KITO Americas, Inc. announced today that the company has entered into a stock purchase agreement to acquire PEERLESS Industrial Group from WESTVIEW CAPITAL PARTNERS II, L. P. by purchasing all the shares of PEERLESS Industrial Group, INC. The share transfer of PEERLESS shall be executed subject to the terms and conditions in the Stock Purchase Agreement. KITO Americas, Inc. currently operates Harrington Hoists, Inc. and KITO Canada businesses in North America and is the largest subsidiary of the of Japan. KITO is listed on the Tokyo Stock exchange (TSE1) under the stock ticker 6409. Continue reading
Jack Rubin & Sons, a leading supplier of rigging, safety and expendable equipment to the industry has opened a new location. The new facility in Atlanta will be within arms reach of the entertainment district which includes Pinewood Film Studio, Atlanta Film Studio, Screen Gems, Raleigh Studios, and many more. In addition, the southeast location will speed up the time getting products and supplies to the Florida, North Carolina, Tennessee and Louisiana markets.
Atlanta is a perfect fit for the new location. Due to the aggressive state incentives there are a large number of productions constantly working in the area. “It is a big city that has a lot of resources and southern hospitality,” said Michael Rubin, president and CEO. Many of their existing clients have relocated to the area to keep up with the production work. This will enable JRS to maintain the high level of customer service their loyal clients have experienced for decades on the West Coast.
Jack Rubin & Sons new facility location: 775 Atlanta South Parkway, Ste. 350, College Park, GA 30349. Continue reading
Konecranes has today completed the acquisition of the remaining shares of Jiangsu Three Horses Crane Manufacture Co. Ltd. (“SANMA”) and now owns 100 percent of the company. In November 2009, Konecranes announced that it had finalized the acquisition of a majority holding (65 percent) in SANMA. Continue reading
Bekaert, a global market and technology leader in steel wire transformation and coatings, signed in April the Closing Memoranda which confirms the acquisition of the majority of the shares (73%) of the ArcelorMittal steel wire plant in Costa Rica (renamed BIA Alambres Costa Rica SA).
Bekaert’s expansions in Costa Rica was implemented via the Bekaert Ideal Holding and hence includes a regional extension of the partnership between Bekaert and its Ecuadorian partners. The deal also builds on the partnership which Bekaert and ArcelorMittal currently have in Brazil raising its share from 45% to 100% in the Cimaf ropes plant in Brazil. This leading steel rope producer has been renamed Bekaert Cimaf Cabos and will be integrated in Bekaert’s global ropes platform. Continue reading
New Britain, PA based, Chant Engineering is proud to announce the acquisition of the Cumberland Equipment Line, a division of Cumberland Sales Company (CSC), Nashville, TN.
The Cumberland Equipment Line started in 1992 specializes in a variety of products from take-up and payout equipment to turntables and meter stands with their specialty in the Cumberland Gantry Style Take Up Machine rated at 5,000 to 60,000lbs reeling capacity. The Cumberland Gantry Style Take Up Machine is well known for the heavy duty capabilities required for big rigging shops as well as provides the perfect amount of back tension needed for proper wire rope spooling. Continue reading
This investment allows Van Beest to further strengthen the pillars on which the company is built: reliability, quality and customer focus. Continue reading
Yorkshire, UK based safety products manufacturer, Tagattach Limited have added Brasco Safety Inc. of Alberta, Canada to their growing list of distributors, who will take the Tagattach and Grip Rope products to new and existing customers throughout Canada.
Brasco Safety Inc. are always on the lookout for new and innovative products that improve site and individual safety. Continue reading
The article describes the expansion as follows:
“Sandin Manufacturing in Michigan City plans to grow in order to serve European markets. The family-owned company already distributes its products nationally, and recently got certification to export stainless steel wire rope, galvanized steel strand and other products to Europe.
The company will add 28,000 square feet of additional space to its 50,000-square-foot facility on Ind. 212 on the northeast side of Michigan City. The company plans to add eight more entry-level and mid-level workers.
Hiring will begin this winter. Continue reading
Bishop Lifting Products and Delta Rigging & Tools specialize in the fabrication and distribution of slings, wire rope and rigging products, crane and rigging inspection services, engineered solutions, and equipment rentals. The combined Company will go to market under the brands Bishop Lifting Products, Delta Rigging & Tools, Delta Rentals & Rigging, and Morgan City Rentals. The Company currently operates 23 branches in Texas, Louisiana, Oklahoma, Kansas, Colorado and North Dakota with over 700 employees. Continue reading
The crane and lifting training and services organization, NACB, Inc., has built its reputation on quality, professionalism, and integrity for nearly 30 years. This mixture of philosophies has proven itself to be the key ingredients to their success. NACB, headquartered in Central Florida, and with physical operations in multiple cities, is looking to expand. Continue reading
ESCO Corporation announced today it has acquired Stabiltec Downhole Tools LLC, a unique manufacturer of specialty drilling tools for the oil and gas industry. This acquisition complements ESCO’s growing Oil & Gas Division, bringing an additional 96 people into the organization.
With aggressive growth goals in 2014 and beyond, this acquisition continues the build-out of the ESCO Oil & Gas Division’s product portfolio. Continue reading
The Alaska Rubber Group, consisting of three locations within Alaska, Anchorage, Fairbanks, & Wasilla, has purchased five additional locations in Washington. The five additional locations were formerly referred to as the Pacific Rubber Group, and they consist of stores throughout Washington serving the entire Pacific Northwest region. Pacific Rubber Inc. located in Seattle, TIMCO Inc. at the Port of Tacoma, North Sound Hose and Fittings in Everett, Central Hose and Fittings in Pasco, and Inland Pacific Hose and Fittings in Spokane comprise the Washington locations. The Alaska Rubber Group is the largest distributor of hydraulic and Industrial hose, fittings, and rigging supplies in Alaska. This acquisition expands the market presence and distribution capabilities of its employee owned organization across the entire Pacific Northwest. Continue reading
Edmonton-headquartered NC Services Group Ltd., parent company to NCSG Crane & Heavy Haul Services Ltd. (“NCSG”) announced today that it has acquired Calgary-based, Mullen Rigging and Industrial Services Inc. (“Mullen Rigging”).
Mullen Rigging was founded in Calgary in 2006 by Jamie and Jackie Mullen, and is a leading supplier of specialty rigging, lifting, and hauling services across Alberta and specifically in the Calgary and Edmonton/Leduc/Nisku regions of the province. Continue reading
Lifting Gear Hire Corporation (LGH) is pleased to announce the opening of its 5,500 square foot office addition. This two story office expansion boasts additional room for approximately 25 more office employees. It also includes a new state of the art conference and training room and a new lunch room to accommodate the hard-working staff. The addition is another indication continued growth.
“LGH has come a long way since 1990, which included a staff of three and a 5,000 square foot warehouse. We have plans for a few more locations and a number of additions in our sales and support staff,” said Tony Fiscelli, President of Lifting Gear Hire.
Gaylin Holdings Limited (“Gaylin” or the “Group”), one of the largest Singapore-based multi-disciplinary specialist providers of rigging and lifting solutions to the global offshore oil and gas (“O&G”) industry, today reported a strong set of results for the second quarter ended 30 September 2013 (“2Q FY2014”), with profits up 17.0% at S$3.7 million on the back of strong topline growth. Continue reading