Volume 4 Issue 12
Canadian Pacific Railway acquired Kansas City Southern, one of the largest transporters of base oil and lubricants from the United States into Mexico, for $25 billion, the companies announced earlier this week. The deal combines each company’s railways to form the first network that extends from Canada to Mexico.
United States regulators are proposing changes in hazardous materials labeling billed as aligning with global protocols while also reducing costs for businesses. The Independent Lubricant Manufacturers Association is not taking it for granted, though, that businesses would benefit and is encouraging member companies to study the proposals and provide feedback to the government.
Machine tool distributor Concept Machine recently acquired St. Louis, Missouri-based B.C. Macdonald & Co., a cutting and measuring tools company that also distributes metalworking fluids and coolants. Terms were not disclosed.