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The Business Resource for Suburban Chicago
Tuesday, July 29, 2014 3:39 AM
  • PEORIA - Caterpillar's second-quarter net income rose 4.1 percent even as revenue slipped. The construction equipment company's adjusted profit topped Wall Street's view, but revenue fell short. It also boosted its full-year earnings forecast. 
  • BRIDGEVIEW — Manitex International, an international manufacturer of cranes and specialized material and container handling equipment, said it will acquire PM Group S.p.A. “PM” based in  San Cesario sul Panaro, Modena, Italy in a transaction valued at approximately $107 million. 
  • NAPERVILLE — KeHE Distributors said it has acquired Nature’s Best, a California-based distributor of health and natural food products. Terms of the acquisition were not announced. 
  • MUNDELEIN — Biotechnology company Z Trim Holdings has retained Chandler Horton, a former vice president of R&D at Keystone Foods, LLC, as an external consultant. 
  • DEERFIELD — United Stationers said Larry D. Davis, president of ORS Nasco, the company’s industrial supplies division, will be leaving the company on September 5 to become an equity partner and executive vice president and chief commercial officer of Stellar Industrial Supply. 
  • OAK BROOK — TreeHouse Foods said it will hold a public offering of $325 million shares of common stock, which in part will be used in the company’s acquisition of Flagstone Foods. 
  • GLENVIEW -- Illinois Tool Works, a maker of fasteners and components, said in a recent court filing that it was appealing a court ruling limiting enhanced damages it had sought in a successful patent infringement case against MOC Products Co. of Pacoima, California. 
  • CHICAGO-- Boeing Co. is poised to win orders from two jet-leasing companies for narrow- and wide-body planes valued at as much as $9.2 billion, people familiar with the discussions said. 
  • SCHAUMBURG -- Hunter Foundry Machinery Corp. is marking its 50th anniversary as a premier developer of advanced matchplate molding and mold-handling solutions for the foundry industry. 
  • HUNTLEY — Weber-Stephen Products LLC today breaks ground on its new global distribution center in Huntley, which is expected to add about 120 jobs and consolidate distribution operations from four other states. 
  • CHICAGO -- Boeing Co. predicts demand in Asia will push commercial aircraft sales to $5.2 trillion over the next 20 years, as China overtakes the U.S. as the world’s largest aviation market. 
  • CHICAGO — Boeing raised its long-term forecast for new airplane demand by more than 4 percent, and it's smaller aircraft and orders from the Asia-Pacific region that are driving growth. 
  • CHICAGO — Boeing has finalized a $56 billion agreement to build 150 777X aircraft for Dubai's Emirates Airline.

     
  • NILES — Piping and filtration systems manufacturer MFRI said its Perma-Pipe subsidiary has entered into a joint venture agreement with Colombia-based Tayrona Steel Pipe to manufacture pre-insulated pipe. 
  • WOOD DALE --  The U.S. Environmental Protection Agency has certified Power Solutions International's 8.8-liter propane and natural gas fueled engine for on-highway applications. 

 
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