Alexander & Baldwin Holdings becomes part of Matson with re-branding

OCEAN transport and logistics company Matson Inc has announced that Alexander & Baldwin Holdings Inc has changed its name to Matson Inc.

The renaming follows completion of the separation of Alexander & Baldwin Holdings into Matson Inc and Alexander & Baldwin Inc.

Alexander & Baldwin Holdings Inc shareholders on June 18 received one share of common stock of Alexander & Baldwin, Inc for every share of Alexander & Baldwin Holdings Inc.

Furthermore, the newly expanded company began trading at the beginning of July on the New York Stock Exchange under the ticker symbol "MATX."

"Matson has been serving Hawaii continuously since 1882, and has an integral role in supporting the state's economic activities," said company chairman Walter Dods. "We are proud that Matson will now be the state's 14th publicly traded company."

There have been no changes to Matson's executive management team, with the exception of Matthew Cox becoming chief executive officer and Joel Wine becoming senior vice president and chief financial officer. In addition, Rusty Rolfe has been promoted from executive vice president to president of the Matson subsidiary, Matson Logistics.