3M will acquire Sumitomo Electric Industries' 25 percent stake in the joint venture.
July 16, 2014
Albemarle will pay $6.2 billion for outstanding shares of the chemical manufacturing company.
Increase driven by indexes for final demand services and goods.
Industrial sales grew 11.6 percent in the quarter.
Organic sales fell 3 percent in second quarter.
Sales increases in Ontario drove most of the gains.
New facilities will support Fergusons metro New York and Northeast branches.
The ISA Manufacturer Index grew in July.