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In The News:

Breaking News in Wholesale Distribution

ITW reports 4% decline in operating revenues

Illinois Tool Works Inc., Glenview, IL, reported an operating revenue decline of 4 percent for the three months ended Feb. 28, 2002. Operating revenues consisted of 6 percent growth from acquisitions, offset by an 8 ...
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USFLOW acquires certain assets of Flow Technologies

USFLOW Corporation, Grand Rapids, MI, acquired certain assets of Flow Technologies, Minneapolis, MN, as part of its strategy to open branches in select markets adjacent to USFLOW's current geography or with strategic value to serve ...
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IDG Q4 and Year-end 2001 results

Industrial Distribution Group, Atlanta, GA, reported fourth quarter 2001 revenues of $123.0 million compared to $132.5 million for the same period in 2000. The company's net income for the fourth quarter of 2001 was $76,000 ...
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February Manufacturing ISM Report On Business

Economic activity in the manufacturing sector indicated growth in February, ending 18 consecutive months of decline. The overall economy grew for the fourth consecutive month, say the nation's supply executives in the latest Manufacturing ISM ...
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MRO Software withdraws offer to acquire Datastream

MRO Software, Inc., Bedford, MA, announced that it has withdrawn its previously announced offer to acquire Datastream Systems Inc., Greenville, SC.MRO Software, a provider of e-Business solutions for asset-intensive companies, is a global company with ...
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The Home Depot record earnings for 2001 exceed $3 billion

The Home Depot, Atlanta, GA, reported record net earnings of $3.0 billion for fiscal 2001, an increase of 18% compared with net earnings of $2.6 billion in fiscal 2000. Sales for fiscal 2001 increased 17% ...
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Timken to integrate Reno & Toronto Logistics Operations with CoLinx

The Timken Company, Canton, OH, intends to sell assets from two of its North American regional service centers to CoLinx. The sale of the Mississauga, Ontario (Canada), operations to CoLinx Canada ULC is effective May ...
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ITW reports 4 % decline in operating revenues

Illinois Tool Works Inc., Glenview, IL, reported an operating revenue decline of 4 percent for the three months ended January 31, 2002. Operating revenues consisted of 5 percent growth from acquisitions, offset by an 8 ...
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Danaher will not pursue Cooper acquisition

Danaher Corporation, Washington, D.C., has decided not to pursue the acquisition of Cooper Industries Inc. Danaher made its acquisition proposal public on August 1, 2001.H. Lawrence Culp, Jr., president and CEO, stated, "We are disappointed ...
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Barnes Group Q4 and full-year 2001 results

Barnes Group Inc., Bristol, CT, announced financial results for the fourth quarter and year ended December 31, 2001. Net sales for the fourth quarter of 2001 were $183.5 million, down two percent from $187.9 million ...
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