The 2020 Mid-Year Economic Update_long

Day: June 1, 2007

Grainger’s Lab Safety Supply Acquires Fastener Distributor

Grainger, Chicago, IL, industrial distributor, announced its Lab Safety Supply subsidiary has acquired McFeely's Square Drive Screws, Lynchburg, VA. McFeely's, with sales of $9 million in 2006, is a business-to-business direct marketer of specialty fasteners, hardware and tools for the professional woodworking industry.

&nbsp ;
This acquisition will enable LSS to further penetrate the woodworking and construction markets," said Chairman and CEO Richard Keyser.
&nbsp ;
McFeely's will be marketed as an independent brand by LSS. It serves more than 70,000 customers including woodworkers, handymen, home improvement professionals, construction companies and cabinet makers.
&nbsp ;
Grainger had 2006 sales of $5.9 billion. It has 600 branches, 18 distribution centers ...

Radiac Abrasives Acquires Bates Abrasives

Radiac Abrasives, Salem, IL, has purchased Burlington, WA-based Bates Abrasives, Inc. Bates Abrasives, a full-line, resin-bonded cut-off and grinding wheel manufacturer will continue to be run by previous owner and CEO, Paul Anderson. The company employs 55 people.
&nbsp ;
The company will retain the Bates brand name with rough grinding target markets including forestry, natural stone, steel mills, foundries and metal fabrication. In addition to cut-off and grinding wheels, the company manufactures organic surface grinding segments, cylinders, nut-inserted disc wheels, flaring cups and cones and plugs.&nbsp ;

Radiac Abrasives is a manufacturer of bonded abrasive and superabrasive grinding ...

Trelleborg Buys North American Precision Seals Company

Trelleborg, Stockholm, Sweden, through the Trelleborg Sealing Solutions unit, has acquired precision bearing and sealing devices company Hydro-Components Research & Development Corporation, Streamwood, IL. The company employs 80 and has annual sales of SEK 50 million (US$7.2 million).
&nbsp ;
HCRD manufactures high-precision components, focusing on large diameter seals and bearings.
&nbsp ;
The acquisition helps Trelleborg expand in North America within the heavy duty vehicle segment.
&nbsp ;
Trelleborg Sealing Solutions has annual sales of SEK 5.4 billion (US$778 million). It has production units in Brazil, Canada, China, Denmark, France, India, Italy, Japan, Malta, Mexico, Poland, Sweden, the UK and the U.S.
&nbsp ;
Trelleborg is a global industrial group ...

Manufacturing Expands Again in May

Economic activity in the manufacturing sector expanded in May for the fourth consecutive month, while the overall economy grew for the 67th consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business.
&nbsp ;
The PMI rose to its highest level in the past 12 months. Both the New Orders and Production Indexes indicated growth. The ISM Inventories Index indicates that manufacturers are now in their 10th month of inventory reduction. A major concern of respondents is the rate of price increases covering a wide variety of ...

Praxair Acquires Wilson Welding

Praxair Distribution, Inc., a subsidiary of Praxair, Inc., Danbury, CT, has acquired Wilson Welding & Medical Gases of Warren, MI. Wilson is a distributor of industrial, medical, specialty gases and related equipment and supplies.
&nbsp ;
Wilson operates a cylinder filling plant and retail store in Warren, retail stores in Macomb and Pontiac, and a beverage CO2 business in Flint, Michigan. The business generated sales of $20 million in 2006 and has 72 employees.
&nbsp ;
Praxair, Inc. is a global industrial gases with 2006 sales of $8.3 billion. The company produces, sells and distributes atmospheric and process gases, and high-performance surface coatings. Praxair products, services and technologies bring productivity and environmental benefits to a wide variety of ...

Social Media Auto Publish Powered By : XYZScripts.com