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In The News:

Breaking News in Wholesale Distribution

Motion Industries Sees 11% Increase in 2004 Sales

Motion Industries,Birmingham, AL, reported 2004 net sales of $2,511.6 million, up 11.4% from $2,253.9 million in 2003. Operating profit for 2004 was $173.8 million, up 15% from 2003. For the fourth quarter ended Dec. 31, ...
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Parker Hannifin Reports February Orders Up 5%

Parker Hannifin Corporation,Cleveland, OH, reported orders for the North American Industrial businesses increased five percent over the same month last year, while Rest-of-World Industrial orders also increased five percent. In the Climate and Industrial Controls ...
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Danaher Acquisition Brings PMA Controllers to North America

Danaher Industrial Controls Group,Chicago, IL, has acquired PMA (Prozess- und Maschinen-Automation) GmbH of Kassel, Germany from Geveke Industrial Group, headquartered in the Netherlands. For more than 75 years, PMA has manufactured controllers, sensors, transmitters and ...
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AIT Named to Forbes List

Applied Industrial Technologies, Cleveland, OH, has been named one of the Best Big Companies in America on Forbes magazine's 2005 Platinum 400 List. Ranked 132nd overall, this is the second year that Applied has been ...
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Bearings and Drives Wins Georgia Family Business Award

Bearings and Drives,Macon, GA, a B&D Industrial company, has won the Georgia Family Business of the Year award in the large business" category. Winning businesses are chosen on the basis of their proven business success, ...
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MDM News Digest 3503

Applied Industrial Technologies Ltd., the Canadian subsidiary of Applied Industrial Technologies, Cleveland, OH, has completed the acquisition of Groupe GLM, a privately held distributor headquartered in Baie-Comeau, Quebec. Groupe GLM encompasses five companies under the ...
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Parker Hannifin Acquires Bayside Controls

Parker Hannifin Corporation,Cleveland, OH, has acquired Bayside Controls, Inc., Port Washington, NY, a manufacturer of integrated solutions for industrial and precision automation applications. Terms of the deal were not disclosed. Bayside will be integrated with ...
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Chicago Pneumatic Acquires Tightening Specialist

Atlas Copco-owned Chicago Pneumatic Tool Company has agreed to acquire the assets of GSE tech-motive tool from SPX Corporation. GSE tech-motive tool has annual sales of approximately $24 million and 82 employees and contract workers. ...
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The Timken Company Reports 2004 Earnings

The Timken Company,Canton, OH, reported 2004 sales of $4.5 billion, a 19 percent increase from the prior year. Timken achieved 2004 net income of $135.7 million, up from $36.5 million or $0.44 per diluted share ...
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Gardner Denver Acquires XCEED Compressed Air Solutions

Gardner Denver,Quincy, IL, has acquired XCEED Compressed Air Control Solutions, formerly of Honeywell Automation & Control Solutions. The acquisition strengthens Gardner Denver's portfolio of products and services designed to provide customers with ''Smarter Solutions'' focused ...
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