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In The News:

Breaking News in Wholesale Distribution

MSC Industrial Direct Co., Inc. Q3 report

MSC Industrial Direct Co., Inc., Melville, NY, reported net sales for the third quarter of fiscal 2002 were $208.6 million compared to $216.3 million during the same quarter last year. Net income was $11.2 million, ...
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Fastenal Company reports Q2 earnings

The Fastenal Company, Winona, MN reported the results of the six months and the second quarter ended June 30, 2002. (Note ヨ All information reflects the 2-for-1 stock split which occurred in May 2002.)Net sales ...
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May Machine Tool Consumption continues month-to-month growth

May U.S. machine tool consumption totaled $185.67 million, according to AMT - The Association For Manufacturing Technology and AMTDA, the American Machine Tool Distributors' Association. This total, as reported by companies participating in the USMTC ...
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NxTrend Technology Inc. acquires CorpDNA

NxTrend Technology, Inc., has acquired CorpDNA, a provider of Customer Relationship Management (CRM) solutions. The acquisition provides NxTrend another avenue for continued profit and revenue growth while enhancing the set of solutions the 23-year old ...
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The Timken Company sells Ashland Tooling plant

The Timken Company, Canton, OH, announced the sale of its Ashland Tooling Plant to Ashland Precision Tooling, LLC. Located in Ashland, OH, the facility employs approximately 85 people.As part of its manufacturing restructuring initiative, Timken ...
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June Manufacturing ISM Report On Business

Economic activity in the manufacturing sector grew for the fifth consecutive month in June. The overall economy grew for the eighth consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On ...
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Hagemeyer experiences tough first half

After a weak first quarter as anticipated, market conditions for the Group's core PPS and other activities have remained weak throughout the second quarter. However sales and operating profit development in the second quarter has ...
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Parker Hannifin to record $60 million in realignment costs

Parker Hannifin Corporation expects to record approximately $60 million ($50 million after-tax, or 42 cents per share) in the fourth quarter in business realignment costs and asset impairments. Of these charges, the non- cash portion ...
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Kennametal Inc. advances financing of Widia Group acquisition

Kennametal Inc. has advanced financing of its Widia Group acquisition by offering 3.2 million common shares at an initial price of $36 per share. Subsequently, and as part of a plan to reduce bank obligations, ...
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Nylok acquires Multech Inc.

Nylok Corp., major player in the self-locking, self-sealing fastener sector, has acquired Multech, Inc., a licensed applicator of ''3M'' Thread Sealant and ''Scotch-Grip'' Fastener Adhesive. Multech reach into the automotive industry and in the manufacture ...
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