Harold Sirkin, a BCG senior partner and co-author of the research, told ME that manufacturers would be raising wages and hiring people to train themselves if the workforce shortage was severe, which is why he said wage infl ation is a “more ap- propriate measure” of a skilled shortage. “If they can’t afford to hire and train,
that’s a different issue” than a workforce shortage, Sirkin said. “What it is is com- panies trolling for people at low wages.”
Acquisitions
Danaher Corp. (Washington, DC) and Cooper Industries (Houston) announced the sale of the companies’ joint venture, Apex Tool Group (Sparks, MD), to Bain Capital (Boston) for approximately $1.6 billion, subject to post-closing adjust- ments. Currently, Danaher and Cooper each maintain a 50% joint venture ownership interest in Apex. This trans- action is slated to close in the fi rst half of 2013.
Alfa Laval Inc. (Richmond, VA) has
acquired Gamajet Cleaning Systems (Exton, PA), a supplier of high-impact cleaning machines targeting the indus- trial and sanitary processing industries. No fi nancial terms of the transaction were disclosed. DGI Supply (Wheeling, IL), a DoALL
Company, announced it will acquire Anich Industries Inc. (Ocala, FL). Terms were not disclosed.
Awards
Grinding developer ANCA (Mel- bourne, Australia) has won the Large Advanced Manufacturer category in Australia’s Governor of Victoria Ex- port Awards for the seventh time. The company, a supplier of CNC tool and cutter grinders, experienced exceptional growth in 2011, said Pat Boland, Anca
Equipment and systems engineered for robust, reliable metal processing.
PRAB engineers understand the goals and objectives of metal processing manufacturers because many of our operations are just like yours. Maximizing the value of scrap through efficient chip processing helps support growth by adding to your competitive advantage. Processing scrap metal and filtering and recycling coolant is the foundation of our knowledge and experience. This is why you can rely on PRAB to be your partner for engineering a chip processing system that guarantees the same dependability and support you deliver to your customers.
co-founder and director, in announcing the award. ANCA makes a signifi cant investment to the Australian economy with 98% of its products exported globally with its major markets in Germany, Japan, China and the United States. ME