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Pace Industries Acquires Jackson Die Cast

Pace Industries, a provider of custom die casting, engineering and manufacturing for many industries, has closed on the acquisition of aluminum high-pressure die casting facility Jackson Die Cast from Metal Technologies of Indiana.

Caterpillar Profit Soars

Caterpillar Inc. today said third-quarter earnings soared as the maker of earthmovers, mining trucks and other heavy equipment saw increased sales.

Machine Tool Orders Surge in August

Machine tool orders surged in August on both a monthly and year-over-year basis, an indicator of the industry’s recovery from COVID-19.