Beasley Allen files suits against Meta
Montgomery-based Beasley Allen has filed eight lawsuits against Meta, the parent company of Facebook, alleging the company exploited young people with addictive psychological tactics. The suits were filed in Colorado, Delaware, Florida, Georgia, Illinois, Missouri, Tennessee and Texas. – Alabama Political Reporter
EBSCO’s Bailey acquires Canadian company
EBSCO Capital announced the acquisition of Hydrolico International, a Canada-based distributor of hydraulic equipment, for EBSCO Industries’ portfolio company, Bailey International. Bailey is headquartered in Knoxville, Tennessee. EBSCO Industries is headquartered in Birmingham. – EBSCO Capital
Bank Independent breaks ground in Madison
Bank Independent has broken ground on a new sales office in Madison. It’s the fifth office in Madison since the bank began serving the area in 2014. – Bank Independent
DeSoto Caverns, a series of caves in Childersburg that has been a tourist attraction for decades, has changed names to Majestic Caverns. Management of the attraction and ticket prices will remain the same. – Hoover Sun
AU hosts first-of-its-kind timber conference
Auburn University’s College of Forestry, Wildlife and Environment hosted the first cross-laminated timber conference in the Southern United States. CLT gives wood extra strength and fire protection, offering an alternative to concrete and steel. The three-day conference featured 160 attendees from across the country. – Auburn University
