Industry Update

May 1, 2013

Berkshire Hathaway to acquire balance of IMC International Metalworking Companies for $2.05 billion

Berkshire Hathaway Inc., IMC International Metalworking Companies B.V., and IMC’s founding Wertheimer family, announced that Berkshire Hathaway has acquired from the Wertheimer family the 20 per cent of IMC International Metalworking Companies that it does not already own, for consideration of US$2.05 billion.

Read more: Warren Buffet to become sole owner of cutting tool supplier IMC

April 25, 2013

"We're bringing some parts back in-house that were manufactured in Korea and India.

Read more: Open for business: machine tool event brings out the crowds

April 17, 2013

Close to 3000 people attended the recent Haas Automation Inc. open house at the company's headquarters and manufacturing facility in Oxnard, CA.

Read more: HaasTec open house draws close to 3000

April 8, 2013

by Tim Wilson

Automotive OEMs challenged by market demands for innovation at a low cost

Read more: Balancing act

March 14, 2013

MSC Industrial Direct Co., Melville, NY, is entering the Canadian market with its acquisition of Barnes Distribution North America.

Read more: MSC Industrial to service customers in Canada

March 9, 2013

GM Canada plans to invest $250 million in its CAMI assembly plant in Ingersoll, ON. The investment will be used to install flexible body shop equipment and tooling, converting the manufacturing facility to support future vehicle production.

Read more: GM Canada to invest $250 M in Ontario plant

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