Ameron Hawaii is going back to a shortened version of its original name, HC&D, short for Honolulu Construction & Draying Co. Ltd.
Draying refers to the use of a vehicle to haul goods, especially a strong cart or wagon without sides, that usually involves heavy loads.
“We are excited to officially introduce the HC&D name and updated logo design to our more than 250 employees, countless retirees and customers throughout the state,” said Wade Wakayama, president and CEO, in a news release.
The company returned to local ownership last year when Honolulu-based Pohaku Pa‘a LLC purchased concrete suppliers Ameron Hawaii and Island Ready-Mix Concrete Inc. from California-based Ameron International Corp.
Honolulu Construction & Draying was formed in 1908 and for many years was referred to as HC&D.
The late Hal “Aku” Lewis, the top-rated Honolulu radio personality for decades, often referred to the company as “hot coffee and doughnuts” on the air.
In 1967 the company became a wholly owned subsidiary of American Pipe and Construction Co. of Monterey Park, Calif., otherwise known as Ameron Inc., according to the Ameron Hawaii website.
HC&D merged with Ameron in 1977 and was then known as Ameron HC&D. In 1996 parent company Ameron Inc. changed its name to Ameron International Corp., and Ameron HC&D changed its name to Ameron Hawaii.
Target opens at 6 p.m. on Thanksgiving
NEW YORK >> Target will open its doors at 6 p.m. on Thanksgiving Day, the same time as last year.
But shoppers don’t have to trek to a store after eating turkey and stuffing; the same deals will be available online at Target.com on Thanksgiving morning, the retailer said. Target also will offer different deals for 10 days, starting Nov. 22.
Its plan is the latest sign of retailers spreading their deals beyond Black Friday, the busiest shopping day of the year. The holiday shopping season is critical to retailers, accounting for about 20 percent of annual retail sales.
Companies that have already announced plans to open on Thanksgiving include toy seller Toys R Us and department store chains Macy Inc. and Sears Holdings Corp.
Ruling could expose GM to large verdicts
DETROIT >> A federal bankruptcy judge has ruled that people suing General Motors over faulty ignition switches can seek punitive damages that could cost the company millions of dollars or more.
When General Motors emerged from a 2009 bankruptcy, it became known as “New GM.” The new company essentially was shielded from liabilities of the old company that was left behind.
But Judge Robert Gerber in New York ruled Monday that employees and knowledge transferred from the “Old GM” to the new company. Plaintiffs, he ruled, can seek punitive damages if they can show that “New GM” knew of the faulty switches but covered it up.
Match Group seeks up to $466.2M in IPO
NEW YORK >> The owner of Tinder, Match.com and OkCupid hopes to raise as much as $466.2 million in an initial public offering, which would put the value of the dating site company in the neighborhood of $3 billion.
Match Group Inc. disclosed in a regulatory filing Monday that it will price its IPO of about 33.3 million shares between $12 and $14 per share. The underwriters will have a 30-day option to buy an additional 5 million shares.
About 31 million Americans have used a dating site or app, according to a 2013 Pew Research Center study.
UAW leaders OK tentative pact with Ford
DETROIT >> The United Auto Workers’ proposed contract with Ford Motor Co. — approved Monday by local union leaders — is the richest of the Detroit Three, with a promise of $10,250 in bonuses for most workers this year alone.
The union released details of the agreement Monday. Workers must now vote to ratify it.
Ford’s deal would eliminate the two-tier wage system the union agreed to in 2007 when the companies were near bankruptcy. The agreement also would add bonuses for many workers, investment in plants and more.
The four-year deal covers 53,000 workers at 22 U.S. plants.
ON THE MOVE
Servco Pacific has announced that Casey Ching has been appointed vice president of corporate properties. He has 12 years of real estate experience, including serving as a senior asset manager at Kamehameha Schools as well as an acquisitions and finance manager for Stanford Carr Development.
Bank of Hawaii has announced the following new vice presidents:
>> Wilson Chan has been appointed vice president and food and beverage manager in the food and beverage department. He was previously serving as general manager of Elite Cafeteria Hawaii Services as well as chef and owner of ZenShu restaurant.
>> Shari Ann Daluson, a process improvement compliance officer, has been promoted to vice president from assistant vice president in the personal trust department. Daluson joined Bank of Hawaii in 2008 and was previously working for Aloha Airlines.
