Breaking News in Wholesale Distribution
The Timken Company, Canton, OH, announced a strategic reorganization of its Aerospace and Super Precision business. Donna Demerling, president, Aerospace and Super Precision said, "The new organization better aligns our businesses with market opportunities and ...Read More
Emerson Electric Co., St. Louis, MO, which last year announced plans to close 20 plants worldwide, has increased that total to 50 as it implements a plan to move more of its operations to countries ...Read More
November U.S. machine tool consumption totaled $156.17 million, according to AMT - The Association For Manufacturing Technology and AMTDA, the American Machine Tool Distributors' Association. This total, as reported by companies participating in the USMTC ...Read More
Datastream Systems, Inc., Greenville, SC, announced that, after careful consideration, its board of directors unanimously rejected an unsolicited offer by MRO Software, Inc. to purchase all of the outstanding shares of Datastream for $6.00 per ...Read More
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Economic activity in the manufacturing sector declined for the 17th consecutive month in December, while the overall economy grew for the second consecutive month say the nation's purchasing and supply executives in the latest Manufacturing ...Read More
Prophet 21, Inc., Yardley, PA, a provider of business technology and services to the durable goods distribution market, announced significant revenue growth and profitability in the first quarter of fiscal year 2002. Revenues for the ...Read More
Global packaging company Sonoco, Hartsville, SC, has completed the all-cash purchase of privately held, Hayes Manufacturing Group Inc., Neenah, WI, a $56-million manufacturer of paper-based tubes, cores and composite cans.Hayes produces paper-based tubes and cores ...Read More
Pentacon, Inc., Chatsworth, CA, for the quarter ended Sept. 30, 2001, reported net income of $0.8 million compared to a net loss of $0.5 million for the prior year period. Pentacon reported revenues of $64.5 ...Read More
Economic activity in the manufacturing sector declined for the 15th consecutive month in October while the overall economy also failed to grow after four consecutive months of growth say the nation's purchasing and supply executives ...Read More
Pentacon, Inc., Chatsworth, CA, made the interest payment due on Oct. 1, 2001 on its 12 1/4 percent Senior Subordinated Notes due Apr. 1, 2009. The company also announced that it has reached agreement with ...Read More