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In The News:

Breaking News in Wholesale Distribution

Mechanical Drives & Belting Joins IDC-USA

Mechanical Drives & Belting, Los Angeles, CA, has joined Independent Distributors Cooperative - USA, the national marketing cooperative of independent distributors of industrial bearing, power transmission and industry-related products. Mechanical Drives & Belting (formerly L.A. ...
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First Quarter GDP Grows 3.5%

Real gross domestic product -- the output of goods and services produced by labor and propertylocated in the United States -- increased at an annual rate of 3.5 percent in the first quarter of 2005,according ...
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Parker Hannifin Acquires Netherlands Hydraulics Distributor

Parker Hannifin Corporation, Cleveland, OH, has acquired the hydraulic distribution and service assets of mobile hydraulics distributor Kuiken Hytrans BV, a subsidiary of Kuiken NV, located in Lemmer, The Netherlands. With 15 employees and annual ...
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GSA Grants Multiple Award Schedule to AIT

Applied Industrial Technologies,Cleveland, OH, has received a 5-year contract under Schedule 51V, Hardware Store Program with the General Services Administration (GSA) Center for Facilities Maintenance and Hardware.  The contract has provisions to allow for three ...
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Ingersoll-Rand to Enter JV with Faultless Lock Maker

Ingersoll-Rand Company Limited plans to establish a joint venture with Taiwan Fu Hsing Industrial Co. Ltd., a manufacturer of mechanical door locks based inKaohsiung, Taiwan. Under the terms of the agreement, Ingersoll-Rand will acquire a ...
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Collins & Aikman Files for Chapter 11 Reorganization

Automotive supplier Collins & Aikman Corporation,Troy, MI, said that it and substantially all of its domestic subsidiaries have filed voluntary petitions to reorganize under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court ...
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Strategic Reports Lower Q1 Revenues

Strategic Distribution, Inc., Bristol, PA, a provider of maintenance, repair and operating supply chain management services, reported revenues for the first quarter ended Mar. 31, 2005 decreased $3.0 million or 9.4% to $29.0 million from ...
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Activant Solutions Acquires The Systems House

Activant Solutions Inc.,Austin, TX, a provider of vertical ERP solutions, has acquired substantially all of the assets of The Systems House Inc., a technology solutions provider for distributors primarily in the automotive aftermarket and office ...
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3M to Acquire Filtration Manufacturer

3M, St. Paul, MN, has agreed to acquire liquid filtration products manufacturer CUNO in a transaction valued at $1.35 billion including the assumption of $60 million of existing net debt. 3M's current air filtration business ...
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Drives Inc. Joins CoLinx

CoLinx, LLC announced that Drives Incorporated, aU.S. chain manufacturer, has joined the Membership of CoLinx for e-business and logistics services.  Drives will initially utilize CoLinx logistics services in Sparks, Nevada and Crossville, Tennessee.  A Drives ...
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