Private equity firm Industrial Opportunity Partners has invested in Carlson Systems Holdings Inc. and its subsidiaries Carlson Systems LLC and Mid-Atlantic Fasteners LLC. The transaction is a recapitalization of the family-owned company.
Private Equity Firm Invests in Carlson Holdings Read More »
Grainger, Chicago, IL, has named Sean O’Brien as of president, Acklands-Grainger Inc., Grainger’s Canadian subsidiary. O’Brien’s new responsibilities include oversight of the Canadian business operations which had revenues of $728 million (C$773 million) in 2008. O’Brien succeeds and reports to Court D. Carruthers who became senior vice president and president, Grainger International, in March of this year.
“Sean’s energy and experience will help drive continued success in the Canadian maintenance, repair and operating supplies (MRO) market,” said Carruthers. “We have …
Grainger Taps O’Brien to Head Acklands-Grainger Read More »
The Timken Company, Canton, OH, will expand its product offerings in Asia through a five-year collaboration agreement reached with Nagoya, Japan??s Daido Steel Co. Ltd. Under the agreement, Daido will manufacture specialty steel products according to Timken specifications for industrial customers throughout Asia.
??This is a fast-track approach to accelerate the growth of our steel business while building the Timken brand further in Asia,?? said Salvatore J. Miraglia Jr., president of Timken??s Steel Group. ??It will allow us to capitalize on more of the growth opportunities we see in the Asian market, bringing all of the technical expertise Timken is known for, with the added advantage of Daido??s state-of-the-art manufacturing facilities in the region. For customers in Asia, this local proximity is most desirable and necessary to ensure timely, reliable service.”
This is the second collaboration between Timken and Daido.
Timken Enters Agreement with Japanese Steelmaker Read More »
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