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Breaking News in Wholesale Distribution

Acquisitions in wholesale electical distribution

Two recent transactions were announced in the wholesale electrical distribution area which has not experienced many transactions over the past year after a feeding frenzy of activity in the prior two years when over 40 ...
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2002 machine tool consumption down 23.8%

July U.S. machine tool consumption totaled $143.34 million, according to AMT - The Association For Manufacturing Technology and AMTDA, the American Machine Tool Distributors' Association. This total, as reported by companies participating in the USMTC ...
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Lone Star Technologies to acquire Wheeling Machine Products

Lone Star Technologies, Inc., Dallas, TX, has entered into a definitive agreement with Wheeling Machine Products, Inc. and Wheeling Machine Products of Texas, Inc. ("Wheeling"), collectively one of the largest domestic suppliers of couplings used ...
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Danaher to acquire Thomson Industries

Danaher Corporation, Cleveland, OH, has entered into a definitive agreement to purchase Thomson Industries, Inc. for $165M, plus additional contingent consideration based on the future performance of Thomson. The closing of the transaction is subject ...
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August Manufacturing ISM report on business

Economic activity in the manufacturing sector grew for the seventh consecutive month in August. The overall economy grew for the 10th consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On ...
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Fenner Drives acquires Eagle Belting

Fenner Drives, Manheim, PA, has acquired the business and assets of Eagle Belting Company, a global supplier of urethane belting for mechanical power transmission and material handling applications.Eagle Belting Company, founded in 1916, is headquartered ...
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Prophet 21 reports financial growth for the fiscal year

Prophet 21, Inc., Yardley, PA, reported an increase in revenues of $2.7 million for the fiscal year ended Jun. 30, 2002 and an increase in net income of $4.7 million over the prior fiscal year. ...
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Sandvik Coromant US appoints new president

Michael J. Abberley has been appointed the new president of Sandvik Coromant US, Fair Lawn, NJ. Mr. Abberley, formerly vice president of sales and marketing, is a 37-year veteran of the company. 'Mike, with his ...
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Danaher to acquire Raytec

Danaher Corporation , Washington, DC, entered into a definitive agreement to purchase Raytek Corporation for approximately $75 million. The closing of the transaction is subject to certain customary conditions and is expected shortly. Danaher expects ...
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Emerson acquires Von Arx of Switzerland

Emerson's Ridge Tool division, St. Louis, MO, acquired Von Arx AG of Switzerland, a leading manufacturer of tools for solderless press-type connections in plumbing and heating systems. 'Because solderless press-type copper connections reduce costs by ...
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