Mergers & Acquisitions

Mergers & Acquisitions

L.B. Foster Completes Merger of Foster Thomas Company into Portec Rail Products, Inc.

PITTSBURGH, Dec. 29, 2010 - L.B. Foster Company ( L.B. Foster , Nasdaq: FSTR) today announced that the merger of Foster Thomas Company with and into Portec Rail Products, Inc. ( Portec ) has been effected as of December 27, 2010. Portec is now a wholly owned subsidiary of L.B. Foster. As of the close of trading on December 29, 2010, Portec's common stock will no longer be traded on the NASDAQ...

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Mergers & Acquisitions

Ferguson Acquires Summit Pipe and Supply - Grows Footprint in the Southeastern US Waterworks Market

NEWPORT NEWS, Va., Jan. 1, 2011 - Ferguson announces the acquisition of Summit Pipe and Supply Co. Inc. and Summit Pipe and Supply Company of Mississippi, Inc. (collectively, Summit ) in an asset transaction completed Dec. 31, 2010. Summit is a waterworks distributor with three locations in Northport and Wetumpka, Ala. and Jackson, Miss. Summit is a market leader with very talented associates...

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Mergers & Acquisitions

Gerber Scientific, Inc. Closes on Sale of Gerber Coburn

SOUTH WINDSOR, Conn., Dec. 31, 2010 - Gerber Scientific, Inc. ( the Company ) (NYSE: GRB) today announced that it had closed on the previously announced sale of its ophthalmic lens processing business unit, Gerber Coburn, to Coburn Technologies, Inc. for approximately $19 million, after fees and expenses. The Company said proceeds would be used to reduce its outstanding debt and for general...

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Mergers & Acquisitions

Sigma-Aldrich Acquires Cerilliant Corporation to Strengthen Its Analytical Chemistry Portfolio

ST. LOUIS, Dec. 30, 2010 - Sigma-Aldrich-® Corporation (Nasdaq: SIAL) announced today it has acquired all outstanding shares of Cerilliant Corporation of Round Rock, Texas to strengthen the Company's analytical chemistry product portfolio and to continue to deliver on its strategic growth plans. Cerilliant, a leading supplier of high quality reference standards and materials, provides products...

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Mergers & Acquisitions

SKF's Acquisition of US Based Lubrication Systems Company Approved

SKF's acquisition of Lincoln Holdings Enterprises (below referred to as Lincoln Industrial), a leading supplier of lubrication systems and tools, has now been approved by the relevant antitrust authorities. SKF pays around USD 1 billion on a cash and debt free basis for Lincoln Industrial. The acquisition is supposed to be finalized by the end of the year. Lincoln Industrial is headquartered in...

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Mergers & Acquisitions

Timken Acquires City Scrap and Salvage to Increase Supply Chain Efficiency for Its Steel Operations

CANTON, Ohio, Dec. 31, 2010 - The Timken Company (NYSE: TKR) today announced that its wholly owned subsidiary, TSB Metal Recycling LLC, has purchased substantially all of the assets of City Scrap and Salvage Co. in Akron, Ohio. City Scrap, which employs 30 people, has a longstanding relationship with Timken, supplying the company for more than 15 years as a local source of the ferrous scrap...

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Mergers & Acquisitions

FTS Completes Its Sale of Its North American Business to PAETEC

FAIRPORT, N.Y. and Herzliya, Israel December 28, 2010 PAETEC Holding Corp. (NASDAQ GS: PAET), a FORTUNE 1000 company, and FTS Ltd. (LSE: FTS), a global provider of billing, customer care and policy control solutions for communications and content service providers, announced the completion of the sale of assets and certain liabilities of Formula Telecom Solutions, Inc., a wholly-owned subsidiary...

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Mergers & Acquisitions

MasTec Announces Significant Revision and Enhancement to Nsoro Acquisition Earn-out Terms

CORAL GABLES, Fla.,Dec. 28, 2010 - MasTec, Inc. (NYSE: MTZ) today announced that it has signed an amendment which significantly improves the Company's economics in the earn-out associated with the Nsoro acquisition, MasTec's wireless infrastructure construction and maintenance subsidiary. Under the revised terms, MasTec will pay and deliver to the seller a one-time $40,000,000 cash payment plus...

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Mergers & Acquisitions

Lincoln Electric to Acquire Severstal Welding Business in Russia

CLEVELAND, Dec. 28, 2010 - Lincoln Electric Holdings, Inc. (Nasdaq: LECO) today announced that it has signed a definitive agreement to acquire OOO Severstal-metiz: welding consumables, a leading manufacturer of welding consumables in Russia and a subsidiary of OAO Severstal, one of the world's leading vertically integrated steel and mining companies. The transaction will include acquiring...

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Mergers & Acquisitions

FirstEnergy Sells 6.65 Percent Interest in Ohio Valley Electric Corporation

AKRON, Ohio, Dec. 28, 2010 - FirstEnergy Corp. (NYSE: FE) today announced that its FirstEnergy Generation Corp. subsidiary sold a 6.65 percent participation interest in the output of the Ohio Valley Electric Corporation (OVEC) to Peninsula Generation Cooperative, a subsidiary of Wolverine Power Supply Cooperative, Inc., for an undisclosed amount. The sale, which closed today and is effective...

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