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In The News:

Breaking News in Wholesale Distribution

Kaman Industrial Reports Strong Second Quarter

Kaman Industrial Technologies, Windsor, CT, reported revenues for its second quarter ended July 1, 2005 were $157.5 million, up 8.4% from $145.3 million for the same period last year. For the first six months of ...
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Parker Hannifin Announces Acquisitions, Strong July Sales

Parker Hannifin Corporation, Cleveland, OH, and the domnick hunter group plc. announced that Parker has agreed to a cash offer for all outstanding shares of domnick hunter. The offer is subject to certain regulatory approvals ...
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Motion Industries Sales Up 12% in Second Quarter

Motion Industries, Birmingham, AL, the industrial distribution business of Genuine Parts Company, Atlanta, GA, reported net sales for the second quarter ended Jun. 30, 2005, were $702.6 million, up 12% from $629.4 million in the ...
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Timken Launches Maintenance Tool Line into U.S. and Canada

 The Timken Company, Canton, OH, hasexpanded its line of maintenance tools from Europe into the U.S. and Canada. The tool line includes induction heaters, hydraulic pullers and impact fitting tools for use in demanding industrial ...
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WESCO reports second quarter up 14 percent

WESCO International, Inc, Pittsburgh, PA, a provider of electrical MRO products, construction materials, and integrated supply procurement outsourcing services, reported net sales for the second quarter of 2005 were $1,062.1 million compared to $931.0 million ...
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Stanley Works Makes Offer for Facom Tools

The Stanley Works, New Britain, CT, has made a firm offer to purchase Facom Tools from Fimalac for euro 410 million ($494 million) in cash. The deal would almost double the size of Stanley's European ...
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Wendy McDonald Receives Honorary Doctor of Technology

Mrs. Wendy McDonald, Chair and CEO, BC Bearing Engineering Ltd., Burnaby, BC, was recognized with an Honorary Doctorate of Technology at B.C. Institute of Technology convocation ceremonies. The degree is awarded to individuals who are widely ...
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Applied Names Boyle Power Transmission Director

Bob Boyle has been named director - power transmission products for Applied Industrial Technologies, according to Tom Armold, vice president - product management & marketing. In his new position, Bob manages the profitability, promotions and overall ...
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Timken Sells Linear Motion Systems Division to Overseas Industries

The Timken Company, Canton, OH, has completed the sale of its Linear Motion Systems (LMS) division - Timken S.p.A in Milan (Italy) and Timken Deutschland GmbH in Stuttgart (Germany) -- to Overseas Industries S.p.A., an ...
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Investor Makes Bid for Kaman Family Stock

 Kaman Corporation, Bloomfield, CT, reported that it received a letter on Jun. 28 from Kaman family representatives indicating that the family intends to terminate the recapitalization agreement to complete what they represent is a "qualifying ...
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