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Breaking News in Wholesale Distribution

Regal-Beloit to purchase GE's HVAC motors business

Regal-Beloit Corporation,Beloit, WI, has agreed to acquire the Heating, Ventilation and Air Conditioning (HVAC)/Refrigeration Motors and Capacitors operations of GE Consumer and Industrial from General Electric Company for $379 million. GE's HVAC/Refrigeration Motors and Capacitors ...
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Applied Industrial Technologies Declares Three-For-Two Stock Split

Applied Industrial Technologies,Cleveland, OH, announced that its board of directors declared a three-for-two stock split payable on Dec.17, 2004 to shareholders of record on Dec. 3, 2004. "We are pleased to announce our split. The trading ...
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Strategic Distribution reports wider losses

Strategic Distribution, Inc.,Bensalem, PA, reported revenues for the third quarter ended Sept. 30, 2004, were $30.5 million, compared to revenues of $30.0 million reported for the third quarter of 2003. The $0.5 million increase in ...
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Hughes Supply posts record Q3 sales

Hughes Supply Inc. reported revenues for the third quarter ended Oct. 29, 2004 were a record $1,167.5 million, an increase of 36% from $859.5 million during last year's third quarter. Organic sales growth was 15% ...
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Parker Hannifin Acquires Acadia Elastomers

Parker Hannifin Corporation, Cleveland, OH, has acquired Acadia Elastomers Corporation, Roanoke, VA, a producer of sealing solutions, for an undisclosed amount. Acadia will become part of Parker's Seal Group and is expected to be accretive ...
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September Wholesale Sales Up

September 2004 sales of merchant wholesalers, after adjustment for seasonal variations and trading-day differences but not for price changes, were $276.9 billion, up 0.6 percent from the revised August level, and were up 14.5 percent ...
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Kaman Reports 2004 Third Quarter Results

Kaman Industrial Technologies,Windsor, CT, reported sales for the third quarter ended Sept. 30, 2004 were $149.3 million, including $7.4 million from Industrial Supplies, Inc. (ISI), acquired in the fourth quarter of 2003, up 22% from ...
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Goodyear Tire & Rubber Co. Names Strategy Executive

The Goodyear Tire & Rubber Company,Akron, OH, announced that Joseph Copeland, formerly president of the company's chemical business, has been named senior vice president of business development, strategy and restructuring for Goodyear. The new appointment combines ...
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Manufacturers Alliance Tempers Economic Quarterly Forecast

The Manufacturers Alliance/MAPI projects solid growth in the next two years for the U.S. economy and expects the manufacturing sector to continue to outpace the overall economy. But the pace of growth is likely to ...
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MSC Industrial Direct reports higher profits

MSC Industrial Direct Co., Inc.,Melville, NY, reported fiscal 2004 full-year net sales of $955.3 million for the period ended Aug. 28, 2004, an increase of 13.1% over revenues of $844.7 million for the fiscal 2003 ...
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