The industrial product group listed here - Wiring Devices - represented a market in 2007 of $6.9 billion, according to estimates by Industrial Market Information, Minneapolis.
These charts show the top ten industries, by SIC code, consuming these products; and the 2007 end-user consumption of these groups sorted by the nine government market ...
U.S. Market Analysis: Wiring Devices Read More »
Paris-based Rexel now owns 98.67 percent of Hagemeyer NV, and shares of Hagemeyer will no longer be publicly traded as of mid-April, the companies announced. In November 2007, Rexel and Hagemeyer reached an agreement for Rexel to buy the Dutch electrical distributor for roughly US$4.5 billion. More
Rexel will complete sales of
MDM News Digest 3807 Read More »
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MDM April 10, 2008 Read More »
EIS Inc., Atlanta, GA, a distributor of electrical insulation and other process materials used in electrical original equipment manufacturing, as well as the motor repair industry, recently agreed to buy C.H. Clowers Supply Company. Clowers has one location in the city of Pine Bluff, AR, and is also a distributor of electrical materials to OEMs and repair facilities.
The branch is EIS's first in Arkansas.
The sale is expected to close by May 1, 2008.
With 2007 sales of $436 million, EIS is a distributor of process materials, production supplies, industrial MRO and value added fabricated parts. Primary markets for EIS are the electrical OEM, apparatus repair and assembly markets. EIS has 31 branches and three fabrication facilities in North ...
EIS Agrees to Buy CH Clowers Supply Read More »
February 2008 sales of wholesalers were $377.4 billion, down 0.8 percent from the revised January level, but up 12.2 percent from the February 2007 level.
The January preliminary estimate was revised downward $0.9 billion or 0.2 percent.
February sales of durable goods were down 1.7 percent from last month, but were up 3.6 percent from a year ago. Compared to last month, sales of furniture and home furnishings were down 4.6 percent and sales of metals and minerals, except petroleum, were down 4.1 percent.
Sales of nondurable goods were up 0.1 percent from last month and were up 20.5 percent from last year. Sales of petroleum and petroleum products were up 2.6 percent from last month, while sales of farm product raw materials were down 4.4 ...
U.S. Wholesale Revenues Down 0.8% in February Read More »
The RectorSeal Corp., Houston, TX, manufacturer of specialty chemical products and tools for the HVAC industry, has acquired SMD Research, Inc., Coconut Creek, FL, a manufacturer of products for air conditioning condensate control.
SMD produces a line of patented Safe-T-Switch overflow shut-off switches, in combination with the Safe-T-Gard condensate overflow alarm and Nu-Line® condensate drain line cleaner. ...
HVAC Supplier RectorSeal Acquires SMD Research Read More »
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 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 »
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 »
Airgas, Inc., Radnor, PA, has acquired A&N Plant, a European-based supplier of new and reconditioned rotating, positioning, and welding equipment for sale and rent. The business had sales of $20 million for the year ended June 30, 2007.
The acquisition creates a new business unit of Red-D-Arc Limited, an Airgas company, a provider of welding, positioning, and related rental products and services in North America.
A&N Plant has an office in Old Amersham, Buckinghamshire, and facilities in St. Helens, Merseyside, England, and in Stellendam, The Netherlands. It operates in Europe, Asia, and the Middle East, serving a diverse customer base in offshore and onshore oil and gas, petrochemical, power generation, environmental, industrial plant, and steel fabrication ...
Airgas Buys European Supplier of Welding Eqmt. Read More »
Source: Statistics Canada, www.statcan.ca
Construction intentions in Canada cooled for a fourth consecutive month in February, on the heels of a sharp decline in the value of building permits for non-residential construction in Ontario.
Municipalities issued $5.8 billion worth of building permits, down 1.0% from January. Intentions peaked in May and June 2007 at $7.0 billion.
February's decline resulted from much lower non-residential construction intentions in Ontario. If the province were excluded, the total value of building permits nationally would have increased 9.8%, instead of declining 1.0%.
Nationally, a marked increase in residential intentions was not enough to offset a decline ...
Construction Permits in Canada Fall in February Read More »
Industrial Distribution Group, Atlanta, GA, has two more suitors.
The company announced today that private equity firm Luther King Capital Management Corp., Fort Worth, TX, has made a competing bid for the distributor for $11.70 per share. The proposal represents a 13.6% premium to the $10.30 per share cash offer (or $113 million) made by Platinum Equity and accepted by IDG.
In a letter to Richard Seigel, chairman of the IDG board of directors, the firm said it currently owned 14.9% of IDG stock.
Another company -a strategic buyer known as Bidder D in IDG's news release -has offered $11 per share. That company had participated in the original bidding phase after IDG announced it would consider being sold. IDG would not identify Bidder ...
Two More Bidders for Industrial Distribution Group Read More »
Parker Hannifin Corp., Cleveland, OH, supplier in motion and control technologies, has acquired Vansco Electronics, a manufacturer of electronic controls, displays and terminals, communication and operator interfaces, and sensors. Vansco systems for mobile equipment, a primary Parker market, include key applications for agricultural, construction, material handling, bus, RV, and specialty truck equipment.
Vansco facilities in Canada, the U.S., Finland, Belgium, and the United Kingdom employ 1,005 people. In the fiscal year ending Aug. 31, 2007, Vansco achieved sales of $180 million. About 83 percent of Vansco's sales are made in Parker's Industrial North America reporting segment.
Vansco will become a part of the global operations of Parker's hydraulic ...
Parker Hannifin Acquires Vansco Electronics Read More »
Creative Touch Interiors, Orlando, FL, an HD Supply business that provides customized builder solutions for interior finish selection and installation, has entered the Atlanta market with the opening of a new 20,000 square foot warehouse facility. The facility will serve many of CTI's national home builder customers by warehousing and distributing products such as flooring, cabinets, countertops and window coverings.
The new Atlanta facility will serve as one of CTI's main Southeast district hub locations servicing locations such as Birmingham, AL, and Macon, GA.
We are thrilled to enter the Atlanta market by expanding our national footprint to include one of the most important geographic regions for our national home builder customers," said Tom Lazzaro, ...
HD Supply’s Interiors Business Enters Atlanta Market Read More »
Parker Hannifin Corp., Cleveland, OH, supplier in motion and control technologies, has acquired HTR Holding Corp. and its subsidiaries, including Hi-Tech Rubber, Inc., Inland Technologies, Inc., Ventrex, Inc. and Accusil, Inc. The acquired companies operate under their own names.
HTR Holding Corp. sales for its fiscal year ended Dec. 31, 2007, on a consolidated basis, were $93 million.
The Hi-Tech Group companies provide precision plastic and elastomeric components for medical devices such as intravenous equipment, drug infusion pumps, masks, septums, respirator hoses, catheters and diaphragms sold directly to original equipment manufacturers. Hi-Tech also produces components for various pump valves, liquid control valves and other non-medical ...
Parker Hannifin Extends Medical Seal Capacity Read More »
Dutch seals distributor ERIKS has increased its bid for valve manufacturer Royal Econosto NV to €8.21 per share in cash from €7.80 after reports Gilde Buy Out Partners BV will increase its original bid to compete.
Econosto has two divisions: flow and sealing technology (the production, sale and distribution of valves, gaskets, sealing products, hoses, couplings, instrumentation systems, chemical seals, etc.); and Comfort and Environmental Technology (production and sale of domestic and industrial HVAC and energy systems and services.)
ERIKS owns about 8% of Econosto shares.
According to the ERIKS press release, ERIKS has agreed to acquire 20.4% of the shares from a group of shareholders, including Janivo Beleggingen B.V., Gestion ...
ERIKS Ups Offer for Econosto Read More »
Weyerhaeuser Company, Federal Way, WA, is exploring the sale of its Oriented Polymer Composites (OPC) technology in Kent, WA.
Weyerhaeuser's proprietary OPC technology is supported by several U.S. and foreign patents and patent applications. This technology is used to generate an oriented, low density product with wood-like appearance from virgin and recycled plastics.
Weyerhaeuser's initial business plan for the technology platform focused on the high margin exterior trim market, with a secondary product offering in fencing. The company's research indicated the technology can also be used for decking and related products.
Closing Operations
Weyerhaeuser also announced it would indefinitely curtail" operations at its oriented strand ...
Weyerhaeuser Explores Sale of OPC Technology Read More »
Bosch Rexroth intends to acquire K. &H. Eppensteiner, the hydraulics equipment company based in Ketsch, Germany. An agreement was signed on March 31, 2008.
Eppensteiner develops, manufactures, and sells fluid filters for installation in hydraulic and lubrication oil systems. Its product portfolio also includes complete systems for purifying and recycling hydraulic and lubrication oil. With more than 200 associates, the company generated sales of roughly €28 million in 2007, mainly in Europe.
In acquiring Eppensteiner, we are taking an important step toward expanding our product portfolio to include accessory components. Fluid filters are an important building block in our strategy of further growth in the service and retrofitting business,"said Albert ...
Bosch Rexroth Agrees to Buy Eppensteiner Read More »
Reliance Steel &Aluminum Co. has acquired Dynamic Metals International, LLC Bristol, CT.
Dynamic is a specialty metal distributor. Dynamic's 2007 revenues were $11 million. Dynamic will operate as a subsidiary of Service Steel Aerospace Corp., Tacoma, WA. This strategic acquisition expands our existing Service Steel Aerospace specialty product offerings,"said David H. Hannah, CEO.
Reliance Steel & Aluminum Co., Los Angeles, CA, is a metals service center company with more than 180 locations in 37 states and Belgium, Canada, China, South Korea and the United ...
Reliance Steel & Aluminum Acquires Dynamic Metals Read More »
Currency exchange rate pressures lead to an increase in the exit rates of very small manufacturers (fewer than 20 employees), finds a report released today by the Office of Advocacy of the U.S. Small Business Administration.
Interestingly, small manufacturers in high-tech industries are more insulated from international competitive pressures than those in other sectors," said Robert Feinberg, professor at American University and author of the paper.
The study, The Impact of International Competition on Small-Firm Exit in U.S. Manufacturing, focused on 1990 to 2004. The author noted little variation in the overall exit rate of small manufacturers over time, but a reasonable amount of variation across firm size and industry.
Factors affecting exit ...
Small Manufacturers Hit Harder by Global Conditions Read More »
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