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Breaking News in Wholesale Distribution

Parker Hannifin May Orders Rebound Slightly

Parker Hannifin Corporation, Cleveland, OH, reported orders for May in the company's North American industrial businesses increased 2 percent over the same month last year. Rest-of-World industrial orders were flat over the same month last ...
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Valley National Gases Acquires Michigan Distributor

Valley National Gases Incorporated, Washington, PA, has acquired Plymouth Wayne Welding Supplies, Inc., an industrial gases and welding supply distributor with four locations in Southeastern Michigan. Plymouth Wayne has approximately $12 million in annual sales.  Valley National ...
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Manufacturers Alliance: Industrial Growth Likely To Continue

The manufacturing expansion should continue in the next six months and sustain its growth through 2006, according to the Manufacturers Alliance/MAPI Quarterly Industrial Outlook, a report that analyzes 27 major industries.  In a sign of ...
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Kaman Corporation Floats Recapitalization Plan

Kaman Corporation, Bloomfield, CT, has entered into an agreement with certain members of the Kaman family that contemplates a proposed recapitalization which would simplify the corporation's capital structure and enhance its corporate governance by eliminating ...
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Wholesale Sales Climb 1.5% in April

The U.S. Census Bureau announced that April 2005 sales of merchant wholesalers, except manufacturers' sales branches and offices, after adjustment for seasonal variations and trading-day differences but not for price changes, were $296.0 billion, up ...
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Mechanical Drives & Belting Joins IDC-USA

Mechanical Drives & Belting, Los Angeles, CA, has joined Independent Distributors Cooperative - USA, the national marketing cooperative of independent distributors of industrial bearing, power transmission and industry-related products. Mechanical Drives & Belting (formerly L.A. ...
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First Quarter GDP Grows 3.5%

Real gross domestic product -- the output of goods and services produced by labor and propertylocated in the United States -- increased at an annual rate of 3.5 percent in the first quarter of 2005,according ...
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Parker Hannifin Acquires Netherlands Hydraulics Distributor

Parker Hannifin Corporation, Cleveland, OH, has acquired the hydraulic distribution and service assets of mobile hydraulics distributor Kuiken Hytrans BV, a subsidiary of Kuiken NV, located in Lemmer, The Netherlands. With 15 employees and annual ...
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GSA Grants Multiple Award Schedule to AIT

Applied Industrial Technologies,Cleveland, OH, has received a 5-year contract under Schedule 51V, Hardware Store Program with the General Services Administration (GSA) Center for Facilities Maintenance and Hardware.  The contract has provisions to allow for three ...
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Ingersoll-Rand to Enter JV with Faultless Lock Maker

Ingersoll-Rand Company Limited plans to establish a joint venture with Taiwan Fu Hsing Industrial Co. Ltd., a manufacturer of mechanical door locks based inKaohsiung, Taiwan. Under the terms of the agreement, Ingersoll-Rand will acquire a ...
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