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In The News:

Breaking News in Wholesale Distribution

Motion Industries Announces Management Changes

Motion Industries, Birmingham, AL, North America's largest distributor of industrial maintenance, repair, and operation replacement parts, is pleased to announce that Tom Miller and Bob Summerlin will each be promoted to the position of Executive ...
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Parker Hannifin Acquires Texloc & Page

Parker Hannifin, Cleveland, OH, has purchased Texloc & Page International, Fort Worth, TX for an undisclosed cash sum. Texloc produces industrial convoluted and corrugated tubing, high purity polytetraflouroethylene (PTFE) tubing for general industrial purposes and ...
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Norcross Safety Products to Acquire Fibre-Metal Products

Norcross Safety Products LLC, Oakbrook, IL,, a manufacturer and distributor of protective equipment to the general industrial, utility/high voltage and fire service markets, has signed a definitive agreement to acquire all of the outstanding capital ...
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Fidelity Capital Investors acquires Avtek

Fidelity Capital Investors, Boston, MA, a private equity leveraged buyout group, has acquired a majority interest in Providence, Rhode Island-based Avtek, Inc., a manufacturer and distributor of industrial and commercial connectivity products and solutions. The ...
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Precision Industries Founder Dies

Sebastion A. Circo, founder of Precision Industries, died on September 27th, 2005. He founded Precision Industries in 1945 in Omaha, NE as Precision Bearing Service. Precision Bearing became Precision Industries in 1990. Today, Precision Industries ...
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Industrial Distribution Group Sells Cardinal Machinery

Industrial Distribution Group, Inc., Atlanta, GA, announced the sale of its Cardinal Machinery business unit to the existing local management team of that entity. Under terms of the agreement, the management team of Cardinal Machinery ...
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Parker Acquires Filtran Aftermarket Products

Parker Hannifin, Cleveland, OH, has acquired Filtran Aftermarket Products, Inc., Miami Lakes, FL, a supplier of aftermarket components used in the rebuilding of automotive transmissions, from SPX Corporationfor an undisclosed sum. FAP had revenues of ...
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Streicher Mobile Fueling to Acquire Texas Lubricant Distributor

Streicher Mobile Fueling, Inc., Ft. Lauderdale, FL, (NASDAQ: FUEL) a provider of integrated out-sourced energy and transportation logistics to the trucking, construction, energy, chemical and government service industries, has agreed to acquire H&W Petroleum Co., ...
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Machine tool consumption Up 15% Over Last Year

July U.S. machine tool consumption totaled $250.11 million, down 4.1% from June but up 22.4% from the total of $204.37 million reported for July 2004, according to the American Machine Tool Distributors' Association and the ...
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Eaton Acquires Hayward's Industrial Filtration Unit

Eaton Corporation, Cleveland, OH, has completed its purchase of the industrial filtration business of Hayward Industries, Inc., Elizabeth, NJ. Eaton announced plans to purchase the business on July 8. Hayward's industrial filtration business had sales ...
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