Saturday, October 20, 2018
All News
Carlisle Companies Incorporated Announces Completion of $1 Billion Senior Notes Offering
November 16, 2017
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Carlisle Companies Incorporated (NYSE:CSL) announced today that it has successfully closed an underwritten public offering of $1,000,000,000 aggregate principal amount of senior notes, consisting of $400,000,000 aggregate principal amount of 3.500% notes due 2024, and $600,000,000 aggregate principal amount of
GE Additive acquires GeonX to strengthen software simulation capabilities
November 16, 2017
FRANKFURT AM MAIN, Germany--(BUSINESS WIRE)--GE Additive announced today that it has acquired GeonX, a privately-owned developer of simulation software. Terms of the deal are not being disclosed. Headquartered in Belgium, GeonX provides software for engineers when developing new products, to simulate additive manufacturing, welding, machining and
Lincoln Electric Welding School Opens New Training Center
November 16, 2017
In commemoration of the 100th anniversary of its legacy welding school, Lincoln Electric will open its new Welding Technology & Training Center on its Euclid, Ohio, campus in January. The center’s opening highlights the company’s role of running one of the oldest continually-operating welding schools. The two-story facility has more
Optima Specialty Steel, Inc. Completes Financial Restructuring and Emerges from Bankruptcy
November 16, 2017
HAMMOND, Ind.--(BUSINESS WIRE)--Optima Specialty Steel, Inc. (together with its subsidiaries, collectively the “Company”) today announced that it has satisfied the conditions to effect its plan of reorganization, which was confirmed by the U.S. Bankruptcy Court for the District of Delaware on October 16, 2017, and has emerged from
PPG Forms Partnership With SiNode Systems for Vehicle Battery Technology
November 16, 2017
PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE:PPG) today announced it has entered into a partnership with SiNode Systems to accelerate the commercialization of high-energy anode materials for advanced battery applications in electric vehicles. The 30-month project will enable the partners to rapidly develop and demonstrate anode materials that will store
Materion’s SupremEX® Receives Second SAE-AMS Specification
November 16, 2017
MAYFIELD HEIGHTS, Ohio--(BUSINESS WIRE)--Materion Corporation (NYSE:MTRN) announced that the Society of Automotive Engineers - Aerospace Material specification Nonferrous Alloys Committee (SAE-AMS) has approved specification of AMS4368 for Materion's SupremEX® 640XA. The AMS specification allows engineers to reference a national standard for
Materials Handling: Enclosed Bulk-Bag Discharger
November 16, 2017
A new Bulk-Out Model BFC bulk-bag discharger from Flexicon Corp.., Bethlehem, Pa., has an enclosure to contain dust escaping through the seams or fabric of unlined bulk bags. White polymer panels enclose the sides, rear, and top of the frame, while clear panels on four hinged access doors allow monitoring the discharging process. A port on the rear
Griffon Corporation to Sell Clopay Plastic Products to Berry Global for $475 Million
November 16, 2017
NEW YORK--(BUSINESS WIRE)--Griffon Corporation (“Griffon” or the “Company”) (NYSE:GFF) has entered into a definitive agreement to sell Clopay Plastic Products Company (“Clopay Plastics”) to Berry Global Group, Inc. (NYSE:BERY) (“Berry Global”) for $475 million in cash. The transaction is subject to
Berry Global Group, Inc. Reports Fourth Quarter and Fiscal Year 2017 Results
November 16, 2017
EVANSVILLE, Ind.--(BUSINESS WIRE)--Berry Global Group, Inc. (NYSE:BERY) today reported results for its fourth quarter and fiscal year 2017, referred to in the following as the September 2017 quarter and fiscal year 2017. Net income for the September 2017 quarter was $110 million ($0.81 per diluted share) compared to $77 million ($0.61 per diluted
Deswell Announces First Half 2018 Results
November 16, 2017
MACAO--(BUSINESS WIRE)--Deswell Industries, Inc. (Nasdaq: DSWL) today announced its unaudited financial results for the first six months ended September 30, 2017. Net sales for the first six months ended September 30, 2017 were $29.8 million, an increase of 44.2% compared to net sales of $20.6 million for the six months ended September 30, 2016.
Berry Global Group, Inc. Announces Agreement to Acquire the Clopay Plastic Products Company, Inc.,
November 16, 2017
EVANSVILLE, Ind.--(BUSINESS WIRE)--Today, Berry Global Group, Inc. (“Berry”) (NYSE: BERY) announced that it has entered into a definitive agreement to acquire the Clopay Plastic Products Company, Inc. (“Clopay”), a subsidiary of Griffon Corporation (NYSE:GFF), for $475 million in cash on a debt-free, cash-free basis. Clopay
Target Specialty Products™ and Scotts® Sign Marketing Agreement for Professional Turf Products
November 16, 2017
SANTA FE SPRINGS, Calif.--(BUSINESS WIRE)--Target Specialty Products™, a leading national wholesale distributor of turf & ornamental and pest control products, is partnering with Scotts® to develop a complete line of new professional turf products backed by Scotts® PRO technology and the latest advancements in turfgrass
XPEL Reports Third Quarter Revenue Growth of 31.6%
November 16, 2017
SAN ANTONIO, Texas--(BUSINESS WIRE)--XPEL Technologies Corp. (TSXV: DAP.U), a leading supplier of automotive paint protection and window films, announced results for the third quarter and nine months ended September 30, 2017. Mr. Ryan Pape, President and Chief Executive Officer of XPEL, commented, “We were pleased to see continued revenue
Materialise and SYNNEX Deliver All-in-One 3D Printing Package for Large Scale Manufacturing
November 16, 2017
FRANKFURT, GERMANY--(BUSINESS WIRE)--Materialise, a global leader in 3D printing, and SYNNEX, the exclusive distributor for HP Jet Fusion 3D in the U.S. and Canada, have signed an agreement that will deliver a complete 3D printing package for large scale 3D printing operations. “This partnership is a win for the 3D printing industry in making
AstroNova Opens New European Headquarters to Support Growth Across EMEA Region
November 16, 2017
WEST WARWICK, R.I.--(BUSINESS WIRE)--AstroNova, Inc. (NASDAQ: ALOT), a global leader in data visualization technologies, today announced the opening of an expanded, full-service headquarters in Germany. The new location in Dietzenbach, near Frankfurt, will support the Company’s rapid growth across Europe, the Middle East and Africa (EMEA).
Neovia Logistics Signs Long-Term Agreement with Schaeffler Automotive Aftermarket
November 16, 2017
IRVING, Texas--(BUSINESS WIRE)--Neovia Logistics, a global supplier of logistics services, has signed a new long-term agreement with Schaeffler Automotive Aftermarket, a business division of Schaeffler, to both build and manage operations at a new €180 million state-of-the-art aftermarket kitting facility in Saxony-Anhalt, Germany. Featuring
NOW Inc. Announces Organizational Changes
November 16, 2017
HOUSTON--(BUSINESS WIRE)--NOW Inc. (NYSE:DNOW) is pleased to announce today that effective February 16, 2018, Mr. Daniel Molinaro will serve as Executive Vice President, assisting with certain treasury, investor relations and employee benefits matters. Mr. Molinaro will transition from serving as Senior Vice President and Chief Financial Officer
2017 Hyundai Ioniq Hybrid Blue
November 16, 2017
A young(ish) guy that I’ve known for a number of years, a man who spent the better part of his career writing for auto buff books and who is a car racer on the side, mentioned to me that his wife has a used Lexus ES Hybrid. Which floored me. The ES hybrid  is all but invisible. (Did you even know that there was such a powertrain option
Manufacturing News of Note: November 2017
November 16, 2017
Acquiring a cutting tool manufacturer, growing apprenticeships in the United States and other industry news. Blog Post: 11/16/2017 Jedd Cole Associate Editor, Modern Machine Shop The Ceratizit Group (Mamer, Luxembourg) has announced the acquisition of the Komet Group (Besigheim, Germany). “The disruptive changes in the market environment
Virginia Tech Students Produce 3D-Printed Golf Grips
November 16, 2017
The individually customized grips can be slipped onto clubs and used to build muscle memory forcing golfers into the correct grip every time. A Virginia Tech student engineering team has created a customized 3D-printed golf grip that could be a game changer for all the golfers out there as it conforms to the individual golfer's hands to guide
Wavemove System is Fully Automated for Measurement
November 16, 2017
Jenoptik Industrial Metrology’s Hommel-Etamic wavemove combines high-precision roughness and contour measurement technology with CNC technology and eight fully automatic CNC axes to measure both roughness and contours in a single measuring run, recording as many data points as necessary for automotive production. wavemove is
Lessons Learned in Deep Hole Drilling
November 16, 2017
Of course when it comes to deep hole drilling, the tooling, the fixturing and the automation are all essential, but the part that caught my attention during a recent UNISIG event was the focus on mold-specific industry solutions, especially its USC-M series machines that allow multiple operations to be performed on all workpiece sides with one
MPM Holdings Inc. Announces Postponement of Initial Public Offering
November 16, 2017
WATERFORD, N.Y.--(BUSINESS WIRE)--MPM Holdings Inc. (“Momentive” or the “Company”) (OTCQX:MPMQ) today announced that it has decided to postpone its planned initial public offering due to adverse market conditions. “Momentive has developed and executed against a focused strategy of driving the growth of its specialty
Gardner Denver Announces Pricing of its Secondary Public Offering
November 16, 2017
MILWAUKEE--(BUSINESS WIRE)--Gardner Denver Holdings, Inc. (NYSE: GDI) (“Gardner Denver”) today announced the pricing of the previously announced underwritten secondary offering by certain stockholders (the “Selling Stockholders”), including investment funds affiliated with Kohlberg Kravis Roberts & Co. L.P.
Indigo Mill Designs’ Foam-Dyeing Technology Set to Transform Denim Manufacturing
November 16, 2017
LUBBOCK, Texas--(BUSINESS WIRE)--A demonstration of a key innovation in foam dyeing of yarn for denim was held today at the Texas Tech University Fiber and Biopolymer Research Institute in Lubbock, Texas. The event was hosted by Indigo Mill Designs (IMD), with the company commercializing this technology under its IndigoZERO™ brand.
Nel ASA: Enters into Exclusive Partnership with Nikola – Awarded Initial Purchase Order for Two
November 16, 2017
OSLO, Norway--(BUSINESS WIRE)--Nel ASA (Nel, OSE:NEL) has received a purchase order from Nikola Motor Company (Nikola Motor) for two demo refueling stations to provide hydrogen to Nikola’s fleet of prototype hydrogen trucks. The purchase order is the initial part of an exclusive partnership aiming at developing low-cost renewable hydrogen
Nordstrom Board of Directors Approves Quarterly Dividend
November 15, 2017
SEATTLE--(BUSINESS WIRE)--Nordstrom, Inc. (NYSE: JWN) announced today that its board of directors approved a quarterly dividend of 37 cents per share payable on December 12, 2017, to shareholders of record at the close of business on November 27, 2017. About Nordstrom Nordstrom, Inc. is a leading fashion retailer based in the U.S. Founded in
Ichor Holdings, Ltd. to Participate In the Sixth Annual NYC Investor Summit 2017
November 15, 2017
FREMONT, Calif.--(BUSINESS WIRE)--Ichor Holdings, Ltd. (NASDAQ: ICHR), a leader in the design, engineering, and manufacturing of critical fluid and gas delivery subsystems for semiconductor capital equipment, today announced that company management is scheduled to participate in the 6th Annual NYC Investor Summit 2017, being held December 6, 2017
Greif, Inc. Announces 2017 Fourth Quarter Earnings Release and Conference Call Dates
November 15, 2017
DELAWARE, Ohio--(BUSINESS WIRE)--Greif, Inc. (NYSE: GEF, GEF.B), a global industrial packaging solutions provider, announced today it will report the company’s 2017 fourth quarter financial results after the market closes on Wednesday, December 6, 2017. A conference call will be held on Thursday, December 7, 2017 at 8:30 a.m. ET. Greif will
XPEL to Acquire Protex Canada
November 15, 2017
SAN ANTONIO--(BUSINESS WIRE)--XPEL Technologies Corp. (TSXV: DAP.U) has announced its intent to acquire Protex Canada, the top franchisor for automotive paint protection and window film in Canada. Protex Canada has over 75 franchise locations across 4 provinces, with origins in the window film business dating back to 1989. XPEL currently supplies
Yokowo’s New One-Action Lead Socket Connector Provides Reduced Assembly Time and Stable Attachment
November 15, 2017
ROLLING MEADOWS, Ill.--(BUSINESS WIRE)--Yokowo’s new Lead Socket Connector enables easy one-action lead wire connection to a printed circuit board (PCB) for improved stability and decreased assembly time. In the fast growing LED/lighting market, lead wire is a major component used in connecting a board to a lighting module. The conventional
LSB Industries, Inc. Announces Changes to Its Board of Directors
November 15, 2017
OKLAHOMA CITY--(BUSINESS WIRE)--LSB Industries, Inc. (NYSE:LXU) (“LSB or “the Company”) announced the resignation of Joseph Reece from its Board of Directors effective today. Mr. Reece, who was previously the Executive Vice Chairman of UBS Securities LLC (“UBS”), was recently promoted by UBS to be the head of its
Cooper Tire & Rubber Company to Present at Bank of America Merrill Lynch Leveraged Finance
November 15, 2017
FINDLAY, Ohio--(BUSINESS WIRE)--Cooper Tire & Rubber Company (NYSE: CTB) today announced that Vice President and Treasurer Tom Lause will present at the Bank of America Merrill Lynch Leveraged Finance Conference on Nov. 29 at 4:50 p.m. EST. The conference will be webcast live at http://www.veracast.com/webcasts/baml/levfin2017/id83115123518.cfm
BASF, Xaar Collaborate On Industrialization Of Photopolymer Jetting
November 15, 2017
BASF 3D Printing Solutions and Xaar seek partners for jointly developing 3D printing machinery. BASF (U.S. office in Florham Park, N.J.) and Xaar (Cambridge, United Kingdom), a provider in industrial inkjet technology, announce a collaboration to improve the photopolymer jetting (PPJ) process also known as material deposition. This
Top 5 Vendors in the Global Polyurea Market From 2017 to 2021 | Technavio
November 15, 2017
LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global polyurea market report. This market research report also lists 14 other prominent vendors that are expected to impact the market during the forecast period. Competitive vendor landscape According to the research analysis, the global polyurea market
Power of the Cloud and IIoT Makes Manufacturing Smarter
November 15, 2017
Stephen Hooper, Senior Director, Business Strategy and Marketing for Autodesk, Inc. says that the manufacturing industry is experiencing unprecedented change and the convergence of design and manufacturing is creating new opportunities to reduce costs and shorten product lifecycles. Traditional supply chains are being replaced by more
America Recycles Day Celebrates the Recycling Industry’s Innumerable Economic and Environmental
November 15, 2017
WASHINGTON--(BUSINESS WIRE)--The Institute of Scrap Recycling Industries (ISRI), the Voice of the Recycling Industry™, celebrates America Recycles Day today by applauding all individuals who make a strong effort to recycle as part of their daily life, and encouraging all to learn more about recycling and the industry. America Recycles Day, a
AmSty Announces Polystyrene Price Increase Effective December 1, 2017
November 15, 2017
THE WOODLANDS, Texas--(BUSINESS WIRE)--AmSty announces an increase in the transaction price of all grades of polystyrene produced by the Company of $0.06/lb., effective December 1, 2017. This price supersedes all other previously announced price changes. About AmSty AmSty is one of the largest integrated producers of polystyrene and styrene monomer
Tel-Instrument Electronics Corp. Reports Financial Results for Second Quarter 2018 and Completes $3
November 15, 2017
EAST RUTHERFORD, N.J.--(BUSINESS WIRE)--Tel-Instrument Electronics Corp. (“Tel”, “Tel-Instrument” or the “Company”) (NYSE American: TIK), a leading designer and manufacturer of avionics test and measurement solutions, today reported a net loss of $2.9 million on revenues of $1.8 million for the second quarter of
Banaszek Named Sales Manager at Charles Ross & Son
November 15, 2017
Hired in 2005, Banaszek takes over sales for maker of industrial mixing equipment. Charles Ross & Son Co., manufacturer of industrial mixing equipment, has appointed Christine Banaszek as its new sales manager. Banaszek joined Ross in 2005 as an application engineer in inside sales at the corporate headquarters in Hauppauge, N.Y. For years, she
EXTRUSION: Pilot Film Line And Flexible Die
November 15, 2017
A pilot/laboratory line for blown film and a versatile die were among the new products Dr. Collin GmbH (U.S. office is Collin Lab & Pilot Solutions Inc., Norcross, Ga.) displayed at October’s Fakuma show in Germany. On the pilot line, Collin has redesigned the takeoff and layflat units as well as the winder. The winder can now operate in
Extrusion: Ironing-Roll Winder For Jumbo Rolls
November 15, 2017
A new ironing-roll winder from Davis-Standard, Pawcatuck, Conn., targets larger-diameter master rolls up to 4 ft on cast-film lines up to 20-ft wide. While the technology can be used for many film types, D-S has found it to be most beneficial for cast PP and barrier films, where post-wrap shrinkage occurs as a result of the types of polymers used
EDMs Optimize Challenging Cutting Operations
November 15, 2017
GF Machining Solutions’ AgieCharmilles Cut P series of wire EDMs is designed to provide precise positioning and contouring. The Cut P 350, 550, 800 and 1250 machines feature efficient power generators and automation options for lights-out operation. Intelligent power generator technology is said to deliver surface finishes as smooth as Ra
FS-Elliott Nominated as Finalists in 2017 MEED Awards
November 15, 2017
EXPORT, Pa.--(BUSINESS WIRE)--FS-Elliott, a leading manufacturer of oil-free, centrifugal compressors, has announced that their office in Saudi Arabia has been nominated for three MEED Awards in the categories of Industrial Company of the Year, Manufacturer of the Year, and Supplier of the Year. The MEED Awards recognize and honor contractors,
Optomec Demonstrates Production 3D Printing Technology at Printed Electronics USA Conference
November 15, 2017
ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Optomec, a leading global supplier of production grade additive manufacturing systems for 3D printed electronics (Aerosol Jet) and 3D printed metals (LENS), announced today that the company will showcase its Aerosol Jet 5X system for production Printed Electronics applications at the IDTechEx conference held
PPG Donates Coatings to Help Restore A-12 Spy Plane
November 15, 2017
PPG donated nearly 90 gallons of PPG Desothane HS 8201/F gloss military topcoat in midnight for the livery and four additional colors for markings. When the U.S. Space and Rocket Center (USSRC) in Huntsville, Alabama, began restoring an A-12 Oxcart, it took only a local telephone call to obtain the aerospace coatings required to paint the
Compact EDM Has Varied Features for Accuracy and Ease of Use
November 15, 2017
GF Machining Solutions’s new compact Form E 350 machine is a suitable die sinking EDM solution for small shops. The Form E 350 has sturdy C-axis construction, a cross table and a cast-iron frame for stability and force reduction, which helps maintain a precise spark gap between the part and the electrode. GF Machining Solutions says that
Start-up of New Production Line Begins at Trinseo’s Zhangjiagang, China Plant
November 15, 2017
BERWYN, Pa.--(BUSINESS WIRE)--Trinseo (NYSE: TSE), a global materials company and manufacturer of plastics, latex binders and synthetic rubber, announced today the successful start-up of a MAGNUM™ ABS production line at the company’s manufacturing plant at the Zhangjiagang, China site. Customers in Asia Pacific will now have their needs
Broad Agriculture Coalition Takes Action against California’s Flawed Prop 65 Listing of Herbicide
November 15, 2017
ST. LOUIS--(BUSINESS WIRE)--Monsanto is joining a broad coalition of agriculture groups from across the country to challenge the constitutionality of California’s unjustified listing of the herbicide glyphosate as a substance “known to the state of California to cause cancer” under Proposition 65 (Prop 65). This case was filed
3M Announces New Leadership Appointment
November 15, 2017
ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today that Kristen Ludgate is appointed senior vice president, Corporate Communications and Enterprise Services, effective Jan. 1, 2018. Kristen will replace Kimberly Price, who has announced her intention to retire, effective March 1, 2018. “Kristen is a highly accomplished leader with a proven