Wolseley plc, distributor of plumbing and heating products to professional contractors and a supplier of building materials, reported overall that sales for the first nine months ended April 30, 2008, were up 2 percent and profit fell 23 percent. As a result of what the distributor called tough market conditions, Wolseley has made further cost reductions in North America since April 30, 2008. The distributor has closed 75 branches and reduced headcount by 200 at Ferguson and closed or consolidated an additional 15 locations in Canada, with a reduced headcount of 50 people. More Womack Machine Supply Company has acquired California-based Applied International Motion LLC. The addition of Applied International Motion allows Womack Machine Supply to sell and service Factory Automation products and Motion Control systems in California and Nevada. More
HD Supply Waterworks, an HD Supply business, has opened a 15,000-square-foot facility in Brunswick, GA. The new location features a warehouse, office space and tool showroom. The company has also consolidated two existing local branches into its Savannah-area facility in Pooler, GA. More
Building Materials Holding Corp., San Francisco, CA, a provider of building materials and construction services to professional residential builders and contractors, announced that is wholly-owned subsidiary SelectBuild Arizona will discontinue its residential framing and concrete operations in Tucson, AZ, on July 18. More
Sonepar USA, Philadelphia PA, a subsidiary of Sonepar, has acquired ESSCO Wholesale Electric in Arizona. ESSCO Wholesale Electric, distributor in Arizona and California, is a full-line commercial and residential contractor supply house. The company is a 14-branch operation. More
The Manitowoc Company, Inc., Manitowoc, WI, has increased its offer for commercial foodservice equipment maker Enodis to $2.4 billion, including the assumption of Enodis'net debt of $245 million. In the first week of May, Illinois Tools Works Inc. made an offer of $2.1 billion plus the assumption of debt. More
Applied Industrial Technologies, Cleveland, OH, has agreed to acquire Suministros Industriales Enol, S.A. de C.V. and its group of companies. Enol is one of Mexico's largest distributors of power transmission products including bearings, hydraulic hose, electric motors, conveyor products, and lubricants, and had sales of US$25 million in 2007. More
Metals distributor Samuel, Son &Co., Ltd., Mississauga, Ontario, has agreed to buy Namasco Limited, the Canadian subsidiary of Klockner &Co. AG of Duisburg, Germany. Samuel, Son &Co. operates 45 facilities throughout North America and has locations in Australia, The United Kingdom and China. More 3M, St. Paul, MN, has agreed to buy Quest Technologies Inc., a manufacturer of environmental monitoring equipment, including noise, heat stress and vibration monitors. The move boosts 3M's offering in safety products. More
3M has agreed to sell HighJump Software, a 3M company, to Battery Ventures, a technology venture capital and private equity firm.