March 2, 2007

Kaman Sales Up 9.5% in 2006

Leave a Comment / Top Distributor Sectors, Subscriber Only, Power Transmission/Motion Control/Fluid Power, News, Free, Companies / MDM Staff

Kaman Corp.,
Bloomfield, CT, reported sales of $1.2 billion, up 9.5% from $1.1 billion in
2005. The Industrial Distribution segment recorded sales of $665.4 million, a 7%
increase.

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Kaman's Aerospace
division saw a 13% increase in sales for the year to $326 million, and its Music
division saw a sales increase of 12% to $214.8 million.

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Profit for the year
was $31.8 million, up from $13 million in 2005.

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For the fourth
quarter 2006, sales were $308.9 million, up 7% from the same period last year.
Industrial Distribution saw a 3.6% sales increase in the fourth quarter to
$157.6 million.

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The increase in
sales (in Industrial Distribution) was driven by strong ...

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Nucor Buys Most of Harris Steel

Leave a Comment / Finance, Mergers & Acquisitions, Metals Service Centers, Free, Top Distributor Sectors, News, Subscriber Only / MDM Staff

Nucor Corp., Charlotte, NC, has acquired 96% of Toronto-based Harris Steel for C$46.25 in cash per share. Nucor intends to eventually buy all of Harris and take the company private.

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Harris Steel has several business units: Harris Rebar, involved in the fabrication and placing of concrete reinforcing steel and the design and installation of concrete post-tensioning systems; Laurel Steel, a manufacturer and distributor of wire and wire products, welded wire mesh and cold finished bar; and Fisher & Ludlow, a manufacturer and distributor of heavy industrial steel grating, aluminum grating and expanded metal.

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Harris also participates in steel trading on a worldwide basis through Novosteel and in the distribution of reinforcing steel and ...

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Lawson Products Profit Drops in 2006

Leave a Comment / Free, Companies, Top Distributor Sectors, News, Subscriber Only / MDM Staff

Lawson Products, Inc., Des Plaines, IL, distributor of services, systems and products to the MRO and OEM marketplaces, announced sales of $518.2 million for 2006, a 15.1% increase from 2005. Profit decreased 52.8% to $12.6 million in 2006.

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In 2006, Lawson integrated Rutland Tool & Supply Co., acquired in December 2005. That acquisition added about 80,000 SKUs to the company's offering. Lawson also reconfigured its Suwannee, GA, distribution center and started construction on a 140,000 square foot addition to its Reno, NV, DC.

Sales for the fourth quarter 2006 increased 9.2% to $126.2 million from the same quarter in 2005. Fourth quarter 2006 results include a full quarter of the operations of Rutland, which was acquired in December 2005. ...

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March 2, 2007

Kaman Sales Up 9.5% in 2006

Nucor Buys Most of Harris Steel

Lawson Products Profit Drops in 2006

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