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Cutting tool consumption also decreases compared to prior month.
Capacity utilization decreased 0.4 percent to 75 percent.
Industrial production down 0.3 percent in the EU28.
Index increases 3.6 points to 98.4 for the month.
Sales of durable goods up 2.5 percent from the previous year.
New location in Williston, ND, expands company's footprint.
Year-to-date, orders are down 5.6 percent.
Acquisitions will broaden international footprint in multiple categories.
Company expects $120 million to $130 million in annual savings.
Acquisition adds products and capacity for company.
