Latest investment from Swedish bearing and seal manufacturer will expand current Chinese plant.
Latest In Power Transmission/Motion Control/Fluid Power
The acquisition expands Triad's geographic footprint and makes the Goshen location Triad's twenty-first ParkerStore.
PTDA Foundation survey finds more than three-quarters of respondents have had more trouble hiring this year than in the past.
Workers at the manufacturing operation have been on strike since June 30.
Manufacturer reports a loss of $4.4 million for the quarter.
The acquisition strengthens the companys presence in the Midwest.
Manufacturer reports a profit of $4.2 million for the quarter.
The acquisition provides the ITTs Industrial Process segment with a complementary portfolio.
Higher volume, favorable price/mix and improved manufacturing performance drive the growth.
Sales for Kaman's distribution segment were up 2.5% over the prior-year period.
Tim Drakes succeeds Frank Campbell, who retired on March.
Paula Ruiz succeeds Curt Hutchins who will be leading the spin-off of Eatons Lighting business.
With this acquisition, Timken's power transmission portfolio now accounts for approximately one-third of company revenues.
Ryan Cieslak joins Applied from Northcoast Research.
