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Altra Holdings, Inc., Quincy, MA, has agreed to buy power-transmission product manufacturer TB Wood's Corporation, Chambersburg, PA, for $24.80 a share.
TB Wood's, with sales of $118.9 million in 2006, will become a fully owned subsidiary of Altra.
“TB Wood's is a great fit with the existing Altra platforms and meets our disciplined acquisition philosophy perfectly, said Michael L. Hurt, chairman and CEO of Altra. “The acquisition of TB Wood's broadens our growing coupling product line and adds engineered belted drive systems as well as adjustable speed electronic drives and systems to our product portfolio."
TB Wood's offering of elastomeric couplings fills a gap for Altra and will expand engineered coupling revenues by more than 50%. ...
Taken from Statistics Canada
Canadian manufacturers ended  ; 2006  ; on a positive note as factory shipments increased for the second month in a row in December, thanks to strength in the transportation equipment sector.
The year-end rally was not enough to offset several months of weak performances earlier in the year. As a result, total shipments for  ; 2006  ; as a whole edged down  ; 0.6% to  ; $587.4  ; billion from the peak level in  ; 2005.
December's increase was widespread, with  ; 13  ; sectors representing  ; 74% of total output improving. On a monthly basis, factories shipped goods worth an estimated  ; $49.7  ; billion in ...
Full year 2006 sales at Barnes Distribution were $526.9 million, up 16% from $453.8 million in 2005.
Fourth quarter 2006 sales at Barnes Distribution were $141.6 million, up 26% from the same period last year. Driving the fourth quarter 2006 sales growth were broad-based increases in Barnes Distribution North America, including double-digit increases in ...
December U.S. manufacturing technology consumption totaled $321.35 million, according to The Association For Manufacturing Technology and the American Machine Tool Distributors' Association. This total, as reported by companies participating in the USMTC program, was down 6.9% from November, and down 0.5% from the total of $322.81 million reported for  ; December 2005. With a year-end total of $3,889.75 million, 2006 was up 26.8% compared with 2005.
These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTC program.
2006 was an exceptional year, with the highest U.S. consumption since 2000, says John B. Byrd III, AMT President. Growth should continue in 2007, at a more modest pace, as ...
Saint-Gobain's Building Distribution Sector has acquired Galvano Groothandel BV (the Netherlands), Schulte Tiefbau (Germany) and four companies belonging to the Norman group (Channel Isles).
Galvano Groothandel BV is a plumbing-heating wholesaler in the Netherlands. With estimated sales of 84 million euros in 2006, the company has 177 employees. Through this acquisition, Saint-Gobain Building Distribution establishes a foothold on the Dutch distribution market for plumbing-heating products and strengthens its European Division dedicated to this market.
Germany's specialist civil engineering distributor, Schulte Tiefbau operates 13 branches specializing in water supply. With sales of 62 million euros ...
Fourth quarter 2006 volume, as anticipated, reflected the typical year-end slowdown, exacerbated by high inventories in a variety of products throughout the supply chain," said CEO Neil S. Novich. "Additionally, this excess industry-wide inventory, coupled with an extraordinary run up in stainless steel prices, due to nickel surcharges (up an average of about $700 per ton from the third ...
Ferguson has acquired Grif-Fab Corporation, a distributor and fabricator of fire protection systems with three locations in Colorado, Arizona and New Mexico. In the year ended Nov. 30, 2006, Grif-Fab had revenue of $28.3 million.
UK-based Wolseley plc, Ferguson's parent company, has recently made three other bolt-on acquisitions in addition to the Grif-Fab buy. The four in total will add 29 million pounds, or $37.7 million, to annual revenues.
Since Aug. 1, 2006, Wolseley has made 33 acquisitions in Europe and North America totaling 342 million pounds, or $458 million.
Watsco, Inc., distributor of air conditioning and heating products, reported sales of $1.8 billion in 2006, a 7% increase from 2005. Profit was $82.4 million.
Fourth-quarter sales were $388 million.
  ; “2006 was one of enormous change as virtually half the products we sell were transitioned to new families of higher-efficiency products. We expect these new products to provide a unique and sustainable sales opportunity for us given consumers' high degree of sensitivity and focus on energy costs, President and CEO Albert H. Nahmad said.
The Watsco network expanded by 28 locations in 2006, including locations opened to enhance local service and locations acquired adding new customers, products and market share. Revenues contributed by new ...
According to recent news reports, St. Gobain has put its abrasives unit up for sale. Forbes reported that AFX News carried the news, but St. Gobain would not comment on the possible sale.
St. Gobain's abrasives unit had 2005 sales of 1.4 billion euro, 4% of the Group's total.
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