Industries
Ohio firm acquires Federal Manufacturing Co.
Cincinnati-based Pro Mach Inc. announced it has acquired Federal Manufacturing Co. of Milwaukee.
Sales of risk products soar at Northwestern Mutual
Milwaukee-based Northwestern Mutual Insurance Co. Inc., a leading provider of financial security planning and solutions, announced that sales of its risk products are up substantially year-to-date.
CBO warns of recession if Congress ‘goes off the cliff’
In its last forecast before the November elections, the nonpartisan Congressional Budget Office (CBO) predicted that the U.S. economy would experience a recession in 2013 if Congress decides to go off “the fiscal cliff” and allows scheduled tax increases and spending cuts to take effect in January.
BMO announces drought relief program for farmers
BMO Financial Group announced a financial relief program to assist customers affected by dry conditions throughout much of North America, including Wisconsin.
Cleary Gull sells industrial technology company
Milwaukee M&A advisory firm Cleary Gull has completed the sale of Hi-Tech Manufacturing LLC to May River Capital LLC.
Midwest Economy Index declines
The Federal Reserve Bank of Chicago’s Midwest Economy Index declined in July to -0.10, down from +0.22 in June. This is the first time in nine months the index, which indicates Midwest growth, has dipped to below average.
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Aurora Health Care forms partnership with Tennessee company
Milwaukee-based Aurora Health Care and IASIS Healthcare of Franklin, Tenn., today announced a wide ranging partnership which includes the formation of a development joint venture, Aurora IASIS Health Partners, to pursue healthcare acquisitions, new construction, management of facilities and development of clinical services with an initial focus on new and existing markets in Wisconsin and northern Illinois.
Johnson Controls signs pact to provide batteries for hybrids
Glendale-based Johnson Controls Inc. has signed an agreement to provide advanced Lithium-Ion battery packs for hybrid vehicles to Boston-based XL Hybrids Inc., developer of a low-cost hybrid electric powertrain designed for commercial fleet use.
Harley convenes dealer meeting in Milwaukee
For the first time in a decade, Harley-Davidson Motor Company brought its annual dealer meeting to Milwaukee this week, playing host to 4,500 dealers and staff from more than 60 countries for the four-day private event.
Kenosha envelope plant to close
Cenveo EPG Kenosha filed notice with the state that it will close its plant in Kenosha and eliminate 103 jobs.
