The 2020 Mid-Year Economic Update_long

Day: July 25, 2006

Wolseley Buys Nordic Building Products Distributor for $2.48B

Wolseley has agreed to acquire DT Group, a distributor of building materials with operations in Denmark, Finland, Sweden and Norway, from CVC Capital Partners for 1.498 billion euros, or $2.48 billion, including the assumption of net debt. The acquisition will be financed using debt. About 80% of DT Group’s sales are through builders’ merchants to trade professionals, …

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Commentary: Definition of Value is Rapidly Shifting

What does the perfect distributor look like? If there were such a thing, industry consolidation would have progressed much farther than it has to date. That this industry continues to thrive in its fragmented form underscores that customers have not reduced the definition and value of distribution down to two or three choices in any …

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MDM News Digest 3614

More …Two subsidiaries of massive building materials supplier Pro-Build Holdings have announced acquisitions. Brooklyn, NY-based Strober Building Supply has purchased millwork and kitchen specialist Rowley Building Products, Middleton, NY, and its sister company, construction financing business Builder’s Capital LLC. The Contractor Yard, Charlotte, NC, acquired Building Materials Wholesale/Retail Inc., a supplier of drywall and related …

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Monthly Wholesale Trade: Sales and Inventories for May 2006

May 2006 sales of merchant wholesalers, except manufacturers’ sales branches and offices were $325.5 billion, up 1.6 percent from the revised April level and were up 12.1 percent from the May 2005 level. May sales of durable goods increased 2.6 percent from last month and were up 10.9 percent from a year ago. Sales of …

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Werner Co. Files for Ch. 11 Bankruptcy Protection

Citing high debt levels and rising prices for aluminum and other raw materials, Werner Co., Greenville, PA, and its affiliated companies have filed for Ch. 11 bankruptcy protection.Werner is a global manufacturer and distributor of ladders, climbing equipment and ladder accessories.In papers filed in U.S. Bankruptcy Court in Delaware, Werner reported audited net sales of …

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Rexel to Buy GE Supply

double Rexel’s revenues in the U.S. consistent with Rexel’s strategy to build a stronger platform here. “That will make us more important to our customers and hopefully to our vendors as well,” Waterman said.GE Supply reported $2.2 billion in pro forma annual sales; Rexel posted $2.5 billion in U.S. sales in 2005. By comparison, WESCO …

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Building Materials Holding Corp. 2Q Sales Rise 31%

Building Materials Holding Corporation, San Francisco, CA, a provider of construction services and building materials to professional residential builders and contractors, reported sales for the second quarter of 2006 increased 31% to $922 million from $702 million in the same quarter a year ago. For the six months ended June 30, 2006, sales increased 42% …

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MDM July 25, 2006

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