SCOUT by SouthernSun Asset Management

Welcome to another episode of SCOUT. We’ve produced this podcast series to give clients and friends a view into SouthernSun’s investment process.

Sit back and enjoy today’s latest episode of our podcast, “SCOUT: On the Road with SouthernSun” about Armstrong World Industries, a company within the SouthernSun portfolio that:

IS A CLEAR NICHE LEADER.

In the ceilings industry, Armstrong boasts more than a 50% market share. Its closest competitor is less than half Armstrong’s size. And this is not just a passing trend … Armstrong has had this stronghold for about 30 years.

REINVESTS WISELY.

Armstrong management has a track record of reinvesting in its core business to reinforce and enhance its strong competitive position. Since 2016, Armstrong has returned to shareholders over $1 billion in dividends and share repurchases.

RELENTLESSLY INNOVATES, DESPITE BEING 160 YEARS OLD.

One of the oldest American companies, Armstrong finds itself being the answer to its customers’ ceiling needs. Its industry-leading service levels engender customer loyalty.  And its consistent rate of new products and services show that it is a company that doesn’t rest on its laurels – rather, Armstrong strives to continuously meet the evolving needs of its customers.

 

 

 

 

 

Important Disclosures: This information is confidential, may not be reproduced or circulated in whole or in part, and is intended for institutional clients, qualified institutional buyers, professional investors or professional clients. Any transmittal of this information to individual clients, without the prior written consent of SouthernSun, is strictly prohibited.

• Past performance is not indicative of future results, which may vary.
• The information contained herein may be estimates, are as of the dates indicated, and are subject to change without notice.
• The information contained herein does not constitute an offer, solicitation or recommendation of any transaction in any securities referred to herein.
• Holdings are subject to change and should not be construed as investment advice. 
• References to exited positions indicates that the position has been fully liquidated from the portfolio by SouthernSun except in instances, if applicable, where a client has instructed us otherwise.
• Statements received directly from the account custodian should be regarded as the official record for a client’s account. 
• This information is being furnished to you for informational purposes only and should not be solely relied upon when making an investment decision.
• Any performance composite data utilized herein is used for illustrative purposes only and may not be inclusive of your account or reflective of the performance specific to your account.
• Performance data provided herein reflects the reinvestment of dividends and other earnings.
• All information has been obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed.
• This information is confidential, may not be reproduced or circulated in whole or in part, and is intended for institutional clients, qualified institutional buyers, professional investors or professional clients.  Any transmittal of this information to individual clients, without the prior written consent of SouthernSun, is strictly prohibited.

Regulatory Disclosures:

This material is provided for informational purposes only and is only directed at persons who may lawfully receive it.  You should satisfy yourself that you are lawfully permitted to receive this.  This material is not intended to be relied upon as a forecast or research and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy nor is it investment advice.  Past performance is not a reliable indicator of future performance.

SouthernSun Asset Management, LLC is registered with the United States Securities and Exchange Commission (“SEC”) as an investment adviser.

SouthernSun Asset Management (UK) Ltd., a subsidiary of SouthernSunAsset Management LLC, is a UK domiciled limited company that is authorized and regulated by the Financial Conduct Authority.  

 

© 2023 SouthernSun Asset Management, LLC. All Rights Reserved.

Welcome to another episode of SCOUT. We’ve produced this podcast series to give clients and friends a view into SouthernSun’s investment process.

If you enjoyed a few celebratory spirits and craft cocktails over the holiday season, we think you’re sure to like this SCOUT episode. Today we bring you the story of MGP Ingredients – your favorite company that you’ve never heard of...until now. MGP might not be a household name, but perhaps you know of some of its popular whiskey and tequila brands, such as George Remus Bourbon and El Mayor Tequila. But, it’s not just spirits for MGP. The company is also a leading supplier of plant-based food products in the B2B sector. As CEO Dave Colo says, “MGP was plant-based before plant-based was cool.” 

 

 

Important Disclosures: This information is confidential, may not be reproduced or circulated in whole or in part, and is intended for institutional clients, qualified institutional buyers, professional investors or professional clients. Any transmittal of this information to individual clients, without the prior written consent of SouthernSun, is strictly prohibited.

• Past performance is not indicative of future results, which may vary.
• The information contained herein may be estimates, are as of the dates indicated, and are subject to change without notice.
• The information contained herein does not constitute an offer, solicitation or recommendation of any transaction in any securities referred to herein.
• Holdings are subject to change and should not be construed as investment advice. 
• References to exited positions indicates that the position has been fully liquidated from the portfolio by SouthernSun except in instances, if applicable, where a client has instructed us otherwise.
• Statements received directly from the account custodian should be regarded as the official record for a client’s account. 
• This information is being furnished to you for informational purposes only and should not be solely relied upon when making an investment decision.
• Any performance composite data utilized herein is used for illustrative purposes only and may not be inclusive of your account or reflective of the performance specific to your account.
• Performance data provided herein reflects the reinvestment of dividends and other earnings.
• All information has been obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed.
• This information is confidential, may not be reproduced or circulated in whole or in part, and is intended for institutional clients, qualified institutional buyers, professional investors or professional clients.  Any transmittal of this information to individual clients, without the prior written consent of SouthernSun, is strictly prohibited.

Regulatory Disclosures:

This material is provided for informational purposes only and is only directed at persons who may lawfully receive it.  You should satisfy yourself that you are lawfully permitted to receive this.  This material is not intended to be relied upon as a forecast or research and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy nor is it investment advice.  Past performance is not a reliable indicator of future performance.

SouthernSun Asset Management, LLC is registered with the United States Securities and Exchange Commission (“SEC”) as an investment adviser.

SouthernSun Asset Management (UK) Ltd., a subsidiary of SouthernSunAsset Management LLC, is a UK domiciled limited company that is authorized and regulated by the Financial Conduct Authority.  

 

© 2023 SouthernSun Asset Management, LLC. All Rights Reserved.

Welcome to another episode of SCOUT. We’ve produced this podcast series to give clients and friends a view into SouthernSun’s investment process. In this episode, we introduce you to a company that is at the heart of everything we do in life, chemistry. Or, more specifically, chemical distribution. Today we shine the spotlight on UNIVAR Solutions.

 

 

Important Disclosures: This information is confidential, may not be reproduced or circulated in whole or in part, and is intended for institutional clients, qualified institutional buyers, professional investors or professional clients. Any transmittal of this information to individual clients, without the prior written consent of SouthernSun, is strictly prohibited.

• Past performance is not indicative of future results, which may vary.
• The information contained herein may be estimates, are as of the dates indicated, and are subject to change without notice.
• The information contained herein does not constitute an offer, solicitation or recommendation of any transaction in any securities referred to herein.
• Holdings are subject to change and should not be construed as investment advice. 
• References to exited positions indicates that the position has been fully liquidated from the portfolio by SouthernSun except in instances, if applicable, where a client has instructed us otherwise.
• Statements received directly from the account custodian should be regarded as the official record for a client’s account. 
• This information is being furnished to you for informational purposes only and should not be solely relied upon when making an investment decision.
• Any performance composite data utilized herein is used for illustrative purposes only and may not be inclusive of your account or reflective of the performance specific to your account.
• Performance data provided herein reflects the reinvestment of dividends and other earnings.
• All information has been obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed.
• This information is confidential, may not be reproduced or circulated in whole or in part, and is intended for institutional clients, qualified institutional buyers, professional investors or professional clients.  Any transmittal of this information to individual clients, without the prior written consent of SouthernSun, is strictly prohibited.

Regulatory Disclosures:

This material is provided for informational purposes only and is only directed at persons who may lawfully receive it.  You should satisfy yourself that you are lawfully permitted to receive this.  This material is not intended to be relied upon as a forecast or research and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy nor is it investment advice.  Past performance is not a reliable indicator of future performance.

SouthernSun Asset Management, LLC is registered with the United States Securities and Exchange Commission (“SEC”) as an investment adviser.

SouthernSun Asset Management (UK) Ltd., a subsidiary of SouthernSunAsset Management LLC, is a UK domiciled limited company that is authorized and regulated by the Financial Conduct Authority.  

 

© 2022 SouthernSun Asset Management, LLC. All Rights Reserved.

In this episode, Mike Cross introduces you to a company that literally makes the world go around: The Timken Company. Let's go on a virtual tour of Timken's high-tech Tyger River facility that makes tapered roller bearings for wind towers and discover why "it's all bearings nowadays."

 

Important Disclosures: This information is confidential, may not be reproduced or circulated in whole or in part, and is intended for institutional clients, qualified institutional buyers, professional investors or professional clients. Any transmittal of this information to individual clients, without the prior written consent of SouthernSun, is strictly prohibited.

• Past performance is not indicative of future results, which may vary.
• The information contained herein may be estimates, are as of the dates indicated, and are subject to change without notice.
• The information contained herein does not constitute an offer, solicitation or recommendation of any transaction in any securities referred to herein.
• Holdings are subject to change and should not be construed as investment advice. 
• References to exited positions indicates that the position has been fully liquidated from the portfolio by SouthernSun except in instances, if applicable, where a client has instructed us otherwise.
• Statements received directly from the account custodian should be regarded as the official record for a client’s account. 
• This information is being furnished to you for informational purposes only and should not be solely relied upon when making an investment decision.
• Any performance composite data utilized herein is used for illustrative purposes only and may not be inclusive of your account or reflective of the performance specific to your account.
• Performance data provided herein reflects the reinvestment of dividends and other earnings.
• All information has been obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed.
• This information is confidential, may not be reproduced or circulated in whole or in part, and is intended for institutional clients, qualified institutional buyers, professional investors or professional clients.  Any transmittal of this information to individual clients, without the prior written consent of SouthernSun, is strictly prohibited.

Regulatory Disclosures:

This material is provided for informational purposes only and is only directed at persons who may lawfully receive it.  You should satisfy yourself that you are lawfully permitted to receive this.  This material is not intended to be relied upon as a forecast or research and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy nor is it investment advice.  Past performance is not a reliable indicator of future performance.

SouthernSun Asset Management, LLC is registered with the United States Securities and Exchange Commission (“SEC”) as an investment adviser.

SouthernSun Asset Management (UK) Ltd., a subsidiary of SouthernSunAsset Management LLC, is a UK domiciled limited company that is authorized and regulated by the Financial Conduct Authority.  

 

© 2022 SouthernSun Asset Management, LLC. All Rights Reserved.

In this inaugural episode, Drew Willson takes us to the island of Eysturoy in the Faroe Islands to meet Regin Jacobsen, a 16th generation Faroe islander and CEO of Bakkafrost. We learn how that environment provides perfect conditions for raising healthy and robust Atlantic salmon.

 

Important Disclosures: This information is confidential, may not be reproduced or circulated in whole or in part, and is intended for institutional clients, qualified institutional buyers, professional investors or professional clients. Any transmittal of this information to individual clients, without the prior written consent of SouthernSun, is strictly prohibited.

• Past performance is not indicative of future results, which may vary.
• The information contained herein may be estimates, are as of the dates indicated, and are subject to change without notice.
• The information contained herein does not constitute an offer, solicitation or recommendation of any transaction in any securities referred to herein.
• Holdings are subject to change and should not be construed as investment advice. 
• References to exited positions indicates that the position has been fully liquidated from the portfolio by SouthernSun except in instances, if applicable, where a client has instructed us otherwise.
• Statements received directly from the account custodian should be regarded as the official record for a client’s account. 
• This information is being furnished to you for informational purposes only and should not be solely relied upon when making an investment decision.
• Any performance composite data utilized herein is used for illustrative purposes only and may not be inclusive of your account or reflective of the performance specific to your account.
• Performance data provided herein reflects the reinvestment of dividends and other earnings.
• All information has been obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed.
• This information is confidential, may not be reproduced or circulated in whole or in part, and is intended for institutional clients, qualified institutional buyers, professional investors or professional clients.  Any transmittal of this information to individual clients, without the prior written consent of SouthernSun, is strictly prohibited.

Regulatory Disclosures:

This material is provided for informational purposes only and is only directed at persons who may lawfully receive it.  You should satisfy yourself that you are lawfully permitted to receive this.  This material is not intended to be relied upon as a forecast or research and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy nor is it investment advice.  Past performance is not a reliable indicator of future performance.

SouthernSun Asset Management, LLC is registered with the United States Securities and Exchange Commission (“SEC”) as an investment adviser.

SouthernSun Asset Management (UK) Ltd., a subsidiary of SouthernSunAsset Management LLC, is a UK domiciled limited company that is authorized and regulated by the Financial Conduct Authority.  

 

© 2022 SouthernSun Asset Management, LLC. All Rights Reserved.

Drew Willson takes us to the island of Eysturoy in the Faroe Islands to meet Regin Jacobsen, a 16th generation Faroe Islander and CEO of Bakkafrost. We learn how that environment provides perfect conditions for raising healthy and robust Atlantic salmon.   All investments involve risk, including possible loss of principal. Past performance is no guarantee of future results. This podcast is provided solely for informational and educational purposes, and the information provided and views expressed do not constitute a recommendation or investment advice of any kind nor are they an offer or solicitation to buy or sell any securities. Securities identified in this podcast do not represent all of the securities purchased, sold, or recommended to advisory clients. It should not be assumed that any of the securities identified in this podcast were or will prove to be profitable, or that recommendations made in the future will be profitable or will equal the performance of the securities discussed in this podcast. Opinions and commentary do not take into account the investment objectives or financial situation of any particular investor or class of investors. Investors will need to consider their own circumstances before making an investment decision. The views and opinions expressed herein are as of the date of the podcast. Such views may change without notice, and SouthernSun Asset Management disclaims all responsibility to update such views. We believe information referenced is reliable, but no representation regarding its accuracy is made. Neither SouthernSun Asset Management nor the speakers can be held responsible for any direct or incidental loss incurred by applying any of the information presented. This podcast is the property of SouthernSun Asset Management and should not be copied, distributed, published, or reproduced in whole or in part without the express, written permission of SouthernSun Asset Management. Copyright 2019. All rights reserved. This material is only directed at persons who may lawfully receive it.

Drew Willson takes us to the island of Eysturoy in the Faroe Islands to meet Regin Jacobsen, a 16th generation Faroe Islander and CEO of Bakkafrost. We learn how that environment provides perfect conditions for raising healthy and robust Atlantic salmon.

 

All investments involve risk, including possible loss of principal. Past performance is no guarantee of future results. This podcast is provided solely for informational and educational purposes, and the information provided and views expressed do not constitute a recommendation or investment advice of any kind nor are they an offer or solicitation to buy or sell any securities. Securities identified in this podcast do not represent all of the securities purchased, sold, or recommended to advisory clients. It should not be assumed that any of the securities identified in this podcast were or will prove to be profitable, or that recommendations made in the future will be profitable or will equal the performance of the securities discussed in this podcast. Opinions and commentary do not take into account the investment objectives or financial situation of any particular investor or class of investors. Investors will need to consider their own circumstances before making an investment decision. The views and opinions expressed herein are as of the date of the podcast. Such views may change without notice, and SouthernSun Asset Management disclaims all responsibility to update such views. We believe information referenced is reliable, but no representation regarding its accuracy is made. Neither SouthernSun Asset Management nor the speakers can be held responsible for any direct or incidental loss incurred by applying any of the information presented. This podcast is the property of SouthernSun Asset Management and should not be copied, distributed, published, or reproduced in whole or in part without the express, written permission of SouthernSun Asset Management. Copyright 2019. All rights reserved. This material is only directed at persons who may lawfully receive it.