Manufacturing

Rexnord LLC of Milwaukee announced it has acquired German valve manufacturer VAG Holding GmbH.

Odyne Systems LLC, a leader in hybrid systems for medium and heavy duty trucks, and Johnson Controls Inc., a leading supplier of advanced batteries that make vehicles more energy efficient, have completed both an investment agreement and a long-term hybrid master supply agreement.

Racine-based Modine Manufacturing Co. reported fiscal first quarter net earnings of $13.1 million, or 28 cents per share, up from $5.0 million, or 11 cents per share, in the same period a year ago.

Milwaukee-based Joy Global Inc. announced it has purchased approximately 136.5 million shares of International Mining Machinery Holdings Ltd. (IMM).

President Barack Obama announced an agreement with 13 major automakers to pursue the next phase in the administration’s national vehicle program, increasing fuel economy to 54.5 miles per gallon for cars and light-duty trucks by Model Year 2025.

Lomira-based Kondex Corporation announced it plans to add 58,000 square feet to its manufacturing facility by December.

If the unemployment rate is high among the general Milwaukee population, it’s through the roof among visually disabled Milwaukeeans.

Milwaukee-based A. O. Smith Corp. signed a definitive agreement to acquire Lochinvar Corp. of Lebanon, Tenn., for $418 million.

The 10,000 free Milwaukee Brewers game tickets that were given away to bargain-hungry fans were claimed in just 20 minutes.

Snap-on Inc., a Kenosha-based global innovator, manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users, reported second quarter net earnings of $78.0 million, or $1.33 per share, up from $45.3 million, or 78 cents per share, in the same period a year ago.