The 2020 Mid-Year Economic Update_long

Day: June 8, 2006

Sandvik to Acquire Australian Based UDR Group

Sandvik, Stockholm, Sweden, has signed an agreement with Major Drilling Group International Inc., Canada, to acquire the business and assets of the Australian company UDR Group, including its business units in Australia and Chile. UDR Group is a manufacturer and supplier of surface mineral exploration drill rigs. UDR Group reported sales for the last business …

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Canadian Industrial Distributor Commercial Solutions Acquires Excel Bearings

Commercial Solutions Inc., Edmonton, Alberta, had acquired Excel Bearings Inc., a $3.5 million revenue Ontario-based distribution company with 10 employees and locations in Waterloo and Cambridge, Ontario.Commercial reported total revenue for the 2005 fiscal year of $97.8 million.Excel is a bearing and power transmission specialist with a strong regional presence in the Southern Ontario market …

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April Distributor Sales Up 10.1% From A Year Ago

Sales. The U.S. Census Bureau announced that April 2006 sales of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations and trading-day differences but not for price changes, were $319.9 billion, up 1.3 percent (+/-0.5%) from the revised March level and were up 10.1 percent (+/-1.0%) from the April 2005 level. …

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Anixter Acquires IMS Inc. for $28.5M

Anixter International Inc., Glenview, IL, a distributor of communication products, electrical and electronic wire and cable, and a distributor of fasteners and other small parts, has acquired IMS Inc. for $28.5 million in cash. Manchester, CT-based IMS is a wire and cable distributor to OEM and Electronic Manufacturing Services companies. For the full year 2005, IMS …

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