Unova to Buy R&B; Machine Tool Co.

Unova Inc. said it will buy R&B; Machine Tool Co. as it expands its machining centers. The Beverly Hills-based industrial technologies company said the purchase will boost earnings by $60 million within a year. The addition of R&B; “is part of our strategy to expand our capabilities further into the market for small- and medium-volume machining centers,” said Unova Vice President Clayton A. Williams. Saline, Mich.-based R&B; would be combined with Unova’s Industrial Automation Systems division. Unova shares fell 31 cents to close at $21.06 on the NYSE.