February 7, 2008

Saint-Gobain Abrasives Buys Moyco

Finance, Free, Mergers & Acquisitions, News, Subscriber Only, Top Distributor Sectors / MDM Staff

Saint-Gobain Abrasives, Worcester, MA, has acquired Moyco Precision Abrasives, Inc. of Montgomeryville, PA.

From a single manufacturing facility, Moyco makes coated abrasive products for lapping, grinding and polishing. Moyco products are used in a broad range of applications. The company has 45 employees.

We are very excited about this acquisition and the technology Moyco brings to the Saint-Gobain Abrasives business,”said Mark Rayfield, vice president and general manager, Saint-Gobain Abrasives North America. “The Moyco business and technology complements our recent investment in fine grit capacity, and adds depth to our product line for automotive and many other markets.”

Saint-Gobain Abrasives makes a range of abrasives products, such as bonded …

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Total Deal Value in Transport, Logistics Down in 2007

Finance, Free, Mergers & Acquisitions, News, Subscriber Only / MDM Staff

Total transportation and logistics deal volume reached a 20-year high with 1,291 deals in 2007, toppling the prior record reached in 2006, according to Intersections, PricewaterhouseCoopers’quarterly report on M&A in the global transportation and logistics industry.

Despite the record number of deals, total deal value in 2007 experienced a significant drop to $83 billion, down from the 20-year high of $164 billion set in 2006. This was due in part to several large deals announced in 2006, including competing bids for a passenger air target and the proposed acquisition of another passenger air target, however all but one bid was eventually withdrawn.

The prevalence of large deals announced during 2006 also led to a decline in the average deal size between 2006 …

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Legrand Posts 10.5% Sales Jump in 2007

Electrical, Free, News, Subscriber Only, Top Distributor Sectors / MDM Staff

French electrical supplier Legrand reported sales were up 10.5% in 2007, with profit up 67%.

Recent acquisitions added 3.6% in growth, and variations in exchange rates, mainly the euro vs. the dollar, had a negative impact of 1.8%. In the past three years, Legrand has acquired 15 companies, including six in 2007, representing annual sales of more than half a billion euros.

In 2008, Legrand has announced the acquisition of PW Industries, a U.S. firm specialized in ceiling cable tray systems for commercial and industrial sectors. In 2007, PW Industries reported sales of $32 million.

In the U.S. and Canada, Legrand posted a 4.2% increase in sales in the second half of 2007 for a full-year increase of 1.6%. This reflected the continuation of moderate …

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Regal Beloit Sales Up 11.3% in 2007

Free, News, Power Transmission/Motion Control/Fluid Power, Subscriber Only, Top Distributor Sectors / MDM Staff

Regal Beloit Corp., Beloit, WI, reported sales for 2007 were up 11.3% to $1.8 billion, including $129.7 million from acquired businesses. Profit was $118.3 million, a 7.8% increase.

For the fourth quarter ended Dec. 29, 2007, sales were $474.7 million from $366.6 million in the same period in 2006.

In the Electrical segment, sales increased 32.9% during the fourth quarter. Included in the results for the quarter were $101.4 million of sales attributable to acquired businesses Fasco, Jakel, Alstom and Morrill.

Sales in the HVAC business, which continued to be impacted by the challenging conditions of the residential HVAC end market, decreased 8.5% from the fourth quarter of 2006.

Sales of generators increased 13.5%, paced by a 27.3% …

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February 7, 2008

Saint-Gobain Abrasives Buys Moyco

Total Deal Value in Transport, Logistics Down in 2007

Legrand Posts 10.5% Sales Jump in 2007

Regal Beloit Sales Up 11.3% in 2007

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