The 2020 Mid-Year Economic Update_long

Day: May 29, 2007

Private Equity Firm Buys Mark IV’s Fluid Handling Unit

Sun Capital Partners, Inc., Boca Raton, FL, private investment firm announced that one of its affiliates has acquired the automotive OEM fuel and fluid handling operations of Mark IV Industries, Inc., Amherst, NY/Airasca, Italy, which will operate under the name, Fluid Routing Solutions, Inc.
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FRS designs and manufactures highly-engineered fluid and fuel handling systems from six facilities in Florida, Michigan, South Carolina, Tennessee and Quebec. Products are sold to original equipment automotive manufacturers serving customers in North America, Europe, South America, Asia and the Pacific regions.
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Fuel system products include fuel filler assemblies, evaporation canisters, and coolant hoses primarily for original equipment channels. Fluid handling ...

Columbus McKinnon Sales Grow 6% in Fiscal 2007

Columbus McKinnon Corporation, Amherst, NY, manufacturer and marketer of material handling products, reported sales for its fiscal year 2007 ended on March 31, 2007, were $589.8 million, up 6.1%. Sales in the fourth quarter were 4156.9 million, up 6.8% from the year-ago period.
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Net income for fiscal 2007 was $34.1 million, compared with $59.8 million for fiscal 2006.
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Profit in the fourth quarter was $11.1 million, compared with $47.8 million in the same period a year ago. Profit in fiscal ...