The 2020 Mid-Year Economic Update_long

Day: April 18, 2006

Kennametal to Divest Electronics Business

Kennametal Inc., Latrobe, PA, has signed a definitive agreement with KPAC LLC to divest Kennametal’s Kemmer Praezision Electronics business. Kemmer Praezision manufactures and markets tungsten carbide consumable tools for the printed circuit board market. The disposition of this business is in line with Kennametal’s recently announced intention to accelerate its manufacturing rationalization opportunities and its …

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Parker Hannifin Acquires Stake in Kuroda Pneumatics

Parker Hannifin Corporation, Cleveland, OH, has acquired 70 percent of the shares of Japan-based Kuroda Pneumatics Ltd., a wholly owned subsidiary of Kuroda Precision Industries Ltd. Kuroda Pneumatics employs 150 people and had 2005 sales of approximately $50 million.“This transaction strengthens Parker’s automation business capabilities to better serve the Japanese marketplace,” said Roger Sherrard, president …

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Grainger Reports First Quarter Results

the costs associated with the SAP implementation.Acklands-Grainger Branch-based segmentBeginning with the first quarter 2006, Grainger is reporting its Canadian branch-based business as a separate segment. Acklands-Grainger is Canada’s leading broad-line distributor of industrial, automotive fleet and safety supplies, serving customers through 164 branches and five distribution centers across the country.Sales for the quarter of $139 …

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