A Third of Small Businesses May Seek More Credit
Nearly one-third of the small manufacturing businesses
participating in the latest Small Business Research Board — SBRB — study will
request credit level increases during 2008, according to the results of a poll.
Workholding Company Acquires Motion Control Firm
DE-STA-CO, Auburn Hills, MI, acquired Industrial Motion
Control, LLC, which has annual revenues of approximately $50 million. Terms of
the transaction were not disclosed. DE-STA-CO manufactures work-holding and
flexible industrial automation solutions and robotic tooling. It is an operating
company within the Material Handling platform of Dover Corp.
Robotics Firm Wins Dayton Business-of-the-Year
Motoman Inc., West Carrollton, OH, was
named Manufacturing Business of the Year for 2007 in the
sixth annual Business of the Year program sponsored by the
Dayton Business Journal and Soin International.
Lubrication Firm Leadership Transition
Chuck Boelkins, son of current owner of
lubrication system manufacturer, UNIST, Inc., Grand Rapids,
MI, assumed ownership of the lubrication maker on January 1.
He purchased the company from Wally Boelkins.
Rosy Outlook for Advanced Manufacturing Technique According to Survey
According to a survey of manufacturers of laser-sintering
systems, e-Manufacturing is on the brink of revolutionizing parts manufacturing.
Conducted by EOS of North America, Inc., Novi, MI, at the K 2007 trade show in
Düsseldorf and Euromold 2007 in Frankfurt, 70 percent of respondents said
e-Manufacturing was ready for the mass market, with laser-sintering as a key
technology that will compete in the future with conventional technologies, such
as casting.
Eugene Gartlan, Innova Robotics CEO, Dies
Innova Robotics & Automation, Fort Myers, FL, announced its CEO, Eugene Gartlan, died January 25, following a brief illness. Innova's board of directors authorized Lloyd Spencer, president and CEO of Innova subsidiary, CoroWare, to act as interim CEO until the board determines Gartlan's successor.