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In The News:

Breaking News in Wholesale Distribution

Cambar Software acquired by Supply Chain Holdings

Cambar Software Inc., Charleston, SC, has been acquired by Supply Chain Holdings LLC, a Southeast investment firm, for an undisclosed amount. CSI plans to leverage the new ownership group and funding to accelerate the growth ...
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October Manufacturing ISM Report On Business

Economic activity in the manufacturing sector declined for the second consecutive month. The overall economy grew for the 12th consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business.The report ...
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Grainger increases share repurchase program

The directors of Grainger today restored the company's share repurchase authorization to its original level of 10 million shares.Prior to this action, approximately 1.3 million shares remained available for repurchase on the existing authorization. Repurchases ...
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Precision opens first location in Mississippi

Precision Industries, Omaha, NE, has acquired the Jackson, MS, location of Industrial Supplies Incorporated.This is Precision's first location in Mississippi. Steve Welch, previously with Industrial Supplies Inc., and his entire team will remain with Precision ...
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Lincoln Electric to acquire Hyundai Welding Ltd.

Lincoln Electric Holdings, Inc., Cleveland, OH, has signed a definitive agreement to acquire Hyundai Welding Ltd. for approximately $143 million. Hyundai Welding is the leading welding consumables manufacturer in South Korea and a major supplier ...
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Airgas 2nd Quarter sales down, earnings up

Airgas, Inc., Radnor, PA, reported earnings for its second quarter ended Sept. 30, 2002. Net earnings for the quarter were $19.2 million compared to $14.6 million in the same period a year ago.Net earnings for ...
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Cooper sales down 5%

Cooper Industries, Ltd., Houston, TX, reported third-quarter net income of $63.2 million compared with net income of $74.3 million for the third quarter of 2001. The company adopted Statement of Financial Accounting Standards No. 142 ...
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Danaher announces Q3 results

Danaher Corporation, Washington, DC, announced that net earnings for its third quarter ended Sept. 27, 2002 were $116.0 million, 32% above the corresponding 2001 period earnings of $87.7 million. Diluted earnings per share for the ...
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Kaman reports 2002 third quarter, nine month results

Kaman Corp., Bloomfield, CT, reported financial results for the third quarter and nine months ended Sept. 30, 2002.Net earnings for the quarter were $5.6 million, compared to $8.5 million in the same quarter last year. ...
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Genuine Parts Q3 sales increase

Genuine Parts Company, Atlanta, GA,.reported sales and earnings for the third quarter ended Sept. 30, 2002. Larry Prince, chairman of the board of directors, announced that sales totaling $2.2 billion were up 3% as compared ...
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