Mergers and Acquisitions
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.
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.
Wajax Opens Branch In Redcliff, Alberta
May 1, 2013 9:52 am | by Wajax Industrial Components | News | CommentsJeff Dares will serves as the Branch Manager at the new location. He has worked for Wajax for more than 12 years in a variety of roles including outside sales and branch management. He has extensive experience with bearing and power transmission products and in finding technical solutions for our customers.
Unisource Worldwide, International Paper To Explore Standalone Distribution Business
April 23, 2013 9:29 am | by Unisource Worldwide, Inc. | News | CommentsUnisource Worldwide today announced it is engaged in exclusive talks with International Paper regarding a proposed transaction in which its xpedx distribution business would be combined with Unisource. Unisource and xpedx are leading, complementary business-to-business distributors of printing paper, packaging and facility supplies.
DXP Enterprises Acquires National Process Equipment
April 18, 2013 9:14 am | by DXP Enterprises | News | CommentsFounded in 1998, Natpro is headquartered in Calgary, Alberta and operates out of eight locations across Eastern and Western Canada. Natpro is focused on serving customers in the oil & gas, mining, municipal, fire and general industrial markets.
WinWholesale Acquires West Coast Associates In Tampa
April 17, 2013 9:39 am | by WinWholesale, Inc. | News | CommentsWinWholesale Inc. has acquired the assets of West Coast Associates in Tampa, Fla. The company now operates as West Coast Winsupply and fabricates fire sprinkler systems for fire sprinkler and mechanical contractors in Florida and the southern regions of Georgia and South Carolina.
Bunzl Announces Interim Statement, UK Acquisition
April 17, 2013 9:36 am | News | CommentsRevenue and operating margins have been consistent with expectations at the time of the annual results announcement in February. At constant exchange rates, group revenue in the first quarter has increased 10% compared to the same period last year due to underlying revenue growth of about 2%, with all of the business areas showing growth, and the positive impact from acquisitions.
Praxair Acquires Plant In IN, Starts Another In Brazil
April 16, 2013 9:32 am | by Praxair, Inc. | News | CommentsPraxair, Inc., announced the acquisition of Tri-State Carbonic’s carbon dioxide (CO2) plant in Lawrenceburg, Indiana. Financial terms of the transaction were not disclosed. Also, as part of a long-term contract, Praxair's new plant in Brazil will supply Eldorado Celulose e Papel’s single-line pulp mill, which will be the largest in the world.
Atlas Copco to Acquire German Torque Wrench Maker
April 16, 2013 9:27 am | by Atlas Copco | News | CommentsFounded in 1919, Saltus has about 65 employees and had revenues in 2012 of about MEUR 8 (MSEK 70). The company manufactures and sells a wide range of products for quality assurance in tightening, including mechanical, mechatronic and electronic wrenches as well as special sockets.
Timken Acquires Smith Services
April 12, 2013 5:05 pm | by Jack Keough, Contributing Editor, Industrial Distribution | News | CommentsIn 2012, Smith Services reported sales of approximately $17 million. The 140 Smith Services employees provide electric motor repair and field technical services to end-users across seven states in the region, serving a wide variety of markets including power generation, petrochemical, paper, steel, nuclear and mining.
Southco Acquires Unikey Industrial Components
April 12, 2013 9:26 am | by Southco, Inc. | News | CommentsWith this acquisition, Southco expands its broad range of engineered access hardware solutions and extends the company’s global market presence into South America. Unikey’s design and manufacturing capabilities will strengthen Southco’s position globally, providing new opportunities to add value to Southco’s extensive customer base in a wide variety of industries and applications in the Brazilian market.
ERIKS Acquires Klaus Technische Of Germany
April 9, 2013 4:02 pm | by ERIKS | News | CommentsKlaus supplies a general assortment of industrial products and components, especially industrial hoses and accessories, seals, tools and pumps to OEM and MRO customers. The transaction will strengthen ERIKS Hessen’s position in the important industrial area around Frankfurt considerably.
GE To Buy Lufkin Industries For $3.1 Billion
April 8, 2013 9:17 am | by Jack Keough, Contributing Editor, Industrial Distribution | Blogs | CommentsLufkin manufactures and services a variety of pumps in its oilfield unit and also designs and manufactures heavy-duty enclosed gears for its power transmission business. The gears are used in oil-field and industrial applications and sold to a wide range of industries.
Klein Tools Acquires Civitella & Cia In Brazil
April 4, 2013 9:15 am | by Klein Tools | News | CommentsCivitella’s manufacturing and distribution center is based in São Paulo and serves customers throughout Brazil. Together, Klein Tools and Civitella can provide a full range of high-quality products for the electrical, construction, oil & gas and telecommunications industries.
AmerisourceBergen Announces Sale of AndersonBrecon
April 3, 2013 9:48 am | by AmerisourceBergen | News | CommentsThe company will sell its contract packaging business, AndersonBrecon, to an entity formed by affiliates of an investor group led by Frazier Healthcare VI, L.P. for the purpose of acquiring AndersonBrecon. The purchase price for the transaction is $308 million in cash, subject to customary adjustments for, among other things, the working capital of the business.
Elgin Fastener Acquires Vegas Fastener Manufacturing
April 3, 2013 9:43 am | by Elgin Fastener Group | News | CommentsVegas Fastener Manufacturing operates an extensive variety of forging presses, computer-controlled turning centers, vertical CNC mills, and CNC bar feeders. Vegas Fastener serves industries including power generation, marine/naval transportation, oil and gas, diesel engine, food processing, power turbine, water works and general industrial.
American Tire Distributors Expands Presence Into Canada
April 1, 2013 9:47 am | by American Tire Distributors | News | CommentsTts wholly owned Canadian subsidiary has acquired the outstanding shares of Tire West Trading (Canada) Ltd. d.b.a. TriCan Tire Distributors based in Edmonton, Alberta. TriCan is the leading national tire distributor in Canada with 15 distribution centers stretching across the country.
AmerisourceBergen Divests Canadian Distribution
March 29, 2013 9:41 am | by AmerisourceBergen | News | CommentsAmerisourceBergen Corporation today announced that it has signed a definitive agreement to sell its Canadian pharmaceutical distribution business, AmerisourceBergen Canada Corporation (ABCC), to Kohl & Frisch Limited, a Canadian-owned national full-line distributor.
Aries Electronics Announces Contract With SMD, Inc.
March 29, 2013 9:28 am | by Aries Electronics | News | CommentsThe US manufacturer of standard, programmed and custom interconnection products and test sockets used worldwide, announces that they have authorized SMD Incorporated of Irvine California to distribute the company’s full range of electronic connector products throughout the USA through their locations in Southern California, New Hampshire, and Florida.
Sunnen Products Forms Joint Venture In Brazil
March 28, 2013 10:04 am | by St. Louis Business Journal | News | CommentsAccording to the St. Louis Business Journal, Sunnen Products Co. has formed a joint venture with its longtime Brazil distributor, Hontech Ltda. Hontech President João Bahia will lead the new joint company, named named Sunnen do Brasil. The company will being to manufacture Sunnen abrasives in Sao Bernardo do Campo SP.
