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In The News:

Breaking News in Wholesale Distribution

MSC Industrial Reports Sales Up 10%

MSC Industrial Direct Co., Inc., Melville, NY, reported net sales for the second quarter of fiscal 2004 ended Feb. 28 increased 10.0% to $230.5 million, compared to net sales of $209.6 million in the second ...
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Strategic 2003 Annual Revenues Plummet

Strategic Distribution, Inc., Bensalem, PA, reported revenues for the fourth quarter of 2003 were $26.4 million, compared to revenues of $40.9 million reported for the fourth quarter of 2002. The $14.5 million decrease in revenues ...
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January machine tool consumption jumps 19.4% year to year

January U.S. machine tool consumption totaled $161.19 million, according to the American Machine Tool Distributors' Association and the Association For Manufacturing Technology. This total, as reported by companies participating in the USMTC program, was down ...
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Purchasing Manager's Index continues climb in January

Economic activity in the manufacturing sector grew in January for the eighth consecutive month, while the overall economy grew for the 27th consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report ...
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Hagemeyer reorganizes and refinances; CEO leaves

Hagemeyer NV, Amsterdam, The Netherlands, announced major reorganization plans on Dec. 9: cutting an additional 270 jobs in the U.S., part of an international 1,000-job reduction overall in 2004 to trim costs, a EUR 1.5 ...
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ITW Fluid Products Group to change name

ITW Fluid Products Group, Glenview, IL, the manufacturer of the Accu-Lube, Rustlick and SafeTap lines is changing its name and becoming ITW ROCOLTM NORTH AMERICA effective January 1, 2004. Illinois Tool Works Inc, headquartered in ...
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Applied acquires location in Mexico

Applied Industrial Technologies, Cleveland, OH, has acquired Rodamientos y Bandas de la Laguna, S.A. de C.V. (Rybalsa), Chihuahua, Mexico, from Sergio Nevarez, its principal owner. The Rybalsa acquisition encompasses five facilities in Chihuahua, Ciudad Juarez, ...
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Ohio Transmission Corp. acquires Hydro-Power

Ohio Transmission Corporation (OTC), Columbus, OH, has acquired the assets of Hydro-Power, Terre Haute, IN. Hydro-Power will be operated as a part of Ohio Transmission and Pump (OTP), a division of ...
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SDI Q3 financials

Strategic Distribution, Inc., Bensalem, PA, reported revenues for the third quarter ended Sept. 30 were $30.0 million, compared to revenues of $47.7 million reported for the third quarter of 2002. The $17.7 million decrease in ...
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Cooper appoints president of Tools & Hardware

Cooper Industries, Ltd., Houston, TX, appointed Steven L. Sisney as group president of Tools & Hardware. In this position, Sisney will have responsibility for the company's global tools and hardware businesses, including Cooper's hand tools ...
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