New distribution center is part of Motor City's strategy to expand its footprint in Michigan.
Latest In Power Transmission/Motion Control/Fluid Power
Year-to-date sales down 11.7 percent compared to same period in 2016.
Year-to-date sales up 10.8 percent year-over-year.
Acquisition expands the company's reach in New Orleans and the Southeast region.
Bearings manufacturer divesting division for $375 million.
Distribution market dynamics to undergo major continental shift.
Malinas joins ITT from Thermo Fisher Scientific.
Headquarters will remain in Stuttgart, Germany.
Acquisition to serve greater Detroit area.
Purchase increases company's portfolio of bearings and mechanical power transmission products.
Sale will also include several smaller associated businesses.
Both acquisitions to focus on northwest Indiana region.
Appointment of Jay Roueche follows Karyn Ovelmen's departure as CFO and executive VP.
David Sacher succeeds Justin Jacobi in fluid power distributor's top leadership role.
