Latest In Power Transmission/Motion Control/Fluid Power
Power management company names Christine Barman chief technology officer for its Industrial Sector.
The acquisition expands the company's presence in south Germany, Austria and Switzerland.
Companys fiscal second-quarter 2019 sales rise 26 percent to $840 million.
Ready Bearing will fill a key market for Purvis in West Texas.
Deal expands power transmission distributors reach into New York and Pennsylvania.
The company has signed an umbrella agreement with the LU-VE Group to sell parts of its air heat exchanger business.
Manufacturer says it will sell its highly engineered drives and controls systems business to an affiliate of Sun Capital Partners.
The divestment will have a positive effect on the operating result for the Swedish manufacturer in the fourth quarter.
The acquisition will form SBPs foundation in the fluid power repair and services industry.
Fourth-quarter sales increased 3.7 percent year-over-year.
Senior VP and CIO Ellen Holladay receives 2018 Wendy B. MacDonald Award
Distributor reports strong fiscal first quarter, citing double-digit acquisition-related growth.
Mobile Industries up 9.8 percent compared with the same period a year ago.
Hal Midkiff to help grow Process Pumps & Equipment business as product sales manager, company says.
Automotive Group sees 23 percent sales increase while Industrial Groups sales rise 8 percent.
HSC will operate within Motions Conveyance Solutions Group.
