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In The News:

Breaking News in Wholesale Distribution

Timken reports net loss in 2001

The Timken Company reported that the deepening U.S. economic recession resulted in a 9 percent drop in sales in the fourth quarter, which impacted operating profits and contributed to a net loss in 2001.Sales for ...
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Timken Aerospace and Super Precision reorganize

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 ...
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Emerson Electric to close more plants

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 ...
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November machine tool consumption down 16.6%

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 ...
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Datastream rejects MRO Software bid

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 ...
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December Manufacturing ISM Report On Business

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 ...
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Prophet 21 announces strong Q1 results

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 ...
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Sonoco buys Hayes Manufacturing

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 ...
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Pentacon reports revenue drop

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 ...
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NAPM - Manufacturing continues to slow in October

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 ...
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