February 12, 2008 - Modern Distribution Management

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February 12, 2008

BlueLinx Reports Net Loss for 2007

Leave a Comment / Free, Top Distributor Sectors, Building Materials/Construction, News, Subscriber Only /

BlueLinx Holdings Inc., Atlanta, GA, distributor of building products in North America, today reported a net loss for the fourth quarter and full year ended Dec. 29, 2007. In the full year, the net loss was $27.9 million, compared with profit of $15.8 million in the prior year.
 
Sales for the year totaled $3.8 billion, down 21.7%, reflecting lower unit volume and lower underlying prices for both structural and specialty products versus the comparable prior year period.
 
We continue to pursue our strategy while also taking proactive measures to adjust our cost structure to the current business climate," said CEO Stephen Macadam. "The actions we took during the fourth quarter demonstrate our commitment to aggressively managing costs and working capital in this ...

BlueLinx Reports Net Loss for 2007 Read More »

Bearings Specialty Acquires Machine Parts Corp.

Leave a Comment / Finance, Mergers & Acquisitions, Free, Top Distributor Sectors, Power Transmission/Motion Control/Fluid Power, News, Subscriber Only /

Bearings Specialty Company, Canton, MA, has purchased Machine Parts Corp., Providence, RI, and Machine Drives, Hartford, CT. Machine Parts and Machine Drives will operate as divions of Bearings Specialty Company.
 
Bearings Specialty has six branches servicing all of the New England states.
 
Machine Parts and Machine Drives was founded in 1929 as an independent distributor of Power Transmission equipment. In 1972, a division was created to engineer and build custom electrical control panels and systems that include motion control, data acquisition process control and PLC ...

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Grainger on Its New Product Lines, Private Label

Leave a Comment / Free, Companies, Top Distributor Sectors, Facilities Maintenance (MRO), News, Subscriber Only /

MDM spoke with Seth Erickson, vice president of product merchandising for Grainger, about the $6.4 billion facilities maintenance distributor's product expansion and private label strategies.

Chicago-based Grainger continues to add product to its portfolio, a long-term strategy to provide one-stop shopping for its customers. The strategy, says Seth Erickson, vice president of product merchandising, is driven by customer requests.
 
We have found that in MRO efficiency is king, and the more efficient we can make our customers, the more valuable we are to them," Erickson says. In fact, he says that as the economy slows, distributors and their customers must become more efficient and strategically reduce costs by consolidating purchases. "We want to be in a ...

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