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Manufacturers Feeling Optimistic

Tuesday, January 9, 2018

Manufacturers are bullish on 2018, according to the National Association of Manufacturers’ 2017 Fourth Quarter Manufacturers’ Outlook Survey, in which manufacturers said they expect that production growth rate will average 5 percent over the next 12 months and increased sales, and that they expect to increase capital spending. NAM Chief Economist Chad Moutray says the optimism stems from a growing global economy and the belief that comprehensive tax reform is on the way.

Samuel, Son & Co. Broadens Industries Served with Acquisition

Monday, January 8, 2018
Samuel, Son & Co., Toronto, Ontario, Canada, announced its acquisition of Metal Spinners Holdings, which includes Missouri Metals, St. Louis, MO, and Metal Spinners, with plants in Indiana, Illinois and Texas. Missouri Metals is a leading manufacturer of precision components and assemblies for the aerospace and power-generation industries. Metal Spinners supplies metal spinning, hydroforming, deep drawing and other specialized metal formed products for air-handling, energy, agriculture and other industrial market segments.

“With this acquisition, Samuel is broadening our metalforming capabilities, and is positioning both Missouri Metals and Metal Spinners for significant growth by leveraging our extensive customer relationships in key targeted markets, such as aerospace,” says Samuel Manufacturing President Rod Crawford.

Metal Spinners Holdings CEO Olin Wiland will remain as group president for the business, which will operate as a separate group within Samuel’s manufacturing division. “Joining forces with Samuel,” says Wiland, “allows Metal Spinners and Missouri Metals to leverage Samuel’s commercial organization, culture and sales network for incredible growth opportunities.”

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Industry Movers & Shakers

Friday, January 5, 2018
The Independent Welding Distributors Cooperative (IWDC), Indianapolis, IN, announced the appointment of Barry Mitchell as regional sales manager. The IWDC is a cooperative that leverages the strengths of its independent welding distributor members across North America. IWDC member companies collectively represent over $2.2 billion in sales. Mitchell will be responsible for promoting IWDC’s value proposition to its members and driving growth of Weldmark and vendor-partner brands.

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