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Finance
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Rockwell Automation Acquires Pavilion Technologies

Rockwell Automation, Inc., Milwaukee, WI, has agreed to buy Pavilion Technologies Inc., Austin, TX, a supplier in advanced process control, production optimization and environmental compliance solutions for process and hybrid industries.
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Pavilion also has offices in Europe and the Asia-Pacific region. It serves major customers in consumer products, oil & gas, chemicals and other process industries.
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Rockwell Automation is a supplier of industrial automation power, control and information solutions. The company employs about 19,000 people serving customers in more than 80 …

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MDM News Digest 3715

Platinum Equity has agreed to acquire Ryerson Inc., Chicago, IL, for $2 billion, which includes the assumption of debt. The price represents a 15 percent premium over Ryerson’s closing share price on Feb. 31, 2007, the day Ryerson announced it was considering strategic alternatives. Ryerson is a distributor and processor of metals in North America, with 2006 revenues of $5.9 billion. More
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Ryerson reported second quarter sales of $1.6 billion, a 7.2 percent increase from the year-ago period. Profit was up 72 percent year-over-year. More&nbsp ;

Industrial Distribution Group, Inc.,<city ...

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Companies
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Kaman Taps Former Hughes COO as New President

Kaman Corp., Bloomfield, CT, has tapped Neal J. Keating as the next president and chief operating officer of the company, effective Sept. 17, 2007. Keating will assume the additional role of CEO on or before Jan. 1, 2008.
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Keating, 51, will succeed Paul R. Kuhn, currently chairman, president and CEO. He is scheduled to retire on Feb. 21, 2008. Kuhn will retain the title of chairman until the date of his retirement.
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Keating was recently COO of Hughes Supply, a $5.4 billion industrial distributor that was sold to HD Supply in January 2006. He started his career with Rockwell Automation, rising over a 24-year period to executive vice president and COO of Rockwell Collins Commercial …

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Rockwell Automation Sales Grow 9% in 3Q

Rockwell Automation, Inc., Milwaukee, WI, reported sales in the third quarter 2007 were $1.28 billion, up 9% from the same period in 2006. Profit was $164.2 million, compared with profit of $149 million last year.
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International sales increased 13%, excluding the effect of currency translation, with continued strength in Europe and Latin America, and improved performance in Asia Pacific and Canada. From an end-market perspective, sales growth in consumer industries outpaced the growth in resource-based industries.
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Rockwell expects a gradually expanding global industrial economy across most end markets through the remainder of the year in into fiscal 2008.
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The Control Products & Solutions segment sales were $698.1 million, an increase of 8%. …

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MDM News Digest 3710

The Home Depot, Atlanta, GA, reported first-quarter profit of $1 billion, compared with $1.5 billion in the same period in fiscal 2006. Sales for the first quarter totaled $21.6 billion, a 0.6 percent increase from the first quarter of fiscal 2006. Total sales in the retail segment declined 4.3 percent to $18.5 billion, and comparable store sales declined 7.6 percent. Total sales in the HD Supply segment grew by 46 percent to $3.1 billion, reflecting sales from acquired businesses. Organic sales were down 6.5 percent. More & hellip;
HeidelbergCement AG, Heidelberg, Germany, has agreed to buy Hanson plc for about & pound; 8 billion (US$15.8 billion). HeidelbergCement is one of the top …

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Finance
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Rockwell Automation to Acquire ICS Triplex

Rockwell Automation, Inc., Milwaukee, WI, has agreed to acquire UK-based Industrial Control Services Group Limited for & pound; 110 million (US$218.4 million) in cash. ICS does business as ICS Triplex, a global supplier of control and safety solutions to process industries.
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ICS Triplex annual revenues are projected to be & pound; 70 million (US$138.9 million) for its current fiscal year which ends May 31, 2007.
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Headquartered in Maldon, United Kingdom, ICS Triplex has more than 500 employees and operations across Europe, the Middle East, Asia and North America. It serves industries including oil and gas exploration, production, transportation and refining as well as chemicals and power generation.
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ICS Triplex will be included in …

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MDM News Digest 3709

GE Supply will now be named Gexpro. The name change follows the acquisition of GE Supply by Rexel, Paris-based distributor of electrical supplies. Gexpro, a $2.7 billion unit, will continue to operate as an independent Rexel banner in the U.S. More …

Barnes Group Inc., Bristol, CT, has renamed its Associated Spring business segment Barnes Industrial. The Associated Spring brand will remain within the Engineered Springs SBU.&nbsp ; More …

DXP Enterprises, Inc. has agreed to buy Delta Process Equipment, Inc., a $23 …

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Rockwell Sales Flat in U.S.

Rockwell Automation, Inc., Milwaukee, WI, reported fiscal 2007 second quarter net income of $729.3 million, including a gain from the sale of its Power Systems segment. Profit in the second quarter excluding this was $142.3 million.
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Sales in the quarter, which exclude Power Systems, were $1,206.5 million, up 8%. Sales in the U.S. were flat compared to the second quarter of 2006. International sales increased 13%, excluding the effect of currency translation, with continued strength in Europe and Latin America, and weaker results in Asia Pacific and Canada.
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From an end market perspective, sales into resource-based end markets continued to pace growth, and sales into consumer-facing industries grew at about the company average. Sales to the global automotive …

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Electrical
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Stuart C. Irby to Expand in Mississippi

Stuart C. Irby Co., Jackon, MS, a subsidiary of Sonepar USA, signed an agreement to become the authorized AllenBradley distributor for the Columbus and Meridian, MS, markets effective March 31, 2007. Irby will establish two new locations as full-line commercial and industrial branches to complement their existing Mississippi footprint.


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Irby is the authorized distributor in Tupelo, Jackson, Hattiesburg, McComb and Pascagoula, Mississippi. Irby also has 12 additional locations in six additional states authorized by Rockwell Automation providing AllenBradley products and services.


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“We are especially excited about the prospect of increasing our overall industrial and


commercial/contractor presence in our home state, said …

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Gates Corp. Launches Store at PTPlace

Gates Corporation’s Industrial Power Transmission division has launched an online store at PTPlace.com, an e-commerce Web site that offers authorized U.S. distributors the convenience of ordering the firm’s complete line of belt drive system products from one popular internet mall.


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PTPlace is a key component of Gates equity investment in CoLinx, LLC, which took place in 2006. CoLinx provides e-business and logistics services and manages the PTplace.com e-commerce portal and PTbroker system-to-system connection. Through these programs, over eight million transactions are processed per year between manufacturers and their authorized distributors.


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At the PTPlace mall, Gates joins Rockwell Automation, The Schaeffer Group, SKF and …

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