Viewpoints
Facility consolidations ding Brady Corp.
Milwaukee-based Brady Corp. reported fiscal third quarter net income of $17.2 million, or 33 cents per share, down from $24.1 million, or 39 cents per share, in the third quarter of 2014.
Rexnord reports lower 4Q, full-year profits
Milwaukee-based Rexnord Corp. reported fiscal fourth quarter net income of $32.5 million, or 34 cents per share, down from $39.9 million, or 38 cents per share, in the fourth quarter of 2014.
Briggs & Stratton acquires turf equipment manufacturer
Wauwatosa-based outdoor power equipment manufacturer Briggs & Stratton Corp. recently acquired all the outstanding shares of Billy Goat Industries Inc., a manufacturer of specialty turf equipment, for about $26 million in cash.
ZBB Energy may change name to EnSync Inc.
Menomonee Falls-based ZBB Energy Corp. plans to change its name to EnSync Inc., according to a proxy statement recently filed with the U.S. Securities and Exchange Commission.
City panel backs funds to study lakefront site for Johnson Controls
The city of Milwaukee's Redevelopment Authority recently endorsed a plan to provide a $250,000 grant to pay for half of the cost to study the development feasibility of a lakefront site where Glendale-based Johnson Controls Inc. might build a new office building.
Badger Meter execs ring Closing Bell on Wall Street
Members of the Badger Meter Inc. executive management team rang the Closing Bell on May 26 at the New York Stock Exchange in celebration of the company’s 110th anniversary.
- Advertisement -
New business accelerator program will be FaB
FaB (Food and Beverage) Wisconsin has worked in collaboration with the Food Finance Institute at the University of Wisconsin Extension and the Wisconsin Economic Development Corporation (WEDC) to create FaBcap, an accelerator grant program.
Oilgear to cease manufacturing operations
Milwaukee-based The Oilgear Company will shut down manufacturing operations by Aug. 1, affecting approximately 45 production and support employees.
Johnson Controls’ heat, power plant to save U.S. Army $113 million
Glendale-based Johnson Controls Inc. recently joined U.S. Army senior commanders at Maryland’s Aberdeen Proving Ground to break ground on a new combined heat and power plant. Scheduled to be completed by January 2016, the plant is projected to save the Army nearly $113 million over 19 years.
Investment in DeltaHawk Engines will create 100 jobs
An undisclosed investment will allow Racine-based DeltaHawk Engines Inc. to begin production on a new aviation engine and to create 100 jobs. The investment, announced May 26, was made by the Ruud family who established Racine-based Ruud Lighting.
