Acquisition strengthens gearless mill drive system business.
Day: July 30, 2013
Stock expects the price to be between $16 and $18 per share.
The HD Supply business adds a new location and expands a facility.
Distribution & transmission sales were up 66 percent.
The increase was primarily driven by strong crane segment sales.
The company completed the sale of its specialty paper business during the quarter.
Year-over-year gains spread to more parts of the country.