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Breaking News in Wholesale Distribution

Software Solutions changes name to Aperum

Software Solutions, Inc., Duluth, GA, a provider of software and services for the distribution market, has changed its corporate name to Aperum.ル The name change reflects the company's renewed strategic direction to improve brand identity ...
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SKF acquires Twentieth Century Machine Co.

SKF has acquired Twentieth Century Machine Co., TCM, a US manufacturer of ground ball screws. The acquisition was effective December 31, 2002.TCM has 70 employees and sales in 2002 were 65 MSEK. TCM, is located ...
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S.B. Simpson acquires Mark Industrial Ltd.

S.B. Simpson Group Inc., Burlington, ON, has acquired another Burlington based distributor, Mark Industrial Ltd. The transaction was completed on Dec. 9, 2002.Mark Industrial is a bandsaw blade & abrasive chop saw wheel specialist. All ...
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NAW endorses President's economic initiative

The National Association of Wholesaler-Distributors, Washington, DC, enthusiastically endorsed the economic growth and jobs creation initiative announced by the President before the Economic Club of Chicago, and urged Congress to take quick action on the ...
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Timken to receive U.S. trade law payment

The Timken Company, Canton, OH, has been notified by the U.S. Treasury Department it will be receiving payment under the U.S. Continued Dumping and Subsidy Offset Act (CDSOA). The amount Timken is to receive is ...
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ITW quarterly financials

Illinois Tool Works Inc. Glenview, IL, reported an operating revenue increase of four percent for the three months ended Nov. 30, 2002. Operating revenues for the three month period consisted of two percent growth from ...
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October machine tool consumption level with September

October U.S. machine tool consumption totaled $186.93 million, according to AMTDA, the American Machine Tool Distributors'Association and AMT - The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTC program, ...
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Summit Electric Supply to acquire Warren Electric Group

Summit Electric Supply, Albuquerque, NM, has reached a definitive agreement to acquire the domestic operating assets of Warren Electric Group. This acquisition will nearly double the number of Summit locations and bring the company into ...
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November Manufacturing ISM Report On Business

Economic activity in the manufacturing sector declined for the third consecutive month. The overall economy grew for the 13th consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business.The report ...
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Airgas acquires Welding Metals, Inc.

Airgas, Inc., Radnor, PA, has acquired Welding Metals, Inc., a Detroit-based independent distributor of gases and welding supplies with annual sales of about $10 million. The acquisition includes four locations, which will significantly improve the ...
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