Minnesota company
buys NLR distributor
Arkansas Industrial Machinery Inc. of North Little Rock, an industrial air, gas and fluid handling equipment distributor, has been purchased by Tavoron, an industrial machinery company with headquarters in Eagan, Minn., according to a Tuesday news release.
Based in North Little Rock since 1971, Arkansas Industrial Machinery has branches in Memphis and Bossier City, La. As part of this acquisition, the company service department will now operate under Tavoron’s expanded service network.
Arkansas Industrial Machinery provides a range of products and components, including air compressors, filters, air dryers, generators, blowers, vacuum systems and pumps.
“This partnership with Tavoron greatly increases our ability to serve customers with expanded resources and enhanced capabilities,” Andy Fowler, president of Arkansas Industrial Machinery, said in the release. “Tavoron’s innovative solutions and expansive network empower us to offer an even broader range of products and services across the southern U.S.”
— Cooper Gant
Benton to go ahead
with plans for park
Benton is moving ahead with plans to build a 511-acre recreational vehicle park and sports complex on the city’s southwest edge, according to a plan submitted to the U.S. Army Corps of Engineers’ Vicksburg District on June 13.
The city originally announced plans for the park — called the Thomas Benton Park — in 2023, according to a report by the Saline Courier. The city’s largest single land acquisition, the park will include the RV park for campers, soccer fields and a sports facility, among other amenities.
The $7.6 million acquisition of the 511 acres will be paid in installments over 10 years, according to the same Saline Courier report.
The city is seeking regulatory approval for the project because components will affect the Saline River, which is under the jurisdiction of the Corps. Parts of the waterway will be filled for a pier and boat ramp, according to the application.
The Corps found 11 “threatened, endangered, proposed or candidate species” in the area. The Corps has yet to issue a permit. Public comments are open on the project until July 4.
— Lucas Dufalla
State index closes
at 837.93, up 1.7
The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, closed Tuesday at 837.93, up 1.7 points.
“Stocks rallied on Tuesday on hopes of a ceasefire that will hold as oil prices fell sharply for the second straight day and is now off 13% in just two days,” said Chris Harkins, managing director at Raymond James & Associates.
The index was developed by Bloomberg News and the Arkansas Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.
