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In The News:

Breaking News in Wholesale Distribution

Barnes Group Inc. to acquire Seeger-Orbis

Barnes Group Inc., Bristol, CT, has signed a definitive agreement to acquire substantially all of the manufacturing assets of Seeger-Orbis GmbH& Co. OHG of Germany from TransTechnology Corporation. The acquired business will expand both the ...
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Kennametal Q2 sales down 14%

Kennametal Inc., Latrobe, PA, reported fiscal 2002 second quarter earnings of $0.32 per diluted share, a decrease of 49 percent, compared with earnings of $0.63 ...
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Regal-Beloit proposes registered stock offering

Regal-Beloit Corporation, Beloit, WI, intends to offer 3 million primary shares of common stock in a firm commitment underwritten public offering pursuant to a registration statement to be filed with the Securities and Exchange Commission. ...
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Snap-on Q4 and 2001 results

Snap-on Incorporated, Kenosha, WI, announced its 2001 and fourth-quarter results. Earnings from continuing operations for 2001 were $106.7 million compared with $147.8 million in 2000 before special charges in both years. In 2001, special charges ...
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Kaman Industrial Technologies Q4 report

Kaman Corp., Bloomfield, CT, reported fourth quarter and year end December 31, 2001 financial results for its industrial segment, Kaman Industrial Technologies.Industrial Distribution operating profits were $13.2 million in 2001, compared to $22.9 million in ...
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Grainger annual sales down 4%

W.W. Grainger, Chicago, IL, reported sales for the year ended Dec. 31, 2001 decreased 4 percent to $4.8 billion versus $5.0 billion in 2000. Net earnings for the year were down 9.5 percent to $174.5 ...
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C.H. Hanson acquires Ercon

The C.H. Hanson Company, Franklin Park, IL, has acquired Ercon Inc., Ramsey, NJ, a manufacturer of layout tools under the ASquareᆴ brand name. The transaction was completed on Jan. 16, 2002. The ASquare layout tool ...
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Black & Decker Q4 financials

The Black & Decker Corporation, Towson, MD, announced that net earnings for the fourth quarter of 2001, excluding a $99.8 million pre-tax restructuring charge, were $57.6 million. Including the restructuring charge ($70.6 million after tax), ...
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ITW Q4 report

Illinois Tool Works Inc., Glenview, IL, reported that 2001 fourth quarter diluted earnings per share decreased 6 percent versus the prior year period due to continued weakness in many of the company's North American and ...
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Stanley Works' sales growth constrained by weak U.S. industrial economy

The Stanley Works, New Britain, CT, announced that fourth quarter net income, excluding restructuring and special charges, was $50 million, or $.57 per diluted share, matching First Call's consensus of analyst estimates. In the same ...
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