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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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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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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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Chevron Gets Noble

Merely three weeks later, another record-setting energy deal Energy acquisitions are more than just the flavor of the month—they’re a direct consequence of a health crisis impacting the economics of the shale oil and gas industry. Chevron announced Monday it would acquire Noble Energy (NBL) for $5 billion. It’s the biggest energy deal since the […]

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Recall: Dakota Access Pipeline

Court victory for environmentalists as shutdown ordered by 8/5; Energy Transfer to appeal You might remember us discussing pipeline protests in this newsletter—if you have, thanks for being with us for three-plus years. A North Dakota judge Monday ordered the shutdown of construction on the Dakota Access Pipeline due to environmental issues violated by the […]

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Huntingdon Fire Recovery

Shop is back in business, state aid underway for others affected On the night of May 11th, Huntingdon Electric (PA) suffered a devastating fire at its home at 7th and Penn Street. Now, with recovery efforts well underway and state loans being offered for those affected, the shop’s proprietors want to thank those who responded—and […]

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In the Navy!

GE delivers first electric combatant ship The first full-electric power and propulsion surface combatant, the USS Zumwalt, has been delivered to the US Navy, courtesy of General Electric. “The electric propulsion solution delivers efficiency, survivability, cost-of-ownership reductions, and system redundancy for enhanced vessel safety,” said GE’s Power Conversion division, who spearheaded the project and manufactured […]

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ABB/Baldor at 100!

Congratulations to one of our oldest advertisers and a pioneering force in motors! In 1920, Edwin Ballman and Emil Doerr set out to “build a better motor,” defined as one that used less electricity. Now, a century later, ABB’s Baldor-Reliance motors continue a legacy. “We continue to take ABB’s Baldor-Reliance motors to the next level […]

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Explosive Engineering

Enerpac unveils new line of tools for combustible atmospheres Enerpac announced a complete suite of ATEX-Certified Tools for engineers working in potentially explosive atmospheres on May 9. Suitable for zones 1 and 2 gaseous atmospheres and zones 21 and 22 dust atmospheres, the range includes hydraulic torque wrenches, air pumps, flange spreading tools, hydraulic sealed […]

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