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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.
The U.S. Census Bureau reported the combined value of distributive trade sales and manufacturers’ shipments and inventories for May increased by 28.7% from the same month in 2020.
The new PE owner of the recently formed bearings supplier will look to expand the company’s reach and capture additional market share through organic growth and acquisitions.
In 2Q, total industrial production rose at an annual rate of 5.5%, according to the Federal Reserve's latest Industrial Production and Capacity Utilization Report.
