Breaking News in Wholesale Distribution
Saint-Gobain's Building Distribution Sector has acquired Galvano Groothandel BV (the Netherlands), Schulte Tiefbau (Germany) and four companies belonging to the Norman group (Channel Isles).Galvano Groothandel BV is a plumbing-heating wholesaler in the Netherlands. With estimated ...Read More
Ryerson Inc., Chicago, IL, reported sales of $5.9 billion for 2006, up 2.2% from 2005. Profit was $71.8 million, compared with $98.1 million in 2005.   ; In the fourth quarter, Ryerson recorded a net ...Read More
The New York Times reported today that some of the country's biggest buyout firms have approached Home Depot CEO Frank Blake - put in place after Robert Nardelli resigned  ; - with proposals to buy ...Read More
BlueLinx Holdings Inc., Atlanta, GA, distributor of building products, reported sales of $4.9 billion, down 12.9% from $5.62 billion a year ago, reflecting lower structural product prices and unit volume. Profit was $15.8 million, compared ...Read More
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Ferguson has acquired Grif-Fab Corporation, a distributor and fabricator of fire protection systems with three locations in Colorado, Arizona and New Mexico. In the year ended Nov. 30, 2006, Grif-Fab had revenue of $28.3 million. ...Read More
Watsco, Inc., distributor of air conditioning and heating products, reported sales of $1.8 billion in 2006, a 7% increase from 2005. Profit was $82.4 million. Fourth-quarter sales were $388 million.   ; “2006 was one ...Read More
The Home Depot, Atlanta, GA, has announced it will evaluate strategic alternatives" for its HD Supply business, including a possible sale, spin or initial public offering of the business.   ; In a release, the ...Read More
According to recent news reports, St. Gobain has put its abrasives unit up for sale. Forbes reported that AFX News carried the news, but St. Gobain would not comment on the possible sale. St. Gobain's ...Read More
Building Materials Holding Corporation, San Francisco, CA, provider of construction services and products to the homebuilding industry, announced that its wholly owned subsidiary, SelectBuild Construction, has terminated its letter of intent to acquire Willis Roof ...Read More
The bidding war between The Carlyle Group and Building Materials Corporation of America for ElkCorp has ended, with The Carlyle Group dropping its offer for the roofing and building products manufacturer.   ; An affiliate ...Read More