Industrial Newsroom - Mergers and Acquisitions

Greif, Inc. Acquires Vietnam Steel Drum Facility

info@productnews.com (ThomasNet Industrial Newsroom) — Tue, 06 May 2008 00:00:00 -0500

DELAWARE, Ohio (May 6, 2008) - On May 2, Greif, Inc. (NYSE: GEF, GEF.B) acquired Petro-Summit Mechanical Co Ltd., Vietnam, a subsidiary of Asian Steel Co. Singapore. Located in Vung Tau Province, the facility manufactures 200-litre steel drums serving the Mekong hinterland, the main commercial area of Vietnam. It is Greif's first plant in the country. Greif Vietnam will be managed as part of the Greif South East Asia (SEA) business. Terms of the deal were not disclosed. Greif is a world ...

Goodfellow Acquires the Technical Glass Company

info@productnews.com (ThomasNet Industrial Newsroom) — Wed, 30 Apr 2008 00:00:00 -0500

Oakdale, PA...April 30, 2008... Goodfellow Cambridge Ltd., parent company of Goodfellow Corporation of Oakdale, Pennsylvania, has acquired The Technical Glass Company, a UK-based supplier of ceramics, ceramic components and specialist glass for scientific and industrial applications. In announcing the purchase, Goodfellow Managing Director Stephen Aldersley stated, "The acquisition of Technical Glass not only extends our offering of ceramic products, it also brings enhanced competencies in ...

MTS Signs Agreement to Acquire SANS Group

info@productnews.com (ThomasNet Industrial Newsroom) — Tue, 29 Apr 2008 00:00:00 -0500

Accelerates Expansion in China EDEN PRAIRIE, Minn., April 29 - MTS Systems Corporation (NASDAQ:MTSC) today announced it has signed an agreement to acquire the assets of SANS Group (SANS), a leading provider of material testing solutions in China. The acquisition helps to accelerate MTS' strategy to grow geographically and strengthens the Company's leadership position in the worldwide materials market. The acquisition is expected to be completed by the end of September 2008. "We are very ...

Honeywell Signs Definitive Agreement to Acquire Metrologic Instruments, Innovator of Scanner ...

info@productnews.com (ThomasNet Industrial Newsroom) — Mon, 28 Apr 2008 00:00:00 -0500

Extends Presence in High-Growth Data Capture and Collection Industry Builds on Acquisition of Hand Held Products MORRIS TOWNSHIP, N.J., April 28 - Honeywell (NYSE:HON) today announced a definitive agreement to acquire Metrologic Instruments, Inc., a leading manufacturer of data capture and collection hardware and software, for approximately $720 million. The agreement is subject to customary closing conditions, including regulatory review. Based in Blackwood, New Jersey, Metrologic is a ...

Superior Plant Services Purchased by Actuant

info@productnews.com (ThomasNet Industrial Newsroom) — Wed, 23 Apr 2008 00:00:00 -0500

We are pleased to announce that Actuant Corporation (NYSE:ATU) has completed the purchase of Superior Plant Services L.L.C. in a deal worth $57 million. Actuant Corporation is a $1.5 billion diversified industrial company with operations in more than 30 countries. The Actuant businesses are market leaders in branded hydraulic and electrical tools & supplies as well as highly engineered position motion control systems Superior Plant Services L.L.C. (SPS) will be managed in part with ...

Rockwell Automation to Acquire Incuity Software

info@productnews.com (ThomasNet Industrial Newsroom) — Tue, 22 Apr 2008 00:00:00 -0500

MILWAUKEE (April 22, 2008) - Rockwell Automation, Inc. (NYSE: ROK) announced today that it has reached a definitive agreement to acquire Incuity Software, Inc., a privately held company that is a leading supplier of Enterprise Manufacturing Intelligence (EMI) software. Incuity's software provides real-time intelligence for business decision support to improve operations and reduce production waste by providing valuable management insight into a company's operations. Terms of the transaction ...

Federal Signal Completes Sale of Its Tool Group

info@productnews.com (ThomasNet Industrial Newsroom) — Mon, 21 Apr 2008 00:00:00 -0500

OAK BROOK, Ill., April 21 -- Federal Signal Corporation (NYSE:FSS), a leader in advancing security and well-being, announced today that it completed the sale of its tool group to Connell Limited Partnership. The businesses sold include Dayton Progress Corporation and its subsidiary, PCS Company. "The sale of these industrial die and mold tooling businesses concludes the divestiture of our tool group and supports our desire to tighten our strategic focus. We expect to use the proceeds to pay ...

I.D. Systems Acquires PowerKey and Launches PowerKeyPLUS(TM) Product Line for Wireless ...

info@productnews.com (ThomasNet Industrial Newsroom) — Mon, 21 Apr 2008 00:00:00 -0500

Hackensack, NJ, April 21, 2008-I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of wireless asset management solutions, today announced that it has acquired PowerKey, the industrial vehicle monitoring products division of International Electronics, Inc., a manufacturer of access control and security equipment, for $500,000. Simultaneously, I.D. Systems has launched a new wireless product termed PowerKeyPLUS(TM) targeted at the entry-level segment of the industrial vehicle management ...

This story is related to the following:
Services
Controls and Controllers
Software

Search for suppliers of: Fleet Management Systems | Access Control Systems | Asset Management Software

C.R. Laurence Continues Acquisition Strategy with Sommer & Maca Purchase

info@productnews.com (ThomasNet Industrial Newsroom) — Wed, 16 Apr 2008 00:00:00 -0500

Officials from C.R. Laurence Co., Los Angeles, a supplier to the glazing, architectural, construction, industrial, and automotive industries, announced March 25 the purchase of Sommer & Maca Industries, Cicero, Ill. Donald E. Friese, CRL's chairman and CEO, calls the deal a "perfect fit" and says it will help better the industry by providing more products and services through more local distribution facilities. "We're a niche industry. We all know each other, and in our community, we're not ...

Dover Announces the Acquisition of Neptune Chemical Pump Company

info@productnews.com (ThomasNet Industrial Newsroom) — Tue, 15 Apr 2008 00:00:00 -0500

Lansdale, PA, April 15, 2008 - Dover Corporation (DOV: NYSE) announced on Friday, April 11, 2008, its acquisition of Neptune Chemical Pump Company. Neptune is now part of Dover's newly-formed Pump Solutions Group ("PSG") within the Fluid Management segment. Terms of the transaction were not released. Neptune, based in Lansdale, Pennsylvania, is a premier manufacturer of chemical metering pumps, chemical feed systems and peripheral products. Neptune's key product lines are well known for ...

Seco/Warwick S.A. Announces Joint Venture With Allied Consulting Engineers PVT. LTD. In INDIA

info@productnews.com (ThomasNet Industrial Newsroom) — Thu, 10 Apr 2008 00:00:00 -0500

New Company to Operate as SECO WARWICK Allied Pvt. Ltd. Swiebodzin, Poland - SECO/WARWICK S.A. President, Jeffrey Boswell has announced that as of April 1, 2008 Allied Consulting Engineers Pvt. Ltd. has joined the SECO/WARWICK Group of companies and will assume the name SECO WARWICK Allied Pvt. Ltd. According to Boswell, "We are pleased to have finalized this strategic agreement in order to provide both global engineering and local manufacturing to our customers in India. SECO/WARWICK ...

Paul Mueller Company Signs Agreement to Acquire Licensee

info@productnews.com (ThomasNet Industrial Newsroom) — Thu, 10 Apr 2008 00:00:00 -0500

SPRINGFIELD, Mo., April 10, 2008 -- On April 10, 2008, Paul Mueller Company (Mueller) (Pink Sheets:MUEL) executed a definitive Share Purchase Agreement with Rollbas B.V. to purchase all of the outstanding shares of Paltrok Beheer B.V., a wholly owned subsidiary of Rollbas. Paltrok has been the European licensee of Mueller since 1988 for the manufacture and the sale of dairy farm milk coolers using Mueller designs and trademarks. In addition to milk coolers, products fabricated at the facility ...

Eriez® Acquires Complete Ownership of Eriez MBE India Limited (EMIL)

info@productnews.com (ThomasNet Industrial Newsroom) — Wed, 09 Apr 2008 00:00:00 -0500

Erie, Pa-- Eriez® announces that the company is now the sole owner of Eriez MBE India Limited (EMIL). Previously, Eriez held 60 percent of EMIL's shares and McNally Bharat Engineering, India owned the remaining 40 percent. After a mutual agreement, Eriez transferred land to McNally Bharat Engineering in exchange for the company's shares in EMIL. EMIL's manufacturing facility, which was formerly located in Bangalore, moved to Chennai earlier this year. Partha Venkatraman, Director of Business ...

Morgan Technical Ceramics Acquires Certech and Carpenter Advanced Ceramics in £73 ...

info@productnews.com (ThomasNet Industrial Newsroom) — Tue, 08 Apr 2008 00:00:00 -0500

Morgan Technical Ceramics' parent company, The Morgan Crucible Company plc, has acquired Certech and Carpenter Advanced Ceramics from US firm Carpenter Technology Corporation. The businesses have been acquired on a cash and debt free basis for a cash consideration of around US$145million (c. £73 million) and the combination of the three organisations creates one of the largest technical ceramics companies in the world. The acquisition expands Morgan Technical Ceramics' workforce to 3000 and ...

B&B Electronics Acquired By Graham Partners

info@productnews.com (ThomasNet Industrial Newsroom) — Tue, 08 Apr 2008 00:00:00 -0500

Ottawa, April 8, 2008 - B&B Electronics Manufacturing Company, headquartered in Ottawa, IL, has been acquired by Graham Partners. B&B Electronics designs, manufactures and directly markets communication products to the US and European industrial markets and has been doing so for the past 27 years. The Company's principal end customers are middle market manufacturers and utilities employing legacy industrial equipment that has not been networked or that operates on disparate technologies -- a ...

Varian, Inc. Acquires Oxford Diffraction, Ltd.

info@productnews.com (ThomasNet Industrial Newsroom) — Mon, 07 Apr 2008 00:00:00 -0500

PALO ALTO, Calif., April 7, 2008 - Varian, Inc. (NasdaqGS: VARI) announced today that it has acquired Oxford Diffraction, Ltd., a privately owned company based in Abingdon, U.K. Oxford Diffraction is a leader in x-ray crystallography, an analytical technique used by scientists in pharmaceutical research and other research laboratories to determine the structure of both small molecules and large molecules such as proteins. For crystalline compounds, x-ray crystallography is the most powerful ...

Parker Acquires Vansco Electronics; Expands Global Ability to Integrate Hydraulics with ...

info@productnews.com (ThomasNet Industrial Newsroom) — Mon, 07 Apr 2008 00:00:00 -0500

CLEVELAND, April 7, 2008 / -- Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today announced that it has acquired Vansco Electronics, a global leader in the design and manufacture of electronic controls, displays and terminals, communication and operator interfaces, and sensors. Vansco systems for mobile equipment, a primary Parker market, include key applications for agricultural, construction, material handling, bus, RV, and specialty truck ...

Industrial Distribution Group, Inc. Considers Unsolicited Acquisition Proposals

info@productnews.com (ThomasNet Industrial Newsroom) — Mon, 07 Apr 2008 00:00:00 -0500

The Company Continues Its May 1, 2008 Schedule for Special Meeting of Stockholders to Vote On Proposed Acquisition by Platinum Equity ATLANTA, April 7, 2008-- Industrial Distribution Group, Inc. ("IDG" or the "Company") (Nasdaq:IDGR), a leading nationwide supplier of maintenance, repair, operating and production(MROP) products and Flexible Procurement Solutions(TM) services to manufacturers and other industrial users, announced today that its Board of Directors has determined to consider ...

Airgas Acquires A&N Plant; Will Integrate with North American-based Red-D-Arc

info@productnews.com (ThomasNet Industrial Newsroom) — Mon, 07 Apr 2008 00:00:00 -0500

RADNOR, PA - April 7 , 2008 -- Airgas, Inc. (NYSE: ARG) today announced it has acquired A&N Plant, a European-based supplier of new and reconditioned rotating, positioning, and welding equipment for sale and rent. The business generated approximately $20 million in revenues for the year ended June 30, 2007. The acquisition, effective April 4, 2008, creates a new business unit of Red-D-Arc Limited, an Airgas company, which is the largest provider of welding, positioning, and related rental ...

Siemens VAI Strengthens Its Portfolio of Products and Services: Acquisition of Rolling Mill ...