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Breaking News in Wholesale Distribution

February Manufacturing ISM Report On Business

Economic activity in the manufacturing sector indicated growth in February, ending 18 consecutive months of decline. The overall economy grew for the fourth consecutive month, say the nation's supply executives in the latest Manufacturing ISM ...
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MRO Software withdraws offer to acquire Datastream

MRO Software, Inc., Bedford, MA, announced that it has withdrawn its previously announced offer to acquire Datastream Systems Inc., Greenville, SC.MRO Software, a provider of e-Business solutions for asset-intensive companies, is a global company with ...
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The Home Depot record earnings for 2001 exceed $3 billion

The Home Depot, Atlanta, GA, reported record net earnings of $3.0 billion for fiscal 2001, an increase of 18% compared with net earnings of $2.6 billion in fiscal 2000. Sales for fiscal 2001 increased 17% ...
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Timken to integrate Reno & Toronto Logistics Operations with CoLinx

The Timken Company, Canton, OH, intends to sell assets from two of its North American regional service centers to CoLinx. The sale of the Mississauga, Ontario (Canada), operations to CoLinx Canada ULC is effective May ...
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ITW reports 4 % decline in operating revenues

Illinois Tool Works Inc., Glenview, IL, reported an operating revenue decline of 4 percent for the three months ended January 31, 2002. Operating revenues consisted of 5 percent growth from acquisitions, offset by an 8 ...
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Danaher will not pursue Cooper acquisition

Danaher Corporation, Washington, D.C., has decided not to pursue the acquisition of Cooper Industries Inc. Danaher made its acquisition proposal public on August 1, 2001.H. Lawrence Culp, Jr., president and CEO, stated, "We are disappointed ...
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Barnes Group Q4 and full-year 2001 results

Barnes Group Inc., Bristol, CT, announced financial results for the fourth quarter and year ended December 31, 2001. Net sales for the fourth quarter of 2001 were $183.5 million, down two percent from $187.9 million ...
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Parker completes ITR acquisition

Parker Hannifin Corporation, Cleveland, OH, completed its acquisition of ITR SpA, a subsidiary of the SAIAG Group, for Euro 77 million in cash (US $68 million). ITR is a leading Italian manufacturer of hose, fittings ...
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Prophet 21 reports Q2 results

Prophet 21, Inc., Yardley, PA, reported a 40 percent increase in net income in its second quarter of fiscal 2002 over the same period in the prior year. Revenues for the second quarter of fiscal ...
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Barnes Group Inc. to acquire Seeger-Orbis

Barnes Group Inc., Bristol, CT, has signed a definitive agreement to acquire substantially all of the manufacturing assets of Seeger-Orbis GmbH& Co. OHG of Germany from TransTechnology Corporation. The acquired business will expand both the ...
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