It expands Valin’s process control and fluid handling portfolio in Southern California and Nevada.
Latest In Power Transmission/Motion Control/Fluid Power
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The company is investing $34 million into a new facility that will house its headquarters and distribution operations.
The lab was built to centralize the company's test rigs and bring together the research and product development teams.
See which two power transmission distributors have joined the fold.
The deal comes after IR’s $3.59B offer to buy SPX outright was rejected in July 2021.
The new website unites the legacy of recently-acquired automation intelligence and comes seven months after MotionAi was launched.
The new facility, located in Queretaro, will focus on exports to the U.S. and Canada.
The event brought together over 140 member and supplier partner attendees Aug. 23 to 25 in Frisco, Texas.
It adds approximately $200 million in revenue and 900 employees to Timken.
Steve Cloud was a lifelong IBT Industrial Solutions employee and is succeeded in the chairman role by his son Jeff.
With production operations in Guadalajara, Mexico, the unit has approximately 600 employees and had 2021 revenues of about $63 million.
Our long-awaited annual rundown of the top distributors across 17 industrial, construction and commercial products sectors is available to view and download.
Wichita-based MEM Industrial is Kansas’ largest U.S. motor stocking distributor.
SBP had acquired two distributors since selling off Bishop Lifting Products early this year.
The Power Transmission Distributors Association will convene for its 2022 Industry Summit in Nashville Oct. 27-29.
It stems from Motion’s recent $1.3 billion acquisition of Kaman Distribution Group and unites the company’s top-tier fluid power business units.
The distributor of industrial motion, fluid power, flow control, automation and maintenance supplies had sales that neared $1 billion in the quarter and said April's growth was on a similar trajectory.
Solve Industrial Motion Group announced March 31st that is has acquired SST Bearing Corporation, including USA Rollers, Inc.
MDM’s new report, Markets Forecast, offers quarterly revenue projections for the wholesale distribution industry, plus breakouts for select categories, for the current calendar quarter and the next fiscal year. The inaugural Forecast looks at post-pandemic projections for distributors as a whole, plus specific sectors.
MDM’s quarterly survey in partnership with investment banking firm Baird reveals that distributor revenues decelerated sharply in 2Q but not as bad as feared at the beginning of the pandemic shutdown. One consensus among more than 550 participants: Distributors began rethinking the way they manage talent.
