ThomasNet News is a service of ThomasNet.com http://news.thomasnet.com Thu, 26 Nov 2009 00:43:55 -0500 FeedCreator 1.7.1 http://news.thomasnet.com/images/header/TN_News_footer.gif http://news.thomasnet.com 129 38 ThomasNet News is a service of ThomasNet.com http://news.thomasnet.com/companystory/830784 HOUSTON, Nov. 18 - Cameron (NYSE:CAM) has closed on its acquisition of NATCO Group Inc., following the approval of the previously announced merger agreement by NATCO's shareholders at a special meeting held earlier today. NATCO shareholders received 1.185 shares of Cameron common stock in return for each share of NATCO common stock held, and will receive cash reflecting the value of any fractional shares. Cameron has issued approximately 23.7 million shares related to this ... info@productnews.com (ThomasNet News) Wed, 18 Nov 2009 00:00:00 -0500 http://news.thomasnet.com/companystory/830763 HOUSTON, Nov. 17 -- Cameron (NYSE:CAM) has reached an agreement with the Department of Justice that will allow the Company to close on its previously announced acquisition of NATCO Group Inc. Under the agreement, Cameron will divest its Edge(TM) refinery desalter business and will license, on a non-exclusive basis, NATCO's DUAL FREQUENCY® electrostatic technology for refinery desalter products. The combined revenues of these businesses would have represented less than two-hundredths of one ... info@productnews.com (ThomasNet News) Tue, 17 Nov 2009 00:00:00 -0500 http://news.thomasnet.com/companystory/830698 DELAWARE, Ohio, November 13 - Greif, Inc., (NYSE: GEF, GEF.B) has acquired privately held Hannells Industrier AB. With operations in Scandinavia, the company manufactures plastic drums, jerricans and pails; steel drums; and intermediate bulk containers for customers primarily in the chemical, petrochemical and paint industries. Terms of the purchase were not disclosed. Greif expects the earnings from the acquisition to be accretive to its 2010 fiscal year, which began Nov. 1. "Hannells ... info@productnews.com (ThomasNet News) Fri, 13 Nov 2009 00:00:00 -0500 http://news.thomasnet.com/companystory/568633 Northvale, NJ - ADM Tronics Unlimited, Inc. has announced that it has acquired all of the assets of Antistatic Industries of Delaware, Inc. Since its founding in June of 1990, Antistatic Industries has been developing and distributing proprietary conductive paints, coatings and other products and accessories which can be used by computer, pharmaceutical and chemical companies to prevent, reduce or eliminate static electricity. Many industries are concerned with static electricity as it can ... info@productnews.com (ThomasNet News) Wed, 11 Nov 2009 00:00:00 -0500 http://news.thomasnet.com/companystory/830528 Guthrie, OK-- The Autoquip Corporation has completed the acquisition of American Lifts from the Columbus McKinnon Corporation. "Weʼre pleased to announce that we have purchased the American Lifts brand. Itʼs a great fit, with tremendous synergy throughout the product lines and markets, and will benefit our customers" according to Joe Robillard, President of Autoquip Corporation. "The American Lift products have a reputation of being high quality and we are excited to merge them into ... info@productnews.com (ThomasNet News) Tue, 03 Nov 2009 00:00:00 -0500 http://news.thomasnet.com/companystory/830363 SIOUX FALLS, S.D., Oct. 27 -- Raven Industries, Inc. (NASDAQ:RAVN), today announced that the company entered into a purchase agreement to buy substantially all of the assets of Ranchview, Inc., a privately-held Canadian corporation. Financial terms were not disclosed. Subject to customary closing conditions, the transaction is expected to close within seven days. Ranchview, a start-up company, develops products that use cellular networks instead of the traditional radio systems that are ... info@productnews.com (ThomasNet News) Tue, 27 Oct 2009 00:00:00 -0500 http://news.thomasnet.com/companystory/830340 AUS Designs and Supplies Selective Catalytic Reduction (SCR) Systems toControl NOx Emissions from Gas Turbines, Boilers and Process Heaters Malvern, PA, October 26, 2009-Johnson Matthey, a global leader in controlling emissions from chemical/industrial plants and stationary gas and diesel engines, has expanded its capabilities with the acquisition of the assets of Applied Utility Systems, Inc. (AUS), Aliso Viejo, California, from Catalytic Solutions, Inc. AUS specializes in selective ... info@productnews.com (ThomasNet News) Mon, 26 Oct 2009 00:00:00 -0500 http://news.thomasnet.com/companystory/830332 The Kistler Group acquired KT Automotive GmbH based in Munich, Germany, in an all-stock transaction on 22 October 2009. This makes Kistler a leading provider of crash measurement systems. KT Automotive GmbH develops, manufactures and sells data acquisition systems for crash tests. The company's market share of about 70 % makes it the world's leading provider of such solutions. Its spectrum of products is enhanced by matching services and support ex-tending through to complete responsibility ... info@productnews.com (ThomasNet News) Fri, 23 Oct 2009 00:00:00 -0500 http://news.thomasnet.com/companystory/830287 Technic Equipment Division is pleased to announce that it has purchased selected assets of Metfab Technologies, Inc.. In particular Metfab's intellectual property related to reel-to-reel electroplating and electropolishing equipment is being transferred to Technic. As part of the transaction, several key personnel will also join Technic. Paul Scorpio, formerly VP of Operations at Metfab will take on the position of Reel-to-Reel Technology Director. Stu Raifman, formerly VP of Sales and ... info@productnews.com (ThomasNet News) Wed, 21 Oct 2009 00:00:00 -0500 http://news.thomasnet.com/companystory/830232 LEHIGH VALLEY, Pa., Oct. 19 -- Air Products (NYSE: APD) today signed an agreement to sell its polyurethane pre-polymers business, marketed under the Airthane® and Versathane® tradenames, to COIM USA Inc., a fully owned subsidiary of global polyurethane chemicals producer COIM SpA. Also included in the deal is Air Products' manufacturing facility in Paulsboro, N.J. Terms of the deal are not being disclosed. "We are pleased to reach an agreement for our polyurethane pre-polymers business with a ... info@productnews.com (ThomasNet News) Mon, 19 Oct 2009 00:00:00 -0500 http://news.thomasnet.com/companystory/830189 Acquisition of Solel Solar Systems for about USD418 million Munich, Germany, October 15, 2009 Siemens AG is to acquire the solar thermal power company Solel Solar Systems Ltd. To date, the majority stake has been held by Ecofin Ltd., a London-based investment firm, and another major shareholder. "After the rapid and highly successful expansion of our wind power business, we now want to continue this success story in the solar sector. With the acquisition of Solel, Siemens can now strengthen ... info@productnews.com (ThomasNet News) Thu, 15 Oct 2009 00:00:00 -0500 http://news.thomasnet.com/companystory/830171 Shark-Fin Grading System sold to Redwood Plastics Corporation Langley, BC, October 14, 2009 -Redwood Plastics Corporation, a member of Prisma Plastics International has purchased the Shark Fin Board Turning System including trademarks, patents, assets and websites (www.sharkfinsystems.com & www.boardturner.com) from SGM Holdings Inc. Redwood Plastics has been a long term licensee of the Shark Fin technology and has over 13 years experience with the system. The Shark Fin System is a patented ... info@productnews.com (ThomasNet News) Wed, 14 Oct 2009 00:00:00 -0500 http://news.thomasnet.com/companystory/830175 CHICAGO, Oct. 14 - Grainger (NYSE:GWW), North America's leading broad line distributor of facilities maintenance products, today announced it has signed and closed an all cash acquisition of Imperial Supplies, LLC from American Capital, Ltd. (NASDAQ:ACAS). No other terms of the agreement were disclosed. Grainger anticipates the transaction should be accretive to earnings by $.03-$.05 a share in 2010 including product and transportation cost savings. Imperial is a national distributor of ... info@productnews.com (ThomasNet News) Wed, 14 Oct 2009 00:00:00 -0500 http://news.thomasnet.com/companystory/830140 ST. MICHAEL, Minn. (October 12, 2009) - Waterjet manufacturer Jet Edge, Inc. of St. Michael, Minn., is pleased to announce that it has acquired Calypso Waterjet Systems of Dallas, Texas. Founded in 1992, Calypso Waterjet Systems had been a world-leading manufacturer of waterjet cutting systems prior to its departure from the water jet industry in early 2009. Calypso products include waterjet cutting machines, abrasive removal, closed loop water, and automatic height sensing systems; nesting ... info@productnews.com (ThomasNet News) Mon, 12 Oct 2009 00:00:00 -0500 http://news.thomasnet.com/companystory/830062 PALO ALTO, Calif., Oct. 6 -- Varian, Inc. (NasdaqGS: VARI) announced that at a special meeting of stockholders held on October 5, 2009, its stockholders adopted the merger agreement entered into with Agilent Technologies, Inc., under which Agilent will acquire Varian for $52.00 per share in cash. Approximately 84% of the shares of Varian common stock outstanding as of August 12, 2009, the record date for the special meeting, voted to adopt the merger agreement. The transaction remains ... info@productnews.com (ThomasNet News) Tue, 06 Oct 2009 00:00:00 -0500 http://news.thomasnet.com/companystory/566863 Princeton, ON -Tiercel Technology Corp. today announced the acquisition of John G. Wilson Machine Limited. Terms of the transaction were not disclosed. The acquisition enables John G. Wilson Machine Limited to build on its expertise for expansion of its global client base and innovative use of technology. "This is an exciting milestone for an innovative company that has provided customers with quick turnaround, high precision components and metal assemblies since 1953, " said Bruce Seeley, ... info@productnews.com (ThomasNet News) Mon, 05 Oct 2009 00:00:00 -0500 http://news.thomasnet.com/companystory/566851 San Jose, CA -October 1, 2009- G&L Precision Die Cutting, Inc. today announced that it has been acquired by Lohmann Corporation, a 100% wholly-owned subsidiary of Lohmann GmbH & Co, KG, which was founded in 1851. It will retain its name, G&L Precision Die Cutting, but become a limited liability corporation, LLC. Collectively known worldwide as The Lohmann Group, Lohmann is one of the world's leading manufacturers of specialty adhesive tapes and high-precision die-cuts. Lohmann adhesive tapes ... info@productnews.com (ThomasNet News) Thu, 01 Oct 2009 00:00:00 -0500 http://news.thomasnet.com/companystory/830002 Johnson Matthey announced today that it has purchased the assets of Applied Utility Systems Inc. from Catalytic Solutions Inc. for US $8.5 million in cash plus US $1.5 million subject to certain contingencies. Applied Utility Systems (AUS) is located in Southern California and employs 20 people. It designs and supplies selective catalytic reduction (SCR) systems for controlling emissions of oxides of nitrogen (NOx) in a wide range of applications. These include gas turbines for power ... info@productnews.com (ThomasNet News) Thu, 01 Oct 2009 00:00:00 -0500 http://news.thomasnet.com/companystory/567073 The TMI Group of Companies continues to expand. Effective October 1, TMI has acquired the assets of RJF's KoroKlear Division. "We are excited to add KoroKlear to the TMI group. KoroKlear enjoys a great name and quality reputation in the industry. We are looking forward to working with KoroKlear's customers which will benefit from TMI's broad product offering ranging from bulk PVC film, PVC coated fabrics and flexible PVC to finished products such as strip doors and screen doors" comments Joe ... info@productnews.com (ThomasNet News) Thu, 01 Oct 2009 00:00:00 -0500 http://news.thomasnet.com/companystory/566656 Reading, Pa. -- TPC Partners, LLC, an affiliate of Archbrook Capital Management, LLC today announced it had acquired a majority interest in Tray-Pak Corporation, one of the leading manufacturers of custom thermoformed plastic packaging products. Tray-Pak serves a national customer base and employs 275 people. The acquisition marks the first major ownership transition of the company since David M. Bestwick founded it in 1975. As a majority shareholder of Tray-Pak, TPC Partners plans to work ... info@productnews.com (ThomasNet News) Wed, 30 Sep 2009 00:00:00 -0500 http://news.thomasnet.com/companystory/566481 Lasercheck® roughness gauges to enhance Schmitt's laser-based surface measurement product line Portland, Oregon - Schmitt Industries, Inc. (NASDAQ: SMIT) today announced that it has entered into a definitive agreement to acquire all the assets of Optical Dimensions®, a sole proprietorship that designs, manufactures and markets the Lasercheck® line of roughness gauges, for $100,000 cash and shares of Schmitt common stock equal in value to $100,000. The transaction is expected to close ... info@productnews.com (ThomasNet News) Thu, 24 Sep 2009 00:00:00 -0500 http://news.thomasnet.com/companystory/829867 Indium Corporation (Indium) of Clinton, NY, today announced that it has acquired the processes, equipment, and know-how of Reactive NanoTechnologies, Inc. (RNT), developer and manufacturer of NanoFoil®. Indium will move the RNT process and equipment, and a core staff, into its Utica Business Park (Utica, New York) facility. There will be minimal disruption in the RNT business operation as integration activities have already been underway. Customers will now place their orders and inquiries ... info@productnews.com (ThomasNet News) Tue, 22 Sep 2009 00:00:00 -0500 http://news.thomasnet.com/companystory/829836 Compact, ruggedized computers complement company's harsh environment expertise Eching, Germany, September 17, 2009 - Kontron, one of the leading companies of Embedded Computer Technology, further extends its global market position with the acquisition of the non-public DIGITAL-LOGIC AG, headquartered near Solothurn, Switzerland. Kontron takes over a 78 percent majority of DIGITAL-LOGIC AG, which is specialized on highly reliable and compact rugged embedded computer boards and systems since ... info@productnews.com (ThomasNet News) Thu, 17 Sep 2009 00:00:00 -0500 http://news.thomasnet.com/companystory/830622 o 78 percent stake in specialist for ruggedized computers o "Lucky Buy" expands product range in high-margin segments o Revenue and earnings growth from sales and purchasing synergies Eching, Munich, September 17, 2009. Kontron AG has acquired a majority stake in the unlisted Swiss company DIGITAL-LOGIC AG, which is based in Solothurn. As the Eching-based computer manufacturer announced today, it has acquired 78 percent of the shares in the company (EUR 15 million of annual revenue, 100 ... info@productnews.com (ThomasNet News) Thu, 17 Sep 2009 00:00:00 -0500 http://news.thomasnet.com/companystory/565781 BIRMINGHAM, United Kingdom - September 9, 2009 - Severn Trent Services has acquired P.S. Apliclor S.A., a leading supplier of water and wastewater solutions based in Barcelona, Spain. The acquisition is part of Severn Trent Services' plan to significantly grow its business in Europe. Concurrently, the company announced the appointments of a general manager for the P.S. Apliclor Division as well as a sales manager and financial controller for Spain. According to Alex Lloyd, managing ... info@productnews.com (ThomasNet News) Wed, 09 Sep 2009 00:00:00 -0500 http://news.thomasnet.com/companystory/830134 Georgetown, Mass., September 3, 2009. UFP Technologies, Inc. (Nasdaq: UFPT), a manufacturer of packaging and component products, today announced that it has purchased certain assets of Advanced Materials Group ("AMI") in Rancho Dominguez, California. AMI, a foam fabricator serving the medical market, filed for relief under Chapter 11 of the United States Bankruptcy Code on July 2, 2009. UFP's purchase of selected assets of AMI was approved by the Bankruptcy Court on September 2, 2009. "We are ... info@productnews.com (ThomasNet News) Thu, 03 Sep 2009 00:00:00 -0500 http://news.thomasnet.com/companystory/830611 Raleigh, NC/Luxembourg, September 2, 2009 - Elster Group, a technology and innovation driven world leader in smart metering and SmartGrid systems and solutions, is pleased to announce the acquisition of EnergyICT NV from its management. The acquisition is in line with Elster's strategy to continuously invest in leading world-class technology. Elster draws on its extensive experience in the sector and a range of innovative products and systems that reflect a wealth of knowledge gained from ... info@productnews.com (ThomasNet News) Wed, 02 Sep 2009 00:00:00 -0500 http://news.thomasnet.com/companystory/565434 In November 2008, Weed Instrument Co., Inc was acquired by Ultra Electronics Holdings plc. Ultra Electronics, which employs over 3,000 people worldwide, focuses on high integrity sensing, control, communication and display systems with an emphasis on integrated Information Technology solutions. The Group concentrates on obtaining a technological edge in niche markets, with many of its products and technologies being market leaders in their field. For additional information on Ultra ... info@productnews.com (ThomasNet News) Tue, 01 Sep 2009 00:00:00 -0500 http://news.thomasnet.com/companystory/829459 HOUSTON, Sept. 1 - Dresser-Rand Group Inc. ("Dresser-Rand" or the "Company") (NYSE:DRC), announced today that Dresser-Rand Company has acquired the assets of Compressor Renewal Services, Ltd. (CRS). The acquisition is consistent with Dresser-Rand's strategy of acquiring products, services, and technologies that offer access to new markets or enhance current market positions, enabling the company to expand services to its clients. Terms of the agreement were not disclosed. CRS is a highly ... info@productnews.com (ThomasNet News) Tue, 01 Sep 2009 00:00:00 -0500 http://news.thomasnet.com/companystory/829491 Includes Long-Term Hydrogen Supply Agreement to Start in 2010 LEHIGH VALLEY, Pa., Sept. 1 -- Air Products (NYSE: APD), the leading global hydrogen provider, today announced it has purchased a new steam methane reformer (SMR) hydrogen facility under construction in Corpus Christi, Texas, from MarkWest Energy Partners, L.P. (NYSE:MWE). The facility, which will produce over 30 million standard cubic feet per day, will be owned and operated by Air Products and is expected to be on-stream in ... info@productnews.com (ThomasNet News) Tue, 01 Sep 2009 00:00:00 -0500