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In The News:

Breaking News in Wholesale Distribution

Parker Hannifin to Complete Purchase of Domnick Hunter

Diversified industrial manufacturer Parker Hannifin Corp., Mayfield Heights, OH, plans to finish its acquisition of  U.K.-based Domnick Hunter Group plc in December by buying its remaining untendered shares. The total purchase comes to about $450 ...
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Shortage of Qualified Employees Taking Toll on Sector

The serious shortage of qualified employees that a vast majority of U.S. manufacturers are now experiencing is taking an increasingly negative toll on America's ability to compete in the global economy, according to a survey ...
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Wolseley plc Acquires Two More Distributors

Plumbing and heating distributor Wolseley plc announced today it is acquiring two more industrial distributors for a total of $6.8 million in cash: one in the U.S. and the other in France. On Nov. 14, Wolseley ...
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3M Combines Industrial, Transportation Units

3M Co. announced it will merge its industrial and transportation units, effective Jan. 1, 2006. The new combined unit will be headed by Hak Cheol Shin, currently in charge of the industrial unit. The decision leverages ...
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Wolseley Optimistic of Progress in U.S.

Wolseley plc's John Whybrow told shareholders at this week's annual meeting that he is optimistic of the progress the London-based company - which owns HVAC supplier Ferguson in the U.S. - has made this year. There ...
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Grainger Ups Forecasts for Expansion Markets

W.W. Grainger Inc., Chicago, IL, industrial supplier of products to maintain, repair and operate facilities, expects revenues from its market-expansion program sites to grow from more than $120 million to more than $245 million in ...
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Hughes Supply Profit Up 35% in Third Quarter

Hughes Supply Inc., Orlando, FL, reported an increase of 28% in net sales in the third quarter of fiscal year 2006 ended Oct. 31, 2005. Sales for the third quarter were $1,493.5 million, the highest ...
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Timken Co. to invest $27M in NC bearing plant

The Timken Co., Canton, OH, today announced plans to invest about $27 million in its Asheboro bearing plant in Randleman, N.C., enabling expanded manufacturing of tapered roller bearings, principally for industrial applications. Timken plans to ...
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Koch Industries to acquire Georgia-Pacific in $13.2B deal

Koch Industries Inc., Wichita, KS, announced its subsidiary Koch Forest Products Inc. will buy building-products and paper maker Georgia-Pacific Corp., Atlanta, GA, for $48 a share in a deal worth $13.2 billion. The transaction has ...
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Standards for distribution-centric software focus of effort

The Distribution Solutions Council - a group of software vendors focused on the wholesale-distribution industry - is looking to adopt standards for software that it hopes will cut costs for wholesale-distributors. Steve Epner, founder of Brown ...
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