August Metalworking Orders Up 16.1% Over July
Year-to-date, however, orders have reached $2.23 billion, 12.6% lower than the first eight months of 2022.
August Metalworking Orders Up 16.1% Over July Read More »
News
Optimas to Open Fastener Manufacturing Plant in Mexico
The company said the new facility will complement existing plants and continue its near-shoring efforts to minimize supply chain risk.
Optimas to Open Fastener Manufacturing Plant in Mexico Read More »
BlackHawk Integrates Big Red, Boosting Fasteners Offering
The industrial distributor acquired Big Red Fasteners in 2022 as part of its long-term growth initiative.
BlackHawk Integrates Big Red, Boosting Fasteners Offering Read More »
Citing Progress, UAW Forgoes Additional Walkouts as Strike Enters 4th Week
According to the union president, leadership decided not to strike at a General Motors factory in Texas, but 25,000 workers remain on the picket line.
Citing Progress, UAW Forgoes Additional Walkouts as Strike Enters 4th Week Read More »
Switzerland’s Tyrolit Acquires Acme Abrasives in Michigan
Acme is a specialized abrasives manufacturer and provider based in Michigan, and is now Tyrolit’s 7th manufacturing plant in the U.S.
Switzerland’s Tyrolit Acquires Acme Abrasives in Michigan Read More »
Uber Launches Package Returns Service
The rideshare company says it will charge a flat fee of $5 for the service or $3 for its Uber One members.
Uber Launches Package Returns Service Read More »
Dover to Buy Compressors Supplier FW Murphy for $530M
Following the closing of the transaction, FW Murphy will become part of the Dover Precision Components operating unit.
Dover to Buy Compressors Supplier FW Murphy for $530M Read More »
MSC Shareholders Approve Elimination of Dual-Class Structure
The Melville, New York-based MRO product and service distributor first announced its reclassification plan in June.
MSC Shareholders Approve Elimination of Dual-Class Structure Read More »
Kodiak Acquires Don’s Appliance in Diversification Move
Don’s Appliances will continue to operate independently under the Kodiak umbrella, maintaining its brand identity and leadership team.
Kodiak Acquires Don’s Appliance in Diversification Move Read More »
SKF Inaugurates $63M Factory in Monterrey, Mexico
The bearings manufacturing facility will support SKF development in the Americas and meet customer needs as the focus on electrification increases.
SKF Inaugurates $63M Factory in Monterrey, Mexico Read More »
U.S. August Factory Orders Rose 1.2%, Beating Expectations
The month-to-month growth is a considerable rebound from July’s 2.1% decline, according to the latest Census Bureau data.
U.S. August Factory Orders Rose 1.2%, Beating Expectations Read More »
MEMA Survey Shows Layoffs, Financial Impact from UAW Strike
Nearly 30% of vehicle suppliers surveyed by MEMA have laid off some direct labor employees as a result of the UAW strike.
MEMA Survey Shows Layoffs, Financial Impact from UAW Strike Read More »
Infor Releases Enterprise Automation Solution, Developer Portal
The company says its new services will help with back-end automation and provide on-ramps for launching solutions on Infor Marketplace.
Infor Releases Enterprise Automation Solution, Developer Portal Read More »
Dakota Supply Group Opens Detroit Area Branch
DSG recently announced the grand opening of its location at 38995 Schoolcraft Road in Livonia, according to a news release.
Dakota Supply Group Opens Detroit Area Branch Read More »
Electric Supply Center Partners with NHL’s Boston Bruins
The ESC logo will ‘occupy a prominent location at top center ice for every home game at TD Garden,’ the Bruins’ home arena.
Electric Supply Center Partners with NHL’s Boston Bruins Read More »
Palmdale Oil to Acquire Florida’s Como Oil & Propane
Michael Bodine and Como’s Florida-based team will continue to lead the Como Propane Division under Palmdale.
Palmdale Oil to Acquire Florida’s Como Oil & Propane Read More »
Ingersoll Rand Acquires Firms in Canada, Slovakia
Oxywise and Fraserwoods Fabrication & Machining are being purchased for a combined, all-cash price of approximately $26 million.
Ingersoll Rand Acquires Firms in Canada, Slovakia Read More »
Report: Bain Capital Considering $7B Sale in US LBM Stake
The management consulting company is looking to run an auction process for a 49% stake, according to Bloomberg.
Report: Bain Capital Considering $7B Sale in US LBM Stake Read More »
US LBM Acquires Manning Building Supplies in Florida
Manning’s product portfolio includes lumber and trusses, along with custom doors, windows and millwork, and installation services.
US LBM Acquires Manning Building Supplies in Florida Read More »
Packaging Supplier Greif Acquires Reliance Products in Canada
The all-cash transaction — which reflects approximately 6.75x proforma adjusted EBITDA — was funded through Greif’s existing credit facility.
Packaging Supplier Greif Acquires Reliance Products in Canada Read More »
