February 14, 2007 - Modern Distribution Management

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February 14, 2007

B& D Industrial Buys Simco Technologies

B & D Industrial, Macon, GA, a regional industrial distributor, has acquired Simco Technologies, an Atlanta-based distributor of industrial electronics, sensors, drives, motion control, machine safety and machine vision systems.

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The B & D Industrial holding company provides industrial products and services to mining, manufacturing, engineering and OEM companies from its almost 40 facilities in Georgia, Florida, North and South Carolina, Tennessee and Alabama.

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Simco Technologies' industrial automation products will complement the other areas of focus for B & D Industrial. Simco operates out of its branch ...

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St. Gobain’s Building Distribution Unit Buys 6 Companies

Saint-Gobain's Building Distribution Sector has acquired Galvano Groothandel BV (the Netherlands), Schulte Tiefbau (Germany) and four companies belonging to the Norman group (Channel Isles).

Galvano Groothandel BV is a plumbing-heating wholesaler in the Netherlands. With estimated sales of 84 million euros in 2006, the company has 177 employees. Through this acquisition, Saint-Gobain Building Distribution establishes a foothold on the Dutch distribution market for plumbing-heating products and strengthens its European Division dedicated to this market.

Germany's specialist civil engineering distributor, Schulte Tiefbau operates 13 branches specializing in water supply. With sales of 62 million euros ...

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Ryerson Sales Up 2.2% from 2005

Ryerson Inc., Chicago, IL, reported sales of $5.9 billion for 2006, up 2.2% from 2005. Profit was $71.8 million, compared with $98.1 million in 2005.

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In the fourth quarter, Ryerson recorded a net loss of $4.4 million, compared with a profit of $6.3 million in 2005. Sales in the fourth quarter were $1.4 billion.

Fourth quarter 2006 volume, as anticipated, reflected the typical year-end slowdown, exacerbated by high inventories in a variety of products throughout the supply chain," said CEO Neil S. Novich. "Additionally, this excess industry-wide inventory, coupled with an extraordinary run up in stainless steel prices, due to nickel surcharges (up an average of about $700 per ton from the third ...

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