Day: February 23, 2007

Praxair to Buy Linde’s Gases Business in Mexico

Praxair Inc., Danbury, CT, has agreed to buy The Linde Group's industrial and medical gases business in Mexico. Linde's Mexican business operates under the name of AGA S.A. de C.V. The transaction excludes the Mexican assets of the BOC Group, which Linde acquired as part of its acquisition of BOC.

The sale of Linde's Mexican business is part of a mutual agreement between Praxair and Linde under which Linde acquired the Turkey-based industrial gases producer Karbogaz A. S. in July 2006. Karbogaz was formerly a joint venture company between Praxair and Ismail Aytemiz of Istanbul, Turkey.

AGA S.A. de C.V. has sales of about $75 million in fiscal 2006.

The acquisition of AGA S.A. de C.V. will increase our presence in the metropolitan area of Mexico City and place ...

Interline Sales Grow 25% in 2006

Interline Brands, Jacksonville, FL, reported sales for fiscal 2006, increased 25% to $1.068 billion. Average organic daily sales grew 8.3%.

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Profit was $31.2 million in 2006, compared with $28.8 million in 2005.

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The acquisition of AmSan in July 2006 added $129.8 million to the second half of 2006, and the acquisition of Copperfield in July 2005 added $18.6 million the first half of 2006. Average daily sales growth, as a result, grew 25.8% for the year.

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In the fourth quarter 2006, sales grew 30% to $67.3 million. Average daily sales growth was 29.8%. Average organic daily sales growth was 2.6%.

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Interline's facilities maintenance market, representing 60% of sales in the fourth quarter, ...

Milacron Reports Net Loss for 2006

Milacron Inc., Cincinnati, OH, reported a net loss for the year of $39.7 million, compared with a net loss of $14 million in 2005.

Sales in 2006 reached $820 million, up from $809 million in 2005. New orders were $828 million compared to $819 million in the prior year.

In the fourth quarter of 2006 of $8.6 million, including $5.1 million in restructuring costs and $1.8 million in refinancing charges. This compared to net earnings in the fourth quarter of 2005 of $5.8 million, which included a $5.5 million tax benefit.

Fourth quarter sales were $198 million, down from $217 million in the year-ago quarter. New orders were $203 million, compared to $212 million in 2005. The bulk of new orders came late in the quarter, which negatively impacted ...

Canada: Wholesale Revenues Up 6.5% in 2006

Release taken from Statistics Canada

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Wholesalers ended the year on a high note, with the automotive sector providing much of the impetus for the largest monthly gain in over two years.

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Wholesale sales jumped&nbsp ; 2.7% in December to&nbsp ; $42.8&nbsp ; billion, following a 0.3% rise in November. December's increase was the largest since March&nbsp ; 2004.

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While a solid showing by the automotive sector (+7.5%) was behind much of December's rise, there were also notable gains in the other products" (mainly agricultural products, chemicals and recycled metals), personal and household goods and building materials sectors. Three sectors registered drops in ...