Barnes Group Inc. will use the after-tax proceeds from the sale of approximately $400 million will be utilized to reduce debt, buyback common shares, invest in profitable growth initiatives including potential acquisitions, and for general corporate purposes. Barnes Group updates its 2013 full-year guidance to include the impacts of the completed sale of BDNA and the Company’s previously announced CEO transition.
Berkshire Hathaway has acquired from the Wertheimer family the 20% of IMC International...
Based in Sydney, the businesses acquired operate from locations throughout Australia and focus...
Jack Keough, contributing editor of Industrial Distribution, takes a look at the recent mega...
Founded 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, 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.
Quimicompuestos 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.
The 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.
The 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.
Industrial 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 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.
Jack 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.
PASCO 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.
Sherman & 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.
Jeff 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 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.
Founded 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 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.
Revenue 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, 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.
Founded 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.
In 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.
With 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.
Klaus 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.
Lufkin 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.
Civitella’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.
The 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.
Vegas 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.
Tts 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.