Based in Lysaker, Norway, Hybrid Energy AS is a provider of high-temperature energy management solutions.
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It’s being described as a hostile takeover attempt after previous offers from Emerson were rebuffed.
The two companies misclassified 1,400 drivers as independent contractors from 2012 to 2020.
It marks the end of the iconic "Stan the STAFDA Man" logo that served as the face of the association since 1977, though the new look is fairly similar.
After reaching its highest total in three years in October, U.S. cutting tool consumption fell in November, but increased year-over-year.
The acquisition of Industrial Service Products expands Ohio-based Triad's presence in Illinois.
DeeTag is a manufacturer and distributor of hydraulic hose and fluid power connections.
Descartes' purchase includes potential performance-based consideration.
They mark the fourth and fifth bolt-ons for MSC in a 19-month span.
The acquisition is expected to close in the first quarter of 2023.
The drop in factory orders followed three consecutive monthly increases.
PJ Wiseman has been a distribution partner of Morse for over 30 years.
Year-to-date orders for manufacturing technology orders dropped below 2021 for the first time in 2022, according to AMT's latest monthly report.
Started in a vacant basement, 84 Lumber has expanded to become the United States' largest privately-owned building materials distributor.
Marc Strandquist has joined the industrial distributor as EVP of its Fastening Solutions Division.
The industrial supplies redistributing platform announced three key changes to its sales team for the new year.
Sonepar is off to a fast start in 2023, having already made two acquisitions in the new year.
The cuts are nearly double the 10,000 layoffs Amazon said it was targeting in November.
After its offers to buy all of SPX Flow were rejected, Ingersoll Rand has instead acquired the company's air treatment business.
Masonite and Endura have been partners for more than 25 years in the door industry.
