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In The News:

Breaking News in Wholesale Distribution

Pentair to sell tools group to Black & Decker

Pentair, Inc., Golden Valley, MN, has signed a definitive agreement to sell its Tools Group to The Black & Decker Corporation, Towson, MD, for approximately $775 million. The transaction is expected to close in 2004, ...
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Grainger Q2 sales up 7%

Grainger, Chicago, IL, reported a 20% increase in earnings per share for the second quarter ended June 30, 2004. Earnings per share were 72 cents versus 60 cents in the 2003 second quarter, setting an ...
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Speedware Corporation to acquire Prelude Systems, Inc.

Speedware Corporation Inc., Montreal, Quebec, a enterprise software solutions and productivity tools provider, has entered into a Definitive Purchase Agreement with Dallas, TX, based Prelude Systems, Inc., a provider of enterprise software solutions to the ...
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PT/MC year-to-date sales up 7.9%

The Power Transmission Distributors Association (PTDA) released the May trend data for distributors and manufacturers of power transmission/motion control (PT/MC) products.In May, U.S. distributors' year-to-date sales of PT/MC products increased 7.9% as compared to sales ...
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Machine tool consumption up in May

May U.S. machine tool consumption totaled $224.30 million, according to AMTDA, the American Machine Tool Distributors' Association, and AMT - The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTC ...
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The Timken Company acquires Technical Services Group

The Timken Company, Canotn, OH, has acquired the assets of SES Technical Group, a division of SES, LLC., as part of its ongoing strategy to offer improved value for customers through a broader and enhanced ...
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Fastenal Q2 financials

The Fastenal Co. of Winona, MN, reported the results of the six months and the quarter ended Jun. 30, 2004. Dollar amounts are in thousands. Net sales for the six-month period ended Jun. 30, 2004 ...
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Lincoln Electric to acquire 3 welding businesses

Lincoln Electric Holdings, Inc., Cleveland, OH, has closed the previously announced transactions to acquire controlling interests in three welding businesses in China. With completion of the transactions, Lincoln owns the majority of a welding equipment ...
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MSC Industrial Direct Q3 results

MSC Industrial Direct Co., Inc., Melville, NY, reported net sales for the third quarter ended May 29, 2004 of fiscal 2004 increased 18.4% to $255.3 million, compared to net sales of $215.6 million in the ...
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PTDA Market Outlook Report for May 2004

The Power Transmission Distributors Association (PTDA) released the May trend data for distributors and manufacturers of power transmission/motion control (PT/MC) products.In May, U.S. distributors' year-to-date sales of PT/MC products increased 7.9% as compared to sales ...
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