Parker’s Olaer Group acquisition expands manufacturer’s international reach.
Latest In Power Transmission/Motion Control/Fluid Power
New Amazon service offers 14 categories of products, including industrial, jan-san, office and more.
Sales in Europe and Asia declined, while sales in North America, Latin America, and the Middle East and Africa posted gains.
Parent company Genuine Parts Company reported a sales increase of 7 percent.
Pump & Power Equipment, Aledco and Force Engineered Products will join DXP’s Rotating Equipment division.
Snap-tite is a $100M manufacturer of fluid power components.
Applied Industrial Technologies, LP – the Canadian-operated subsidiary of Applied Industrial Technologies, Inc. – acquired the group in 2010.
Fluid Routing Solutions is a manufacturer of industrial hose products and fuel filler and hydraulic fluid assemblies.
Combined, ZITEC Industrietechnik and Wilhelm Jung have €140 million in annual turnover.
Quaker City, a NAPA distributor, serves the mid-Atlantic region of the U.S.
Polimer Kauçuk Sanayi ve Pazarlama A.Ş. had sales in 2011 of $335 million.
Sales were up 12% thanks to mining and metals business line growth.
Investment will help manufacturer meet growing demand for specialty alloy steel bars.
Parent company Genuine Parts Company sales increased 11 percent for the year.
Power Transmission Distributors Association members expect growth to continue in 2012.
Profit for the manufacturer of motion control products nearly doubled year over year.
General Bearing will operate as an independent subsidiary of SKF Group.
Profit for the manufacturer increased 65 percent in the quarter.