Corona Acquisition Completes Purchase of Westmoreland-Corona.SAFETY HARBOR, Fla.--(BUSINESS WIRE)--Oct. 1, 1997--Corona Acquisition Inc. announced that it has completed the purchase of Westmoreland-Corona Inc. from Westmoreland West·more·land , William Childs Born 1914. American general who was the senior commander of American troops in Vietnam (1964-1968). Energy Inc., a subsidiary of Westmoreland Coal Co. Corona Corona, city, United States Corona (kərō`nə), city (1990 pop. 76,095), Riverside co., S Calif.; inc. 1896. The city developed as a primary citrus fruit producer and shipping center. There is also light manufacturing. Acquisition Inc. was recently formed by St. James Capital of Safety Harbor to purchase Westmoreland-Corona Inc., which provides maintenance and specialty repair services to the electrical generating industry, and is a privately held corporation Noun 1. privately held corporation - a corporation owned by a few people; shares have no public market close corporation, closed corporation, private corporation . The primary objective of Corona Acquisition Inc. is to combine it with other similar companies to create a large utility maintenance business with a view towards a pald C. Parker, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Corona Acquisition Inc. stated: "With the purchase of Corona, along with its two subsidiaries, Corona Energy Corp. and Corona Power Maintenance, we have positioned ourselves as a major participant i in a very dynamic growth industry, we are confident that we will be a major player." |
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