Weyerhaeuser Finds Prospective Buyer For Cosmopolis Pulp Mill; Intends To Sell Elma, Washington Veneer PlantJanuary 25, 2007 6:34 am | by Anita LaFond, News Editor, Manufacturing.net | News | Comments
Charleston Investments might buy pulp mill near Aberdeen, Wash.; Elma plant will continue operations, keep its 73 employees while buyer is found.
Siemens pays $3.5 billion for Texas-based PLM supplier; also plans IPO for automotive supply business, Siemens VDO Automotive (SV).
Navistar unit International Truck will own 51 percent of the new company.
Praxair will integrate Mittler's 210 employees into its North American distribution business.
Private-equity concern Metalmark is buyer.
Deal comes after Board rejected bid in November.
The deal is worth $750 million and is expected to close in the fourth quarter 2007.
Elk Basin and Gooseberry oil fields sold to Encore Acquisition for $400 million.
Also buys 34,000 acres of surface and timber.
Deal expected to be done in second quarter.
Private equity group LS Power buying the gas-fired plants.
Company makes engine components and integrated systems.
The U.S. government - specifically the Treasury Department's Committee on Foreign Investment in the U.S. - has approved the takeover of Oregon Steel by Russia's biggest steel company, Evraz.
WhereNet expected to post sales of about $50 million this year.
Acquisition, for $84 million, will give Standex a presence on the "hot side" of food service equipment market.
TransDigm purchasing aerospace product manufacturer for $430 million.
Genstar will acquire International Aluminum for $53 per share or $228 million.
Fabristeel makes hot and cold foodservice equipment.
Speculation from a Citigroup analyst on Tuesday morning notes GE's plastics unit could receive bid of more than $10 billion.
Acquisition, for $300 million, will be completed in first quarter of 2007.
Floralife will be a wholly owned subsidiary of Smithers-Oasis.
Deal is worth $481 million.
Two deals combined worth nearly $4 billion.
Whirlpool has sold several of the former Maytag facilities, following the company's April acquisition.
Federal Signal selling its three cutting tool businesses for $67 million.