The 2020 Mid-Year Economic Update_long

Day: March 25, 2006

MSC to Buy Kennametal’s J&L Unit for $349 Million

Kennametal will recognize an estimated $228.6 million pre-tax gain in the quarter ending June 30, 2006, including transaction-related expenses, resulting in an earnings-per-share impact of about $3.25. The company expects to redeploy this capital in the next 12-24 months with strategic initiatives. Kennametal immediately plans to accelerate its manufacturing rationalization opportunities. This investment is expected …

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News Digest 3606

Synflex business unit of Saint-Gobain Performance Plastics Corp. The transaction is expected to close by the end of March. Synflex had 2005 sales of about $120 million and makes thermoplastic hoses and tubing for a range of industries, including transportation, beverage dispensing, fluid power and specialty applications.ADI International, The Netherlands, a low voltage and security …

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Private Equity Firms to Buy Activant Solutions

Activant Solutions Inc., Austin, TX, (purchased Prophet 21 in September 2005) has signed a definitive agreement to be acquired by private equity investment firms Hellman & Friedman LLC and Thoma Cressey Equity Partners.  The firms will acquire Activant Solutions Holdings Inc and all its subsidiaries from investment funds affiliated with HM Capital Partners LLC, which …

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Survey Gauges Manufacturer Outlook and Key Challenges

Forty-four percent of U.S. manufacturers expect manufacturing to trail the overall economy in 2006, according to the 2006 National Manufacturing Week survey of manufacturers.On the brighter side, National Association of Manufacturers President John Engler said that more than half of the respondents expect to increase capital spending in 2006 and to increase employment, and that …

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Commentary: Reconsider the Role of Reverse Auctions

How do you get a distributor agitated? Bring up the subject of reverse auctions. There are few topics in distribution that generate such a negative response. Nearly everyone who has participated or been displaced by one has a horror story of the resulting breakdown in contract performance. Some were ironed out and distributors lost business …

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MDM March 25, 2006

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