The 2020 Mid-Year Economic Update_long

Day: June 5, 2007

Austin Hardware Acquires Fastener Distributor

Austin Hardware and Supply, Inc. has acquired JPC Specialties, a supplier of standard and specialty fasteners in Philadelphia, PA. The acquired firm will continue operations from its Philadelphia location under the name JPC Fasteners, an Austin Hardware Company.
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Mark Dudenhoeffer, president of Austin Hardware, said the acquisition broadens Austin's product line; before the acquisition, the distributor was supplying fasteners on a limited basis. JPC makes us a complete fastener resource," he said. Austin also plans to ramp up its vendor-managed bin-stocking programs with this acquisition.
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Austin Hardware is a supplier of specialty industrial and vehicular hardware. Primary industries served include truck body, trailer, specialty and recreational vehicle OEM ...

Platinum Equity Buys Weyerhaeuser’s Wholesale Centers in Canada

Platinum Equity, Los Angeles, CA, has purchased Weyerhaeuser Company's wholesale products distribution centers in Canada and established the distribution business as a standalone company named Broadleaf Logistics Company.

Broadleaf distributes a wide range of building materials, including engineered wood products, oriented strand board, panels, framing lumber, and plywood panels; appearance grade and other cedar products; and specialty products such as exterior siding, insulation, rebar, and roofing.

Headquartered in Vancouver, British Columbia, Broadleaf is Platinum's first Canada-based business. Jacob Kotzubei, the Platinum Equity executive who led the acquisition, said the strategic plan for Broadleaf would focus not only on sustaining current operations, but ...

Allied Building Products Acquires Roofing Distributor

Allied Building Products Corp., East Rutherford, NJ, has acquired roofing materials distributor Spartan Supply Co., Culver City, CA. Spartan will move to a new facility in West Los Angeles.
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The acquisition provides Allied access to a high-end, niche market. It will also fill in logistical gaps. On its Web site, Spartan says it specializes in high-end materials such as imported and domestic slates, specialty clay tiles and copper products, as well as standard roofing ...

Bossard Sales Up 6.7% in First Four Months

The Bossard Group, a global fastener distributor based in Switzerland, reported sales were up 6.7% in the first four months of 2007 compared with the same period a year ago.

The distributor saw broadly based growth in Europe but sales in the U.S. fell by 10.9%. Bossard reported it had expected this decline, which confirmed a decrease in production previously announced by its customers. Sales in Europe grew 18.5% in local currency. All regions reported double-digit growth.

Overall sales for the first four months were (Swiss franc) CHF 204.1 million (US$167.7 million). Sales in the U.S. were CHF 60.7 million (US$49.8 million). Sales in Europe were CHF 117.6 million (US$96.6 million), and in Asia were CHF 25.8 million (US$21.2 million).

Currency translations ...

R& M Manufacturing Buys Die Products Co.

R & M Manufacturing Co., LLC, St. Louis Park, MN, has acquired Die Products Company, a stamping and tooling company in Fridley, MN.
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R & M Manufacturing is a sheet metal fabricator, specializing in custom, short and medium run sheet metal parts.
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The acquisition of Die Products is a strategic investment that increases the services that R & M and Die Products can provide our customers," R & M President Todd Dyste ...

Pactiv Corp. Buys Prairie Packaging for $1B

Pactiv Corporation, Lake Forest, IL, has acquired Prairie Packaging, Inc., a manufacturer of disposable tableware products for $1 billion, or 7X EBITDA. Prairie's 2007 sales are expected to be $500 million.
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Prairie manufactures a broad range of tableware and foodservice products, including drink cups, portion cups, containers, cutlery, plates, and bowls. The company operates five manufacturing facilities in the U.S.
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Pactiv is a supplier in the consumer and foodservice/food packaging markets. Pactiv had 2006 sales of $2.9 ...

Activant Buys Canadian Software Provider

Activant Solutions Inc. has acquired Silk Systems Inc., including its wholly-owned subsidiary Silk Dimensions Systems Inc., computer software provider for the Canadian home improvement, wholesale distribution and building materials industries.
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The acquisition expands Activant's presence in the Canadian market while building on current technology and service offerings for customers across North America.
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Hardware and home improvement centers, lumber and building materials and wholesale distribution are all key growth markets for Activant and are part of our larger corporate strategy of supporting customers across North America, including Canada," said Pervez Qureshi, CEO of Activant Solutions.
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Silk Systems offers a business management ERP ...

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