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2010 MDM Market Leaders: Top Industrial Distributors No. 24

Industrial Distribution Group

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Headquarters: Belmont, NC
2009 Revenues: $350-$375 million (est.)
Change in Sales from 2008: -22%
Employees: 984
Locations: 31
Key Executives: President and CEO Charles A. Lingenfelter; CFO James C. Melton; Executive Vice President-Sales Edward C. Gerber

IDG was acquired in 2008 by Luther King Capital Management. A key focus for the industrial distributor continues to be its integrated supply business, which comprises two-thirds of its total sales. The distributor reported primary metals, fabricated metals, industrial machinery & equipment, and transportation are growth industries in 2010; end-markets with strength include automotive and fabricated metals, while weak end-markets include construction and primary metals.

No. 25: Kinecor LP

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