The 2020 Mid-Year Economic Update_long

Day: October 25, 2006

Consolidation Fever Continues

Hellman & Friedman, LLC and Thoma Cressey Capital Partners, LLC purchased Activant Solutions, which provides vertical business management software and owns Prophet 21, software focused on distribution. Singer Equities, a firm active in the rubber business, bought out Maine-based PRC Industrial Supply, a distributor of rubber, hose and accessories. Heritage Partners recently invested in electrical …

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Airgas 2Q Sales Up 13%

Airgas, Inc., Radnor, PA, U.S. distributor of industrial, medical, and specialty gases, welding, safety, and related products, reported second-quarter sales of $791 million, up 13% over the previous year. Total same-store sales were up 11%, with hardgoods up 10% and gas and rent up 11%, reflecting pricing and solid demand in industrial production, energy and …

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Monthly Wholesale Trade: Sales and Inventories

Sales. August 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 $335.6 billion, up 1.1 percent from the revised July level and were up 12.5 percent from the August 2005 level. August sales of durable goods increased 1.4 percent …

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MDM News Digest 3620

Distribution-North America as a result of double-digit sales growth in Corporate Accounts and Tier II relationships. Barnes Group sales year-to-date increased 13 percent to $930.8 million. More …Wesco International Inc., distributor of electrical MRO products and construction materials, sales were $1,343 million in the third quarter 2006, an increase of 18.7 percent from the prior-year …

MDM News Digest 3620 Read More »

HVACR Distributors Tap Into European Group

The PTDA is not the only organization reaching across the Atlantic. Heating, Air-Conditioning and Refrigeration Distributors International executive vice president and COO Donald Frendberg recently addressed European distributors at the 48th FEST Congress (European Federation of the Sanitary and Heating Wholesale Trade) in Portugal. The conference brought together more than 170 attendees from 11 European …

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MDM Interview: Cross-Border Collaboration

What are the obstacles in getting more distributors involved?HL: The size of distributors is an issue along with language problems. Countries like Switzerland and Belgium have several official languages the association cannot afford to be multilingual. And multilingual means accommodating more than just three different languages.MDM: What about Eastern European distributors’ involvement is this important …

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Manufacturing Growth May Moderate

similar to last year, dropping to 70 percent in September 2006 from 72 percent in September 2005. Although the composite index and several individual indexes point to slower growth, several indexes’notably exports and capacity utilization’rose,” said Daniel J. Meckstroth, Ph.D., Manufacturers Alliance/MAPI chief economist. “Further, all of the indexes remain well above the 50 percent …

Manufacturing Growth May Moderate Read More »

MSC, Wesco on Recent & Pending Acquisitions

million and expects 2006 sales to reach $600 million. The company is a national distributor of low-voltage network infrastructure and industrial wire and cable products. It has 32 branches, a sales force of more than 300 associates, and its marketing focuses on Fortune 1000 and large institutional customers in the U.S. The acquisition will close …

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MDM October 25, 2006

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