April 22, 2008 - Modern Distribution Management

Log In

Search

April 22, 2008

Platinum Equity Increases Bid for IDG

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

The bidding war for industrial distributor Industrial Distribution Group Inc., Atlanta, GA, continues, but without WESCO. Pittsburgh, PA-based electrical distributor WESCO has dropped its bid for IDG, according to a statement released this morning.
 
 
Platinum Equity, the original victor with its offer of $10.30 per share for the distributor, has upped its bid to $11.80 per share in cash in response to WESCO Distribution's earlier bid of $11.75.
 
IDG has until 5 p.m., Eastern Time, today (Tuesday) to accept the price or the offer from Platinum Equity will expire.
 
IDG's Board of Directors have decided to accept Platinum's offer if it does not receive a superior offer from Luther King Capital Management by 3 p.m., Eastern Time, today ...

Platinum Equity Increases Bid for IDG Read More »

Rockwell Automation Agrees to Buy Incuity Software

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

Rockwell Automation, Inc., Milwaukee, WI, has agreed to buy Incuity Software, Inc., Mission Viejo, CA, a supplier of Enterprise Manufacturing Intelligence software.
 
Incuity Software has more than 45,000 seats of its products installed in more than 40 countries in 13 languages. The Incuity Software management team and their employees will become part of Rockwell Automation's Architecture &Software operating segment.
 
As the demand for Enterprise Manufacturing Intelligence rapidly grows, this acquisition supports our commitment to expand the FactoryTalk software suite and enhance our plantwide information strategy to meet customers'evolving needs,"said Steve Eisenbrown, senior vice president of the company's Architecture &Software segment.
 
Rockwell ...

Rockwell Automation Agrees to Buy Incuity Software Read More »

Parker Hannifin Organic Growth at 4.4% in 3Q

Leave a Comment / Free, Companies, Top Distributor Sectors, Power Transmission/Motion Control/Fluid Power, News, Subscriber Only /

Cleveland, OH-based Parker Hannifin, supplier in motion and control technologies, reported sales in the third quarter 2008 were up 14.4% to $3.2 billion. Profit was up 22% to $255.4 million.
 
Organic growth was 4.3%.
 
In the Industrial North America segment, third-quarter sales increased 3.7% to $1.1 billion.
 
In the Industrial International segment, third-quarter sales increased 32.2% to $1.3 billion.
 
In the Aerospace segment, third-quarter sales increased 7.7% to $470.1 million. During the quarter, this segment was awarded a $2 billion long-term contract to supply the fuel package and hydraulic system for the new Airbus A350 XWB aircraft.
 
In the Climate &Industrial Controls segment, third-quarter sales increased 0.5% to ...

Parker Hannifin Organic Growth at 4.4% in 3Q Read More »

Graybar Sales at $5.25B in 2007

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

Graybar, St. Louis, MO, distributor of electrical and communications products and related supply chain management and logistics services, exceeded $5.25 billion in sales during 2007, an  increase of 5% over 2006. The company posted profit of more than $83 million, up 45%, from the previous year.
 
Graybar has more than 250 North American distribution ...

Graybar Sales at $5.25B in 2007 Read More »

Anixter Sales Grow 11% in 1Q

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

Anixter International Inc., Glenview, IL, distributor of communication products, electrical and electronic wire &cable and a distributor of fasteners and other small parts to Original Equipment Manufacturers, reported sales of $1.47 billion in the first quarter 2008, up 11%. Sales included $12.3 million from acquisitions.
 
Profit in the quarter was up 8% to $57.7 million, from $53.6 million the prior-year period.
 
More details here ...

Anixter Sales Grow 11% in 1Q Read More »

Getting Sold on Green

Leave a Comment / Research & Analytics, Free, Strategy, Management, Subscriber Only /

Environmental sustainability in distribution center facilities is a growing trend, according to Bob Shaunnessey, executive director of the Warehousing Education and Research Council, which recently released its 2007 Facilities Trends Report.
 
In the spirit of Earth Day -Tuesday, April 22 -some of the changes distribution and manufacturing companies are making: recycling more materials, switching out bathroom facilities to use less water per flush, using less packaging to ship their products and asking suppliers to use less packaging so there is less waste. They are putting in more energy-efficient lighting, and installing motion sensors so that when no one is in a particular area, the lights stay off.
 
I think 'the right thing to do' set the stage for the ...

Getting Sold on Green 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!