August 8, 2007 - Modern Distribution Management

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August 8, 2007

June Wholesale Revenues Up 0.6% from May

June 2007 sales of merchant wholesalers, except manufacturers'sales branches and offices, after adjustment for seasonal variations and trading-day differences but not for price changes, were $359.5, up 0.6 percent from the revised May level and were up 8.1 percent from the June 2006 level. The May preliminary estimate was revised upward $0.2 billion or 0.1 percent. June sales of durable goods were up 0.7 percent from last month and were up 4.9 percent from a year ago.
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Compared to last month, sales of computer and computer peripheral equipment and supplies were up 5.4 percent. June sales of nondurable goods were up 0.5 percent from last month and were up 11.1 percent from last year.
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Total inventories of merchant wholesalers were $398.5 billion at the end of ...

June Wholesale Revenues Up 0.6% from May Read More »

Beacon Roofing Supply Organic Sales Down 2.1%

Beacon Roofing Supply, Inc., Peabody, MA, reported sales increased 19.1% to $484.9 million in the third quarter 2007 from the same period a year ago. The increase was primarily due to acquisitions.
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Organic growth was down 2.1% due to an 8.1% decline in residential roofing sales. There have been continued lower levels of new home construction activities in most markets and flat-to-declining prices. In addition, there has been a significant slowdown in reconstruction and reroofing activities in the markets that experienced damages from Hurricanes Katrina and Rita.
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Non-residential roofing and complementary product sales in existing markets increased 5.2% and 1.7%, respectively. There have been continued high levels of commercial construction activities in most ...

Beacon Roofing Supply Organic Sales Down 2.1% Read More »

Motion Industries Buys Gerrish Bearing Co.

Motion Industries, distributor of industrial maintenance, repair and operation replacement parts, has acquired Gerrish Bearing Company. Gerrish has locations in Seattle and Tacoma, WA, and is a distributor of bearings, power transmission and industrial products.

The acquisition of Gerrish Bearing Company will allow Motion Industries to continue our penetration of the market with bearings and power transmission products as well as industrial products throughout the area," said Bill Stevens, Motion Industries president and CEO.

With 2006 sales of $3.1 billion, Motion Industries is a distributor of bearings, power transmission, electrical and industrial automation, hydraulic and industrial hose, hydraulic and pneumatic components, industrial supply products, and ...

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Rexnord Sales Up in 1Q

Rexnord LLC reported sales for the first quarter ended June 30, 2007, were $448.2 million, an increase of 55.2% thanks to acquisitions over the same period a year ago. Power Transmission sales were $309.8 million, up 7.4%, and Water Management sales were $138.4 million.
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Core sales growth was 9.2% on a pro-forma basis.
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Rexnord reported that the end markets in both Power Transmission and Water Management have held up well in the first quarter.
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Rexnord ended the quarter with a backlog in Power Transmission of $430 million, an increase of 7% from March 2007, and 23% compared with a year ago. In the Water Management platform, Rexnord saw strength in the end-markets of commercial construction as well as civil/municipal ...

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Powers Fasteners Indicted in Big Dig Tunnel Collapse

Power Fasteners Inc., Brewster, NY, a global fasteners manufacturer, has been indicted by a Grand Jury in connection with the July 10, 2006, ceiling panel collapse that killed one person in the I-90 Connector Tunnel (Big Dig tunnel) in Boston, MA. Powers has been charged with one count of involuntary manslaughter.
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Milena Del Valle died when a suspended concrete ceiling panel collapsed on the vehicle she and her husband were traveling in. After a 13-month investigation, authorities determined that Powers' epoxy was used to suspend the concrete ceiling in that section of the tunnel.

Federal authorities allege that the cause of the ceiling collapse was the use of Power-Fast Fast Set epoxy product in the anchor system. They say the type of epoxy used was found to be ...

Powers Fasteners Indicted in Big Dig Tunnel Collapse Read More »

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