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In The News:

MDM News Digest 4017

September 10, 2010

Lawson Products, Inc., Des Plaines, IL, has sold Assembly Component Systems, Inc. (ACS), a wholly owned subsidiary, to Supply Technologies LLC., a wholly owned company of Park-Ohio Holdings Corp.. The sale price is $19 million, consisting of $16 million of cash and a $3 million promissory note, plus the assumption of certain liabilities. More

McJunkin Red Man Corp., Houston, TX, No. 5 on MDM's list of top 40 industrial distributors, has agreed to acquire operations and assets from Dresser Oil Tools & Supply. Dresser has four branches in North Dakota and one in Tioga, MT. More

MSC Industrial Direct Co., Inc., Melville, NY, No. 13 on MDM's list of top 40 industrial distributors, announced the release of the 2010/2011 Big Book, Sept. 1, 2010. The 2010/2011 edition includes over 43,000 new customer-focused products from top industry brand names. The new catalog will be available online and in print and will contain more than 500,000 items in 40 product categories. More

3M, St. Paul, MN, has agreed to acquire Attenti Holdings S.A. from an investor group led by Francisco Partners for a purchase price of $230 million in cash. Based in Tel Aviv, Israel, Attenti is a supplier of remote people monitoring technologies. More

3M also has agreed to acquire Cogent Inc., Pasadena, CA, for $943 million. Cogent Inc., provides finger, palm, face and iris biometric systems for governments, law enforcement agencies, and commercial enterprises. More

The Timken Company, Canton, OH, has opened a new office in Jakarta, Indonesia. The new office, affiliated with the Timken Singapore Pte, Ltd. subsidiary, will serve growing demand in the region particularly from customers in the metals, mining, cement, rail, energy and power generation industries. More

Timken will increase prices on cold-drawn carbon and alloy seamless mechanical tubing by up to 30 percent, depending on the size and product specification, effective with shipments beginning on Oct. 1, 2010. Raw material surcharges will remain in effect. More

Diversified industrial manufacturer Eaton Corp., Cleveland, OH, has completed its purchase of Wright Line Holding, Inc. Wright Line provides customized enclosures, rack systems, and air flow management systems to store, power, and secure IT data center electronics. More

Distribution International, Inc., Houston, TX, has been acquired by Audax Group, Boston, MA. Audax purchased the distributor of insulation and related specialty products from private equity firm Grey Mountain Partners, Boulder, CO. More

Bunzl has acquired Cool-Pack LLC, a distributor of plastic and pulp packaging to fruit and vegetable growers in the U.S. Revenue was $51.4 million in the year ended Dec. 31, 2009.

Bunzl also acquired A.M. Supply Comércio Representação e Serviços Ltda. Based in Macaé, Brazil, A.M. Supply supplies personal protection equipment to the oil and petrochemical sectors in the state of Rio de Janeiro. More

Kaman Corp., Bloomfield, CT, announced that Steven J. Smidler has assumed the role of president of its subsidiary, Kaman Industrial Technologies Corporation (KIT). Smidler succeeds T. Jack Cahill, who retired. More

Regal Beloit Corp., Beloit, WI, has acquired Rotor B.V., Eibergen, the Netherlands. Rotor sells standard and special electric motors to a variety of industries including the marine industry, shipbuilding and offshore oil and gas. More

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