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Breaking News in Wholesale Distribution

Kennametal Inc. advances financing of Widia Group acquisition

Kennametal Inc. has advanced financing of its Widia Group acquisition by offering 3.2 million common shares at an initial price of $36 per share. Subsequently, and as part of a plan to reduce bank obligations, ...
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Nylok acquires Multech Inc.

Nylok Corp., major player in the self-locking, self-sealing fastener sector, has acquired Multech, Inc., a licensed applicator of ''3M'' Thread Sealant and ''Scotch-Grip'' Fastener Adhesive. Multech reach into the automotive industry and in the manufacture ...
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Ferguson acquires Tahoe Truckee Supply, Inc.

Ferguson Enterprises acquired substantially all the assets Tahoe Truckee Supply, Inc of Truckee, CA, on May 13, 2002. Tahoe Truckee Supply is a wholesale distributor of plumbing supplies, furnaces and hydronic heating equipment. The acquisition ...
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Airgas sells Kendeco Tool Crib

Airgas, Inc. announced sale of the Kendeco Tool Crib business unit through a management-led buy-out for an undisclosed cash price. The acquiring management team includes Kendeco President Robert Miller and Jason Dierks, vice president of ...
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ITW quarterly revenues down 2%

ITW quarterly revenues down 2%. for the three months ending May 31. Operating revenues consisted of 3 percent growth from acquisitions, offset by a 4 percent decline from base businesses and a 1 percent decrease ...
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Strategic Distribution extends stock repurchase program

Strategic Distribution, Inc., Bensalem, PA, announced that the company's Board of Directors has authorized the extension of its 2001 stock repurchase program by approving the repurchase of up to 500,000 shares of Strategic Distribution Common ...
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May Manufacturing ISM Report On Businessᆴ

Economic activity in the manufacturing sector grew for the fourth consecutive month in May. The overall economy grew for the seventh consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On ...
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Ingersoll-Rand acquires majority interest in Superay

Ingersoll-Rand Company Limited, Hamilton, Bermuda, a diversified industrial firm, announced May 9th that it has acquired a 51 percent interest in Superay, a manufacturer of tools and related products based in Jintan, China. Terms were ...
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Airgas Reports 18% EPS Growth for Fiscal Fourth Quarter

Airgas, Inc., Radnor, Pa., reported earnings for its fourth quarter and fiscal year ended March 31, 2002.Net earnings for the quarter, excluding certain gains and losses, were $14.4 million or $0.20 per diluted share compared ...
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Prophet 21 reports profitable third quarter

Prophet 21, Inc., Yardley, Pa., a provider of enterprise business technology and service solutions for the durable goods distribution market, announced its financial results for the third quarter of fiscal 2002, reporting a $.32 per ...
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