The 2020 Mid-Year Economic Update_long

Day: September 5, 2007

Fairmont Supply Company Buys Brite Star Sales

Fairmont Supply Company, Canonsburg, PA, a national full-line distributor of industrial maintenance, repair and operating supplies has announced the acquisition of Brite Stars Sales, Elko, NV.
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Brite Stars Sales, an industrial distributor serving the northern Nevada industrial and mining market, specializes in automotive and filtration products sold primarily to the gold mining customers in Nevada. Brite Star Sales has an additional location in Round Mountain, NV.
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Gary Heit, who started the company in 1984, will join Fairmont Supply as a consultant, developing business opportunities in Nevada.
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This acquisition is consistent with our growth strategy to enter key markets throughout the U.S. Brite Stars Sales is an outstanding organization and is ...

Singer Equities Completes Acquisition of National Hose

Singer Equities has completed its purchase of National Hose & Accessory based in Houston, TX.&nbsp ;

Mike Deem, the former owner of the company, will continue to manage the day-to-day operations as a standalone business.
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Singer Equities is a private equity firm focusing its investments towards distributorships in the industrial rubber products industry. The other companies in the group include Hampton Rubber Company, Allied Rubber & Supply, RW Connection, Inc., Advance Fluid Connectors, and PRC Industrial ...

Edgen Murray Adds Valves to Lineup

Edgen Murray Corporation, Baton Rouge, LA, the U.S. subsidiary of Edgen Murray II, L.P., has acquired Equipment Valve & Supply, Inc.
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Equipment Valve, from its locations in Houston, TX, and Broussard, LA, is a distributor of specialized valves and actuation packages to the oil and gas exploration and production, natural gas transmission, petrochemical, processing, and industrial market segments.
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Equipment Valve's products, which are used to control, direct, and measure the flow of oil and gas, are complimentary to our existing product offering. The addition of valves to our global distribution infrastructure further strengthens our commitment to our customers to provide them with a comprehensive specialty supply solution," said Dan O'Leary, CEO of Edgen ...

Ingersoll-Rand to Buy Italian Manufacturer

Ingersoll-Rand Company Limited has agreed to buy privately owned Officine Meccaniche Industriali srl, a European supplier of compressed-air treatment equipment.

OMI develops and manufactures compressed-air treatment products, including air dryers, filters, chillers, and system controllers. OMI is based in northeast Italy in Fogliano Redipuglia, Gorizia Province, and has an additional facility in Logatec, Slovenia.

The acquisition of OMI reflects our intention to build upon one of our core business platforms relating to industrial productivity," said Herbert L. Henkel, CEO for Ingersoll Rand.

Upon completion of the acquisition, scheduled for late September 2007, OMI will operate as part of the Air Solutions business of Ingersoll Rand's Industrial ...

NAW Takes Legal Action in Product Liability Case

The National Association of Wholesaler-Distributors is one of nine organizations that joined in filing an amicus curiae ( friend of the court ) brief in the Supreme Court of Ohio in a case focused on the retroactive application of the doctrine of strict liability in product liability actions brought against non-manufacturer product sellers, including wholesalers, distributors and retailers.
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Strict liability is based on the condition of a manufacturer's product rather than the conduct of the defendant.
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According to NAW President Dirk Van Dongen, the association views DiCenzo as a "major, even seminal case that carries with it profound legal and economic ramifications for wholesaler-distributors in Ohio and across the nation."
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In their brief, ...