April 8, 2008 - Modern Distribution Management

Log In

Search

April 8, 2008

MSC Industrial Sales Up 8.4% in First Half

Leave a Comment / Free, Companies, Top Distributor Sectors, News, Subscriber Only /

MSC Industrial Direct Inc., Melville, NY, distributor of Metalworking and Maintenance, Repair and Operations supplies to industrial customers, reported sales in the second quarter 2008 ended March 1 were up 7.9% to $436.5 million. Profit was $47.5 million, an increase of 17.2%.
 
Sales in the first half 2008 were up 8.4% to $874 million from the same period a year ago. Profit increased 16.7% to $94.3 million. ...

MSC Industrial Sales Up 8.4% in First Half Read More »

84 Lumber Closes 30 More Stores

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

84 Lumber Co., Eighty Four, PA, has closed another 30 stores throughout the U.S. Closed stores operations will be consolidated into other 84 Lumber locations.

The company now has 368 stores and 13 component manufacturing facilities in 37 states.
 
The move was attributed to the state of the new home construction market. ...

84 Lumber Closes 30 More Stores Read More »

McKesson to Buy McQueary for $190M

Leave a Comment / Finance, Mergers & Acquisitions, Free, Top Distributor Sectors, News, Pharmaceutical & Health Care, Subscriber Only /

San Francisco, CA-based McKesson Corp. has agreed to buy McQueary Brothers Drug Company, a Springfield, MO-based regional distributor of pharmaceutical, health, and beauty products to more than 400 independent and regional chain pharmacies in Missouri, Arkansas, Illinois, Kansas, Oklahoma, Nebraska and Iowa.
 
The acquisition expands McKesson's distribution footprint in the Midwestern U.S. and continues momentum in the independent pharmacy segment. The purchase price is $190 million.
 
McQueary Brothers will be integrated into McKesson's U.S. Pharmaceutical business, which is reported in the McKesson Distribution Solutions segment. ...

McKesson to Buy McQueary for $190M Read More »

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!