Port announces fourth expansion of container facilities
The Alabama State Port Authority has signed an agreement with APM Terminals, which operates the port’s containerized cargo site, to add 32 acres of container space, bringing the port’s annual throughput capacity to 1 million Twenty-foot Equivalent Units. It’s the fourth expansion since APM came to Mobile in 2008 and includes the addition of two more ship-to-shore super post-panamax cranes valued at $30 million. – Alabama State Port Authority
Daphne company acquired by California group
Daphne-based BBB Industries, a sustainable manufacturer in the automotive aftermarket, has been acquired by Clearlake Capital Group, based in California. Financial terms of the transaction were not announced. BBB, founded in 1987, does business in 64 countries through five divisions. – Cision
UAB gets $1 million gift for international, underrepresented students
Entrepreneurs Shegun and Mary Otulana have given $1 million to the University of Alabama at Birmingham to help international students and underrepresented students at the university. They have created the Shegun and Mary Otulana Endowed Scholarship. Each year, the scholarship will provide tuition for an international student and an underrepresented student. – University of Alabama at Birmingham
Innovation Depot looking for new CEO
Birmingham’s Innovation Depot is advertising for a new CEO. Drew Honeycutt has held that job for two years, and reports say he plans to leave Aug. 31. – Innovation Depot
Oakworth founding board member retires
Rick Horsley, a founding board member, has retired from Oakworth Capital Bank’s board of directors. Horsley had been on Oakworth’s board since its founding in March 2008. – PR Newswire
