October 18, 2007 - Modern Distribution Management

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October 18, 2007

GHX Industrial Acquires Two Gulf Coast Distributors

GHX Industrial, LLC, a Houston-based fabricator and distributor of industrial fluid transfer and sealing products, has acquired All Hose & Specialty, LLC and Sykes Supply Company for $20 million.
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With the acquisitions, GHX will have annualized revenues of $70 million and increased coverage through the Gulf Coast area.

All Hose is a supplier and assembler of high-pressure, hydraulic and industrial hose products and fittings with facilities in Broussard and Houma, LA, and in Houston, TX. Hose's customer base is broadly diversified across the oilfield service, industrial equipment and industrial service industries.

SSC is a supplier and provider of industrial hose, gaskets and mechanical seal repair with facilities in Pensacola, FL, and Mobile, AL.

GHX Industrial Acquires Two Gulf Coast Distributors Read More »

Motion Industries Sales Grow 7% in 3Q

Genuine Parts Company, Atlanta, GA, reported total sales of $2.8 billion in the third quarter were up 4% from the prior-year period, and net income was up 6%.

For the nine months ended Sept. 30, 2007, sales were $8.22 billion, up 4%, and net income was $380.3 million, up 7%.

Motion Industries generated the strongest revenue increase of the group of companies, with sales up 7% in the quarter. The electrical group, EIS, sales were up 4%, followed by Automotive, up 3%, and Office Products, up ...

Motion Industries Sales Grow 7% in 3Q Read More »

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