Another busy month for mergers & acquisitions in the wholesale distribution industry.
Latest In Power Transmission/Motion Control/Fluid Power
CEO: Questions remain around the pace of growth in the U.S. and Canada.
Sales for Kaman Corp. also increased slightly.
Profit attributable to the pump and compressor manufacturer fell 17 percent.
In Industrial North America, Parker Hannifin sales were down 2.4 percent.
Decline due to lower demand across end-markets, led by oil and gas, industrial distribution and off-highway market sectors.
North America benefited from oil and gas investments.
According to DXP, acquisition makes distributor largest rotating equipment distributor in North America.
Acquisition expands Timken’s industrial services capabilities.
Timken is fighting investors on the proposal to separate its steel from its bearing business.
If you stand by and fear the technology, your customers will quickly pass you by.
New features emphasize training and products, as well as searches for IDC distributors.
Acquisition complements Timken’s core bearing product line and provides access to new markets.
Power transmission and industrial distributor opens new branch office and warehouse.
Gardner Denver manufactures products for the chemical, petroleum and food industries.
Genuine Parts will pay $800 million for aftermarket auto parts distributor Exego Group.
