Manufacturing

Racine-based Modine Manufacturing Co. reported fiscal fourth quarter net earnings of $119.7 million, or $2.49 per share, up from a loss of $1.6 million, or 4 cents lost per share, in the fourth quarter of 2013.

Hyvinkaa, Finland-based Konecranes has moved its Oak Creek offices and 105 employees to West Allis.

The Milwaukee 7 region was named one of the first 12 "manufacturing communities" in the federal Manufacturing Communities Partnership initiative, which will give the region an opportunity to apply for a share of $1.3 billion in federal economic development funds, the U.S. Department of Commerce announced Wednesday.

Milwaukee-area manufacturing activity increased significantly in May after faltering in April, according to a new report from the Institute for Supply Management-Milwaukee.

Kenosha-based tool manufacturer Snap-on Inc. has acquired substantially all of the assets of Pro-Cut International Inc. for about $42 million in cash.

Waukesha-based Hydro-Thermal Corp. recently received the President’s “E” Award for Exports at a ceremony in Washington, D.C.

Fontarome Chemical Inc. is now Apiscent Labs.

Brookfield-based Systems & Programming Solutions Inc. and its subsidiary, Best Way Technologies, have sold their assets to French mail solutions, communication and logistics provider Neopost. The name SPSI has been changed to ProShip Inc. in the transaction.

The Milwaukee 7 region was named one of the first 12 "manufacturing communities" in the federal Manufacturing Communities Partnership initiative, which will give the region an opportunity to apply for a share of $1.3 billion in federal economic development funds, the U.S. Department of Commerce announced Wednesday.

Menomonee Falls-based Idea Factory Inc. has been acquired by Swedesboro, N.J.-based Ginsey Home Solutions and will close its local operations in the transaction.