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In The News:

Breaking News in Wholesale Distribution

Ireland-based Unidare to Sell Final Asset

According to news reports, Unidare has announced plans to sell its last-remaining asset, UK-based Eland Cables, to a management team for $7 million in cash. The deal is subject to approval by shareholders.Eland Cable distributed ...
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Thomas Associates Calls It Quits With ISA

Thomas Associates, Cleveland, OH, a trade association management company, will end its work with the Industrial Supply Association effective May 31, 2006. The company managed the organization and its predecessors for 57 years. Thomas Associates has ...
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Machine Tool Consumption Up 11.3% Through October

October U.S. machine tool consumption totaled $277.53 million, down 5.2% from September but up 25.4% from the total reported in October 2004, according to the American Machine Tool Distributors' Association and the Association for Manufacturing ...
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Beacon Roofing Supply Profit Up 25% in 2005

Beacon Roofing Supply Inc., Peabody, MA, today reported a 25% increase in profit and a sales increase of 30.3% to $850.9 million in the fiscal year ended Sept. 24, 2005. The roofing-materials distributor attributed some ...
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DXP Enterprises Acquires R.A. Mueller

DXP Enterprises Inc., Houston, TX, has purchased R.A. Mueller, a $21 million fluid handling equipment distributor based in Cincinnati, OH, for $7.3 million in cash and promissory notes. DXP will also assume about $1.7 million ...
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Eaton Completes Purchase of PerkinElmer's Aerospace Division

Diversified industrial manufacturer Eaton Corp., Cleveland, OH, has completed its acquisition of PerkinElmer Inc.'s aerospace division, which in 2004 had $220 million in revenues, or 13% of PerkinElmer's total sales. PerkinElmer's aerospace division is a provider ...
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Danaher to Acquire Visual Networks

Danaher Corp., Washington, D.C., said its subsidiary Fluke Electronics Corp. has agreed to buy Visual Networks Inc. for $75 million in cash, or $1.83 per share. Visual Networks, Rockville, MD, provides network test and application ...
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Beacon Roofing Supply Continues on Acquisition Trail

Beacon Roofing Supply Inc., Peabody, MA, has purchased Easton Wholesale Inc., a $9.3 million distributor of mostly residential building products in Easton, MD. The acquisition is the fourth this year for Beacon, which had $700 ...
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Edgen Corp. to Buy Murray International Metals

Global steel pipe and fittings distributor Edgen Corp., Baton Rouge, LA, ($200 million in annual revenues) will buy Murray International Metals Limited, Edinburgh, Scotland, ($173 million in annual revenues) for an undisclosed amount.  Upon completion ...
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O'Neal Steel to buy TW Metals

Metals service center O'Neal Steel Inc., Birmingham, AL, will buy TW Metals Inc., Exton, PN, for an undisclosed amount.O'Neal, which is family-owned, will operate TW Metals as a stand-alone company led by its current management, including President ...
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