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BUSINESS
March 5, 1991
Metalclad Corp., the Anaheim-based supplier of industrial insulation and asbestos-abatement services, has sold 1 million shares of common stock to Grant S. Kesler. The sale provides the company with $1.25 million to reduce debt and for working capital. Metalclad also granted a five-year option to Kesler for the purchase of an additional 250,000 shares of company stock. Kesler, president of Merchant House Financial Services Corp.
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BUSINESS
March 5, 1991
Metalclad Corp., the Anaheim-based supplier of industrial insulation and asbestos-abatement services, has sold 1 million shares of common stock to Grant S. Kesler. The sale provides the company with $1.25 million to reduce debt and for working capital. Metalclad also granted a five-year option to Kesler for the purchase of an additional 250,000 shares of company stock. Kesler, president of Merchant House Financial Services Corp.
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BUSINESS
November 28, 1995
Metalclad Corp. said Monday it has received approval from the Mexican government to operate a hazardous waste processing plant 250 miles north of Mexico City after a 10-month battle with local environmentalists. Although the facility in the central state of San Luis Potosi was completed in March, the final operating permits were not signed until Friday by PROFEPA, Mexico's environmental agency.
BUSINESS
April 21, 1992 | MICHAEL FLAGG, TIMES STAFF WRITER
Metalclad Corp. said Monday it is starting its third joint venture with a Mexican company to build hazardous-waste treatment plants in that country. The Mexican concern--a waste-disposal company called Eliminacion de Contaminantes Industriales--is acquiring a site in the Mexican state of Tamaulipas, on the east coast of Mexico below the Texas border.
BUSINESS
September 1, 2000 | JAMES F. SMITH, TIMES STAFF WRITER
The Mexican government said Thursday it would appeal a landmark decision by a North American trade dispute panel that it had failed to protect an Orange County company's investment in Mexico. The panel ruled in Washington on Wednesday that the Mexican government must pay Metalclad Corp. of Newport Beach $16.7 million in damages for blocking it from opening its hazardous-waste treatment plant in the central state of San Luis Potosi.
BUSINESS
May 29, 1994 | JOHN O'DELL, TIMES STAFF WRITER
When economic pundits said early last year that 1993 would be a rebuilding year for recession-battered Orange County, the people who make executive compensation decisions apparently were listening. Though the overall economy barely held its own with no job growth, many corporate officers at Orange County's publicly traded companies saw their pay packages grow to new heights. The yeast in their dough wasn't always cash, however.
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