Alemite acquired by Harbour Group
Through an affiliate, Harbour Group has acquired Alemite LLC, a supplier of lubrication and fluid handling equipment and systems, said Sam Fox, Harbour Group’s chairman and CEO on Jan. 24.
Alemite, headquartered at Fort Mill, SC, designs and manufactures a wide range of lubrication equipment under the Alemite brand name. Alemite sells its products through industrial distributors to a broad range of general industries, as well as directly to industrial and transportation OEM’s, petroleum equipment distributors, and into the automotive aftermarket.
Alemite will join Lincoln Industrial Corporation as part of Harbour Group’s Lubricating Systems Group.g businesses and will continue to aggressively grow our Lubricating Systems Group, both organically and through complementary acquisitions in what remains a fragmented market.”
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey