By Mike Boyer
The Cincinnati Enquirer
Milacron Inc. has completed divestiture of its round cutting tool businesses with the sale of its Talbot round-tools business to a private investment group.
Price and other specifics of the sale to Harpoint Holdings Inc., of Newtown, Pa., weren't disclosed. But Milacron, which last month sold its other round-tool business, Minnesota Twist Drill, said the deal isn't expected to have a material effect on its sales, earnings or cash flow this year.
The asset sale "enables us to further focus our resources on our core businesses - plastics technologies and industrial fluids,'' CEO Ron Brown said.
Talbot, with plants in Pittsfield, Mass., and Millersburg, Pa., employs 220 and had sales last year of $30 million. Milacron acquired the original Talbot brands - Weldon, Brubaker, Fastcut and New England Tap - in 1995 and added Data Flute in 1997 and Micro Carbide in 1999.
Schulte factory updates equipment
Schulte Corp., a West Chester-based maker of wire shelving and other storage and organization products, is completing an almost $2 million investment at its Bloomington, Ind., plant.
The investment includes a new epoxy coating line that increases production speed by 25 percent; and next week, it begins operating a new automated welding line. That line is capable of producing up to 5 miles of metal shelving a shift, the company said.
Schulte said the new finishing line is also producing less hazardous waste, eliminating volatile organic compounds during powder coating.
With the new lines, Schulte was able to double its floor space by moving its distribution center to another 180,000-square-foot building.
Enerfab adds five Midwest offices
Enerfab Inc., Winton Place fabricator of tanks and process equipment for a variety of industries, has added five offices in the Midwest.
The offices, in Chicago; Paducah, Ky.; Minneapolis; St. Louis; and Green Bay, Wis., were part of Enerfab's acquisition this summer of the assets of Phillips, Getschow Co., a Green Bay-based boiler contractor. The acquisition includes some manufacturing as well as sales staff.
GE-made engines display durability
Two CFM56-3 engines supplied by CFM International to Shenzhen Airlines have reached 25,000 flight hours on wing without a repair shop visit.
CFMI, the joint venture of GE Aircraft Engines and Snecma Moteurs, said the engines, which power one of six Boeing 737-300 jets in the low-cost carrier's fleet, aren't slated for removal for repairs.
Shenzhen's fleet is comprised entirely of CFM56-powered Boeing 737s.
GEAE said the CFM56-3 engines average 16,000 flight hours before requiring a shop visit and about 10,000 hour after an overhaul.
Foppe Technical adds engineer firm
Foppe Technical Group, a Springdale firm specializing in site development engineering, has acquired David E. Estes Engineering Inc., a Florence civil engineering firm.
Financial terms were not disclosed.
The combined companies said they will have full-service site development capabilities at their offices in Springdale and Florence.
Larry Foppe will be president of the combined companies, and David Estes will become director of engineering.
The name of the firm will change to Foppe Estes Engineering Inc. in January.
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