The company will soon open its third U.S. location in Southaven, Mississippi, part of the greater Memphis region.
Latest In Power Transmission/Motion Control/Fluid Power
The company reported that fiscal 4Q net sales were $1.2 Billion, up 9.1% YoY and up 8.6% on an organic basis.
Jim and Peter Fitzpatrick, who have owned the company for over 30 years, will retain material ownership stakes.
This vehicle will allow for Frontenac’s continued investment in MCE and is expected to fuel the company’s next phase of growth.
Lon Jennings will succeed David Parks as Hydradyne President. Parks will retire after 44 years with the company.
The industrial parts distributor's profit margin grew 190 bps year-over-year despite sales growth that was less than half that of 1Q.
The PTDA Learning Hub offers learning materials on the fundamental characteristics of power transmissions/motion control products.
Get all the need-to-know info about our annual rankings of North America’s biggest market movers across 17 different industries — now available for all to view.
Womack Machine Supply and Morrell Group will combine to create one of the largest automation and fluid power distributors in the U.S.
MCE has now made 10 acquisitions since January 2021.
The partnership signifies a 'shared commitment to continuous improvement' and mutual growth, IDCO says.
Crush Bearings and Drives is a distributor of mechanical power transmission and motion control products.
India-based Sak Abrasives is expanding its presence in the U.S. with the acquisition of Jowitt & Rodgers.
This adds to the $75 million Timken committed in late 2020 to strengthen both its wind and solar capabilities.
Despite a sales decline in 1Q, Regal Rexnord CEO Louis Pinkham has high hopes for the manufacturer following its acquisition of Altra Industrial Motion.
Smulski and Hill both have previous experience as sales leaders with Danfoss.
Norcan is a distributor of fluid power and pneumatic products with eight locations across western Canada.
The increase reflected organic sales growth of 10.1% for the Swedish bearings manufacturer.
The rebrand took effect in early March.
PTDA will host member power transmission/motion control distributors and manufacturers in Ottawa, Canada.
