The company is aiming for a potential sale as part of a major restructuring to streamline operations and focus on tire manufacturing.
Following two consecutive months in expansion territory, March fell back into contraction and below economists’ estimates.
Schneider Electric will invest in its U.S. operations by 2027, expanding manufacturing and creating over 1,00o jobs to boost energy efficiency and automation.
The news comes as Honeywell prepares to split into three publicly tradesd
The company secured an economic development grant to expand its headquarters to Plano, TX, creating approximately 300 jobs in the region.
Based in Chicago, AZEK is a manufacturer of outdoor living products, employing approximately 2,000 team members across multiple manufacturing and recycling facilities.
Colorado-based Sundyne is a designer and manufacturer of pumps and gas compressors led by brands of Ansimag, HMD Kontro and Marelli.
The overall reading remained in expansion territory after nine straight months of contraction that ended in January.
Bosch Tool’s former CEO has taken the same role at L.S. Starrett, succeeding Douglas Starrett.
Indiana-based distributor Franklin Electric enhances its market reach in Latin America with the addition of Barnes de Colombia, and in Australia with submersible pump OEM PumpENG.
It’s set to form a leading material handling and motion control supplier with annual revenues of about $2.1 billion.
The company expects to cut costs via a significant downsizing of its physical footprint.
