Manufacturing PMI Hits Contraction for First Time in 29 Months
The industrial manufacturing barometer fell another 1.2 points from October, continuing its year-long slide.
December 1, 2022
U.S. Senate Overwhelmingly Votes to Avoid Freight Rail Strike
The rare, bipartisan legislation heads to President Biden's desk, where his expected signature would avert what NAW calls a catastrophic labor strike.
Home Depot Buys 100MW of Solar Energy to Scale Renewables Effort
The energy will generate the approximate equivalent of nearly 8% of the company's total electricity usage, The Home Depot said.
Grainger Announces New VP of Infrastructure
Jeff Whittemore joins Grainger after spending nine years with Ulta Beauty.
Nidec to Buy Italian Tool Maker Pama for $108M
Japan-based motor maker Nidec announced it will buy Italian machine tool maker Pama for approximately $108 million (roughly ¥15 billion), according to a company news release and a report from Japanese news magazine Nikkei Asia. On Nov. 30, Nidec said it passed a resolution to approve purchasing the shares of Pama and its nine affiliates. …
Standard Locknut Acquired by Private Equity Firm
Minnesota-based private equity firms Tonka Bay Equity Partners and Northstar Capital partnered to invest in Standard Locknut.
ERIKS North America Hires New CFO
David Brown joins ERIKS with more than 15 years of senior leadership experience and 25 years of financial roles in accounting and finance.
Airgas to Open Nevada Distribution Center
The company said it will open the new center in Henderson to serve customers and retail branches in Western U.S. states.
