Fourth quarter sales were flat to the same period in fiscal 2011.
Latest In Power Transmission/Motion Control/Fluid Power
The manufacturer reported a loss of $2.2 million.
Sales for Allied Motion were negatively impacted by the dollar strengthening against the euro and Swedish Krona.
Acquisition expands MFCP’s presence in the Pacific Northwest.
Profit for the distributor increased 60.5% year-over-year.
Continued Dumping and Subsidy Offset Act receipts and an Ontario plant closure affected results.
Organic growth was 2 percent for Kaman’s distribution segment.
The addition will be housed with the New Jersey-based Van-Air division.
Parent company Genuine Parts Company reports sales up 5 percent from last year.
SKF records best growth rates in North and South America.
The project is expected to take several years to implement at a cost of $40 million-$45 million.
Acquisition to expand offering of filtration diagnostic solutions.
Parker acquired the filtration business of John Fowler and the hydraulics manufacturing division of PIX Transmissions.
Cranbrook branch is the companys 52nd branch.
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High-profit firms performed better on pretax profit margins.
Leadership changes in four other groups will also take place.
