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In The News:

Breaking News in Wholesale Distribution

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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Timken adds greases to industrial line

The Timken Company,Canton, OH, has expanded its line of industrial lubricants to include ultra-high speed spindle grease, food-safe grease, synthetic industrial grease and multi-use lithium grease.In addition to protecting bearings from heat, wear and corrosion, ...
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Regal-Beloit to purchase GE's HVAC motors business

Regal-Beloit Corporation,Beloit, WI, has agreed to acquire the Heating, Ventilation and Air Conditioning (HVAC)/Refrigeration Motors and Capacitors operations of GE Consumer and Industrial from General Electric Company for $379 million. GE's HVAC/Refrigeration Motors and Capacitors ...
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