Industry News

Royal Products today announced a recent investment from growth-oriented investor Heartwood Partners in partnership with the management who will continue to lead the company. This financial backing will position Royal for continued expansion and market leadership.

Hypertherm Associates and BLM GROUP have entered into a strategic partnership agreement aimed at expanding the market reach of their respective solutions.

Zebra Technologies, a digital solutions provider that helps businesses connect data and assets, said it intends to acquire Photoneo, a developer and manufacturer of 3D machine vision solutions.

Sandvik has acquired the assets of FASTech, a U.S.-based reseller of Computer Aided Manufacturing (CAM) solutions in the Mastercam network.

Walter USA recently announced its new Walter Americas Campus in Greer, South Carolina, which became operational as of Jan. 1, 2025. The facility is equipped with state-of-the-art machinery, testing labs, and collaborative workspaces designed to meet the diverse needs of our customers and partners.

Mazak has opened a new Customer Solutions Center in Florence, Kentucky, which the company says specializes in developing production-ready, custom automation solutions that allow manufacturers to overcome existing labor issues while increasing production output.

Raytheon, an RTX business, and Ursa Major's long-range solid rocket motor completed a successful missile flight test for the U.S. Army.

As HWR Workholding USA enters its third year of business in the US, the company announced that it had moved to a larger facility.

OSG USA Inc., St. Charles, Illinois, has promoted Jeff Tennant to chief executive officer for the OSG North America Group, wich includes OSG Canada, OSG Royco, and Amamco. Tennant also will serve as president and CEO of OSG USA and continue to serve as a member of the board of directors and as an executive officer of the OSG Corp. representing the OSG North American Group.

Renishaw plc Co-founder David McMurtry has died at age 84. The Gloucestershire, U.K.-based company he began with the invention of a touch probe in 1973 now has more than 1,800 patents and some 5,000 employees across 36 countries. McMurtry invented or co-invented more than 150 of the engineering firm's products.

Southfield, Michigan-based thyssenkrupp Materials NA has acquired Cobotix Manufacturing Inc., a precision metal fabricator that specializes in working with copper and aluminum.

Vollmer is focusing on the future with and expanded management team. Starting January 1, 2025, Tobias Trautmann will join the management team.