New York Air Brake LLC has announced plans to move its peripheral product assembly in Watertown, New York, to Salisbury, North Carolina. The shift consolidates less complex assemblies into the North Carolina manufacturing hub, company officials said in a press release. The Watertown facility will remain the sole location for the design, testing and manufacture of freight-car brakes. Retaining the more complex assemblies enables New York Air Brake to create a "high-tech manufacturing hub," company officials said. The transition is scheduled to begin in the fourth quarter and conclude in first-quarter 2018. The shift will affect 40 of the 425 workers at the Watertown plant.
The Watermill Group has acquired Andaray Holdings Ltd. and its Cooper & Turner subsidiary, which is a United Kingdom-based global manufacturer and distributor of large-diameter industrial fastener systems. Cooper & Turner will continue offering its existing product lines from its manufacturing sites and distribution centers. The company also will pursue new product, service and market opportunities around the world, Watermill Group officials said in a press release. Financial details of the transaction weren't disclosed.
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