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Breaking News in Wholesale Distribution

Danaher to acquire Raytec

Danaher Corporation , Washington, DC, entered into a definitive agreement to purchase Raytek Corporation for approximately $75 million. The closing of the transaction is subject to certain customary conditions and is expected shortly. Danaher expects ...
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Emerson acquires Von Arx of Switzerland

Emerson's Ridge Tool division, St. Louis, MO, acquired Von Arx AG of Switzerland, a leading manufacturer of tools for solderless press-type connections in plumbing and heating systems. 'Because solderless press-type copper connections reduce costs by ...
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Hughes Supply Q2 sales down

Hughes Supply, Inc., Orlando, FL, announced results for its second quarter ended Aug. 2, 2002. Net sales for the quarter were $774.7 million compared to $806.3 million in last year's second quarter. Net income was ...
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Dynabrade acquires Nu-Matic Grinders, Inc.

Dynabrade, Inc., Clarence, NY, an industrial abrasive power tool manufacturer, has completed the acquisition of the assets and business of Nu-Matic Grinders, Inc., Cleveland, OH, a manufacturer of air-inflated back-up wheels and machine leveling jacks ...
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Black & Decker and Hitachi Koki enter cooperative arrangement

The Black & Decker Corporation, Towson, MD, has entered into a cooperative business arrangement with Hitachi Koki Co., Ltd. in the power tool field. The announcement was made jointly by Yasutsugu Takeda, president and director ...
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ITW Q2 financials

Illinois Tool Works Inc., Glenview, IL, reported an operating revenue increase of 2 percent for the three months ended Jul. 31, 2002. Operating revenues for the three month period consisted of 2 percent growth from ...
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Messer Griesheim sells Canadian business to Air Liquide Canada

Messer Griesheim Industries, Malvern, PA, has sold its Canadian business to Air Liquide Canada Inc., a subsidiary of the Air Liquide Group, leader in industrial, medical, specialty gases, and a supplier of welding products. Messer ...
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Datastream Systems, Inc. reports second quarter 2002 results

Datastream Systems, Inc. Greenville, SC, reported total revenues for the second quarter of 2002 were $22.8 million, representing a slight decrease from second quarter 2001 total revenues of $23.0 million. Sequentially, second quarter 2002 total ...
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Kaman Q2, six month results

Kaman Corp, Bloomfield, CT reported financial results for the second quarter and six months ended June 30, 2002. In the quarter, the company recorded pre-tax charges totaling $86.0 million (of which $52.7 million are non-cash) ...
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Airgas first quarter earnings

Airgas, Inc., Radnor, PA, reported earnings for its first quarter ended June 30, 2002. Net earnings for the quarter, excluding certain charges, were $16.2 million compared to $13.5 million in the same period a year ...
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