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In The News:

Breaking News in Wholesale Distribution

Applied Posts Strong Second Quarter

Applied Industrial Technologies,Cleveland, OH, reported net sales for its second quarter ended Dec. 31, 2004, were $404.1 million, up 12.4 percent from $359.7 million in the same period a year ago. Net income for the ...
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Lab Safety Supply to Buy AW Direct, Inc.

W.W. Grainger,Chicago, said its Lab Safety Supply subsidiary has signed a definitive agreement to acquire AW Direct, Inc., Berlin, CT, a $28-million direct marketer of products to the $3 billion service vehicle accessories market. AW ...
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Lincoln Electric Agrees to Acquire J.W. Harris Co.

Lincoln Electric Holdings, Inc.,Cleveland, OH, has signed a letter of intent to acquire all of the outstanding stock of the J.W. Harris Co., Inc., a privately held brazing and soldering alloys manufacturer headquartered in Mason, ...
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Airgas President and COO Resigns

Airgas, Inc.,Radnor, PA, the largest U.S. distributor of industrial, medical and specialty gases, welding, safety and related products, announced that Glenn M. Fischer resigned on Friday, Jan. 14. The company has appointed Michael L. Molinini ...
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Bosch Rexroth acquires Oil Control Group

Bosch Rexroth AG has acquired the majority of shares in Oil Control Group S.p.A.,Milan, Italy, a manufacturer of hydraulic cartridge valves and manifolds. Its Oil Control, EDI System, Oil Sistem, TARP and LC Oleodinamica brands ...
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November machine tool consumption up 18.3%

November U.S. machine tool consumption of $275.20 million was up 18.3% from October and up 40.4% from the total of $195.98 million reported for November 2003. With a year-to-date total of $2,669.77 million, 2004 was ...
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Dana Corp to close Muskegon, MI foundry

Dana Corporation, Toledo, OH, has signed a long-term agreement with Federal- Mogul Corporation to supply Dana with grey iron castings from its western Michigan facility. Grey iron castings are used in the manufacture of piston ...
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Danaher to acquire LEM Instruments

Danaher Corporation, Washington, signed a definitive agreement to purchase LEM Instruments, a division of Swiss based LEM Group for approximately $57 million in cash including transaction costs and net of cash acquired. With primary operations ...
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Purchasing Execs Expect Growth in 2005

Economic growth in the U.S. will strengthen in 2005, say the nation's purchasing and supply executives in their 68th Semiannual Economic Forecast. Expectations for 2005 are higher in both the manufacturing and non-manufacturing sectors, and ...
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PTDA Market Outlook Report Data for October 2004

The Power Transmission Distributors Association (PTDA) released the October trend data for distributors and manufacturers of power transmission/motion control (PT/MC) products. In October,U.S. distributors' year-to-date sales of PT/MC products grew 10.8% as compared to sales ...
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