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Right Lane Industries Purchases London Machinery, Rear Discharge Mixer Business

The acquisition includes all rear-discharge concrete mixer operations of the seller, including the Bridgemaster brand. ....

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Hillenbrand Divests TerraSource Global Business

/PRNewswire/ Hillenbrand, Inc. (NYSE: HI) (the "Company") announced today that it has completed the planned divestiture of its TerraSource Global business. ....

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Warren Buffett's Berkshire Hathaway sold Kirby after 35 years. The vacuum-cleaner company generated 5% of Berkshire's profits at one point.

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Buffett was right about Kirby s stellar prospects. The company s annual pretax earnings almost tripled to $59 million between 1986 and 1996, and Berkshire s net earnings from Kirby nearly quadrupled to $40 million over the same period.
Moreover, Kirby generated more profit than all but one of Berkshire s 10 non-insurance businesses in 1996, and was responsible for about 5% of the conglomerate s operating earnings that year.
It s unclear why Scott Fetzer decided to dispose of Kirby, a company it owned for more than 50 years and partnered with for more than a century. Experts told Insider that financial, operational, or cultural challenges might explain the move.
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It s possible the Kirby vacuum ain t what it used to be, or perhaps that the door-to-door business model controversies aren t worth it, Lawrence Cunningham, a law professor at George Washington University and the author of several books about Buffett and Berkshire, told Insi ....

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Year in Review: Eaton deal to sell hydraulics unit highlights M&A activity

Year in Review: Eaton deal to sell hydraulics unit highlights M&A activity
Rubber & Plastics News Staff
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Ryco Hydraulics CEO Leigh Morrison (left) and Manuli Rubber Industries CEO Dardanio Manuli say their companies share a similar, family-run business philosophy.
NORBORG, Denmark For Eaton Corp., a deal to divest the company s hydraulics business is being viewed as transformational.
For Danfoss A/S, the deal to acquire Eaton s hydraulics business also is being viewed as transformational, but in a different way.
Eaton s move to sell off the hydraulics business is part of that company s push to focus on business segments that have better earnings consistency. ....

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