April 11, 2008 - Modern Distribution Management

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April 11, 2008

U.S. PT/MC Sales Grow 11.6% in February

While other industries may be experiencing slowdowns leading to recessionary forecasts, sales trends for distributors and manufacturers in the power transmission/motion control industry are still strong, reporting month-to-month sales gains in both U.S. and Canadian markets, according to the February Power Transmission Distributors Association month-end trend data report.
 
Continuing the upward trend of last month, U.S. distributors'sales of PT/MC products were up
11.6 percent in February 2008 compared to January 2008.  When matched up against sales in the same month last year, sales in February 2008 gained 6.7 percent. Accounts receivable collection days were down 5.4 percent from January 2008. The confidence index of U.S. distributors remained flat for the third ...

U.S. PT/MC Sales Grow 11.6% in February Read More »

Fastenal Sales Grow 16% in 1Q

The Fastenal Company, Winona, MN, reported sales in the three-month period ended March 31, 2008, was $566.2 million, an increase of 15.8% over the first quarter last year. Profit was up 26%.
 
During the first quarter, Fastenal opend 53 new stores (compared with 73 in the same period a year ago). The 53 stores represent an increase of 2.5% since Dec. 31, 2007. ...

Fastenal Sales Grow 16% in 1Q Read More »

Dover Acquires Neptune Chemical Pump

New York-based Dover Corp. has acquired Neptune Chemical Pump Company, Lansdale, PA. Neptune will become part of Dover's newly-formed Pump Solutions Group within the Fluid Management segment.
 
Neptune is a manufacturer of chemical metering pumps, chemical feed systems and peripheral products. Neptune's key product lines are known for their use in metering, dosing and injecting chemicals with emphasis on water and waste water treatment. Other major applications include agricultural, food and beverage, and laboratory use. Neptune's fast and flexible business model features speed to market delivery and a reasonably priced alternative when compared to its competitive peer group.
 
Dover plans to grow Neptune by leveraging its product offering through PSG's network of ...

Dover Acquires Neptune Chemical Pump Read More »

Honeywell to Buy Norcross Safety for $1.2B

Honeywell, Morris Township, NJ, has agreed to buy Norcross Safety Products L.L.C., Oak Brook, IL, a manufacturer of Personal Protective Equipment (PPE), for $1.2 billion.

Norcross, majority owned by Odyssey Investment Partners, manufactures protective and safety equipment for the fire service, utility and general industrial worker segments.
 
Norcross will be integrated into Honeywell Life Safety, part of Honeywell's Automation and Control Solutions (ACS) group.  Norcross's revenue was $609 million in 2007.
 
This acquisition creates an exciting adjacency for Honeywell Life Safety -especially our Fire Systems and Gas Detection businesses, which share common distribution channels with Norcross. We expect strong sales synergies across Honeywell ...

Honeywell to Buy Norcross Safety for $1.2B Read More »

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