6309 Monarch Park Place, Suite 203
Niwot, CO 80503, USA
Phone (303) 443-5060
Toll free (888) 742-5060
The key raw ingredient in
tungsten carbide tooling is wreaking havoc with cutting tool prices for
distributors, with up to 20%-plus price jumps. Worldwide markets for
Ammonium Para Tungstate (APT), the key raw ingredient for carbide tooling, are
extremely volatile in 2005 so far. APT prices have risen by as much as four-fold
in the past ten months, from an average of below $70 per metric ton to $250-$300
per metric ton. See article. target=_blank>here.
S. B. Simpson Group
Burlington, Ontario, has acquired Peel Industrial Supplies
Limited, Brampton, Ontario. Both companies are general-line industrial
distributors that offer full supply chain management services. The two companies
have competed for years in the greater Toronto area. Their respective product
lines, supplier bases and product offerings mirror one another. Both are active
members of IDI, the Canadian industrial distributor network. See article. href="/Admin/issues/35_13/news/2726-1.html"
General Industrial Tool
& Supply, Sun
Valley, CA, a general-line industrial distributor, has acquired
W.I.S.E., a distributor into local government markets and
Pacific Supply, a wholesale power tool distributor. The deals
add about 30 percent in volume to General Industrial's sales, according to CEO
Kathleen Durbin. In addition, the acquisition extends the company's reach into
the local municipal and utility segments in Southern California. See article. href="/Admin/issues/35_13/news/2725-1.html"
Supply, Inc., Orlando,
FL, has completed the acquisition of Ram Pipe and Supply, Inc.,
a distributor of plumbing and water and sewer products serving the Yuma, AZ
area. Ram Pipe and Supply was formed in 1989 by Ron Martin, who will remain with
the company. A single branch operation, Ram Pipe and Supply has developed a
strong reputation as the leader in the residential and commercial plumbing and
waterworks markets in the fast-growing Yuma, Arizona area. The company generated
sales of approximately $14.0 million in its latest fiscal year ended Dec. 31,
2004. See article. target=_blank>here.
The Julius Kraft
Company Inc., a distributor of industrial cleaning and safety equipment
in Auburn, NY, appears to be closing its doors in New York, and divesting
operations in Massachusetts and North Carolina, according to sources. Safety
Today, a safety distributor based in Groveport, OH, has hired Julius Kraft's
three employees in North Billerica, MA. Several companies are interested in
Julius Kraft's Raleigh location. Julius Kraft is a fifth-generation family-owned
company since 1868, with $11 million in sales, according to its Web site.
Primary customers have included Eastman Kodak, Corning and Motorola.
Company, Canton, OH,
has completed the sale of its Linear Motion Systems (LMS) division - Timken
S.p.A in Milan (Italy) and Timken Deutschland GmbH in Stuttgart (Germany) — to
Overseas Industries S.p.A., an Italian firm. LMS designs and
produces linear guides for industrial equipment manufacturers, and in 2004 had
net sales of approximately $40 million (32 million euro). In addition, LMS is a
distributor of needle roller bearings and a range of diversified sourced
products, marketed under the Nadella brand. See article. href="/pub/1_1/breaking-news/2708-1.html"
May U.S. machine tool
consumption of $249.8
million was up 4.4% from April and up 23% from the total of $203.7 million
reported for May 2004. With a year-to-date total of $1,203.9 million, 2005 was
up 17.9% compared with 2004, according to