2006 - Modern Distribution Management

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2006

Eaton Expands Aerospace Business

Diversified industrial manufacturer Eaton Corporation, Cleveland, OH, has agreed to buy AT Holdings Corporation, the parent of Argo-Tech Corporation, for $695 million.  Argo-Tech’s aerospace business, which had sales for the fiscal year ended Oct. 28, 2006, of $206 million and EBITDA of $63 million, is a producer of aerospace engine fuel pumps and systems, airframe …

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Hajoca Moves Into Michigan

Philadelphia, PA-based Hajoca Corp. has agreed to buy Richards Plumbing, Heating & Industrial Supplies, Grand Rapids, MI. The purchase pushes Hajoca into Michigan. Hajoca operates in 32 other states.The 71-year-old CEO of Richards told the Grand Rapids Press that he and his sons sold to the national plumbing and heating wholesaler because of growing competition in …

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US Electrical Services to Buy Hampden/Zimmerman Electric Supply

US Electrical Services, LLC, Exton, PA, has agreed to acquire Hampden/Zimmerman Electric Supply Co., with three locations in central and western Massachusetts. The company has 80 employees. US Electrical Services is a distributor of electrical products and related services. Related Links:US Electrical Services Expands Into Atlanta USESI Acquires Fox Electric Supply Company USESI Opens Two New LocationsUS …

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The Year in Distribution

liquidity for shareholders but maintaining majority ownership. Another distributor transitioned to 100% employee-owned.Fighting the ForcesMDM has presented several case studies over the past year on distributors who have implemented strategies to make themselves stand out and even grow market share, despite challenging market forces. Arguably, distributors are facing many issues outside of consolidation including price …

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Solve the Mystery of Lost Leads: Part II

answers, they can build best practices based on the successful behavior of top sales performers. Mystery solved: Analyze and improve performance to maximize ROI."You cannot improve what you do not measure." Business-to-business marketing professionals cite measuring and showing return-on-investment as their biggest challenge, according to a recent survey conducted by Penton Media. In fact, the …

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Monthly Wholesale Trade: October 2006

SalesOctober 2006 sales of merchant wholesalers, except manufacturers’ sales branches and offices, were $327.8 billion, down 0.5 percent from the revised September level, but were up 5.9 percent from the October 2005 level. The September preliminary estimate was revised downward $2.2 billion or 0.7 percent. October sales of durable goods decreased 0.4 percent from last …

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Purchasing Execs Expect Growth in 2007

Manufacturing SummaryAbout 72 percent of survey respondents expect revenues to be greater in 2007 than in 2006. The panel of purchasing and supply executives expects a 6.4 percent net increase in overall revenues for 2007, compared to an increase of 6.2 percent reported for 2006. Manufacturing industries expecting the greatest improvement over 2006 ‘ listed …

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MDM News Digest 3624

job openings, lower profit gains and fading inventory investment trimmed the National Federation of Independent Business Small-Business Optimism Index a point to 99.7 in November (1986=100). Although job openings declined five points to 22 percent, that component of the index remained at historically high levels, and job-creation plans climbed while inflationary pressures edged slightly upward. …

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MDM December 25, 2006

This is the pdf of this issue of Modern Distribution Management. Apply the full $24.95 pay-per-view cost toward an annual subscription (within 30 days of purchase), which includes two issues a month plus access to more than six years of online archives and market data. Call 1-888-742-5060 or email info@mdm.com to subscribe. Click Here

Berkshire Hathaway to Buy TTI

Warren Buffett is making another foray into distribution. His firm, Berkshire Hathaway Inc., Omaha, NE, will buy electronic component distributor TTI, Inc., Fort Worth, TX, The acquisition will also include TTI’s subsidiary Mouser Electronics.   TTI, Inc. will operate as a wholly owned subsidiary of Berkshire Hathaway. Operations will not be affected by the ownership …

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Stock Building Supply Enters Phoenix Market

Stock Building Supply, Raleigh, NC, distributor of building materials and construction services, has acquired Tonto Verde Construction Inc. (framing services) and Precision Forest Products, LLC (lumberyard).  ‘Tonto represents an excellent seed acquisition to mark Stock’s entrance into the Phoenix market, which has been consistently one of the top five largest housing markets in the U.S …

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Barnes Distribution Expands Operations in China

Barnes Distribution has expanded its AS Raymond operations in China with the opening of an office and distribution center in the Pudong New District of Shanghai, China. The new facility will serve the growing market for close tolerance components, such as industrial and mechanical springs within China. The new distribution center will open on Jan. …

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Canadian Wholesale Revenues Down Slightly in October

(+2.5%). The rebound in machinery and equipment sales follows a large 4.1% decline in September. While sales in this trade group have been somewhat sluggish over the past several months, this follows healthy gains made earlier in the year. Wholesalers of equipment destined for the mining and energy industries have done particular well so far this year …

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Timken Sells Automotive Steering Business

The Timken Company, Canton, OH, has sold its automotive steering business, which operates facilities in Watertown, CT, and Nova Friburgo, Brazil, to DriveSol Worldwide, Inc.The steering business had 2005 sales of $110 million.DriveSol, which is an affiliate of Sun Capital Partners, Inc., will continue to manufacture steering tilt shafts, intermediate shafts and steering components at …

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HD to Reject Proposal to Evaluate Strategic Alternatives

The Home Depot has received notice from investment firm Relational Investors LLC that it plans to submit a proposal at the next annual meeting to encourage HD to evaluate the “strategic direction of the company, the performance of management, and strategic alternatives for the company.”Relational is run by investor Ralph Whitworth, who has pushed for …

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