November 4, 2008 - Modern Distribution Management

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November 4, 2008

Parker Hannifin Acquires Nexgen Hose

Parker Hannifin Corp., Cleveland, OH, manufacturer in motion and control technologies, has acquired Nexgen Hose Inc., Fergus, Ontario, Canada. Nexgen is a manufacturer of industrial PVC hose and tubing for niche and industry standard applications. These products are used in medical, agriculture, mining, diving, potable water/beverage and fire suppression industries.
 
In 2007, Nexgen recorded revenues of $7.2 million. Nexgen sales will be recorded within the Industrial North America segment of Parker's Fluid Connectors Group.
 
Nexgen strengthens Parker's position in the North American industrial hose market, broadening our total product offering with the addition of PVC hose and tubing," said Bob Bond, President of Parker's Fluid Connectors ...

Parker Hannifin Buys Matrx Product Line

Parker Hannifin Corp., Cleveland, OH, manufacturer in motion and control technology, has acquired Matrx nitrous oxide delivery systems from the Midmark Corp. The new line will allow Parker to expand its geographic market space for dental nitrous systems to global markets outside its current North American base of operations.
 
Midmark's sales of the Matrx product line in its most recent fiscal year were $7 million.
 
The Matrx nitrous oxide delivery system includes digital flowmeters, manifold systems, standard analog flowmeters and breathing circuits.
 
Parker Hannifin has sales of more than $12 billion ...

Emerson 2008 Sales Up 12%

Emerson, St. Louis, MO, reported sales for fiscal 2008 were $24.8 billion, an increase of 12%. Sales for the fourth quarter ended Sept. 30, 2008, were $6.7 billion, an increase of 11%.
 
Underlying sales in the quarter grew 7%, excluding 2% from favorable currency exchange rates and 2% from acquisitions, net of divestitures. Underlying sales in the U.S. for the fourth quarter increased 1%. International sales increased 13% in the quarter on an underlying basis with Asia increasing 17%, Latin America increasing 25%, Middle East/Africa increasing 14%, and Europe increasing 6%.
 
The company completed the sale of its European appliance motor and pumps business on Sept. 30, 2008 for $101 million. ...

NetSuite Sales Up 44% in 3Q

NetSuite Inc., San Mateo, CA, vendor of on-demand, integrated business management software suites for mid-market enterprises and divisions of large companies, reported sales for the third quarter ended Sept. 30, 2008, were $40.4 million, a 44% increase over the same period a year ago.
 
The company recorded a net loss of $1.7 million, compared with a loss of $1.2 million in the prior-year period. The company recorded $874,000 in net foreign exchange rate losses in the third quarter. Excluding the losses, the net loss was $826,000.
 
Revenue from the Americas for the third quarter of 2008 was $33.2 million, while revenue from international regions outside of the Americas was $7.2 million and now comprises 18% of total revenue. NetSuite added more than 300 new ...

Fairmont Supply Company Buys North Penn Pipe & Supply

Fairmont Supply Company, Canonsburg, PA, distributor of industrial maintenance, repair and operating (MRO) supplies, has acquired Pennsylvania-based North Penn Pipe &Supply.
 
Based in Warren, PA, North Penn Pipe &Supply is a supplier to the oil and gas industry. As a wholly owned subsidiary of Fairmont Supply Company, North Penn Pipe &Supply will operate under its current name. 
 
The president of Fairmont Supply Company, Rich Layton, said: Today's acquisition of North Penn Pipe &Supply allows us to expand our role in the key oil and gas market within the U.S. We believe that oil and gas is a significant component in meeting our country's current and future energy needs. Our long-term business plan has been to balance our growth in various key market segments, ...

Moro Corp. Sales Up 28% in 3Q

Moro Corp., Wayne, PA, reported sales of $22.8 million for the third quarter 2008, an increase of 28.1% from 2007. Profit was $695,000, a decrease of 12.6%.
 
Less profitable contracts and the continuing decline in the housing market drove profitability downward for the Mechanical Contracting division, which deals mostly in HVAC products and services.
 
For the nine months ended Sept. 30, 2008, sales were $55.1 million, up 15% from the same period the prior year. Profit was $769,000, down 50% in a year-over-year comparison.
 
Moro is a construction products and services company engaged in the fabrication of concrete reinforcing steel (rebar), sheet metal (duct work), structural steel and process piping, the distribution of construction steel, miscellaneous ...

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