business. Cleveland/Lakewood partisan. Movie lover. Northwestern fan. Soft spot for dogs.
Articles
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3 weeks ago |
crainscleveland.com | Scott Suttell
RPM International Inc. (NYSE: RPM) has agreed to buy The Pink Stuff, a cleaning products brand that has grown in part due to its popularity on TikTok and other social media platforms. Medina-based RPM announced Thursday, April 3, that it is acquiring the Star Brands Group, the U.K.-based parent company of The Pink Stuff, for its Rust-Oleum subsidiary. Star Brands will become part of RPM’s Consumer Group. Financial terms were not disclosed.
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3 weeks ago |
crainscleveland.com | Scott Suttell
Several sports team owners (present and past), an NBA legend, an aerospace magnate and a potential future governor are among the people with ties to Ohio who landed on the new Forbes list of the world's billionaires. There are 3,028 of them, Forbes says, which is 247 more than a year ago, and they're worth a combined $16.1 trillion — up nearly $2 trillion from 2024. A record 902 of the billionaires are from the United States.
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3 weeks ago |
crainscleveland.com | Scott Suttell
The CEO of The Timken Co. (NYSE: TKR) is stepping down, and the previous occupant of the position is returning to it on an interim basis. The board of the North Canton-based maker of engineered bearings and industrial motion products announced late Monday, March 31, that, effective immediately, Tarak B. Mehta "is departing as CEO and director based on mutual agreement due to personal reasons."Timken said Richard G. Kyle is back at the helm, serving as interim president and CEO.
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3 weeks ago |
crainscleveland.com | Scott Suttell
The chief financial officer of Mentor-based Avery Dennison Corp. (NYSE: AVY) is returning to the job after taking a medical leave that began in mid-November. The maker of pressure-sensitive adhesive materials said in a filing with the U.S. Securities and Exchange Commission that effective Tuesday, April 1, Gregory S. Lovins will resume his duties as senior vice president and CFO. In those roles, he is the company's principal financial officer. Danny G.
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4 weeks ago |
crainscleveland.com | Scott Suttell
SIFCO Industries Inc. (NYSE American: SIF), a Cleveland company that makes forged products for the aerospace, energy and defense markets, has dropped its auditor and named a replacement. In a Monday, March 24, filing with the U.S. Securities and Exchange Commission, SIFCO said the audit committee of its board of directors on March 18 "approved the dismissal" of RSM US LLP, which was serving as the independent registered public accounting firm of the company, effective immediately.
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