SKF acquires Preventive Maintenance Company, Inc.
In a move that strengthens its market leadership in reliability services, condition monitoring products, maintenance strategies and consulting services, SKF USA, Inc. has acquired Preventive Maintenance Company, Inc., Elk Grove Village, IL.
Preventive Maintenance Company, Inc. is a market leader in predictive maintenance services for industrial customers in the pulp & paper, metals, food, automotive and other industries. It has 70 employees and annual sales of approximately $10 million. SKF intends to use PMCI's expertise in vibration data collections and analysis, balancing, alignment, ultrasonics, lubrication sampling, and thermography to create a primary service delivery organization.
"Our customer's goal is to improve the strength of their equipment reliability programs. This strategic move by SKF confirms their commitment to on-time delivery of advanced technological services," said Jim Miller, Jr., president of PMCI.
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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