The $4.2 billion deal is expected to improve ABB access to North American industrial customers, while strengthening its position in the market for energy-efficient industrial motion products.
CCL Plastic Packaging (Los Angeles, CA) formed an alliance with Weener Plastik Packaging Group (Weener, Germany.) CCL will have exclusive license and distribution rights in the U.S.
For the second consecutive year, Baldor Electric Co. (Fort Smith, AR) has been named to Fortune magazine's list of "100 Best Companies to Work for in America."