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Breaking News in Wholesale Distribution

Ingersoll-Rand sells drilling solutions business

Ingersoll-Rand Company Limited, Hamilton, Bermuda, sold its Drilling Solutions business unit to Atlas Copco AB, headquartered in Stockholm, Sweden, for approximately $225 million.The transaction includes production facilities in Garland, TX; Roanoke, VA; Yokohama, Japan; and ...
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Strategic Distribution names general manager of Mexico subsidiary

Strategic Distribution, Inc., Bensalem, PA, a provider of MRO supply chain management services, announced the appointment of Cris G. Ferregur, as general manager of Strategic Distribution de Mexico (SDM), the company's Mexican subsidiary. Headquartered in ...
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Prophet 21 acquires Dynamic Data Systems, Inc.

Prophet 21, Yardley, PA has acquired Dynamic Data Systems, Inc., the provider of Turns, an enterprise software solution for medical products distributors and other distributors in other vertical markets."Prophet 21 has a two-pronged growth ...
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June Manufacturing ISM Report On Business

Economic activity in the manufacturing sector grew in June for the 13th consecutive month, while the overall economy grew for the 32nd consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report ...
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Guardair acquires Nortech

Guardair Corporation, Chicopee, MA, acquired the assets of Nortech Corporation of Midland Park, NJ. A manufacturer of pneumatic powered vacuums since 1959, Nortech will operate as a division of Guardair Corporation and will be based ...
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Grainger Reports Q1 Sales Up 8%

W.W. Grainger, Chicago, IL, reported sales were $1.2 billion for the first quarter ended Mar. 31, up 8% over the prior year's first quarter. Net earnings were up 19% to $62.6 million. Earnings per share ...
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Applied Industrial Technologies Q3 Sales Up 6%

Applied Industrial Technologies, Cleveland, OH, reported net sales for its fiscal third quarter ended Mar. 31 were $391.1 million, up 6.2% compared with $368.2 million in the same period a year ago. Net income for ...
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Barnes Group Sees Q1 Sales Up 13%

Barnes Group Inc., Bristol, CT, reported net sales for the quarter ended Mar. 31, 2004 were $247.2 million, up 13% from $218.7 million in the first quarter of 2003. Net income increased 31% to $9.6 ...
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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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