Manufacturing

It seems there is no way to put a stake in the issue of trust vs. verification. Caterpillar Inc.'s recent $580 million writedown on a Chinese company it acquired in June for $700 million is an example of the principle.

Hartford-based Kettle Moraine Hardwoods Inc. dries logs and cuts them down for cabinetmakers, furniture makers, contractors and hobbyists.

America can turn a slow recovery into a strong comeback, one that grows our economy and firmly reestablishes our country as a powerhouse of ideas and production. One of the keys — and what will determine the winners and losers of an exciting new era — is our willingness and ability to lead the next “big waves” of productivity.

Milwaukee-based Rexnord Corp. has acquired Cline Acquisition Corp. of Taylors, S.C., from BB&T Capital Partners.

Regal Beloit Corp. announced it has completed the acquisition of the RAM motor business previously owned by Schneider Electric.

Menasha Packaging Company LLC's Folding Carton Group is expanding its capabilities with a $6 million capital investment that will enable it to be more flexible and responsive when supporting the brand merchandising objectives of its customers.

Milwaukee-based Rexnord Corp. announced today that its board of directors has initiated a review of its strategic alternatives that could include the sale of the company.

John A. Mellowes announced he will step down from his day-to-day duties as the chairman and chief executive officer of Mequon-based Charter Manufacturing in July, when he will turn the reins of the company to his sons, John W. Mellowes and Charles A. Mellowes.

Kenosha-based Snap-on Inc. reported fourth quarter net earnings of $84.6 million, or $1.43 per diluted share, up 13.9 percent from $74.3 million in the fourth quarter of 2011.

Bolstered by last year's acquisition of Racine Federated Inc., Milwaukee-based Badger Meter Inc. reported a 362-percent increase in net earnings and a 22.4 percent increase in net sales for the fourth quarter of 2012.