Afternoon Coffee: WorkMarket to Acquire OnForce, Belgium Confronts Another Egg Scandal

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WorkMarket announced Wednesday that it has acquired OnForce from The Adecco Group for an undisclosed amount, according to a press release. As we covered earlier, the acquisition of OnForce will increase WorkMarket’s existing footprint in the field tech contractor work execution vertical.

Stay tuned for more analysis on the deal in the coming days, including a PRO deep dive from Andrew Karpie, our services and labor procurement research director.

Egg Scandal 

A poisonous insecticide has forced the Belgian government to call an emergency egg meeting, an uncomfortable reawakening of a 1999 egg crisis. As Politico reports, “the latest crisis hinges on a poison called fipronil that has contaminated eggs across several EU countries, thanks to an illegal mite-killing detergent for chickens made by a company in Flanders called Poultry Vision.”

Kyocera Acquires Tool Maker

Kyocera announced Monday that it had acquired powered fastening systems maker Senco, which will now operate as part of the Japanese company’s Global Cutting Tool Division, Industrial Distribution reports. While terms of the deal were not disclosed, Nikkei Asian Review estimated in June the price is likely around $178 million.

China Numbers

And finally, an economic update: China’s stronger-than-expected GDP growth was yet again buoyed by growing exports, according to the Wall Street Journal. Exports increased 7.2% in July from a year earlier, while imports expanded 11.0% from a year earlier.

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