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Daily news and top headlines for manufacturing professionals

Lafarge Pays $12.9B For Egypt's Orascom Cement

December 10, 2007 4:53 am | by Emma Vandore, Associated Press Writer | News | Comments

World's largest cement maker is buying Oasacom Cement, a leading player in the cement and building materials industry in the Middle East and Mediterranean basin.

Teledyne To Buy Underwater Components Maker

December 10, 2007 4:50 am | News | Comments

Electronic components and instruments maker agrees to buy Impulse Enterprise, a San Diego-based maker of underwater electrical interconnection systems.

Trian Raises Stake In Cadbury Schweppes

December 10, 2007 4:45 am | News | Comments

Hedge fund group run by billionaire Nelson Peltz increases holdings in chocolate maker to 4.5 percent.

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Japan's Eisai Buying MGI Pharma For $3.9 Billion

December 10, 2007 4:41 am | by Carl Freire, Associated Press Writer | News | Comments

Japanese drugmaker purchasing the U.S. biopharmaceutical company to boost its cancer drug business and sustain sales growth.

ArcelorMittal Bids For China Oriental

December 7, 2007 5:10 am | by Cassie Biggs, Associated Press Writer | News | Comments

World's largest steelmaker will offer at least $1.65 billion for the remaining shares in China Oriental Group Co. that it does not own.

CommScope's Acquisition Of Andrew Corp. Approved

December 7, 2007 4:45 am | News | Comments

Justice Department approves cable and wire manufacturer’s $2.6 billion purchase of fellow communications equipment maker — with conditions.

Edwards Lifesciences Selling LifeStent Line

December 7, 2007 4:18 am | News | Comments

Heart valve maker will sell its LifeStent line of stents to C.R. Bard Inc. for up to $140 million to focus on its core businesses.

ArcelorMittal To Buy Slovakian Ferroalloy Supplier

December 6, 2007 5:27 am | News | Comments

Steelmaker said it would buy a Slovakian plant that supplies ferroalloys to its eastern European mills in the Czech Republic and Poland.

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Patheon Selling OTC Manufacturing Business To Pharmetics

December 6, 2007 4:29 am | News | Comments

Pharmetics will acquire Patheon's operations in Fort Erie and Burlington, Ont., for $5.75 million and continue employing entire workforce.

Continental Focused On Growth After VDO Acquisition

December 5, 2007 4:43 am | by Christoph Rauwald, Dow Jones Newswires | News | Comments

Chief executive of automotive components and tire maker says company will focus on growth and not cost cuts after its acquisition of Siemens AG's VDO auto unit.

Miller, Molson Coors Distributors May Opt To Consolidate

December 4, 2007 11:25 am | by Sandy Shore, AP Business Writer | News | Comments

Some distributors of just Miller or Molson Coors products are looking at buying competitors as they grapple with rising costs for fuel, materials and labor.

80-Year-Old Jays Potato Chip Company Closing Plant

December 4, 2007 5:19 am | News | Comments

Bankrupt snack food maker Jays Foods Inc. will close its plant on Chicago's South Side, putting 220 people out of work.

Parker Hannifin Acquires Texas Thermowell

December 4, 2007 5:15 am | News | Comments

Motion-control systems maker purchased the manufacturer of equipment to protect temperature sensors from Bravura Ltd. for an undisclosed amount.

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ArcelorMittal Buys U.K. Steel Distributor

December 4, 2007 5:06 am | News | Comments

World's largest steelmaker agreed to buy NSD Ltd. for an undisclosed sum to boost its market share in Britain.

Daimler Truck Unit Buys Stake In Indonesian Companies

December 3, 2007 4:18 am | News | Comments

Automaker's Mitsubishi Fuso Truck and Bus Corp. acquired stakes in a pair of vehicle builders to strengthen its position in the Indonesian market.

Kraft Completes Cookie Deal

November 30, 2007 5:34 am | News | Comments

Food maker says $7.8 billion acquisition of Groupe Danone cookie division will strengthen its presence overseas.

EU Clears Continental To Buy Siemens Unit

November 30, 2007 4:21 am | News | Comments

Regulators approve car parts maker's bid for Siemens' auto electronics unit, saying an investigation removed doubts the deal could hurt rivals.

Esmark: Time To ‘Right-Size’ Wheeling-Pitt

November 29, 2007 5:10 am | News | Comments

CEO James Bouchard says it's time to work with the United Steelworkers to make Wheeling-Pitt a profitable, productive part of Esmark.

Wheeling-Pitt Gets A Makeover

November 28, 2007 5:22 am | by Tim Huber, AP Business Writer | News | Comments

Steelmaker will be known as Esmark Inc. after shareholders approve a takeover bid by Illinois-based Esmark a day earlier.

Textron Buying Columbia Aircraft

November 28, 2007 4:53 am | News | Comments

Maker of Cessna airplanes and Bell Helicopters expects $26.4 million acquisition of the bankrupt aircraft manufacturer to close Dec. 4.

Regulators Clear NewPage's Purchase Of 8 Paper Mills

November 26, 2007 7:58 am | News | Comments

Paper maker’s $2.1 billion purchase of mills from Finnish paper giant Stora Enso Oyj approved by antitrust regulators.

Philips To Buy U.S. Lighting Maker Genlyte

November 26, 2007 4:55 am | by Toby Sterling, AP Business Writer | News | Comments

Philips says the $2.7 billion acquisition will allow it to surpass rival General Electric Co. as the largest lighting company in North America.

BHP Billiton Trying To Acquire Rival Mining Company

November 21, 2007 4:48 am | News | Comments

Australian company's CEO says takeover of Rio Tinto would be good for steel industry — but steel groups criticize the move, saying it will create an iron ore monopoly.

EU OKs $350 Million Emerson Electric Purchase

November 20, 2007 9:50 am | News | Comments

European antitrust regulators OK deal in which the U.S. electrical products maker will buy the embedded communications computing business of cell phone maker Motorola Inc.

Brazilian Company Buying U.S. Zinc

November 20, 2007 8:05 am | News | Comments

Ohio-based Aleris International selling the business to mining and metals company Votorantim Metais for $295 million.

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