Mergers and Acquisitions
Rockwood To Sell CeramTec
June 18, 2013 9:49 am | by Rockwood Holdings | News | CommentsCeramTec, headquartered in Plochingen, Germany, is a leading global producer of high performance advanced ceramics materials and products. With approximately 3,000 employees and 18 facilities globally, it serves four principal end-markets: (1) medical; (2) electronics; (3) industrial; and (4) automotive.
Production Tool Supply Acquires Specialty Tool Of IN
June 13, 2013 1:25 pm | by Production Tool Supply | News | CommentsSpecialty Tool has been servicing the manufacturing industry for over 25 years providing a vast assortment of industrial supplies including cutting tools, abrasives, coolants and MRO products. Like PTS, Specialty Tool strives to meet or exceed their customers’ needs through technical analysis, personalized service and support as well as a wide variety of quality products.
ABB To Purchase Dynamotive In UK
June 11, 2013 2:51 pm | by ABB | News | CommentsCoalville, UK–based Dynamotive designs, commissions and upgrades systems of drives, controls and motors for industrial and marine applications and automotive test rigs. Dynamotive has about 40 employees and is privately owned. Its owners will continue to work for ABB.
H.B. Fuller Company Acquires Plexbond Quimica
June 10, 2013 9:17 am | by H.B. Fuller Company | News | CommentsH.B. Fuller Company announced that it has finalized the previously announced purchase of Plexbond Quimica S/A, a provider of chemical polyurethane specialties and polyester resins based in Curitiba, Brazil. The Plexbond Quimica business generated nearly $20 million in revenue in 2012. The results of this business will be included in the company's Latin America Adhesives operating segment going forward.
ITW Agrees To Acquire Meurer Group
June 10, 2013 9:11 am | by ITW | News | CommentsMeurer is a well-known supplier of secondary packaging equipment to the FMCG (Fast Moving Consumer Goods) markets worldwide. Meurer will join Hi-Cone, Hartness International and ITW Warehouse Automation as part of the ITW Global Packaging Solutions Group, which is part of the ITW Consumer Packaging Segment. The transaction is expected to close in July pending government approval.
Commercial Solutions Provides Strategic Review Update
June 7, 2013 9:33 am | by Commercial Solutions | News | CommentsOn December 4, 2012, the company had announced a signed Letter of Intent ("LOI") to be acquired by Industrial Distribution Group ("IDG"). Subsequently, the company announced on January 24, 2013 that the Board of Directors of IDG had determined to withdraw IDG's proposal to acquire the company.
SAP To Acquire hybris, Will Expand eCommerce Platform
June 6, 2013 12:29 pm | by SAP | News | CommentsThe acquisition positions SAP to deliver the next-generation e-commerce platform, with the choice of on-premise or cloud deployment, as enterprises around the world seek to optimize the customer experience for businesses and consumers across an ever - growing number of delivery channels, devices and touch points.
Carlson Systems Holdings Acquires Western Tool Supply
June 6, 2013 9:55 am | by Carlson Systems Holdings, Inc. | News | CommentsWestern Tool Supply was founded in 1982 and has 14 stocking locations in Oregon, Washington, Idaho, Montana and Utah, with its corporate offices located in Salem, Oregon. The key to the acquisition is the great culture fit of the two organizations.
Salesforce.com To Acquire ExactTarget
June 5, 2013 9:52 am | by Salesforce.com | News | CommentsBy combining ExactTarget’s leading digital marketing capabilities with salesforce.com’s leading sales, service and social marketing solutions, salesforce.com will create a world-class marketing platform across email, social, mobile and the web.
Kaman Announces Plans To Acquire Northwest Hose & Fittings
May 30, 2013 5:00 pm | by Kaman Corp. | News | CommentsNorthwest Hose & Fittings, founded in 2000, is an authorized Parker distributor of hydraulic hose, fittings, adapters as well as couplers and industrial hose to a diverse group of industries such as the metals, agricultural, industrial machinery and equipment industries.
IBT Purchases Sheppard Supply Company
May 30, 2013 11:15 am | by IBT, Inc. | News | CommentsSheppard Supply customers can now take advantage of IBT’s 8,300 sq. ft. Springfield facility, located at 1358 E. Chestnut Expressway in Springfield, Missouri. IBT offers more than 1 million industrial products from 3,000 vendors—as well as engineering and inventory management services—to companies across the U.S. in manufacturing, food processing, packaging, bottling, aggregate, and power generation.
Praxair Acquires Dominion Technology Gases
May 30, 2013 11:00 am | by Praxair, Inc. | News | CommentsScotland-based Dominion Technology Gases Investment Limited is a leading global supplier of diving, welding, industrial, laboratory and calibration gases and associated equipment to the offshore oil and gas industry. Financial terms of the transaction were not disclosed.
ASG Announces Strategic Partnership With Fiam Air Tools
May 24, 2013 10:05 am | by ASG | News | CommentsThe collaboration between ASG and Fiam brings together the strengths of two global market leaders with long histories serving the assembly industry. With more than 100 years of combined experience, ASG and Fiam both offer unparalleled industry expertise in product design and manufacturing, systems engineering, custom solutions and customer support.
DXP Enterprises Continues Forward In Acquisition Mode
May 22, 2013 9:30 am | by Jack Keough, Contributing Editor, Industrial Distribution | Blogs | CommentsJack Keough takes a closer look at DXP Enterprises and their acquisition outlook in the coming year. The Houston-based MRO distribution giant is continuing to make acquisitions and expects to make a total of three this year, after completing nine total acquisitions in 2012.
DXP Acquires Tucker Tool Company
May 21, 2013 9:38 am | by DXP Enterprises | News | CommentsFounded in 1979, Tucker Tool is headquartered in Mechanicsburg, Pennsylvania and operates out of a single location. Tucker Tool is focused on serving customers in the chemical, oil & natural gas, power generation, general engineering and transportation markets with approximately 10 employees.
Lyon Workspace Products Sold To Equity Partnership
May 21, 2013 9:37 am | by Jack Keough, Contributing Editor, Industrial Distribution | News | CommentsLyon Workspace Products, formerly Lyon Metallic and then Lyon Metal, began as a manufacturer of sheet metal products . Now, Lyon is considered a “leading manufacturer and supplier of top quality lockers, industrial storage and workspace products,” according to its website. The acquisition is good news for the nearly 450 workers at Lyon Workspace.
Univar Acquires Mexico Distributor Quimicompuestos
May 17, 2013 12:56 pm | by Univar, Inc. | News | CommentsQuimicompuestos is a leading chemical distributor in Mexico. The company has strong relationships with over 50 key suppliers, and delivers over 100 products to more than 4,500 customers in 25 diverse end markets. The company is well positioned in Mexico, with a nationwide distribution network and strong expertise in high growth industries.
Brady Corp. To Sell Asia Die-Cut Business, Organic Sales Down 4.7%
May 17, 2013 11:03 am | by Brady Corporation | News | CommentsThe company continued its portfolio realignment process by announcing plans to sell its Asia-based Die-Cut business which was outlined in a separate press release on May 16, 2013. Accordingly, the company has recast its financial statements to report the financial results of the Die-Cut business on one line item in the accompanying condensed consolidated statements of income.
Timken Acquires Standard Machine
May 15, 2013 9:42 am | by Jack Keough, Contributing Editor, Industrial Distribution | News | CommentsThe Timken Company has acquired Standard Machine, provider of new gearboxes, gearbox service and repair, machining, field technical services and other services to customers in Canada and the western United States. The company services firms in the mining, oil and gas, and pulp and paper industries.
Kennametal Acquires Bolivian Tungsten Supplier
May 14, 2013 9:09 am | News | CommentsIndustrial manufacturer Kennametal has signed a definitive agreement to acquire the operating assets of Comercializadora Emura S.R.L. and certain related entities, based in La Paz, Bolivia. Emura is the region’s principal operation engaged in collection, testing, processing and exporting tungsten ore material, and is a long-standing supplier to Kennametal.
Five Leading Packaging Companies Join Forces
May 8, 2013 9:56 am | by Exopack Holdings Sarl | News | CommentsFive leading packaging companies in North America and Europe today announced they intend to combine in order to operate as one global leader under the banner of Exopack Holdings Sarl, a new Luxembourg company (“the Combined Company”). The combined business will have 63 plants, 8,650 employees and aggregate revenues of more than US$2.5B, making it the sixth-largest plastics packaging company in the world.
Kaman Restructuring Completed; Possibly Looking For More Acquisitions
May 8, 2013 9:38 am | by Jack Keough, Contributing Editor, Industrial Distribution | Blogs | CommentsJack Keough takes a closer look at Kaman Corporation on the heels of their restructuring efforts, uncovering their possible intentions to once again enter acquisition territory. The company indicated that it may be looking at acquisitions in the fluid power or electrical automation areas, both of which have been extremely beneficial for Kaman.
CGW Acquires PASCO, Pacific Abrasive Supply Company
May 7, 2013 10:02 am | by CGW | News | CommentsPASCO was founded in 1920 as a distributor of abrasives, cutting tools, carbides and other industrial supplies selling to manufacturing plants throughout California. Over the years, PASCO grew to become the largest abrasive belt fabricator in the U.S. Today, the company also manufactures other coated abrasive products, including sheets, discs, rolls, pressure-sensitive adhesive products and specialty items.
Greenlee Textron Acquires Sherman & Reilly, Inc.
May 1, 2013 2:25 pm | by Greenlee | News | CommentsSherman & Reilly is a leading US manufacturer of pulling and stringing equipment for the power utility segment. The company currently employs 110 people and will join the Greenlee® family of brands alongside Greenlee®, Klauke® and Greenlee CommunicationsTM.
Berkshire Hathaway Buys Remainder Of Iscar For $2.05B
May 1, 2013 2:14 pm | by Jack Keough, Contributing Editor, Industrial Distribution | News | CommentsBerkshire Hathaway has acquired from the Wertheimer family the 20% of IMC International Metalworking Companies that it does not already own, for consideration of $2.05 billion. Warren Buffet, chairman and CEO of Berkshire Hathaway, has frequently praised Iscar's managers in public for how they've run the company, according to MarketWatch.com.
