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In The News:

Breaking News in Wholesale Distribution

Sterling Commerce to acquire Yantra Corporation

Sterling Commerce, a multi-enterprise collaboration company and wholly owned subsidiary of SBC Communications Inc., has agreed to purchase Yantra Corporation,Tewksbury, MA, the leading provider of distributed order management and supply chain fulfillment solutions, for approximately ...
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Parker Hannifin acquires Linear Motor Company

Parker Hannifin Corporation,Cleveland, OH, and Trilogy Systems Corporation jointly announced that Parker has acquired the operations of Houston-based Trilogy Systems for an undisclosed amount. Trilogy will join Parker Automation Group's Electromechanical Automation Division, based in ...
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Grainger details growth campaigns and provides 2005 Outlook

Grainger, Chicago, the leading North American industrial supplier of products to maintain, repair, and operate facilities, hosted financial analysts at its branch in Norcross, Ga. Grainger Chairman and CEO Richard L. Keyser presented a strategic ...
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Airgas Acquires Watt Welding in Oregon and DC Welding in Sacramento

Airgas, Inc., Radnor, PA, has acquired the assets and operations of Watt Welding Supply, Inc., an industrial gas and welding supply distributor with three locations south of Portland, OR, and DC Welding, Sacramento, CA. It's ...
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Parker Hannifin Reports November Sales Trends

Parker Hannifin Corporation,Cleveland, OH, reported orders for the month of November in the company's North American Industrial businesses increased 11 percent over the same month last year, while Rest-of-World Industrial orders increased 5 percent. In ...
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2004 Machine Tool Consumption up 42.6%

October U.S. machine tool consumption totaled $234.44 million, according to the Association For Manufacturing Technology and the American Machine Tool Distributors' Association. This total, as reported by companies participating in the USMTC program, was down ...
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Premium Offer Made for Rexel

Deal for $9B electrical distributor may be platform for growth
CD& R brings to the table substantial experience managing large distribution operations, most relevant being its former ownership of WESCO Distribution. The firm also was in talks last year to buy Hagemeyer.CD& R and partners ...
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Parker Hannifin Acquires Advanced Products

Parker Hannifin,Cleveland, OH, has acquired Advanced Products Company, a privately held manufacturer of metallic and polymer spring energized seals, in a cash for stock transaction. Advanced Products will be integrated with Parker's Seal Group, which ...
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Sandvik Buys Technical Tooling from Federal Signal

Sandvik Hard Materials has agreed to acquire Technical Tooling, Inc (TTI), Minneapolis, MN, from Federal Signal Corporation, Oak Brook, IL. TTI is a manufacturer of precision tooling for beverage cans, with annual sales of $7 ...
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Report on Steel Prices and Outlook Released

Steel prices in the U.S. surged in 2004 after being relatively tame in the 1990s, according to a report by MAPI, The Steel Price Situation and Outlook ($25 at http://www.mapi.org/). From September 2003 to September ...
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