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Breaking News in Wholesale Distribution

Kaman Reports First Quarter Results

Kaman Industrial Technologies, />Windsor, w:st="on">CT, reported net sales were $156.0 million in the 2005 first quarter, up 7% from $145.6 million a year ago. First quarter operating profits for the Industrial Distribution segment were $8.5 ...
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Airgas Reports Fourth Quarter Earnings

Airgas, Inc.,Radnor, PA, the largest U.S. distributor of industrial, medical and specialty gases, welding, safety and related products, reported fiscal 2005 net sales increased 27% to $2.4 billion. Net earnings for the year ended Mar. ...
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Hughes Supply Acquires Atlanta Distributor

Hughes Supply, Inc., Orlando, FL, has completed the acquisition of National Construction Products, Inc., a distributor of construction materials serving the Atlanta, Georgia area. National Construction Products was owned by Larry Darnell, who will continue ...
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Parker Aerospace Enters Service Joint Venture

SIA Engineering Company, a subsidiary of Singapore Airlines (SIA), has signed a joint venture agreement to form an aerospace hydraulic equipment service center with Parker Hannifin Corporation's Parker Aerospace Group. The new venture, named Aerospace ...
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Airgas Acquires Two Distributors

Airgas, Inc., Radnor, PA, has completed acquiring the assets and operations of Vancouver Welding Supply, Inc., Vancouver, WA, and Cumberland Welding & Supply Co., Inc., Cumberland, MD. In all, the two businesses had more than ...
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IDG Reports Strong First Quarter

Industrial Distribution Group, Inc., Atlanta, GA, reported revenues for the first quarter ended Mar. 31, 2005 were $137.9 million, up $11.8 million or 9.4% compared to the $126.1 million corrected amount for the comparable period of 2004. Additionally, daily ...
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Regal-Beloit Reports First Quarter Results

Regal-Beloit Corporation,Beloit, WI, reported first quarter net sales of the company increased 107.1% to $337.8 million from $163.1 million in the first quarter of 2004. Excluding the impact of the Commercial AC Motors and HVAC ...
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Avnet to Acquire Semiconductor Distributor Memec

Avnet, Inc.,Phoenix, AZ, and Memec Group Holdings Limited have reached a definitive agreement for Avnet to acquire Memec in a stock and cash transaction valued at approximately $676 million, including the assumption of approximately $194 ...
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Applied Reports Third Quarter Results

Applied Industrial Technologies,Cleveland, OH, reported net sales for the quarter ended Mar. 31, 2005 were $446.5 million, up 14.2% compared with $391.1 million in the same period a year ago. Net income for the quarter ...
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Parker Hannifin Reports Third Quarter Results

Parker Hannifin Corporation,Cleveland, OH, reported fiscal third-quarter income from continuing operations of $142.2 million on sales of $2.14 billion for the period ended Mar. 31, 2005, compared to income from continuing operations of $105.7 million ...
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