The 2020 Mid-Year Economic Update_long

Day: January 6, 2020

Old milling cutting tool with carbide insert. Metal processing with carbide drills and cutters. Heavy industry tool in factory.

North American Tool Names Director of Manufacturing

North American Tool Corporation, South Beloit, Illinois, has named Steve Mayse as director of manufacturing. Mayse will be responsible for developing and implementing operational strategies to strengthen and grow the company’s manufacturing performance at North American Tool Corporation, a provider of special taps, thread mills, dies and gages to industrial markets, and Allen Benjamin Inc., …

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the inside of an open furnace

Sandvik Acquires Thermaltek

Swedish manufacturer Sandvik (STO: SAND), has acquired privately owned Thermaltek Inc., a manufacturer of high temperature furnace systems and metallic heating elements headquartered in North Carolina. Terms of the acquisition were not disclosed. “Through this acquisition we add further strength to our leading position in industrial heating, a strategically important growth area for our Kanthal division within Sandvik Materials Technology,” …

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Anixter company sign in front of office

WESCO Still in Hunt for Anixter International

Disclosure: This blog’s author, MDM VP Sales, Analytics  & e-Business John Gunderson, was part of the management team at HD Supply from 2011 to 2013 when they were owned by a group of private equity backers, including Clayton, Dubilier & Rice, prior to becoming a publicly-traded company. He remained at HD Supply and was on the leadership …

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