6309 Monarch Park Place, Suite 203
Niwot, CO 80503, USA
Phone (303) 443-5060
Toll free (888) 742-5060
3M, St. Paul, MN, has entered into a definitive agreement to acquire HighJump Software Inc., a provider of supply chain execution software and solutions, including related trademarks and patents. The software company, known for its barcode and radio-frequency technology, and more recently its RFID technology, will be part of 3M's Industrial Services and Solutions Division. See article on p. 4.
D-FW Supply Co. Inc., Dallas, TX, and PFV Supply Co., San Antonio, TX ' two privately held wholesale pipe, valve and fitting firms ' announced their intent to merge in an all-stock transaction, effective Jan. 1, 2004. The merged company will be named Ameripipe Supply Inc. and will maintain headquarters in Dallas. See article on p. 2.
Viking Industries, Lake Forest, IL, has acquired Viking Air Tools, Inc., Indianapolis, IN. Viking Industries is a low-cost American manufacturer and supplier of air and portable tools to the automotive aftermarket and industrial marketplace. Viking Air Tools, originally manufactured by Allan Air Products (tradename Viking) began in 1965 with the Dual Piston Straight-Line Sander. In 1998 Viking Air Tools entered into a multiple year contract to provide American made products for The Stanley Works group in O'Fallon, MO. This OEM deal supplied Mac Tools to The Stanley Works mobile distributors throughout the world.
supplyFORCE, King of Prussia, PA, an MRO procurement solutions company, was selected by York International as their national MRO supplier for non-production items including Pipe, Valves and Fittings, Electrical, Fluid Power, Bearings and Industrial Supplies. Founded in 1874 in York, PA, where the company still maintains its corporate headquarters, YORK is a Fortune 500 company with approximately half of its annual revenue coming from outside North America. YORK designs, manufactures, sells, and services heating, ventilation and air-conditioning systems for residential and commercial markets; gas-compression equipment for industrial processing; industrial and commercial refrigeration equipment; and compressors for residential and commercial air-conditioning, as well as refrigeration applications.
In separate news, The Electrical Distributor Magazine reports that Hughes Supply, Orlando, FL, ended a 10-year relationship with A-D at the end of December. The company will handle its electrical and plumbing manufacturer marketing rebate tasks itself, the article said Link to TED magazine). That news came a week after OneSource Distributors, Oceanside, CA, an electrical distributor, said it planned to leave A-D in January and join IMARK Group, an electrical marketing group.
The Industrial Supply Manufacturers Association's new order index increased to 162.5 in November from 157 in October. The index was flat compared to November 2002. The Federal Reserve Board's Durable Manufacturers Index was 129.3 in November, up from 127.6 in October and up from 122.2 in November of last year. The index reached its highest mark since November 2000. The Conference Board's Index of Leading Indicators increased in November to 114.2 from 113.9 in October, the highest point in more than four years. The index was at 111.0 in November a year ago.
Hughes Supply, Inc., Orlando, FL, has completed the acquisition of Century Maintenance Supply, Inc., previously announced Nov. 26, for $360 million in cash. The transaction, effective Dec. 19, 2003, was financed through borrowings under the company's revolving credit facility and a $250 million interim senior unsecured term loan. Century is a distributor of MRO products to property management companies in the U.S. Its distribution network includes 39 branches in major metropolitan markets in 35 states. Hughes said the deal will help it become a leader in the apartment maintenance, repair and operations (MRO) market, enabling it to more effectively serve national property management companies throughout the U.S. and facilitating its entry into other adjacent MRO markets.