Manufacturing

The U.S. economy grew more quickly than previously stated in the third quarter due to stronger trade, faster health care spending and increased local government construction, the U.S. Commerce Department reported today.

New Berlin-based IEWC is acquiring Delco Wire and Cable of Toronto, Ontario, by way of an asset purchase agreement.

Menomonee Falls-based Magnetek Inc. today announced it expects to report a non-cash pre-tax asset impairment charge of approximately $1 million in its fourth quarter operating results.

Menomonee Falls-based Actuant Corp. today announced fiscal first quarter net earnings of $36.3 million, or 49 cents per share, down slightly from $37.2 million, or 50 cents per share, in the same period a year ago.

Glendale-based Johnson Controls Inc., a global diversified company in the building and automotive industries, announced today it expects to post higher sales and earnings in fiscal 2013, despite a challenging economic environment.

Mayville Engineering Company Inc. announced it has acquired Center Manufacturing Inc. a Byron Center, Mich.-based manufacturer of metal products for the commercial vehicle, powersports, agriculture, construction, automotive and military industries, through a private stock purchase.

Glendale Johnson Controls Inc. today announced that its annual New York institutional investor day will be Wednesday, Dec. 19, at the Capitale in New York City.

Mayville Engineering Company Inc. today announced it has acquired Center Manufacturing Inc. a Byron Center, Mich.-based manufacturer of metal products for the commercial vehicle, powersports, agriculture, construction, automotive and military industries, through a private stock purchase.

Mequon-based Charter Manufacturing Company announced it has acquired Dura-Bar and Dura-Bar Metal Services as part of its stock purchase of Illinois-based Wells Manufacturing Company.

Anyone who is involved in manufacturing at any level in Wisconsin must have heard of these topics of discussion recently: skills gap; workforce development; skilled trades; or lastly, “Man, I can't find any good craftsman.”