Nuts & Bolts
Acquisitions, expansions & other business news
HighJump acquires Wesupply HighJump, a global provider of supply chain management solutions, announced that it has acquired Wesupply, a United Kingdom-based premier provider of supplier enablement and B2B integration solutions across multiple industries including retail, building, CPG, energy and manufacturing. With this acquisition, HighJump further expands its global footprint and extends its growing leadership position in the market for trading partner connectivity and omni-channel enablement. Wesupply’s comprehensive electronic trading platform increases HighJump TrueCommerce EDI Solutions’ global reach to over 10,000 trading partners and 130,000 trading connections. The acquisition of Wesupply empowers the growth initiative of HighJump TrueCommerce with the addition of a true multi-tenant SaaS solution that enables quick onboarding of new trading partners and rapid time-to-value for community members. The addition of Wesupply adds further to TrueCommerce’s significant scale in Europe and growing international presence. www.highjump.com
Columbus McKinnon completes acquisition of Magnetek Amherst, N.Y.-based Columbus McKinnon Corp., a material handling products manufacturer, has completed its acquisition of Menomonee Falls-based Magnetek Inc. Magnetek manufactures digital power and motion control solutions for material handling, elevator and mining applications. It is one of North America’s largest independent digital drives, radio controls, software and accessories suppliers for industrial cranes and hoists, and has counted Columbus McKinnon as a customer. The $188.9 million transaction, announced in July, is expected to provide enhanced technology, innovation, branding and expertise to Columbus McKinnon. The brand and operations will remain intact at Magnetek, and its president and chief executive officer, Peter McCormick, will continue to lead the subsidiary. The company has about 340 employees. While Columbus McKinnon, which has 2,735 employees at 17 global manufacturing facilities, does not yet have any firm hiring plans, it expects to add additional employees at Magnetek as it grows the business, said Gregory Rustowicz, chief financial officer and vice president of finance at Columbus. www.cmworks.com
1351 Nagel Blvd., Batavia, IL 60510 Ph: (630) 879-7008 | Fax: (630) 879-8068 www.summitmetalproducts.com
RAIN DECK • open area rack deck (B-Deck) • perforated for sprinkler drainage • installed on step ledges of rack beams • top of deck is flush with top of rack beam • smooth top surface protects products • products slide easily on and off • finishes available are painted or galvanized
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www.MHWmag.com
November 2015