The index now stands at 106.93, up from 106.59 in December.
Posts By MDM Staff
Aclara's business units will be managed under Hubbell's Power segment.
Year-to-date, sales were up 16.9 percent over last year.
The sale includes the company's pharmaceutical and medical products distribution business in China.
The sale to Husqvarna Group was announced in December.
Haberbosch replaces Don Fritzinger, who will remain as CEO of the organization.
Introducing pricing at the C-suite level can help ease transitions
The business will become part of the service division in the mining and rock excavation technique business area.
Fourth quarter sales increased 13.2 percent year-over-year.
PMI was down 0.2 percent from December.
Construction spending up 0.7 percent from November.
Annualized growth through December is 5.3 percent.
The company will continue operating under the Smith Industrial Rubber and Plastics name.
The company will be added the ParkOhio's Forged and Machined Products Group.
The acquisition strengthens NEFCO's foothold in the Mid-Atlantic states.
