Transoft Solutions Inc

Mergers & Acquisitions | February 07, 2020

Manufacturing in the U.S. has contracted to its lowest level in more than a decade. The Institute for Supply Management said that its manufacturing index fell in December 2019 to 47.2. That’s its lowest level since June 2009, when it hit 46.3. This, in addition to a tight labor market, China’s retaliatory tariffs and the upcoming presidential election, has made manufacturing a tricky sector to do business in these days. Still, despite some of the headwinds facing the manufacturing in...

Frost & Sullivan | March 13, 2020

With middle-class consumer purchasing on the rise Manufacturers are investing in new production facilities to meet escalated demand. As a result of this increase of production plants and machines, there has been an drive in a requirement for machine tools. An analysis by Frost & Sullivan predicts that this will push the machine tool market in Asia-Pacific to grow at a compound annual growth rate of 2.2% between 2018 and 2023, reaching US$10bn in revenue. Business expansion strategies and pla...

Pittsburgh Electrical Insulation, Fibertek | August 17, 2020

A Pittsburgh manufacturer of materials for electrical insulation earlier this month announced a deal with a suburban Nashville tape manufacturer to acquire its electrical products division. Pittsburgh Electrical Insulation's purchase from Fibertek includes tape, film, laminate, wedge, and rope products under the Res-I-Glas, Res-I-Straint, Res-I-Band, Res-I-Flex, Res-I-Lam and B-Stage names. PEI officials said the deal would broaden the products it offers to the ...

Manufacturing Technology

Federal Signal Corporation | October 04, 2022

Federal Signal Corporation (NYSE: FSS) (the "Company"), a leader in environmental and safety solutions, today announced that it has completed the acquisition of substantially all the assets and operations of TowHaul Corporation ("TowHaul"), a leading manufacturer of off-road towing and hauling equipment, for a purchase price of $46.1 million, subject to post-closing adjustments. The signing of the purchase agreement was previously announced on September 7, 2022. Read More