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In The News:

Breaking News in Wholesale Distribution

Kennametal delivers on third quarter expectations

Kennametal Inc., Latrobe, Pa., reported May 1st fiscal 2002 third quarter earnings of $0.53 per diluted share, a decrease of 42 percent, compared with earnings of $0.91 ...
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Kennametal to acquire Widia

Kennametal Inc., Latrobe, Pa., announced May 6th that it has signed a definitive agreement to purchase the Widia Group in Europe and India from Milacron Inc. for euro 188 million (approximately $170 million). The acquisition, ...
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Airgas enters into settlement agreement with Praxair

Airgas, Inc., Radnor, Pa., has entered into an agreement with Praxair, Inc. to settle the litigation brought by Praxair against Airgas in July 1996, which alleged tortious interference with Praxair's right of first refusal regarding ...
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Lawson Products announces quarterly results

Lawson Products, Inc., Des Plaines, Ill., reported April 18th record first quarter 2002 net sales of $95,746,000, an increase of 14.5 percent from $83,650,000 recorded in the first quarter of 2001. The increase in net ...
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DXP Enterprises Q4, year end results

DXP Enterprises, Inc., Houston, TX, announced net income of $.2 million for the fourth quarter ending Dec. 31, 2001 compared to a net loss $8.4 million for the fourth quarter of 2000. Sales decreased to ...
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Tyrolit to cut production in Westboro

Tyrolit North America Inc., Westboro, MA, plans to cease production May 31 of its vitrified and bonded abrasives at its Westboro plant, formerly the Bay State Abrasives plant, according to an article in the Worcester ...
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Flowserve to acquire Invensys' Flow Control Division

Flowserve Corp., Dallas, TX, has a definitive agreement to acquire the Flow Control Division (IFC) of Invensys plc for $535 million in cash. IFC manufactures valves, actuators and associated flow control products, including steam systems, ...
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Barnes Group acquires Spectrum Plastics

Barnes Group Inc., Bristol, CT, signed a definitive agreement to acquire Spectrum Plastics Molding Resources, Inc., Ansonia, CT, a fully integrated, precision injection molder of plastic products. Spectrum Plastics Molding Resources, Inc. (Spectrum Plastics) is ...
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K.J. Electric acquires Grand Eagle Motor Repair

K.J. Electric, Syracuse, NY, acquired Grand Eagle Motor Repair, Utica, NY, effective Mar. 19. The acquisition between K.J. Electric, a $25 million company, and Grand Eagle, a $2 million motor repair facility, will double the ...
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Lawson Products announces plan for expansion

Lawson Products, Inc., Des Plaines, IL, is expanding at five of its domestic locations and a sixth in Canada. The largest of the expansions will provide additional space adjacent to Lawson's Des Plaines international headquarters. ...
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