Day: February 26, 2007

Sweden-based AxIndustries Acquires AB Sverull

Stockholm, Sweden-based AxIndustries has acquired AB Sverull, a distributor of bearings, transmissions and seals, also based in Sweden.


Sverull has annual sales of SEK 125 million with more than 45 employees&nbsp ; at offices in five cities.


After the acquisition, AxIndustries will have annual sales of more than SEK 600 million in bearings, transmissions and seals. It has mroe than SEK 1.1 billion in sales overall. AxIndustries is a part of Axel Johnson International.


Sverull will continue to be run as an independent company in AxIndustries.


More Breaking ...

Airgas to Raise Prices

Higher electricity and energy prices, as well as metals prices, have led Airgas, Inc., Radnor, PA, to increase prices on packaged and bulk gases, and other products.


&nbsp ;


We are facing rising costs, even though the escalation of the past year has moderated, said Airgas Chairman and CEO Peter McCausland.


&nbsp ;


Prices will increase, on average:




  • 10%-15% for packaged and bulk industrial gases, including oxygen, nitrogen, and argon; acetylene and other fuel gases; specialty gases; process chemicals and rare gases; medical gases; nitrous oxide, carbon dioxide, hydrogen, and dry ice;


  • 15%-25% for helium

Effective immediately, Airgas also will raise rental rates for cylinders and bulk tanks ...

USG to Buy California Wholesale Material Supply for $280M

USG Corp, Chicago, IL, announced its specialty distribution subsidiary, L & W Supply, will acquire California Wholesale Material Supply Inc. for $280 million.


&nbsp ;


California Wholesale Material Supply is a distributor of building materials with annual sales of $600 million. It has 30 locations in seven Western states and Mexico and nearly 900 employees.


&nbsp ;


The acquisition is expected to help USG enhance L & W's reach on the West Coast and in the Southwest.


&nbsp ;


L & W Supply contributes about $2.5 billion to USG's annual sales.


&nbsp ;


USG also announced it would build a new plant in northern California to manufacture about 1 billion square feet of SHEETROCK ...

Industrial Production Falls 0.5% in January

Industrial production decreased 0.5 percent in January after an increase of 0.5 percent in December. Output in the manufacturing sector declined 0.7 percent in January; about one-half of the decrease was a result of a drop of 6 percent in motor vehicles and parts.


The output of utilities rebounded 2.3 percent, as temperatures moved back toward seasonal norms, while the output of mines moved down 1.2 percent. At 111.9 percent of its 2002 average, overall industrial output for the month was 2.6 percent above its January 2006 level.


The rate of capacity utilization in January fell 0.6 percentage point, to 81.2 percent. Even so, it was 0.1 percentage point above its year-earlier level and 0.2 percentage point above its 1972-2006 average.


Market ...