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In The News:

Breaking News in Wholesale Distribution

3M Combines Industrial, Transportation Units

3M Co. announced it will merge its industrial and transportation units, effective Jan. 1, 2006. The new combined unit will be headed by Hak Cheol Shin, currently in charge of the industrial unit. The decision leverages ...
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Wolseley Optimistic of Progress in U.S.

Wolseley plc's John Whybrow told shareholders at this week's annual meeting that he is optimistic of the progress the London-based company - which owns HVAC supplier Ferguson in the U.S. - has made this year. There ...
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Grainger Ups Forecasts for Expansion Markets

W.W. Grainger Inc., Chicago, IL, industrial supplier of products to maintain, repair and operate facilities, expects revenues from its market-expansion program sites to grow from more than $120 million to more than $245 million in ...
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Hughes Supply Profit Up 35% in Third Quarter

Hughes Supply Inc., Orlando, FL, reported an increase of 28% in net sales in the third quarter of fiscal year 2006 ended Oct. 31, 2005. Sales for the third quarter were $1,493.5 million, the highest ...
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Timken Co. to invest $27M in NC bearing plant

The Timken Co., Canton, OH, today announced plans to invest about $27 million in its Asheboro bearing plant in Randleman, N.C., enabling expanded manufacturing of tapered roller bearings, principally for industrial applications. Timken plans to ...
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Koch Industries to acquire Georgia-Pacific in $13.2B deal

Koch Industries Inc., Wichita, KS, announced its subsidiary Koch Forest Products Inc. will buy building-products and paper maker Georgia-Pacific Corp., Atlanta, GA, for $48 a share in a deal worth $13.2 billion. The transaction has ...
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Standards for distribution-centric software focus of effort

The Distribution Solutions Council - a group of software vendors focused on the wholesale-distribution industry - is looking to adopt standards for software that it hopes will cut costs for wholesale-distributors. Steve Epner, founder of Brown ...
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Stock Building Supply buys Canyon Drive Lumber

Stock Building Supply, Raleigh, NC, has acquired Canyon Drive Lumber, Amarillo, TX. Founded in 1959, Canyon recorded annual sales of $32 million in 2004. Its product mix includes lumber, engineered wood and plywood, roofing and ...
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IDG reports increase in 3Q earnings

Industrial Distribution Group revenues for the third quarter ending Sept. 30, were up $.7 million from the same period last year. Third quarter revenues were $135.2 million, compared with $134.5 million in 2004.The company's net ...
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Stock Building Supply to acquire Seigle's

Raleigh, N.C.-based Stock Building Supply, a supplier of building materials, announced it will acquire Seigle's Inc., a provider of building materials and contractor services in Chicago and Northern Illinois. The Chicago housing market has consistently been ...
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