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WESTLAKE, OH – Nordson Corp. acquired its longtime German distributor GLT mbH for an undisclosed sum.
GLT employs 41 and has been a distributor of Nordson EFD’s dispensers and related products in Germany since 1977.
GLT’s revenues and other financial terms of the agreement were not disclosed.
NEVADA CITY, CA – New Venture Research Corp. acquired the market research business of Electronic Trend Publications on Jan. 1.
ETP publishes market research reports for advanced electronics and energy technologies.
NVR and ETP have worked together for more than 16 years.
BETHESDA, MD – The US Consumer Product Safety Commission will hold a public meeting here tomorrow to discuss rulings on lead in electronics devices and a mandatory recall notice.
POST FALLS, ID – Integrated Ideas & Technologies Inc. has opened a second facility.
The new 8,000 sq. ft. location will be used mostly for just-in-time inventory for clients of its metal fabrication division.
The company also has a 23,000 sq. ft. facility, where it offers laser-cut stencils for surface mount applications.
The firm’s market base includes aerospace, defense, communications and electronics.
IIT expects AS9100 and ITAR registrations to be completed in early 2010.
BANNOCKBURN, IL – A new industry white paper defines limits to guide use of several common SAC solders.
TEMPE, AZ – Manufacturing expanded in December for the fifth consecutive month, according to an industry report released today.
The December purchasing managers index rose 2.3 points to 55.9%, says the Institute for Supply Management. A reading above 50% is considered a sign for future expansion.
The PMI reached its highest mark since April 2006, when it registered 56%.
New orders grew to 65.5%, up 5.2 percentage points, while production steadily increased 1.9 points to 61.8%.
Inventories were up 2.1 points to 43.4%, and customer inventories fell 2 points to 35%. Backlogs also dropped 2 points to 50%.
The overall economy grew for the eighth consecutive month, says ISM.
“This month's report is quite strong, as both the New Orders and Production Indexes are above 60%. The sector may be benefiting from an excessive destocking cycle, as indicated by the recent performance of the Customers' Inventories Index. Customers' inventories have been 'too low' for nine consecutive months, and this month's index is the lowest reading since the inception of the index in January 1997. Overall, the recovery in manufacturing is continuing, but there are still some industries mired in the downturn, as evidenced by the seven industries still in decline,” said ISM spokesperson Norbert J. Ore.
Press Releases
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