Mergers & Acquisition

Mergers & Acquisition

Flow International Merger with Omax Corporation Clears FTC Hurdle

July 31, 2008

KENT, Wash., July 10, 2008 - Flow International Corporation, the world's leading developer and manufacturer of industrial waterjet machines used for cutting and cleaning applications around the world, announced today that the U.S. Federal Trade Commission (FTC) has accepted a consent decree with Flow which will... Read More

Mergers & Acquisition

PPG Acquires Coatings Manufacturer Vanex, Inc.

July 31, 2008

Expands capabilities, technology in PPG TrueFinish industrial coatings business PITTSBURGH, July 15, 2008 - PPG Industries (NYSE:PPG) announced today it has acquired Vanex, Inc., of Mount Vernon, Ill. Terms were not disclosed. Founded in 1964, privately-held Vanex is a supplier of Plascron® and Breakthrough® brand... Read More

Mergers & Acquisition

Honeywell Completes Sale of Its Consumables Solutions Business to B/E Aerospace

July 31, 2008

PHOENIX, July 28 - Honeywell Aerospace (NYSE:HON) announced today that it has completed the sale of its Consumables Solutions business to B/E Aerospace for $1.05 billion, consisting of $901.4 million in cash consideration and six million shares of B/E Aerospace common stock. "Honeywell Aerospace is focused on... Read More

Mergers & Acquisition

Cornell Iron Works and The Cookson Company Brands Now Aligned Under One Company

July 31, 2008

Mountaintop, PA July 2008 - Cornell Enterprises, the holding company for Cornell Iron Works, Inc., has recently completed its acquisition of The Cookson Company. The Cookson Company is a premiere rolling door manufacturer with facilities in Phoenix, AZ and Gastonia, NC. With the continued leadership of the... Read More

Mergers & Acquisition

Trico Acquires Predict USA

July 31, 2008

July 16, 2008 PEWAUKEE, WIS. -- Trico Corporation recently purchased Predict USA, Cleveland, Ohio, to enhance its lubrication management services, according to Trico Chief Executive Officer Robert Jung. The acquisition enables Trico to bring oil analysis and... Read More

Mergers & Acquisition

Industrial Controls Announces Merger with Climatic Control Company

July 31, 2008

Wanamassa, NJ -July 28, 2008 - Industrial Controls Distributors LLC, the leading distributor of HVAC controls, process instrumentation and industrial automated valves in the Eastern United States, is pleased to announce its merger with Climatic Control Company headquartered of Milwaukee, WI. Climatic also operates... Read More

Mergers & Acquisition

Nexergy and ElectriTek AVT Join Forces

July 30, 2008

Nexergy, Inc., a leading designer and manufacturer of battery packs and chargers, announced today that it will combine the operations of ElectriTek AVT and Nexergy into a single entity that will go to market under the Nexergy brand name. Late last year, it was announced that Nexergy had concluded an equity... Read More

Mergers & Acquisition

Federal Signal Announces E-ONE Sale Agreement

July 21, 2008

OAK BROOK, Ill., July 16 - Federal Signal Corporation (NYSE:FSS), a leader in advancing security and well-being, today announced that it has signed a definitive agreement to sell E-ONE, a manufacturer of fire apparatus located in Ocala, Florida for approximately $20 million to American Industrial Partners. AIP has... Read More

Mergers & Acquisition

Aeroglide Joins The Buhler Group

July 18, 2008

Raleigh NC - Aeroglide Corporation has been acquired by the Bühler Group. Founded in Raleigh in 1940, Aeroglide is the leading global supplier of industrial driers and coolers used in the processing of, among other things, breakfast cereals, snack foods, pet food, nonwovens, polymers, and industrial rubber. Buhler... Read More

Mergers & Acquisition

ABB to Acquire Kuhlman Electric Corporation from the Carlyle Group

July 18, 2008

Acquisition will broaden and complement ABB's power products offering Zurich, Switzerland, July 16, 2008 - ABB, the global power and automation technology group, has signed an agreement to acquire U.S. transformer company Kuhlman Electric Corporation for an undisclosed amount from global private equity firm The... Read More

Mergers & Acquisition

Acquisition Of The Pure Helium Company To Accelerate Expansion In The Middle East

July 16, 2008

Global helium consumption is linked to strong growth in industrial demand. In the Middle East and India, this market is growing by more than 10% a year, driven by the growing demand from hospitals and oil activities. In this context of strong demand, Air Liquide has just acquired Pure Helium, a leading... Read More

Mergers & Acquisition

GSI Group Signs Definitive Agreement to Acquire Excel Technology

July 15, 2008

BEDFORD, Mass., July 10 -- GSI Group Inc., (NASDAQ:GSIG) and Excel Technology Inc. (NASDAQ:XLTC) announced today that they have entered into a definitive agreement for GSI to acquire Excel in an all-cash transaction for $32.00 per share, or approximately $360 million, before fees and transaction costs. The offer... Read More

Mergers & Acquisition

Lab Safety Supply, Inc. Acquires Highsmith, Inc.

July 15, 2008

CHICAGO, July 10 - Grainger (NYSE:GWW), North America's leading industrial distributor, today announced that its direct marketing subsidiary, Lab Safety Supply, Inc., (LSS) has acquired substantially all of the assets of Highsmith, Inc. located in Fort Atkinson, Wisconsin. Highsmith is a direct marketing leader in... Read More

Mergers & Acquisition

Emerson Acquires TopWorx

July 11, 2008

Acquisition extends Emerson's PlantWeb® digital plant architecture and complements Emerson's valve and instrument businesses AUSTIN, TEXAS (July 8, 2008) - Emerson (NYSE:EMR) today announced it has acquired TopWorx (www.topworx.com). Terms of the deal were not disclosed. TopWorx becomes part of Emerson Process... Read More

Mergers & Acquisition

Ferraz Shawmut's Parent Corporation Acquires Majority Stake in China's Zhejiang Mingrong Electrical Protection

July 11, 2008

Positions Carbone Lorraine Group as a Leader in the Chinese Fuse and Fusegear Market Newburyport, Mass., July 8, 2008 - Ferraz Shawmut, a global leader in the field of circuit protection and subsidiary of the Carbone Lorraine Group, announces the acquisition of a majority shareholding in the Chinese company... Read More

Mergers & Acquisition

National Technical Systems Completes Acquisition of Elliott Laboratories, Inc. in San Francisco Bay Area

July 10, 2008

Calabasas, CA - June 9, 2008 -National Technical Systems, Inc. (NASDAQ: NTSC) (NTS), a leading provider of engineering services, announced today that it has completed its acquisition of Elliott Laboratories, Inc., a leading San Francisco Bay Area Electromagnetic Compatibility (EMC), Product Safety and Wireless... Read More

Mergers & Acquisition

Honeywell Acquires Metrologic Instruments; Expands Growing Laser, Imaging and Enterprise Mobility Business

July 10, 2008

Metrologic Builds on Acquisition of Hand Held Products, Adds Global Expertise, Technology MORRIS TOWNSHIP, N.J., July 2, 2008 - Honeywell (NYSE: HON) today completed its acquisition of Metrologic Instruments, Inc., a leading manufacturer of laser and mobile imaging and remote scanning, for approximately $720... Read More

Mergers & Acquisition

SKF Acquires Leading US Based Bearing Company with Manufacturing in China and Thailand

July 10, 2008

SKF has signed an agreement with the owners of PEER Bearing Company (PEER) to acquire PEER and its manufacturing operations in China and Thailand. The company manufactures mainly deep groove ball bearings and tapered roller bearings. PEER is a US based bearing company selling primarily to North American customers... Read More

Mergers & Acquisition

Hexagon Acquires German Company Messtechnik Wetzlar GmbH (MTWZ)

July 10, 2008

North Kingstown, RI - June 25, 2008 - Hexagon AB announced today it has acquired all outstanding shares in the German company Messtechnik Wetzlar GmbH (www.mtwz.de). MTWZ is a leading developer and provider of QUINDOS software solutions for quality control of complex mechanical parts such as gears and turbine... Read More

Mergers & Acquisition

Hexagon Metrology Strengthens Sheffield, ROMER Distributor Network

July 10, 2008

North Kingstown, RI - June 9, 2008 - Hexagon Metrology, Inc. has announced that it has acquired its leading Sheffield CMM products distributor, Advanced Metrology Solutions of Dayton, OH. The company is a leading distributor of precision metrology products in a nine-state territory, stretching from Michigan to... Read More