GE Industrial Systems, a division of General Electric Company have just completed the acquisition of SI Pressure Instruments, a unit of Hill and Smith Holding.
They will now become part of GE Druck, a division of GE I...
Following a UK asset review, Corus have decided to restructure their UK steel business to try and stem the loss making trend. The current round of restructuring is aimed at tailoring their business for local demand.
T...
Alcan have entered into an agreement to acquire Baltek Corp for US$35 million.
The proposal has been approved by the Baltek Board and Major shareholders. Alcan expects to close the deal some time in the second quarter...
Boeing have generously donated a nanotechnology patent to Vanderbilt University. The patent covers particle separation technology. While originally developed for space applications, it has been re-adapted for ground base...
Reliance Steel and Aluminum Co have expanded operations into Europe and opened a facility on the Aeropole site in Gosselies, Belgium, through their subsidiary AMI Metals Inc.
The new facility will allow AMI Metals to...
Alcoa recorded a loss for the 4th quarter of 2002. They sited a global manufacturing weakness that has persisted for longer than anticipated as a major contributing factor.
Areas that remained soft, suffering from the...
On January 1 2003, the fluoropolymers activities of Solvay will be merged with those of Ausimont. The merged activities will for a new company, Solvay Solexis.
The acquisition has cost Solvay 1.3 billion Euros and was...
Lloyd Instruments has announced its acquisition of DN Testing Systems from Plint and Partners Ltd. DN Testing is a specialist in servo hydraulic testing.
Under the terms of the agreement, DN Testing equipment will be ...
Northrop Grumman Corp and TRW Inc. have announced that they intend to complete their merger transaction on December 11, 2002.
Northrop Grumman believes that the Defense Department has recommended to the Justice D...
Following an announcement in March 2002 of its intention to sell its plant in Spokane, Washington, Boeing has successfully negotiated its sale. They will be selling the plant which produces a variety of aircraft composit...
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