Platinum Equity announced it has signed a definitive agreement to purchase SCM Metal Products, Inc. from Gibraltar Industries, Inc. for an undisclosed amount. SCM is a global leader in the manufacturing and distribution of copper-based powder and pastes and copper oxide powders to a broad range of industries.
“This is a very exciting time for all [...]
Servigistics, the leading strategic service management solution provider, announced today that Japan-based Komatsu Ltd., one of the world’s largest manufacturers of construction and mining equipment, will implement Servigistics’ award-winning Service Parts Pricing solution globally to optimize pricing and to strengthen its service parts pricing strategy worldwide.
Servigistics Service Parts Pricing is a solution that supports manufacturers [...]
Louis Dreyfus Highbridge Energy LLC (LDH Energy), announced today that one of its operating subsidiaries, LDH Energy Cyrus River Terminal LLC, has purchased the Big Sandy River Dock – a coal facility in Kenova, West Virginia - from Kanawha River Terminals LLC.
“This facility will provide LDH Energy with a merchant platform to connect coal consumers [...]
Brush Wellman Inc. announced today that it has entered into a licensing agreement with Mafco Inc. of Largo, Florida to acquire corrosion protection coating technology as applied to beryllium materials.
The technology will be utilized on select beryllium metal and aluminum beryllium composite products manufactured by Brush Wellman’s Beryllium Products unit. The acquired Mafco technology includes [...]
ERF Wireless, a leading provider of enterprise-class wireless broadband products and services, announced today that it has recently formed a new Oil & Gas Services Division to address growing customer demand in the oil and gas industry for the company’s wireless products and services. Utilizing the resources of its rapidly expanding wireless broadband networks in [...]
Platinum Equity announced today that it has completed the sale of portfolio company PNA Group, a leading processor and distributor of metals products, to Reliance Steel & Aluminum Co. (NYSE:RS) in a transaction valued at approximately $1.1 billion.
The divestiture transaction was previously announced in June. Platinum acquired PNA Group in May, 2006 and created substantial [...]
Venezuela moved closer to nationalizing its oil-rich Orinoco River basin, after four foreign oil companies signed deals giving Venezuela the lion’s share of the profits and two US companies pulled out altogether.
“ExxonMobil and ConocoPhillips are ending their participation in the exploration ventures,” Oil and Energy Minister Rafael Ramirez said Tuesday at the signing ceremony with [...]
President Hugo Chavez said Sunday that Venezuela hopes to gradually sell off its refineries in the United States and build a new network of refineries in Latin America, part of a plan to offer his leftist allies in the region a stable oil supply.
Chavez also raised the idea of issuing a regional bond to raise [...]
Actelis Networks® Inc., the global leader in Carrier Ethernet over Copper(TM) access technology, announced the ML 640 which is the latest innovation in their Carrier Ethernet over Copper access portfolio. The ML 640 enables service providers to create an intelligent Ethernet access edge with sophisticated bandwidth control, traffic management and quality of services features.
Like all [...]
InfraSource Services, Inc., one of the largest specialty contractors servicing electric, natural gas and telecommunications infrastructure in the United States, announced today that M.J. Electric LLC (”M.J. Electric”), an InfraSource company, has been selected to provide construction services for electric transmission line and substation projects for American Transmission Company (”ATC”) in northeastern Wisconsin and Michigan’s [...]
