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HAWAII
Carlyle Group purchase of CSX Lines is final
The Carlyle Group, a Washington, D.C.-based international private equity firm, Thursday completed its $300 million purchase of CSX Lines. CSX, based in Charlotte, N.C., has changed its name to Horizon Lines, the company said.The line is Matson Navigation Co.'s major competitor in the mainland-Hawaii-Guam trade and has two sailings a week from the West Coast to Honolulu, with barge service onward to the neighbor islands.
Brian Taylor, vice president and general manager of what is now the Horizon Lines Hawaii-Guam division, said the local operations remain unchanged. The sale agreement was announced in December.
KOA awards coming up
The Estate of James Campbell is taking nominations for the 2003 Kapolei Outstanding Achievement Awards.Established 14 years ago, the awards recognize individuals, businesses, nonprofits and other organizations that best demonstrate a commitment to improvement and advancing the community of Kapolei. Winners will be announced in May.
For more information and forms, call 674-3357, or visit www.campbellestate.com or www.kapolei.com. The nomination deadline is March 28.
JAPAN
Daiei taps leader for restructuring
Tokyo >> Daiei Inc. has chosen Heihachiro Yoshino, president of group firm Maruetsu Inc., to return to the company he left in 1984 and lead its restructuring, Nikkei English News reported, without citing anyone.Yoshino could become an adviser to Daiei next month, though he will keep his position as Maruetsu's president, Nikkei said.
After leaving Daiei, Yoshino worked mostly in the sales division of Maruetsu before becoming president in 2000. He is respected for his managerial ability, Nikkei said.
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