As manufacturers strive to optimize and improve profitability, they often use various business strategies to stay competitive. These actions include mergers, acquisitions, promotions, layoffs, funding, and much more. Below are just a few of the companies that are making moves and making headlines in the industrial sector. 

Merger: Toyota Material Handling and The Raymond Corporation have announced plans to integrate into one company. The new company, called Toyota Material Handling North America (TMHNA), is designed to leverage the unique strengths of both organizations to be more efficient for their customers. In a recent quote, President and CEO Brett Wood said, “This is a historic day for our company, customers, dealers, and associates. Our customers’ needs are evolving rapidly, and we must prepare and adapt to an ever-changing market. We have an amazing opportunity to leverage the best people, processes, and products into one unified organization. We want to become the undisputed industry leader in solving our customers’ problems through innovation for decades to come.” 
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Personnel: Dana Deasy will serve as Boeing’s chief information digital officer and senior vice president, Information Technology & Data Analytics. As part of the new position, Deasy will oversee all aspects of information technology, information security, and data and analytics. In a recent quote, Boeing President and CEO Kelly Ortberg said, "Dana is a well-respected, global technology leader who has a track record of delivering on innovative technologies across large and complex organizations. With the need to stay vigilant to protect against cyber threats, and emerging technologies like artificial intelligence playing a larger role across all industries, our IT team will have a key role as we focus on meeting our safety and quality goals, delivering reliably for our customers and positioning ourselves for the future." 
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Acquisition: Precision Products Group (PPG) has announced plans to acquire Cindus Corporation, a company that specializes in the production of crepe paper for electrical and industrial applications. PPG hopes the acquisition will strengthen its position as a key supplier of insulation materials to the electrical transformer market. In a recent quote, Tom Moore, CEO of PPG, said, "We are thrilled to welcome Cindus to PPG. Cindus has been a key supplier to the industry for nearly 25 years. We know their unwavering commitment to service and quality, and we're excited to bring these two great organizations together."  
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Acquisition: Bandy Manufacturing, LLC has acquired Novaria Group from JW Hill Capital. Novaria specializes in components and hardware for the aerospace and defense industries, while Bandy produces tight tolerance aerospace and defense hinges and pins.  In a recent quote, Novaria CEO Bryan Perkins said, “The acquisition of Bandy aligns perfectly with Novaria’s mission to deliver exceptional value to our customers in the aerospace and defense industries. Bandy’s expertise in aerospace hinges and pins, combined with its legacy of innovation and excellence, enhances our ability to serve a critical need in the market.”  
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Acquisition: Sandvik has recently acquired FASTech, which will become part of Mastercam. Mastercam, a provider of CAD/CAM software, hopes the acquisition will strengthen its ability to deliver innovative solutions and exceptional service to customers.  In a recent quote, Russ Bukowski, Interim President of Mastercam, said, “Integrating FASTech into Mastercam reinforces our commitment to providing manufacturers with unmatched support and industry-leading CAD/CAM solutions. This acquisition allows us to build even closer relationships with customers in the Midwest region of the United States, ensuring their success in an evolving manufacturing landscape.”  
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Acquisition: Motion has announced plans to acquire the net operating assets of Maguire Bearing Company, Ltd. Maguire Bearing is an industrial distributor based in Hawaii that specializes in bearings, couplings, v-belts, electric motors, hydraulic components, and more. In a recent quote, James Howe, President of Motion, said, “Along with its high-quality inventory, Maguire Bearing is highly regarded for its knowledgeable and approachable staff, who are committed to delivering exceptional customer service. This dedication aligns perfectly with Motion’s values and is one of the many strengths our companies share. We look forward to welcoming Maguire’s talented team and working together to grow our business in this key region.” 
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