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NSL Analytical Services, an independent testing laboratory, said the company has been acquired by May River Capital, a Midwestern investment firm that says it builds businesses through partnership and collaboration.

The value of machine tool orders plunged in November as makers pared prices to cut inventory, according to a monthly report.

U.S. manufacturers cut 12,000 jobs in December, with job losses spread across industries.

Full line of fiber and diode laser machines for cutting and hardening

Expect at least two recessions, or downturns in GDP growth, in the next few years. That is the prediction of Brian Beaulieu, CEO and chief economist for ITR Economics.

The North American manufacturing Research Institution of SME (NAMRI | SME) held its 47th annual conference on manufacturing research (NAMRC 47) in Erie, Pa., from June 10-14.

Sometimes succession of a family business from one generation to the next doesn’t always go as planned. Take, for example, Laser Specialists Inc. (Fraser, MI). Incorporated in 1986, the company was positioned at the forefront of laser cutting technology.

The memo of understanding comes after years of collaboration between the companies.

The company estimates more than 600 jobs to be created at its Georgia plant.

A site has yet to be chosen for Addionics’ first plant, which is expected to begin production in 2027.