The Manufacturing PMI® for January was reported at 49.1 percent in the latest Manufacturing ISM® Report On Business® released by the nation’s supply executives. The figure represented a two-percentage-point increase from December’s figure of 47.1 percent but remained in contraction territory.
After almost four tumultuous years that included a pandemic, supply chain chaos, dramatic lifestyle shifts and strains on consumer spending, the home and housewares industry finds itself forever changed but ready to drive growth in 2024 and beyond. Amid continued pressures on consumer spending, many housewares executives have been investing heavily in ways to meet changing customer needs, collaborate with retail partners and make their operations even more flexible and efficient.
“2024 will be incredibly important to our industry as many brands focus on getting their inventory levels, supply chain and resources in the right place,” says Steve Greenspon, CEO of Honey-Can-Do International LLC.
The Tranzonic Companies, a respected manufacturer of personal care and protection, contamination control, and cleaning products, has named Joe Vitale to the newly created role of chief corporate development officer. Vitale will provide strategic direction and leadership as the business expands through acquisitions, investments, and partnerships, and will collaborate with executive leadership on company strategy.
M&A is central to the growth strategy of Tranzonic, which has increased sales five-fold in the past decade via acquisitions of diverse companies including Monarch Brands, Acute Care, Adenna, Chemcor, NILodor, Innocore, High-Tech Conversions, and others. Each investment has strengthened Tranzonic’s position as a leader in helping businesses protect, clean, and care for shared spaces where we work, stay, and gather — businesses across manufacturing, food service, healthcare, retail, transportation, hospitality, and other target industries.
Perlon® – The Filament Company, a leading global manufacturer of synthetic filaments headquartered in Munderkingen, Germany, today celebrated the opening of its new plant in Goa, India. The event marked a significant milestone in Perlon®‘s global expansion strategy and underlined the company’s commitment to growth and innovation. The plant in Goa was made possible by the recent acquisition of Shaun Filaments, a renowned Indian manufacturer of filaments. The integration of the Shaun Filaments production facility into the Perlon® Group not only offers the opportunity to strengthen market presence but also to expand capacities and improve production processes.
In the course of the future-oriented further development of the group of companies, ZAHORANSKY has sold the production site for injection molds ZAHORANSKY Formen- und Werkzeugbau GmbH in Rothenkirchen (Steinberg) to MT Management GmbH. As part of a management buyout, the long-standing managing director and toolmaking expert Monty Tepper will take over the entrepreneurial responsibility. Since 1991, the site has been producing injection molds for a wide variety of plastic products in the personal care and consumer products sector in the Vogtland region of Saxony with around 70 employees.
The ABMA Educational Institute invites you to the third installment of the ABMA webinar series titled “Good Jobs Enable Core Innovation and Supply-Chain Partnering,” featuring industry expert Bruce Merrifield. Join the event on Tuesday, February 6, 2024, at 2:00 p.m. EST for an insightful session on leveraging Partnering Possibilities with Gazelles to drive growth and profitability in your business.
