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Applied Industrial Technologies, Cleveland, OH, has added nearly 4,000 new products to its newly released 2009/2010 master product catalog, bringing the total to more than 42,000. The new catalog includes the debut of NSK bearings, U.S. Electric motors, plus more than 20,000 bearing and power transmission parts, more than 9,000 fluid power products, and a helpful 48-page Technical Reference section that includes formulas, conversion tables, fluid power troubleshooting information and more. "Our goal is to be the most comprehensive resource for industrial supplies and expertise," says Tom Armold, vice president, Marketing and Strategic Accounts.
Grainger, Chicago, IL, has named Sean O'Brien as of president, Acklands-Grainger Inc., Grainger's Canadian subsidiary. O'Brien's new responsibilities include oversight of the Canadian business operations which had revenues of $728 million (C$773 million) in 2008. O'Brien succeeds and reports to Court D. Carruthers who became senior vice president and president, Grainger International, in March of this year.
Grainger has named Jeff Yin to the position of vice president and general manager, Grainger China, based in Shanghai. Yin's new responsibilities include oversight of the Chinese business operations, which had revenues of approximately $10 million in 2008. He reports to Carruthers.
Beacon Roofing Supply, Inc., Peabody, MA, announced it is now operating two branches formerly operated by a distributor of commercial building products based in Southwestern U.S. and has also hired that distributor's North Texas commercial roofing and waterproofing sales staff. The two branches are in Albuquerque, NM, and Oklahoma City, OK, and, along with the North Texas sales staff, have become part of the company's Shelter Southwest region.
Swiss fasteners distributor Bossard reported sales for the first six months of 2009 of CHF 205.9 million (US$194.7 million), down 31.3 percent from the first six months of 2008. Profit declined 70 percent to CHF 5.6 million (US$5.3 million). "The worldwide recession led to an exceptional sales collapse in all markets and regions," the company wrote in its semi-annual report. Sales in Europe fell 36.9 percent, while sales in Asia fell 31.1 percent. Sales in America fared the best with sales only falling 18.4 percent.
Stockholm, Sweden-based Atlas Copco has acquired Czech Republic compressor service provider Servis A.C. s.r.o. The acquisition provides opportunity for increased sales of compressed air equipment and aftermarket products in the region, a center for industrial activity in the Czech Republic. The region has mining, steel plants, automotive and chemical industry. Servis has 10 employees and will be integrated with Atlas Copco's Compressor Technique Service. Atlas Copco is in 160 markets.
Unisource Canada, a division of paper, packaging and facility supplies distributor Unisource Worldwide Inc., Norcross, GA, has completed its acquisition of Concord, Ontario-based Mondrian-Hall Inc. "This is a significant acquisition for Unisource Canada and strengthens our market position throughout Canada," said Al Dragone, Unisource CEO. "It also demonstrates our ongoing commitment to pursue strategic acquisitions and our intent to expand our operations both within and outside North America."
Washington D.C.-based manufacturer Danaher Corp. announced plans to accelerate its 2009 restructuring, now anticipated to total $225 million to $250 million. The initiatives are expected to provide annual costs savings of $220 million through the elimination of 3,300 positions and 30 facilities. Danaher had previously estimated restructuring costs of $150 to $170 million in 2009.