August 11, 2009 - Modern Distribution Management

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August 11, 2009

Timken India Signs Agreement with Indian Seals Manufacturer

Finance, Free, Mergers & Acquisitions, News, Power Transmission/Motion Control/Fluid Power, Subscriber Only, Top Distributor Sectors /

Timken India Ltd., Bangalore, India, a segment of The Timken Company, Canton, OH, has signed a marketing agreement with India’s Spareage Seals Limited, allowing Timken to offer Spareage’s complete range of oil seals to customers and distributors throughout India.

The oil seals will be used in applications across a range of industries including the metals, energy, cement, mining and geardrive market sectors.

Through the agreement Timken will source a line of oil seals from Spareage to serve the Indian market. The product line complements Timken’s existing friction-management solutions and is expected to create value for both …

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Manufacturing Barometer: Less Pessimism Among Industrial Manufacturers

Economic Trends, Free, News, Research & Analytics, Subscriber Only /

The latest edition of the PricewaterhouseCoopers LLP Manufacturing Barometer reports less pessimism among U.S.-based industrial manufacturers over the US and global economies, according to the second quarter report. While a majority of survey respondents continued to view the U.S. and global economies as declining in the second quarter of 2009, their overall outlook through the second quarter of 2010 shows improvement.

In the prior four quarters, an overwhelming majority of respondents viewed the US and world economies as declining. However, the outlook began to shift in Q2 with a 30 point drop to 63% of industrial manufacturing executives maintaining that the US economy is in decline. Similarly, 66% of respondents doing business abroad continued to view the world economy as declining …

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Distressed M&A Deals Grow In Volume

Finance, Free, Mergers & Acquisitions, Subscriber Only /

Distressed-debt deal values are growing at a pace close to double that in 2008, according to a report in the Wall Street Journal. Such deals occur when banks exchange debt for ownership in the companies, and according to the article, which cites Dealogic, are happening in all industries. One quote in the article: "The new cliché among restructuring professionals: Bankruptcy is the new M&A."

I recently spoke with a few investment bankers and private equity professionals focused on the distribution industry for the article M&A Market Shows Signs of Life in the latest issue of MDM. …

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