GulfStar Group’s Post

Structo Hydraulics AB (”Structo”) was declared bankrupt on February 12th 2024 and Lars-Henrik Andersson was appointed as official receiver.   Structo conducts business within tube and component supply for the hydraulic industry, with a production plant in Storfors, Sweden. The business has over 400 years of experience in iron and steel processing and export more than 75% of volumes to the leading European countries. The company has about ten employees.   Continued operations The bankruptcy estate has decided to continue the operations in the company. Suppliers and customers may contact the bankruptcy administration for any questions or concerns here https://lnkd.in/dnttAk4c. Sales process The bankruptcy estate intends to initiate a sales process of the business as a whole or specific assets. Interested parties may contact the bankruptcy administration here https://lnkd.in/dnttAk4c.

I am excited to share that we recently hosted a Prospect Customer, a prominent engine parts importer from the Middle East, at our office! At Quintess International, we believe in fostering strong relationships built on trust and mutual understanding. We're confident that this initial discussion paves the way for a successful partnership, delivering high-performance engine parts to the Middle East market. #LinkedInBusiness #EnginePartsExpertise #GlobalMarketExpansion #NewCustomerAcquisition #QualityFirst #BuildingTrust #MiddleEastTrade #GlobalMarket #MiddleEastImports #BuildingRelationships #FirstImpressionsMatter #GlobalTrade #EnginePartsExpertise #MiddleEastMarketExpansion #NewPartnerships #FirstPurchaseInquiry #export #cylinderliner #piston #pistonring #linerpistonring

Are we seeing a recovery in small/mid-size transactions in the traditional industrial and B2B distribution sectors during the second quarter of 2024? This should be confirmed in the coming months. In the industrial supplies distribution sector, AXEL JOHNSON INTERNATIONAL, a large Swedish industrial group, acquired on May 3rd, 2024 a majority stake in Rodamientos y Servicios S.L. and Royse ISM Servicios Integrales, S.L., one of the largest independent distributors of power transmission products in Spain, with sales of approx. €50m. In the personal protective equipment sector, we have identified some interesting transactions: - Announcement by LAKELAND in April 2024 of the acquisition of the fire and rescue businesses of LHD Group Deutschland GmbH (LHD) and its Hong Kong and Australian subsidiaries in a cash transaction of USD16.7m. LHD is a German leader in equipment, accessories and services for firefighters and generates a turnover of approx. USD27m; - Announcement by ANSELL in April 2024 of the acquisition of 100% of KIMBERLY CLARK's PPE assets (mainly gloves, protective clothing and protective glasses), for an amount of USD640m; - Announcement in early May 2024 by KARAM SAFETY, a Indian manufacturer of personal protective equipment, of the acquisition of MIDAS SAFETY INDIA, an Indian manufacturer of protective gloves generating approximately €12m in turnover. Finally, rumors concerning the sale of HONEYWELL's PPE activities have been recently relayed by certain financial media...

Midland Deburr & Finish Ltd Deburr and Finish Calls for Robust UK Industrial Strategy to Boost Manufacturing. "UK manufacturing has a rich history and a strong foundation, but we need a clear, long-term industrial strategy to ensure that it continues to thrive," said MD Chris Arrowsmith. "At Midland Deburr & Finish Ltd, we've built our reputation on being a reliable outsourcing solution for the 'dirty processes' that many companies prefer to delegate. Processes like metal degreasing and deburring are vital to the integrity and performance of components in industries such as automotive, aerospace, and Formula One. Yet, without robust government support, the entire manufacturing ecosystem faces significant challenges." Read the full article here: https://shorturl.at/oGmVn #UKManufacturing, #IndustrialStrategy, #MetalFinishing, #Deburring, #MetalDegreasing, #ManufacturingExcellence, #UKIndustry, #InvestmentInManufacturing, #InnovationInIndustry, #GovernmentPolicy, #ManufacturingGrowth #BusinessLeadership #ukmfg #manufacturing

Are you doing your research? Finding out what makes your prospect tick? What they need from you can be easily seen in what they ask of you. Give them what they want and they'll give you what you want! #freight #broker #transportation #logistics #andysandberg #hotrod #Meme #MemeCut #CapCut

3 deals in 3 months

🚀 Big News coming out of Hamilton this week! 🚀 Stelco Holdings has been acquired by Cleveland-Cliffs Inc. in a significant $3.4-billion deal! 🌟 Here's what this means for Hamilton: 🏢 Headquarters to stay: Stelco's headquarters will remain in Hamilton, ensuring that the heart of operations will continue to beat locally. 🔐 Job Security & Growth: The company will maintain significant employment levels locally, which means stability and potential growth for our workforce. 🍁 Representation: Canadians will continue to play a crucial role in Stelco's management. 🔧 Manufacturing Resilience: This acquisition is seen as a positive step for the resilience of manufacturing jobs in Hamilton and Canada. This deal not only highlights the strength of Hamilton's manufacturing sector but also paves the way for continued innovation and economic growth in our region. Check out the full article here: https://lnkd.in/gP9XFsqe #hamiltonjobs #manufacturing #canadianmanufacturing #steel #itecwhereyouare #hamiltonishome

Gary Works, a major steel mill in Gary, IN, on Lake Michigan's shores, plays a crucial role in North America's steel production, contributing 25% of Indiana's annual output. With a raw steelmaking capacity of 7.5 million net tons, the mill produces 250,000 flatbed steel loads annually. Scott Paul, President of the Alliance for American Manufacturing, notes potential growth in US mills without relying on imports. Recent trends in the flatbed market show increased volumes in Indiana, a 33% rise in loads in Gary/South Bend, and a $0.03/mile increase in linehaul rates in the Southeast Region. Last week, flatbed load posts increased by 35%, and linehaul rates deviated from the trend, rising by $0.02/mile nationally. #SteelIndustry #Manufacturing #FlatbedMarket #truckdispatch

Our next #SuccessStory is a supplier of non-structural building materials. Their service and product offerings included: --Services as a commissioned manufacturer's representative --Distribution/Wholesale --Importing product from a foreign manufacturer (selling under his own label) His previous broker placed an E&O policy for him that only addressed his negligent acts as a manufacturer's rep--but not for the importing or distribution part of his business. Further, the E&O warranted General Liability coverage being in place, and the previous broker never placed a general liability policy for him, so the E&O coverage was worthless. We were able to successfully place a General Liability policy, E&O policy that covers all of his service/product offerings, and quoted a Product Recall option that covered his 1st-party expenses in the event of a product defect. #commercialinsurance #manufacturingrisk #importingrisk #riskmanagement