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In The News:

Breaking News in Wholesale Distribution

ElkCorp Receives Second Buyout Offer

ElkCorp, Dallas, TX, manufacturer of roofing and building products, has received another offer to purchase all of ElkCorp's outstanding shares for $42 a share by an affiliate of Building Materials Corporation of America.   ; ...
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Rexel Posts 11% Organic Sales Growth in 2006

Rexel reported sales for fiscal 2006 at 9.3 billion euro, or $12.1 billion, up 26% from 2005, and up 11.1% on a comparable basis (same scope of consolidation, exchange rates and business days).   ; ...
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Industrial Production Rises 3% in 2006

Industrial production rose 0.4% in December after a decrease of 0.1% in November. Output in November was previously estimated to have advanced; weaker data for a number of industries, particularly steel, led to the downward ...
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Fastenal Sales Up 18.8% in 2006

The Fastenal Company, Winona, MN, reported sales for the year ended Dec. 31, 2006, were $1.8 billion, an increased of 18.8% over 2005. Profit increased 19.3% to $199,038.   ; Sales for the fourth quarter ...
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Stuart C. Irby Acquires Companies in North Central

Jackson, MS-based Stuart C. Irby Co., a subsidiary of Sonepar USA, has acquired Burmeister Electric Company, Minneapolis, MN, and High Voltage Testing Laboratories, Fargo, ND. Burmeister was established in 1919 to serve utility companies in ...
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13% Fewer Housing Starts in 2006

Housing starts in December were at a seasonally adjusted annual rate of 1,642,000. This is 4.5 percent (±8.8%) ...
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Applied Industrial Sales Up 4% in 2Q

Applied Industrial Technologies, Cleveland, OH, reported sales increased 4% in the second quarter 2007 to $472.36 million. Profit grew 21% to $18.5 million.   ; For the six months ended Dec. 31, 2006, sales increased ...
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SKF Acquires Preventive Maintenance Company

SKF has acquired the Preventive Maintenance Company Inc., Elk Grove Village, IL. PMCI has 70 employees with annual sales of about $10 million. PMCI is in Predictive Maintenance services for industrial customers in the pulp ...
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Apollo Management Takes Stake in Bradco Supply

Apollo Management, which also recently invested in Rexnord, has made an investment in Bradco Supply Corp., a roofing supply distributor based in Avenel, NJ. Bradco has more than 150 branches in the U.S.   ; ...
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Wholesale Prices Rise 1.1% in 2006; 0.9% in December

Wholesale prices rose 1.1% in all of 2006, in contrast to the 5.4% rise in 2005, the Department of Labor reported. The government attributed the slower rate of advance to the index for finished energy ...
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