The 2020 Mid-Year Economic Update_long

Day: February 27, 2007

Barnes Group Inc. Acquires Di-Dro Manifold Systems Line

Barnes Group Inc., Bristol, CT, has acquired the assets of the Di-Dro Manifold Systems product line from Di-Dro Systems Inc. The Di-Dro Manifold System product line will be integrated into Barnes Group Inc.'s Associated Spring business segment.


The Di-Dro Manifold System product line is complementary to Associated Spring's Nitrogen Gas Spring Manifold System product line. The addition of the Di-Dro Manifold System product line expands the company's reach in high-quality gas springs for use in diverse industrial applications requiring high force and/or compact dimensions. Applications range from tool and die manufacturers, to industrial robots, to dump trucks to waste compressors around the world.


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SKF to Acquire Asian Manufacturer

SKF has agreed to acquire ABBA Linear Tech Co., Ltd., an Asian manufacturer of profile rail guides, based in Taiwan.


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The ABBA Group has annual sales of about MSEK 250. It is headquartered in Taipei, Taiwan and has facilities in Taiwan and in China.


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With the addition of ABBA's product range, SKF is reinforcing its position in linear guides. The acquisition is in line with the SKF Group's strategy to strengthen its different technology platforms and to grow in Asia.


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ABBA will be part of the SKF Actuation & Motion Control business unit within the Industrial Division.


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HD Supply White Cap Agrees to Buy GSI

HD Supply White Cap Construction Supply, a business of HD Supply, has agreed to acquire GSI General Materials LLC, a distributor of concrete accessories, forming systems and fabricated rebar.


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GSI operates two North Carolina facilities and two South Carolina locations, and employs 72.


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HD Supply White Cap Construction Supply is the construction supply business unit within The Home Depot's HD Supply Division, a distributor of specialty hardware, tools and materials targeting construction contractors.


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With the addition of GSI General Materials, HD Supply White Cap Construction Supply will operate 160 branches in 27 states.



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New Orders for Manufactured Goods Down in January

New Orders
New orders for manufactured durable goods in January decreased $17.1 billion or 7.8 percent to $203.9 billion, the U.S. Census Bureau announced in a preliminary release. This followed two consecutive monthly increases including a 2.8 percent December increase. Excluding transportation, new orders decreased 3.1 percent. Excluding defense, new orders decreased 7.8 percent.

Shipments

Shipments of manufactured durable goods in January, up five of the last six months, increased $0.5 billion or 0.2 percent to $211.4 billion. This followed a 0.5 percent December increase.

Unfilled Orders

Unfilled orders for manufactured durable goods in January, up twenty of the last twenty-one months, increased $1.0 ...

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