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JGB, a portfolio company of the private equity firm HCI Equity Partners, has completed its first add-on acquisition with the addition of Toronto-based Industrial, Petroleum and Mining Supplies.
Industrial distributor is bringing a 142,000-square-foot DC to Newtown, Connecticut, in the first half of 2022.
CEO says expansion will allow BlackHawk” to reach more customer production facilities, expand products and services that end-users value, and invest in new effective sales channels.”
The company doubled its profit during the quarter as “momentum across our business continues to accelerate,” according to the CEO.
Bearing manufacturer SKF also sees sales improve 10.7% in first six months of 2021 as the company rebounds from a COVID-driven slowdown.
And housing starts are up compared to year-ago period and the previous month, according to the latest residential construction report from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
Carlisle is paying $1.6 billion to acquire Henry Co. from the private equity firm American Securities LLC.
Ingersoll Rand has confirmed that it’s made two offers to acquire SPX Flow but so far the company has rejected them.
Bartlett Bearing celebrated its 70th anniversary with an update to its brand that included new social media, a newsletter and a re-designed website.
Profit for the Swedish manufacturer Atlas Copco increased 46% over the prior-year quarter.
