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Business: Page 282
Business
Contractor of the Year Finalist: Dale and Nicki Gillepsie
Dale Gillespie’s wife Nicki says she went into their marriage with her eyes wide open. “We were high school sweethearts,” she recalls fondly. “I used to go with him to cemeteries on dates. He’d have to excavate a ditch or dig a grave … I’d just wander around the cemetery and read the tombstones to […]
July 4, 2006
Business
Singapore-based company to buy B.R. Lee Industries
Singapore Technologies Engineering announced May 1 that its subsidiary Vision Technologies Land Systems has agreed to acquire B.R. Lee Industries for $129 million. Based in North Carolina, B.R. Lee makes LeeBoy and Rosco brand asphalt pavers and brooms. ST Engineering says the acquistion is in line with its plan to develop its land systems sector […]
June 12, 2006
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Business
Cummins launches new branding strategy
Cummins announced a global branding strategy May 9 designed to make doing business with the company easier for customers. Cummins says the new branding strategy unites all its businesses and products under the Cummins brand name and calls for a bolder look for its logo. Cummins business descriptors will be standardized as follows: · Cummins […]
June 12, 2006
Business
Terex buys interest in Chinese truck crane manufacturer
Terex has acquired a 50 percent interest in Sichuan Changjiang Engineering Crane, a producer of on-highway truck cranes based in Luzhou, Sichuan Province, China. The senior management of Changjiang Crane owns the remaining 50 percent interest in the company. “There is a significant opportunity to grow this business both inside and outside of China, and […]
June 12, 2006
Business
Link-Belt to use TDCI software for distributor support
Software provider TDCI announced April 20 that Link-Belt selected its BuyDesign sales and configuration product as its Internet-based distributor support system. Link-Belt will use BuyDesign to give distributors the ability to configure, quote and order telescopic and lattice boom cranes as well as service parts and upgrade components. Distributors will also have self-service access to […]
June 12, 2006
Business
Global Rental Alliance discusses industry trends
At a meeting held recently in Orlando, Fla., members of the Global Rental Alliance discussed trends in equipment theft and recovery, legislation and regulation, research, insurance and education. Overall, the group concluded, the economy continues to fuel growth of the rental concept, entry into the business and in some countries, continued consolidation of the industry. […]
June 12, 2006
Business
Linder Industrial to offer Valmet forestry equipment
Linder Industrial Machinery, the Komatsu distributor in Florida, South Carolina and North Carolina, is now carrying the Valmet line of forest equipment products from Komatsu Forest. “We are proud to be a distributor for Komatsu Forest,” said Jeff Cox, president of Linder. “Our technicians have been through extensive training and certification for servicing the Valmet […]
June 12, 2006
Business
Trimble acquires Quantm International
Trimble, a producer of GPS technology, has acquired privately held Quantm International and its subsidiary Quantm Ltd. in a cash transaction. Quantm specializes in transportation rout optimization software used for planning highways, railways, pipelines and canals. “The Quantm acquisition positions us to provide our customers with productivity enhancing products that cover more phases of a […]
June 12, 2006
Business
John Deere gives Lord Corporation highest supplier rating
John Deere has recognized Lord Corporation, a company that designs, manufactures and markets devices and systems to manage mechanical motion and control noise and vibration, as a partner-level supplier in Deere’s Achieving Excellence program. Members in the program are evaluated annually in several categories, including quality, delivery, cost management and technical support. Deere started the […]
June 12, 2006
Business
Caterpillar to acquire reman business
Caterpillar has agreed to acquire the rail and non-Cat engine component remanufacturing business of OEM Remanufacturing, a subsidiary of Cat dealer Finning International. OEM Reman has also entered into a two-year agreement to provide remanufacturing services to Caterpillar while Caterpillar handles sales and marketing functions. The agreement will not affect the remanufacturing work OEM Reman […]
June 12, 2006
Business
Volvo purchases 40 million shares in Nissan Diesel
Volvo has become a major shareholder in Nissan Diesel with the purchase of 40 million common shares — 13 percent of all shares — for $1.5 billion. “Nissan Diesel has undergone a major and positive change in recent years and is today one of Asia’s leading manufacturers of trucks,” said Leif Johansson, president and chief […]
June 12, 2006
Business
Acquisition produces lake, stream construction firm
Colorado Lining International has purchased Alliance Golf Corporation and formed ClearWater Construction International, which will combine CLI’s liner fabrication and geosynthetic business with Alliance Golf’s water feature and dirt moving abilities. “The Alliance acquisition furthers CLI’s long-time philosophy of providing the best combination of products and services to our clients,” said John Heap, president of […]
June 12, 2006
Business
Terex names president of Asian division
Hyeryun Lee Park will fill the newly created position of Terex Asia president. “Hyeryun has consulted with Terex over several years and is uniquely qualified to help us grow our business in Asia,” said Ronald DeFeo, chairman and chief executive of Terex. Lee Park was most recently president and owner of Midas Alliance Group, a […]
June 12, 2006
Business
Investor EQT buys DaimlerChrysler off-highway unit
After being made public in December, the sale of DaimlerChrysler’s off-highway business unit to Swedish investor EQT has become legally binding. The German government along with international antitrust authorities have approved the sale.
June 12, 2006
Business
Thomas Equipment common stock to be traded on AMEX
Thomas Equipment’s common stock has been approved for trading on the American Stock Exchange under the stock symbol THM. Thomas management expects shares to begin trading on the AMEX during the week of March 13. “The exchange’s specialist system should minimize trading volatility and increase liquidity as our business growth gains momentum,” said David Marks, […]
June 12, 2006
Business
Atlas Copco acquires Japanese tool manufacturer
Atlas Copco KK Japan has acquired Japanese tool manufacturer Fuji Air Tools, a company with primary operations in Osaka, Japan, and joint ventures in Australia, India, Brazil and Mexico. Fuji Air Tools, which manufactures and distributes standard and specialized air powered tools and accessories, will become a part of the recently formed CP Industrial division […]
June 12, 2006
Business
Key Equipment Finance announces promotion
Key Equipment Finance has named Kelly Reale vice president and director of product development. Reale joined Key Equipment Finance in 1994 as an officer in the credit department of its commercial leasing services division. She became regional business unit manager in 1998 and project manager in 1999. In 2000, she joined corporate development as director […]
June 12, 2006
Business
Extec names president of North American operations
Extec has named Ken Sauer president of North American operations following a restructuring of the company’s global operations. As president, Sauer is responsible for all facets of Extec’s North American operations, including sales, after-sales support and dealer appointments. Prior to being promoted to this new position, he spent more than a decade as chief financial […]
June 12, 2006
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