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Daily news and top headlines for manufacturing professionals

Alcatel-Lucent Inks Deal With China Huaxin

February 6, 2014 10:47 am | News | Comments

French-U.S. telecommunications equipment company Alcatel-Lucent SA says it is in talks to sell its business that deals with corporate clients to China Huaxin for around 268 million euros ($362 million). The business, known as Enterprise, has nearly 3,000 employees. The deal is expected to close in the third quarter.

Whitmore Acquires Fluid Defense Systems

February 5, 2014 4:13 pm | News | Comments

The Whitmore Manufacturing Company announced today its acquisition of Fluid Defense Systems, LLC, a manufacturer of fully-integrated lubricant storage and handling solutions. Whitmore says that since 2001, Fluid Defense had grown to being recognized in lubricant handling and contamination control for food and beverage and industrial manufacturing.

Anheuser Busch To Buy Blue Point Brewing

February 5, 2014 9:57 am | News | Comments

Anheuser Busch InBev's U.S. arm is buying craft brewer Blue Point Brewing Co. Financial terms were not disclosed. Blue Point makes more than 40 craft beers, including Toasted Lager, Hoptical Illusion, Blueberry Ale and seasonal brands, among others.

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On Chrysler’s Dismissals, Shaky U.S. Credibility

February 5, 2014 8:26 am | by Joel Hans, Managing Editor, Manufacturing.net | Blogs | Comments

Amid the news that Chrysler was being merged with its Italian owners Fiat, and many still-unanswered questions about the future of what used to be one of America’s “Big 3” automakers, the company has doubled-down on its very U.S.-focused — and some say ironically xenophobic — advertising scheme.

Entegris To Buy ATMI For About $1.15B

February 4, 2014 11:34 am | News | Comments

Entegris Inc. has reached a deal to buy fellow semiconductor materials maker ATMI in a deal worth about $1.15 billion. The deal announced Tuesday brings together two key suppliers in the semiconductor industry to create a leader in advanced process materials, contamination control and wafer handling, Entegris said.

Forest Labs Completes $2.9B Purchase Of Aptalis

February 4, 2014 8:50 am | News | Comments

Forest Labs said Monday it completed its $2.9 billion purchase of Aptalis, a company that makes treatments for gastrointestinal problems and cystic fibrosis. Forest said the acquisition of Aptalis will give it about $700 million in revenue in its next fiscal year.

Valeant Buying PreCision Dermatology For $475M

February 3, 2014 12:38 pm | News | Comments

Valeant Pharmaceuticals is looking to expand its skin care business by buying PreCision Dermatology for $475 million. Cumberland, R.I.-based PreCision Dermatology makes treatments for skin ailments such as acne and atopic dermatitis, an itchy, chronic skin inflammation.

Altria Acquires E-Cig Maker Green Smoke For $110M

February 3, 2014 12:03 pm | News | Comments

Marlboro maker Altria Group Inc. says it is buying electronic cigarette company Green Smoke Inc. for about $110 million. The Richmond, Va.-based owner of Philip Morris USA said Monday that the transaction is expected to close in the second quarter.

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Bristol-Myers Completes Diabetes Business Sale

February 3, 2014 10:54 am | News | Comments

Drug developer Bristol-Myers Squibb Co. has received a $2.7 billion payment from Anglo-Swedish counterpart AstraZeneca PLC as part of the sale of its global diabetes business, a deal that could eventually be worth more than $4 billion.    

Post Buying PowerBar, Musashi Brands From Nestle

February 3, 2014 7:51 am | News | Comments

Post Holdings Inc. is buying the PowerBar and Musashi brands from Nestle SA, further diversifying its business by expanding into the active nutrition category. The PowerBar and Musashi brands make premium bars, powders and gels. Musashi is a leading sports nutrition brand in Australia.

Regulator OKs Thermo Fisher $13.6B Life Tech Deal

January 31, 2014 2:43 pm | News | Comments

The Federal Trade Commission said Friday it has approved Thermo Fisher Scientific Inc.'s $13.6 billion acquisition of Life Technologies Corp., as long as the scientific instrument maker sells some assets to a unit of General Electric Co.   

Manufacturing.net Rewind: Chrysler Gets A New Name; Manufacturers Are Leaving China

January 31, 2014 2:15 pm | News | Comments

Check out some of this week's top headlines from across Manufacturing.net, from an 83-year-old nun awaiting a sentence for sabotage to Obama's State of the Union speech. Also, Toyota may recall cars because the seats might not meet flammability standards, and Snowden says the NSA also spied on industry.

Google's Motorola Misstep Could Be Lenovo's Boon

January 30, 2014 7:59 am | by Michael Liedtke, AP Technology Writer | News | Comments

The deal will rid Google Inc. of a financial headache that has plagued the Internet company since buying Motorola Mobility for $12.4 billion in 2012. Motorola has lost nearly $2 billion since Google took over, while trimming its workforce from 20,000 to 3,800.

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Photo Of The Day: Chrysler’s New Logo

January 29, 2014 2:44 pm | by Joel Hans, Managing Editor, Manufacturing.net | News | Comments

The rumors are true — Chrysler and Fiat have been merged into a single company under the name Fiat Chrysler Automobiles NV. Along with the new name is a completely new logo. We want to hear your thoughts.           

Sony To Buy Semiconductor Plant From Renesas

January 29, 2014 11:26 am | News | Comments

Sony Semiconductor Corp., a Sony unit, will take over some 80 percent of the about 680 workers as of last Oct. 1 at the Tsuruoka semiconductor plant in Yamagata Prefecture to produce image sensors for smartphones and cameras.    

Chrysler, Fiat Move Forward As Single Company With New Name

January 29, 2014 8:27 am | by Tom Krisher, AP Auto Writer | News | Comments

Fiat's board of directors agreed on the name Fiat Chrysler Automobiles NV, with headquarters for tax purposes in the United Kingdom. But the board sidestepped the thorny political issue of whether the true headquarters would be in the United States or Italy.

Martin Marietta Buying Texas Industries For $2.06B

January 28, 2014 3:32 pm | News | Comments

Martin Marietta Materials is buying Texas Industries in an all-stock deal worth $2.06 billion. Martin Marietta says the combined company will be a leading supplier of aggregates and heavy building materials with a strong presence in large, fast-growing markets.

Google Buys Artificial Intelligence Startup In UK

January 27, 2014 11:24 am | News | Comments

The American tech giant's London office confirmed a deal had been made but refused to offer a purchase price, which is reportedly $500 million. The company was founded by researcher Demis Hassabis together with Shane Legg and Mustafa Suleyman.

Qualcomm Buys Palm Patents From Hewlett-Packard

January 24, 2014 7:47 am | News | Comments

Qualcomm Inc. said Thursday it has acquired patents once owned by smartphone maker Palm Inc. from Hewlett-Packard for an undisclosed amount. Qualcomm says the purchase covers 1,400 U.S. patents and about 1,000 more foreign patients for the company's mobile computing technology.

Lenovo Buys Part Of IBM Server Business For $2.3B

January 23, 2014 8:11 am | by Joe McDonald, AP Business Writer | News | Comments

Lenovo, the world's biggest personal computer maker, said Thursday it expects to offer jobs to 7,500 IBM employees as part of its acquisition of the x86 server business. The acquisition will accelerate Lenovo's moves to expand beyond its traditional PC business, said Peter Hortensius, a senior vice president.

Verizon Buys Intel Unit, Preps Mobile TV Service

January 22, 2014 9:03 am | by Ryan Nakashima, AP Business Writer | News | Comments

Verizon said the acquisition will help it accelerate the development of a next-generation video services based on Internet protocols and reduce the cost of building its own. Currently, Verizon FiOS video subscribers can stream some live channels over mobile devices, but the selection is limited and most channels can't be viewed outside the home.

Astronics To Buy EADS Testing Unit For $53M

January 22, 2014 8:08 am | News | Comments

Astronics Corp., which makes products for aerospace, electrical power and other industries, says it's buying the test and services division of EADS North America for $53 million in cash. The company said Tuesday that the deal is expected to close next month, and the price could be adjusted for working capital.

Chrysler Becomes Subsidiary Of Fiat

January 21, 2014 12:16 pm | News | Comments

Fiat SpA said Tuesday that it closed the deal announced Jan. 1 with the cash payment of $1.75 billion to a union-controlled trust fund. That's on top of an initial $1.9-billion payment, which was arranged through a special distribution from Chrysler. Fiat also made the first installment on an additional $700 million payment.

Third Point Says It Bought Stake In Dow Chemical

January 21, 2014 10:55 am | News | Comments

Hedge fund Third Point LLC said Tuesday that it has acquired a significant stake in Dow Chemical and wants the company to spin off its petrochemicals division. Dow Chemical Co. shares jumped $2.25, or 5.2 percent, to $45.32 in morning trading after rising as high as $46.70 earlier. The stock has been trading around six-year highs.

Tyson Foods Acquires Michigan Company

January 21, 2014 7:59 am | News | Comments

Tyson Foods, one of the world's largest meat-processing companies, says it's acquired the assets of Bosco's Pizza Co. of Warren, Mich. Bosco's produces a variety of stuffed bread sticks and frozen pizzas for food service and retail customers throughout the Midwest and at some national retailers.

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