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El Paso Electric

Utility no longer public traded, hires new CEO El Paso Electric Co. is no longer a publicly traded electric utility, the El Paso Times reported July 29. The company also confirmed the move, along with details of its new board of directors, in a press release the same day: EPE confirmed that its acquisition by […]

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Motion Industries Acquires Two Companies

TRC Hydraulics, F&L Industrial added to Mi roster Motion Industries, the Birmingham, Ala., distributor, announced August 3 the acquisition of two new businesses: a Canadian-based supplier of hydraulic products and services and a California distributor of T-slotted aluminum extrusion components. In business since 1986, TRC Hydraulics has served the Atlantic Canada region (New Brunswick, Nova […]

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Why Your Plant or Shop Should Consider Robotics

More companies are turning to automated processes—which could mean opportunity for your service shop or plant. Partially due to the disastrous economic, socially-distanced, cautious climate that is 2020—and partially due to the steady advancement of technology—robotics are permeating industry at a higher rate than ever. And since many of these processes involve servomotors, robotic arms […]

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PEI Acquires Fibertek

Tennessee manufacturer of tapes and laminates has history dating to 1898 In a union of two historic companies, both proven in the insulation sector, Pittsburgh Electrical Insulation, Inc. (PEI) announced the acquisition of the Electrical Products Division of Fibertek, Inc. of Franklin, Tenn., Tuesday. Fibertek, Inc. is a manufacturer of leading-edge specialty fiberglass tapes and […]

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Renewable Project Goes Bankrupt

DOE-backed plans for solar/storage array at Crescent Dunes haven’t panned out With all the promise of renewable energy technologies, we can get lost in the plethora of feel-good headlines. Especially with integrated projects, such as solar-plus-storage, sometimes it feels like renewable energy ideas are immune to failure. News from the Nevada desert this week proves […]

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Renewable Rise Continues

25% of all U.S. power generation in 2020 has come from renewable sources A Vermont startup company received a million-dollar grant for a project that will emphasize solar-to-energy storage technologies. From the company’s website, with links to Energy Department press release: Vermont-based Norwich Technologies announced last week that it has been awarded a $1.1M U.S. […]

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COVID Via HVAC?

Bombshell report from Bloomberg furthers concerns about airborne transmission A Bloomberg article released Monday was not the first of its kind, but it may become the most-read, due to its insight on how the coronavirus spreads and its questions raised about whether the virus can be contracted through air conditioning systems. "The long-staid world of […]

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Altered AIMS

Milwaukee repair operation purchased by Alter Trading Corp. The executive chairman and CEO of Alter Trading Corp., Robert Goldstein, has purchased a longstanding industrial equipment service center in Milwaukee, AIMS (American Industrial Motor Service), the Business Journals reported Sunday. A complex sale for the layman, here’s how it works: Goldstein’s St. Louis-based GGI (Goldstein Group, […]

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Building Innovation 2020

NIBS virtual meeting keynotes to cover 3D printing, resilience and workforce Looking for creative ways to motivate your workforce during this tough stretch? An upcoming virtual trade show provides ample opportunity to explore new ideas around building resilience, technology and workforce development, presented online for attendees of Building Innovation 2020: Virtual Edition. The annual meeting […]

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Phil It Up: BDS Makes Two Acquisitions

Philadelphia-based bearings company acquirers two area repair ops and distributors Bearing & Drive Solutions (BDS) of the Philadelphia region, a familiar name in the world of industrial distribution since 1978, has acquired two more stalwarts in the industry: Philadelphia Ball and Roller Bearing (that of 400 N. 6th St. in Philadelphia) and Universal Motor Distributors, […]

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