Caterpillar said its rail-services unit completed the acquisition of locomotive maker Electro-Motive Diesel for $820 million plus a post-closing adjustment estimated at $108 million, The Associated Press reported.
Electro-Motive Diesel, or EMD, was made a subsidiary of Caterpillar’s Progress Rail Services. Caterpillar bought the company from private equity firms Berkshire Partners and Greenbriar Equity Group. The final deal will include a net working capital adjustment.
Specialty drug and medical device maker Baxter International Inc. said Monday it will spend up to $330 million to acquire ApaTech, a privately held British concern that makes bone and soft ... Read More
Specialty chemical maker KMG Chemicals Inc. will spend approximately $24.7 million to buy the electronic chemicals business of General Chemical Performance Products LLC. KMG said Friday the deal includes about $7 ... Read More
The Coca-Cola Company confirmed Thursday morning that it had agreed to acquire the North American operations of its largest bottler, reversing a 24-year-old strategy of keeping its bottling operations separate from ... Read More
A government panel is now recommending that virtually all Americans get a flu shot each year, starting this fall. The Advisory Committee on Immunization Practices had gradually been expanding its recommendation ... Read More
To determine if there is cancer in one’s lymph nodes, a typically advanced stage requiring more aggressive treatment, pathologists are stuck performing several specific, detailed tests that may or may not ... Read More
Yingli Green Energy Holding Company Limited has signed a three-year framework agreement with Gehrlicher Solar AG, one of the leading PV system integrators in Europe. The three-year agreement provides Yingli Green ... Read More
Hefty-brand trash bag maker Pactiv Corp. has bought a leading producer of disposable food containers, PWP Industries, for $200 million. Pactiv, a consumer packaging maker, said on Tuesday it expected the ... Read More
The United States Department of Energy offered a $1.37 billion loan guarantee on Monday to a California company planning to build a large-scale solar power plant in the Southern California desert. ... Read More
The Springfield Area Chamber of Commerce says Kraft Foods Inc. plans to invest $9 million in two new manufacturing lines in the Springfield area. The company says the investment will bring ... Read More
Sales of vehicles powered by fuel cells running on hydrogen will surge over the next 10 years, according to a report released Tuesday by Pike Research. By 2014 fuel cell vehicles ... Read More