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Breaking News in Wholesale Distribution

AIT buys Industrial Equipment Co. Ltd.

Applied Industrial Technologies Ltd., Saskatchewan, Canada, a wholly owned subsidiary of Applied Industrial Technologies, Cleveland, OH, completed the acquisition of the distribution business of Industrial Equipment Co. Ltd., a privately held distributor based in Vancouver, ...
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Fastenal sells DIY business

Fastenal Company, Winona, MN, closed on a transaction with The Hillman Group, Inc. to sell certain assets and assign certain liabilities of Fastenal's retail fastener and related hardware business currently marketed under the name or ...
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Pentair acquires Oldham Saw Company

Pentair, St. Paul, MN, has acquired privately held Oldham Saw Co., Inc., West Jefferson, NC. Pentair anticipates that the acquisition will be accretive to earnings in the first full year of ownership."Oldham Saw fits exceptionally ...
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PTDA Market Outlook for August

The Power Transmission Distributors Association (PTDA) released the August trend data for distributors and manufacturers of power transmission/motion control (PT/MC) products.In August, U.S. distributors' year-to-date sales of PT/MC products declined 3.2 percent as compared to ...
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Institute for Supply Management report for September

Economic activity in the manufacturing sector declined in September after seven consecutive months of growth. The overall economy grew for the 11th consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report ...
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Sunsource acquires Pabco Fluid Power

SunSource Fluid Power, Addison, IL, has acquired Pabco Fluid Power Cincinnati, OH. A value-added distributor of fluid power products and services, SunSource now has 54 branch and Service/Repair locations throughout the United States; seven of ...
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Home Depot to acquire 3 residential construction flooring businesses

The Home Depot , Atlanta, GA, the world's leading home improvement retailer, today announced it has entered into definitive agreements to acquire: Floors, Inc., Arvada Hardwood Floor Company, and Floorworks, Inc. The closing of the ...
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CamBar acquires McJunkin's interest in McBar

Cameron & Barkley (Cambar), Charleston, SC, will acquire McJunkin Corporation's interest in McJunkin-CamBar Corporation (McBar). McBar is a 50-50 joint venture company owned by Cameron & Barkley and McJunkin that supplies a full range of ...
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IDG removed from 'watch list' by NYSE

Industrial Distribution Group, Inc., Atlanta, GA, received official notice from the New York Stock Exchange that it has been removed from the NYSE's 'Watch List' and is now considered a 'company in good standing' in ...
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New coalition for distributors and manufacturers

Industry veteran Dan Judge, who was responsible for bringing the concept of buying groups to the industrial distribution industry, announced the formation of NETPLUS ALLIANCE, an organization offering the benefits of a powerful buying group ...
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