Latest In Power Transmission/Motion Control/Fluid Power
Total company sales grew by 10 percent.
Profit for the Swedish manufacturer rose 29.2 percent for the year.
The addition will enable Allied to provide a fully integrated steering system solution.
Fluid power & flow control business will reach close to 40 percent of revenue.
Rexnord expects to drive considerable revenue and cost synergies as the company is integrated.
The company has promoted three members of senior management.
Purchase expands distributor's presence in the Pacific Northwest.
Acquisition expands Air Hydro Power's Alabama footprint.
McNaughton-McKay acquisition of Reynolds to create $1.2B distributor.
Eads Distribution and The Massey Company will maintain their identities in their marketplaces.
Fourth-quarter sales increased 8.4 percent year-over-year.
CEO: Acquisition enhances Ohio Transmission Corporations capabilities.
Sales for first six months of FY2018 increase 6.4 percent.
PE firm recently bought HD Supply's Waterworks unit.