UPDATE

By Staff -- Industrial Distribution, 5/1/2000

Company News

Arc Abrasives kicked off a year-long celebration of its 40th year in business ... Distributor Twyman Safety, headquartered in Columbus, Ohio, changed its name to Safety Today Inc. and agreed to purchase Mine Safety Appliances Co.'s Midwest Service Center ... Metals USA, Inc., formed a new business unit called i-Solutions ... Manufacturer Chart Industries, Inc., opened a cryogenic services center near Allentown, Pa. ... Textron Fastening Systems opened a new world headquarters in Troy, Mich.

Acquisitions

I nternational Motion Control Inc. created a new company, H ughes-HiTech, Inc., based in Clarence, N.Y., from a merger of two fluid power distributors, Hughes Industrial Products and HiTech Power and Control ... Colfax Corp. acquired Warner Electric ... Parker Hannifin Corp. agreed to acquire the assets of Dana Corp.'s Gresen Hydraulic business and acquired Gummi-Metall Scheufele & Gienger GmbH, a German manufacturer ... Material handling supplier Insul-8 Corp. of Omaha, Nebr., acquired Drivecon Corp. of Libertyville, Ill. ... WESCO International completed its acquisition of Control Corp. of America in Richmond, Va. ... The Hertz Corp. acquired the Cardella Group of Equipment Rental Companies of France ... Distributor Bobker Bearings completed the acquisition of Eifler Electric Co. of Linden, N.J. ... M eier Transmission, Ltd. purchased operating assets of the electrical sales and services departments of Great Lakes Power Products and Service companies ... National-Oilwell, Inc. completed the merger with Hitec ASA ... Reunion Industries, Inc., completed its merger with Chatwins Group, Inc., and also acquired Kingway Material Handling Co.

Awards

Automotive parts manufacturer Federal-Mogul received the Key Supplier Status award from John Deere ... Helena, Ala.-based distributor Dudley C. Jackson, Inc. received the 1999 Blue Chip Award sponsored by MassMutual, Nation's Business magazine and the U.S. Chamber of Commerce, as well as the 1999 Birmingham's Best Companies for Working Parents Award presented by Birmingham Family Times magazine ... Certified Slings, Inc., also received a 1999 Blue Chip Enterprise Initiative Award ... Cooper Industries names the Cooper Tools plant in Westhausen, Germany, the top winner of its Environmental Excellence Awards program ... Grundfos Pumps Manufacturing Corp. won the California Governor's Achievement Award for Quality Excellence.

Send Update information to senior editor Susan Srikonda, 275 Washington St., Newton, Mass., 02458; call (617) 558-4722; fax to (617) 558-4327; or e-mail to ssrikonda@cahners.com.