Briggs & Stratton Earnings Rise 3.5 Percent in 4Q07, Decline 15 Percent in Fiscal ’07
Milwaukee, Wis.-based Briggs & Stratton Corp. last week announced fiscal 2007 fourth-quarter consolidated net sales of $678.9 million, compared with 4Q06 consolidated net sales of $656.0 million. Fourth-quarter ’07 consolidated net income was $16.3 million or $0.32 per diluted share, which included a $7.9 million pretax write-down of assets associated with a plan to close its Port Washington, Wis., manufacturing facility by October 2008, compared with 4Q06 consolidated net income of $15.8 million, or $0.31 per diluted share....
New Holland Skid-Steer Loader Celebrates 35th Anniversary
Carol Stream, Ill.-based New Holland Construction is celebrating the 35th anniversary of the company’s first skid-steer loader, the New Holland L35, which was introduced in 1972. ...
Sakai Names British Columbia Dealer
Sakai last week announced the appointment of Pacific Rim Equipment as an authorized dealer in British Columbia....
Nissan Forklift Celebrates 50 Years
Nissan Forklift announced it will celebrate its 50th anniversary this month. The company, which manufactured its first forklifts in Japan in August 1957, first introduced these units to the United States in 1965 under the Datsun brand. According to the company, by 1984 Nissan Forklift was No. 1 in sales of Japanese forklifts in the U.S....
Palmer Johnson Names Parsons President
Palmer Johnson Power Systems last week named Craig Parsons president. The position had been vacant since the partial retirement of former president Gary Sorg in 2004. Parsons had served as general manager during this period....
Deutz AG Sells Power Systems Unit to 3i
Deutz AG has signed an agreement to sell its gas engines and diesel engines business for decentralized power generation to 3i, a European private equity and venture capital firm, for €360 million (about U.S.$496 million). The transaction is expected to close by the end of the third quarter, subject to approval by the supervisory board of Deutz AG and antitrust authorities. ...
Terex and Polaris Laboratories Form Strategic Alliance
Terex Roadbuilding and Polaris Laboratories this month announced the implementation of Terex’s new managed maintenance fluid analysis program, which covers equipment from the manufacturer’s mobile concrete and asphalt lines including slipform pavers, trimmers, asphalt pavers, cold planers, reclaimer/stabilizers and material transfer vehicles. The strategic alliance is expected to enhance both the customer service objectives and equipment reliability and productivity goals that both companies support....
Astec Industries Finalizes Acquisition of Chipper Manufacturer Peterson Inc.
Chattanooga, Tenn.-based Astec Industries last week finalized the previously announced purchase of Peterson Inc. located in Eugene, Ore....
IronPlanet Names New Chairman and CEO
Pleasanton, Calif.-based IronPlanet named Gregory Owens chairman and CEO of the organization, effective Aug. 1. Owens will also join the company's board of directors on that date....
Allen Engineering Corp. Names New President
The board of directors of Allen Engineering Corp. recently announced several new corporate officer promotions effective immediately....
Toro Donates Equipment To Assist In 35W Recovery Efforts
At the request of the City of Minneapolis, The Toro Co. last week provided recovery crews assisting in the 35W bridge collapse with six Toro Workman utility vehicles. ...
Gehl Announces Officer Appointment
West Bend, Wis.-based Gehl Co. last week announced the appointment of Brian Pearlman to the position of vice president, human resources. Pearlman previously held a number of positions with various divisions of Textron, most recently as director of human resources for Cessna Aircraft Co. ...
Volvo CE Purchases 81 Acres for New Customer Center
Volvo Construction Equipment North America, Asheville, N.C., announced that it has purchased approximately 81 acres of land in north Buncombe County for the development of a new customer center. ...
Recently Acquired Ingersoll Rand Stores Now Operating With Volvo Name
The acquisition of the road machinery division of Ingersoll Rand in April 2007 by Volvo Construction Equipment included 20 Ingersoll Rand company stores providing sales, service, parts and rental to construction equipment customers in their markets. The company stores organization, formerly Ingersoll Rand Equipment & Services, began operating as Volvo Construction Equipment & Services on July 1....
Manitowoc Promotes Key Asia Executives
T.R. Badarinarayan was named president of the new Potain India, the company said last week. Badarinarayan was chief executive of Shirke Construction Equipment, which was acquired earlier this month by the Manitowoc Co. The new business will operate as Potain India Pvt. Ltd....
Atlas Copco Acquires Mafi-Trench, Expands in Oil and Gas Markets
Atlas Copco has signed an agreement to acquire the assets of Mafi-Trench Corp., a leading U.S.-based supplier of turboexpanders for the oil and gas industry. Mafi-Trench provides machinery including expander compressors and expander generators, which treat gases at cryogenic temperatures. Applications are mainly for the hydrocarbon markets, including natural gas processing, petrochemicals and power generation. The company had sales in 2006 of approximately SEK 360 million (about U.S. $54 million) and more than 120 employees. ...
Blastrac Announces End-of-year SPARC Dates
Blastrac Global will hold the next round of Surface Preparation Academic Resource Center classes Sept. 18-20, Oct. 23-25 and Nov. 27-29....
Volvo CE Acquires Canadian Forestry Products Manufacturer
Volvo CE has acquired certain assets of Canadian forestry machinery manufacturer Technologies Direct, the Sweden-based manufacturer said last week. ...
Wacker to Build Ground Heaters Factory
The members of the executive board and supervisory board of Wacker Construction Equipment AG last week approved the construction of a new manufacturing facility for Ground Heaters Inc., which the company acquired in 2006....
United Rentals Buys 80 UpRight Personnel Lifts
United Rentals has purchased a fleet of UpRight TM12 personnel lifts, the high-reach manufacturer said. ...
Pearlman Acquires Stone Tool Supply
Pearlman Industries, a Harbour Group company and parent of Pearl Abrasive Co. and Keystone Tools, last week completed the acquisition of Stone Tool Supply, Harbour CEO Jeff Fox said last week....
New Holland Construction Receives AE50 Award for L185 Skid Steer
New Holland Construction earlier this month received the Top 10 AE50 award from the American Society of Agricultural and Biological Engineers (ASABE) for the On-the-Go Two-Speed Shift feature that gives operators of the Super Boom L185 skid-steer loader the ability to shift from high to low range at the touch of a fingertip....
Haulotte Group Competes in the Moto GP World Championship
Competing in another major sporting event, the Haulotte Group sponsors the Repsol Honda team for the 125cc and 250cc classes in the Moto GP World Championship....
Volvo Construction Equipment Names Vice President of Customer Support
Ken Silverman has been appointed vice president, Customer Support, for Volvo Construction Equipment North America, which is the sales, market and product support subsidiary of Volvo Construction Equipment (Volvo CE). ...
Atlas Copco Acquires Remaining Shares in Chinese Drill Bit Maker
Stockholm, Sweden-based Atlas Copco has acquired the remaining 40 percent of shares in Wuxi-Hobic Diamond Bit Co Ltd, China, from its current joint venture partner, after receiving approval from the Chinese authorities....
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