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Breaking News in Wholesale Distribution

The Timken Company Reports 2004 Earnings

The Timken Company,Canton, OH, reported 2004 sales of $4.5 billion, a 19 percent increase from the prior year. Timken achieved 2004 net income of $135.7 million, up from $36.5 million or $0.44 per diluted share ...
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Gardner Denver Acquires XCEED Compressed Air Solutions

Gardner Denver,Quincy, IL, has acquired XCEED Compressed Air Control Solutions, formerly of Honeywell Automation & Control Solutions. The acquisition strengthens Gardner Denver's portfolio of products and services designed to provide customers with ''Smarter Solutions'' focused ...
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Infor Global Solutions to Acquire MAPICS

Infor Global Solutions has agreed to pay $347 million to acquire MAPICS, a manufacturing software company with about 4,500 customers. Infor focuses exclusively on delivering enterprise resource planning and supply chain solutions that are designed ...
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MAPI Business Outlook Index Indicates Continued Growth

Early prospects for the manufacturing sector to continue its expansion in 2005 are very promising, according to the quarterly Manufacturers Alliance/MAPI Survey on the Business Outlook (ER-580e). The December 2004 composite index of 70, while ...
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Kennametal to Acquire Extrude Hone Corp.

Kennametal Inc.,Latrobe, PA, has signed a definitive agreement to purchase Extrude Hone Corporation, Irwin, PA, for approximately $137 million, net of acquired cash and estimated direct acquisition costs. Founded in 1951, Extrude Hone Corp. supplies ...
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Airgas Reports Third Quarter Earnings, Plans Price Increase

Airgas, Inc., Radnor, PA, the largest U.S. distributor of industrial, medical and specialty gases, welding, safety and related products, reported third quarter sales increased 35% to $612 million, reflecting continued same-store sales growth, the consolidation ...
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Grainger Tops $5 Billion in 2004 Revenues

W.W. Grainger,Chicago, IL, reported sales for the year ended Dec. 31, 2004 of $5.05 billion were up 8 percent versus 2003. Net earnings for the year were $287 million, up 26 percent as compared to ...
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Activant to acquire Prelude Systems parent Speedware

In a move to increase its strength in one of its core vertical markets, Activant Solutions Inc.,Austin, TX, has agreed to acquire Speedware Corporation Inc. Montreal, Quebec, including its operating divisions Enterprise Computer Systems (ECS) ...
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IBC to Offer Safety Products Through Alliance

IBC plans to migrate into the safety supply channel through an alliance with Safety Marketing Group (SMG). IBC's new division, SafetySupplyPlusル, will allow them to increase the amount of product lines currently being offered to ...
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Precision Industries Makes Management Moves

Precision Industries,Omaha, NE, the nation's largest privately held industrial distributor of its kind, has promoted Chris Circo to president & chief operating officer and Chuck Strader to executive vice president & chief financial and administrative ...
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