PF Blog

Graco Sells Liquid Finishing Business Assets

13. October 2014

 

 

Graco Inc. announced Oct. 10 that it has signed a definitive agreement to sell the liquid finishing business assets that were purchased as part of Graco’s acquisition of the Finishing Brands business from Illinois Tool Works in 2012.

 

The $590 million cash transaction with Carlisle Companies Incorporated is anticipated to close no later than the first quarter of 2015 and is subject to regulatory approval and other customary closing conditions.

 

Carlisle Companies Incorporated is a global diversified company that designs, manufactures and markets a wide range of products that serve a broad range of niche markets including commercial roofing, energy, agriculture, mining, construction, aerospace and defense electronics, foodservice, healthcare and sanitary maintenance.

 

The divestiture is expected to be in compliance with the final Decision and Order that the United States Federal Trade Commission approved on Monday, October 6, 2014, which requires the Company to complete a sale of the Liquid Finishing business assets within 180 days of the Decision and Order.

 

The liquid finishing business assets included in the sale to Carlisle are those involved in the development, manufacture and sale of Binks spray finishing equipment, DeVilbiss spray guns and accessories, Ransburg electrostatic equipment and accessories, and BGK curing technology, all of which Graco is required to divest under the Decision and Order. The 2012 acquisition of Finishing Brands from ITW also included Gema, a global leader in powder coating technology, which passed review by the FTC and is now part of Graco. No other Graco businesses or assets are included in the transaction with Carlisle.

 

“The Gema business is a strong performer and an outstanding strategic addition to our portfolio,” said Patrick J. McHale, Graco’s President and CEO. “We are happy to have Gema as part of Graco and are looking forward to continuing to build upon its strengths.”

 


Walmart, Google Headline FABTECH 2014 Presentations

10. October 2014

Cindi Marsiglio from Walmart will be a featured speaker at FABTECH.

 

FABTECH, North America’s largest metal forming, fabricating, welding and finishing event, features an all-star lineup of speakers and panels this November. Keynote presentations by executives from Google Enterprise and Walmart, a special Veterans Day panel on how veterans can help bridge the skills gap, predictions for the coming year from top manufacturing executives, and a motivational speech by a U.S. veteran and football star are just a few of the special events at FABTECH  2014.

 

FABTECH will be held at the Georgia World Congress Center in Atlanta on Nov. 11-13, 2014, and is expected to bring together 27,000 attendees and more than 1,400 exhibiting companies demonstrating the latest industry products and solutions.

 

Cindi Marsiglio, Walmart’s vice president for U.S. manufacturing, will kick off FABTECH with a keynote presentation at 9 a.m. on Nov. 11 on “Creating U.S. Jobs and Bringing Manufacturing Home.” Walmart has committed to spend $250 billion dollars over the next decade on U.S. made products in an effort to grow and expand U.S. manufacturing and encourage the creation of jobs. Marsiglio will discuss how Walmart is taking a leadership role in moving manufacturing back to the U.S. and working to find solutions to major barriers to on-shoring manufacturing.

 

In celebration of Veterans Day, FABTECH will hold a special panel on “Bridging the Manufacturing Skills Gap with Veterans” at 12:30 p.m. on Nov. 11. With high demand for people to fill skilled manufacturing jobs in the U.S., and thousands of veterans and National Guard members exiting military service looking for civilian careers, five leaders from organizations that connect veterans and manufacturers will discuss how veterans could be the key to bridging the skills gap.

 

Four-time Super Bowl champion and Vietnam War veteran Rocky Bleier will speak at 8:30 a.m. on Nov. 12.  Bleier will discuss the parallels he sees between the struggles he faced in the past and the challenges all business people face in today’s crowded, competitive marketplace. Rocky will also make a special guest appearance at the FABTECH Industry Night reception from 5:30 – 7:30 p.m. at the College Football Hall of Fame.

 

Mike Walton, head of enterprise manufacturing for Google, will give two presentations at FABTECH.  Walton works with Fortune 500 manufacturers to introduce game-changing strategies and technologies into their manufacturing operations.  He will give an in-depth demonstration of big data integration for manufacturing at 10 a.m. on Nov. 12.  On Nov. 13, Walton will speak on “Transforming Your Manufacturing Business for the New Digital Age” at 8:30 a.m. In this presentation, FABTECH attendees will learn how to accelerate new product initiatives and time-to-profit using the latest digital technology and tools.

 

The “State of the Industry – Executive Outlook” panel will take place on Nov. 12 at 12:30 p.m. Todd Henry, operations manager at Caterpillar, Inc., Dave Whelan, senior vice president for supply chain at BlueBird Corp. and Raj Batra, president of the Industry Automation Division at Siemens, will discuss whether they believe the manufacturing sector might be experiencing a renaissance or just an up-tick. The panel is moderated by Edwin Stanley of GH Metal Solutions.

 

All of these special events are open to all registered FABTECH attendees. More information can be found on the special events page. You can also learn more about FABTECH or register to attend on the event website fabtechexpo.com.

 

The five FABTECH co-sponsors represent a wide variety of expertise and include: SME, the American Welding Society (AWS), the Fabricators & Manufacturers Association, International (FMA), the Precision Metalforming Association (PMA), and the Chemical Coaters Association International (CCAI). Together, these associations bring unmatched technical proficiency and industry insight to the 2014 FABTECH exposition and conference.


Survey Says NASF SUR/FIN Continues To Increase In Value

8. October 2014

 

 

Results of a recent survey conducted by the National Association for Surface Finishing (NASF) revealed 2014 SUR/FIN Manufacturing and Technology Conference attendees found significant added value in taking their conference participation to the trade show floor.

 

Overall, 98 percent of SUR/FIN’s nearly 1,200 surveyed attendees visited the trade show to network and check out the latest innovations and technologies in the industry. In fact, an average of 60 percent of 2014 participant’s time was spent connecting with exhibitors on the trade show floor.

 

SUR/FIN organizers attribute the trade show’s rising success to their attention to strengthening the quality of the experience for both exhibitors and attendees.

 

“Our commitment to quality is the foundation behind the success of the show,“ said 2015 SUR/FIN Conference Chairman, Mark Norton of Grand Rapids-based Walgren Company. “Our goal has always been, and continues to be, producing the industry’s most prominent event for industrial finishing professionals looking to network with top industry analysts, thought leaders and product experts.”

 

As a result, this year’s SUR/FIN Conference and Trade Show enjoyed a strong boost in image. Survey results show 90 percent of attendees recommend SUR/FIN to their peers and partners in the industry.

 

Early statistics for SUR/FIN 2015 confirm this positive feedback. Over 85 percent of exhibit space is already sold, and exhibit reservations are filling up fast.  For more information and to reserve exhibit space, visit nasfsurfin.com.

 


Mid-Atlantic Finishing's B.J. Mason Passes Away

6. October 2014

 

 

B.J. Mason, founder and President of Mid-Atlantic Finishing in Maryland and a past president of the American Electroplaters and Surface Finishing Society, died Saturday, October 4.

 

Mason formed Mid-Atlantic Finishing in 1976 and saw it become a premier national surface finishing company, providing a vast array of services to industries nationwide. One of his proudest moments came when Mid-Atlantic plated all of the structural steel used in the restoration of the William Penn Statue atop Philadelphia's City Hall.

 

Mason received the Silvio Taormina Award from the National Association For Surface Finishing in 2013.

 

"He was one of a kind and will truly be missed," said Christian Richter, executive vice president of the NASF.

 


Cool Clean Technologies Has A Hot IMTS

6. October 2014

 

One of the hottest booths at IMTS this year had a very “cool” process as Cool Clean Technologies introduced its new cleaning technologies utilizing environmentally friendly CO2.

 

Snow cleaning uses solid CO2 particles to clean the surface removing fingerprints, contaminants, and light oils without causing any damage to the part. Liquid CO2 (LCO2) cleaning uses a different approach. Parts to be cleaned are placed in a wash vessel kept at high pressure enabling the CO2 to remain as a liquid. LCO2 cleans all around the surface and inside the part in  areas difficult to reach with water based cleaning.

 

All of Cool Clean Technologiesprocesses are waterless, chemical-free, and designed to save customers on time and money. For more information, please visit CoolClean.com




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