Latest In Power Transmission/Motion Control/Fluid Power
Profit for the manufacturer of highly engineered precision bearings increased 56.6 percent.
Employee count also grew at an accelerated rate in 2011.
Allen Orton serves fluid power needs of businesses in Georgia and South Carolina.
Compared to the prior quarter, the power transmission/motion control industry is expanding at a faster rate.
Process and motion control sales in the fourth quarter were up 14 percent on an organic basis.
After the close of another acquisition, DXP is expecting to have more than $120 million in sales in Canada.
Sales increased for all three of DXP’s business segments.
Industrial Distribution segment sales increased 7.9 percent in the quarter.
RG Group opened a new Instrumentation Solution Center.
Dunkermotoren has facilities in Germany, Serbia and China.
Sequentially, order intake increased across geographic regions.
Atlas Copco opened new customer centers in Mozambique and Senegal.
Sales were $605.5 million for the quarter.
Increase in sales for Timken reflects stronger demand across most end-markets.
The distributor has agreed to acquire SKF’s distribution businesses down under.
Parker’s Olaer Group acquisition expands manufacturer’s international reach.
