The 2020 Mid-Year Economic Update_long

Day: September 10, 2008

MDM News Digest 3817

Motion Industries, the industrial parts group of Genuine Parts Company, Atlanta, GA, has acquired Drago Supply Company, a regional industrial supplies distributor headquartered in Port Arthur, TX. Drago Supply has eight locations in Texas, Arkansas and Louisiana. More
DXP Enterprises, Inc., Houston, TX, has acquired Massachusetts-based PFI, LLC, for $65 million. PFI distributes fasteners, rivets and hose clamps. The company has locations in Georgia, North Carolina, Illinois, Ohio, Texas, California, Massachusetts and Florida. More
Interline Brands, Inc., Jacksonville, FL, ...

Labor Productivity Improves in Wholesale Sector 2006-2007

Labor productivity -defined as output per hour -increased in the wholesale sector in 2007 by 2.1 percent from 2006 to 2007, according to a new report from the Bureau of Labor Statistics. Unit labor costs increased as well.
Between 1987 and 2007, labor productivity in wholesale trade increased at a 3.3 percent average annual rate.
Output per hour grew in 12 of 19 detailed wholesale trade industries in 2007. (See table below.) Commercial equipment wholesalers experienced the largest productivity gain, 13.7 percent.
Sectors seeing decreases were motor vehicles and parts, lumber and construction supplies, metals and minerals, druggists'goods and miscellaneous durable and nondurable goods.
Unit labor costs fell in seven ...

MDM September 10, 2008

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U.S. PT/MC Sales Down; Canadian Sales Up From June

U.S. distributors'overall sales of PT/MC products fell 1.1 percent in July 2008 compared to June 2008. When matched up against sales in the same month last year, sales in July 2008 were up 10.2 percent. Accounts receivable collection days increased 2.6 percent since June 2008. The confidence index of U.S. distributors for July dropped 0.2 points to 5.4 (on a 10-point scale).
Canadian distributors were the only category reporting a gain in sales in July 2008, posting a 2.0 increase over June 2008. Sales over the same period last year were up 6.4 percent. Accounts receivable collection days dropped dramatically, by 19.3 percent compared to June 2008. In July 2008, the confidence level of Canadian distributors was held constant for the sixth consecutive month at 5.7 (on a ...

PrimeSource to Buy Compass International

PrimeSource Building Products, Inc., Carrollton, TX, distributor of building materials and construction fasteners, will buy Compass International Inc., distributor and originator of MARKER and DARTS fasteners.
Compass is headquartered in Anaheim, CA, with offices in Chicago, IL, Houston, TX, and Atlanta, GA.
PrimeSource is very pleased with this acquisition as it allows us to expand our already robust product offerings and consolidate them under the Pro-Twist brand. This deal will afford easy distribution of all current Compass International products through our local PrimeSource distribution centers located from coast-to-coast," says Ken Fishbein, Co-Chief Executive Officer of PrimeSource. 

Compass International's MARKER family includes drywall, ...