Day: February 22, 2007

Industrial Distribution Group Sales Up 2.9% in 2006

Industrial Distribution Group, Inc. Atlanta, GA, reported sales of $547.9 million in 2006, up 2.9% on an organic basis. Profit was $6.8 million for 2006, compared with $5.4 million in 2005.

Revenue for the fourth quarter 2006 was $131.6 million, a 1.1% increase from $130.1 million in 2005. Profit for the fourth quarter of 2006 was $1.9 million compared with the 2005 profit of $1.5 million.

For the fourth quarter 2006, revenue from the Flexible Procurement Solutions(tm) (FPS) services, including storeroom management, was $80.5 million, or 61.2% of total revenue compared to $74.91 million, or 57.6% of total revenue in the prior-year period, reflecting a growth rate of 7.5%.

Total FPS revenue in 2006 ...

Rexel Takes First Steps Toward IPO

Paris-based Rexel, a global electrical distributor, has filed regulatory documents with France's market regulator,&nbsp ; AMF,&nbsp ; in the first step towards a possible listing of Rexel on Euronext Paris. (The filing, found here by MDM on AMF's Web site, is in French.)

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Rexel was bought about two years ago by a group of private equity firms, including Merrill Lynch, Eurazeo and Clayton, Dubilier & Rice. A spokesman for Rexel told Agence France-Presse that the filing made with the ...