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In The News:

Breaking News in Wholesale Distribution

Fidelity Capital Investors acquires Avtek

Fidelity Capital Investors, Boston, MA, a private equity leveraged buyout group, has acquired a majority interest in Providence, Rhode Island-based Avtek, Inc., a manufacturer and distributor of industrial and commercial connectivity products and solutions. The ...
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Precision Industries Founder Dies

Sebastion A. Circo, founder of Precision Industries, died on September 27th, 2005. He founded Precision Industries in 1945 in Omaha, NE as Precision Bearing Service. Precision Bearing became Precision Industries in 1990. Today, Precision Industries ...
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Industrial Distribution Group Sells Cardinal Machinery

Industrial Distribution Group, Inc., Atlanta, GA, announced the sale of its Cardinal Machinery business unit to the existing local management team of that entity. Under terms of the agreement, the management team of Cardinal Machinery ...
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Parker Acquires Filtran Aftermarket Products

Parker Hannifin, Cleveland, OH, has acquired Filtran Aftermarket Products, Inc., Miami Lakes, FL, a supplier of aftermarket components used in the rebuilding of automotive transmissions, from SPX Corporationfor an undisclosed sum. FAP had revenues of ...
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Streicher Mobile Fueling to Acquire Texas Lubricant Distributor

Streicher Mobile Fueling, Inc., Ft. Lauderdale, FL, (NASDAQ: FUEL) a provider of integrated out-sourced energy and transportation logistics to the trucking, construction, energy, chemical and government service industries, has agreed to acquire H&W Petroleum Co., ...
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Machine tool consumption Up 15% Over Last Year

July U.S. machine tool consumption totaled $250.11 million, down 4.1% from June but up 22.4% from the total of $204.37 million reported for July 2004, according to the American Machine Tool Distributors' Association and the ...
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Eaton Acquires Hayward's Industrial Filtration Unit

Eaton Corporation, Cleveland, OH, has completed its purchase of the industrial filtration business of Hayward Industries, Inc., Elizabeth, NJ. Eaton announced plans to purchase the business on July 8. Hayward's industrial filtration business had sales ...
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Airgas Acquires Associated Welding Products

Airgas, Inc., Radnor, PA, has acquired the assets and operations of Associated Welding Products, Inc., an industrial gas and welding supply distributor with one location on Columbia Boulevard, in Portland, OR, which generated $2 million ...
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Infor Acquires Formation Systems

Infor, Atlanta, GA, has acquired Formation Systems, a provider of product ­lifecycle management (PLM) solutions for process manufacturing companies . The acquisition of Formation Systems strengthens Infor's product portfolio for process manufacturers. Formation Systems will ...
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ISA donates $50,000 for Hurricane Katrina relief effort

The Industrial Supply Association (ISA) will donate $50,000 to the American Red Cross on behalf of its member companies to aid the relief effort following the devastation caused by Hurricane Katrina in the Southeast United ...
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