Category : Manufacturing Minute

Manufacturing Minute

Goodyear Acquires Cooper

Akron and Findlay-based companies combine to create worldwide tire juggernaut By Terry Troy In a deal that is clearly designed to create additional value from manufacturing and distribution, Akron-based Goodyear Tire & Rubber and Findlay-based Cooper Tire & Rubber Company have entered into an agreement under which Goodyear will acquire Cooper in a transaction with […]

Manufacturing Minute

Meridian BioScience To Increase Test Kit Production

Firm gets award from NIH and a grant from JobsOhio By Terry Troy Meridian Bioscience, Inc., a provider of diagnostic test kits and life science raw materials, has announced that it will increase manufacturing of a popular diagnostic test kit after receiving a $5.5 million award from the National Institute of Health’s (NIH) Rapid Acceleration […]

Manufacturing Minute

Mahoning Bucket Maker Gets Rail Green Light

M&M Industries receives funding for spur in Lordstown By Terry Troy Despite the dour predictions that came after the closure of General Motor’s iconic Lordstown plant in 2019, manufacturing in the Mahoning Valley is definitely not “kicking the bucket.” In addition to the good news coming out of Lordstown Motors with its announcement of receiving […]

Manufacturing Minute

STERIS to Buy Cantel

Sterilization products manufacturer to buy rival By Terry Troy Obviously, there are some manufacturing sectors that are doing better than others during the pandemic. Witness the wave of healthcare acquisitions that should continue well into 2021. On Tuesday, STERIS Corporation, an American Irish-domiciled medical equipment manufacturer operationally headquartered in Mentor, OH, signed a letter of […]

Manufacturing Minute

Driving the Future

Automotive manufacturers roll out innovations By Terry Troy Despite the economic slowdown caused by the COVID-19 pandemic, Ohio’s automotive and automotive component manufacturers continue to innovate, solidifying our state’s position as a leading vehicle manufacturer in the U.S. Last month, FCA’s Toledo Assembly Complex launched production of the 2021 Jeep® Wrangler 4xe plug in hybrid. […]

Manufacturing Minute

Print-on-Demand Companies Create Ohio Jobs

Two companies in northeast Ohio expand operations By Terry Troy Stakes Manufacturing and Digital Room Inc., two print-on-demand companies, have both announced plans to expand manufacturing operations in Northeast Ohio. Stakes Manufacturing of Eastlake company has said it will create 400 jobs to meet the needs of the rapidly expanding e-commerce industry. Digital Room Inc., […]

Manufacturing Minute

“Lording” It Over Other Manufacturers

Mahoning Valley EV maker gets support for hub motor and battery line By Terry Troy The good news out of the Lordstown Motors in the Mahoning Valley continues to grow. The company took a giant leap forward with its plans to produce the world’s first, full-size, all electric pickup truck, receiving support for the company’s […]

Manufacturing Minute

New Air Space

Ohio-based TransDigm acquires Cobham Aero Connectivity By Terry Troy TransDigm Group, a publicly traded aerospace manufacturer headquartered in Cleveland, has agreed to acquire Cobham Aero Connectivity for approximately $965 million in cash plus tax benefits. TransDigm also provided an update on previously announced plans to divest a select number of defense-oriented manufacturing units that were […]

Manufacturing Minute

Talking Talent and Technology

REDI Cincinnati addresses advanced manufacturing needs By Terry Troy The Advanced Manufacturing Industry Partnership (AMIP) and TechSolve are two organizations that are redefining manufacturing in Southwest Ohio. REDI Cincinnati Talent Director, Adam Jones, recently sat down with the two partners to talk about how the organizations are preparing a pipeline of both technology and talent […]

FoodManufacturing Minute

Selling Shortening

B&G Foods Pays $550 Million for Smucker’s Crisco Business By Terry Troy Jelly goes better with peanut butter than shortening. One of Ohio’s largest food manufacturers, the J.M. Smucker Co., of Orville, is selling its Crisco® oils and shortening business to B&G Foods of New Jersey for $550 million, it was announced earlier this week. […]