PM Blog
Choosing the Right Buy-Sell Agreement
There are two types of business continuation agreements: cross purchase agreement and stock redemption. Knowing the ins and outs and advantages of each will help a company choose the most appropriate agreement.
Read MorePM News: Not The Right Time
Gildemeister AG (Frankfort, Germany) recently decided not to acquire the machine tool operations from ThyssenKrupp AG (Düsseldorf, Germany) due to a lack of financing.
Read MorePM News: Big Buy
Brinkman International Group, Inc., parent of C.J. Winter Machine Technologies, Inc., has agreed to purchase the assets of Davenport Industries LLC, including all real estate, inventory, machines and intellectual property. The company will focus on keeping the flow of replacement parts uninterrupted.
Read MoreHello, It's Me. Again.
Ask these questions as an exercise to identify what information your site needs to grow closer toward what really is needed by researchers, specifiers and buyers researching you via the Web.
Read MoreReady. Set. Go!
The screw machine industry in our country continues to change. It was changing two years ago when we started PM. In that time we’ve been able to better see in what direction that change is likely to be headed.
Read MoreFamily-Owned Businesses: Is There A More Difficult Type Of Business To Run?
Running a family business creates a unique challenge for the founders/parents: to rear their children into mature adults and into mature business people as well. This is quite a tall order, to be sure.
Read MoreDavenport Coming Back
I was standing on the dock at the Fort Lauderdale boat show when my cell phone rang. It was Andrea from Tajmac in Milan offering me congratulations on the purchase of Davenport. I told him I hadn’t bought it, but I was trying like hell. He said at that point he didn’t know whether to offer me congratulations or condolences! About an hour later my chief operations officer, Andy Laniak, called to say that indeed, we were the highest bidder, and it looked like we were going to succeed in acquiring the assets of the company.
Read MoreWhat's Our Business?
We’ve heard it ad nauseam: Manufacturing is changing. Well, that’s a big Duh! I think it’s a safe bet that most of us understand change is happening. How to deal with that change is really the question.
Read MoreDollars Last Days . . . Purpose Increases Value
Business owners have moved to creating ‘relationships’ with employees as a motivational tool. However, to support the pace of growth in our economy, employees struggle to find value in ‘soft’ motivational tools such as “employee of the month” programs and look more toward being an integral part of planning their own success. I believe that a pragmatic balance between both the subjective (intangible goals) and the objective (tangible goals) provides the optimal mix for lasting employee motivation.
Read MoreCheck Your Company's Attitude
If you are in manufacturing, no one has to tell you how tough the last few years have been. But you are still here, aren’t you? Just the fact that you are reading this magazine proves that you are still engaged. You are still looking for new tools, methods and ideas that will help you and your company win.
Read MoreLeave A True Legacy Through Succession Planning
You have been successful. Careful succession planning should precede the transfer or sale of a family business. Whether you strategize carefully or not at all, the tax effects of your decisions will determine how much or how little your heirs will ultimately receive.
Read MoreMaximum Linkage
Using the Internet and Web to find information, research a topic or support your business can be rewarding, as more and more shop professionals are finding.
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