December 11, 2006

The Timken Company, Canton, OH, has sold its Latrobe Steel subsidiary in Latrobe, PA, to a group of investors led by the Watermill Group, Hicks Holdings and Sankaty Advisors for $215 million in cash.  “We are taking actions across our portfolio to increase the ability to generate consistent profitable growth,” said James W. Griffith, Timken […]

Samuel, Son & Co., a steel distributor in Ontario, Canada, will buy Portland-based ESCO Corp.’s stainless-steel distribution business, The Engineered Metals Group. ESCO Corp., a global manufacturer, wants to focus on its core business of making industrial metal parts.EMG is an independent distributor of commodity, processed and engineered stainless steel products in the Western U.S.The

The Power Transmission Distributors Association (PTDA) released the September trend data for distributors and manufacturers of power transmission/motion control (PT/MC) products.In September, U.S. distributors’ year-to-date sales of PT/MC products rose 10.9% as compared to sales for January through September 2005.  Sales decreased 1.6% over the previous month and were up 9.4% as compared to September

Sales. October 2006 sales of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations and trading-day differences but not for price changes, were $327.8 billion, down 0.5 percent* from the revised September level, but were up 5.9 percent from the October 2005 level. The September preliminary estimate was revised downward $2.2

October U.S. manufacturing technology consumption totaled $368.62 million, according to AMT – The Association for Manufacturing Technology, and AMTDA, the American Machine Tool Distributors’ Association. This total, as reported by companies participating in the USMTC program, was down 9.9% from September, but up 41.4% from the total of $260.60 million reported for October 2005. With