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In The News:

Breaking News in Wholesale Distribution

St. Gobain's Building Distribution Unit Buys 6 Companies

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 ...
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Ryerson Sales Up 2.2% from 2005

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 ...
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Report: Buyout Firms Have Approached Home Depot

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 ...
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BlueLinx Sales Down 12.9% in 2006

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 ...
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Ferguson Acquires Grif-Fab

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. ...
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Watsco Sales Grow 7% in 2006

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 ...
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HD to Evaluate Strategic Alternatives for HD Supply Business

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 ...
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Reports: St. Gobain May Sell Abrasives Unit

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 ...
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Building Materials Holding Corp. Terminates Merger Agreement

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 ...
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Bidding War for ElkCorp Ends

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 ...
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