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Delivering new heights

Delivering new heights

The use of drones in last mile deliveries is a tantalizing prospect, but is it all pie in the sky? OPI’s Michelle Sturman finds out… Unmanned aerial vehicles (UAV) or unmanned aerial systems (UAS), better known as drones, are already used in the military, medical, agriculture, construction and media sectors, but their application for last…

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Record quarter for Veritiv

Record quarter for Veritiv

US distribution company Veritiv reported excellent sales and earnings growth in the first quarter of 2022. The company achieved Q1 sales of $1.9 billion, up by more than 19% versus the same quarter last year. Meanwhile, adjusted EBITDA was $119.5 million and net profit came in at $78.5 million – a record number for any…

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Steelcase to acquire US furniture firm

Steelcase to acquire US furniture firm

Steelcase has agreed to acquire a Minnesota-based designer and manufacturer of precision-tailored wood furniture for the workplace. The global contract furniture giant is set to buy HALCON in a deal worth up to $135 million. Stewartville-based HALCON was founded in 1977 by Peter Conway and specialiszes in custom wood and executive-level tables, credenzas and desks. In…

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HP share price surges after Buffett investment

HP share price surges after Buffett investment

The share price of HP Inc jumped by more than 16% in early trading today after it was revealed that Warren Buffett’s Berkshire Hathaway had become its largest single shareholder. In two HP regulatory filings dated April 6, it was shown that Berkshire Hathaway had acquired just over 120 million shares of HP common stock…

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