October 6, 2008

Precision Castparts Agrees to Buy Fatigue Technology Inc.

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

Precision Castparts Corp., Portland, OR, has agreed to acquire Fatigue Technology, Inc., Seattle, WA.

FTI manufactures split sleeves, bushings, rivetless nut plates, blind nuts and fittings.

The acquisition of FTI continues our efforts to grow and enhance our critical aerospace fastener product offering,”said Mark Donegan, CEO of Precision Castparts Corp. “The company fits squarely with all our core competency targets, and its sales are nearly 100% to the aerospace market. … We will look to leverage their expertise and knowledge base across our other fastener businesses.”

FTI’s results will be reported as part of the Fastener Products segment.

Precision Castparts Corp. is a diversified manufacturer of complex …

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Nordson Acquires Swiss Distributor

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

Nordson Corp., Westlake, OH, has acquired Wachter, Paul and Co., operator of Bigger Dosier Klebetechnik, a distributor of Nordson’s EFD brand product line.

Bigger Dosier Klebetechnik has distributed the EFD product line for 40 years. The company will become part of Nordson’s subsidiary Nordson (Schweiz) AG and will continue to function as before.

Nordson is a producer of precision dispensing equipment that applies adhesives, sealants and coatings to a broad range of consumer and industrial products during manufacturing operations. The company also manufactures equipment used in the testing and inspection of electronic components as well as technology-based systems for curing and surface treatment processes.

Nordson has more than 4,100 employees …

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Poor Economic News Starts Off the Week

Economic Trends, Free, Research & Analytics, Subscriber Only / MDM Staff

Today, the Conference Board Employment Trends Index was reported to have continued its decline in September, suggesting at least by this measure that the latest spate of job losses may not the last. The index fell in September to 108.4, down 0.8% from the August revised figure of 109.3, and down almost 10% from a year ago.

The 14-month fall in the Employment Trends Index was seen in all eight of its components, most notably over the past six months in temporary-help hires and part-time workers for economic reasons.

The Employment Trends Index aggregates eight labor-market indicators:

Percentage of respondents who say they find Jobs Hard to Get” (The Conference Board Consumer Confidence Survey)
Initial …

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Lincoln Electric Acquires 90% Stake in Brazilian Supplier

Companies, Finance, Free, Gases & Welding Equipment, Mergers & Acquisitions, News, Subscriber Only, Top Distributor Sectors / MDM Staff

Lincoln Electric Holdings, Inc., Cleveland, OH, has acquired a 90% interest in Brastak, a Brazilian manufacturer of brazing products. The company is based in Sao Paulo and has annual sales of $30 million.

The Brastak acquisition represents the expansion of our brazing product line as well as our continued expansion into developing international markets,” said John M. Stropki, Lincoln Electric CEO.

Lincoln Electric designs, develops and manufactures arc welding products, robotic arc-welding systems, plasma and oxyfuel cutting equipment. …

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Blue Line Foodservice Names New President

Free, Grocery & Foodservice Distribution, News, Subscriber Only, Top Distributor Sectors / MDM Staff

Farmington Hills, MI-based Blue Line Foodservice Distribution, foodservice systems distributor, named Matthew Ilitch as president of the company.

Ilitch has more than 30 years of combined experience at Little Caesars Pizza and Blue Line. Previously, he was vice president of Operations &Distribution for Blue Line. …

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