The 2020 Mid-Year Economic Update_long

Day: March 5, 2007

Brady Industries Acquires Boulder Creek Supply

Brady Industries, Las Vegas, NV, a janitorial supply distributor, has acquired Boulder Creek Supply, a Boise, ID-based company.

Boulder Creek was founded in 1999.  With this acquisition, Brady Industries expands its geographic footprint to seven locations with plans for further expansion in 2007.

"The Boise acquisition compliments our regional coverage of the Idaho market, said Travis Brady, president of Brady Industries. "With branches in Salt Lake City and Idaho Falls, this acquisition strengthens our regional service capabilities."

Brady Industries supplies janitorial supplies and commercial cleaning equipment and service in the Las Vegas market. Brady has expanded its offering to include a complete warewash product line along with its already extensive kitchen cleaning and sanitation program.

Columbus McKinnon Sells Larco Unit

Columbus McKinnon Corporation, Amherst, NY, manufacturer of material handling products, has sold Larco Industrial Services, Ltd., the Canadian subsidiary of the company's wholly owned subsidiary Crane Equipment & Service, Inc.

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Larco, a manufacturer and servicer of large capacity overhead cranes based in Stoney Creek, Ontario, was sold to Canadian Overhead Handling Inc. of Montreal, Quebec. The net proceeds of the Larco sale will be used for debt reduction and general operating purposes.

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For the latest 12 months, Larco contributed revenue of approximately $10 million and operated near breakeven.

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Columbus McKinnon CEO Timothy T. Tevens said: Given its narrowly focused product line and market, Larco was not an ...