The 2020 Mid-Year Economic Update_long

February 2015 M&A Roundup: Busy Month for Arrow

Gases & welding sector sees activity; Sysco-U.S. Foods proposed merger stalls as FTC seeks injunction.
Eric-Smith-84x84

The shortest month of the year was lackluster for distribution merger-and-acquisition activity, so Arrow Electronics' three purchases stood out as the company expanded its global footprint and diversified its portfolio.

The Centennial, CO-based electronics distributor acquired United Technical Publishing, a division of Hearst Business Media and digital provider of product information to the global electronics components industry.

It also bought RDC, a wholly owned subsidiary of Computacenter UK Ltd, for £56M (US$84 million). And it agreed to acquire ATM Electronic Corp., an electronic component distributor based in Taiwan with substantial operations in China and 2014 sales of $500 million.

But despite Arrow's flurry of deals, the biggest M&A news in February involved a proposed merger that wasn't approved and may never close.

The Federal Trade Commission said it will seek a preliminary injunction to prevent Sysco and U.S. Foods from completing their proposed merger, even after Sysco said it would sell 11 U.S. Foods facilities to appease regulators.

The gases & welding sector reported three key acquisitions in February. Matheson Tri-Gas Inc., Basking Ridge, NJ, a subsidiary of the Japanese company Taiyo Nippon Sanso Corp., acquired Sims Welding Supply, Long Beach, CA.

Tech Air, a Danbury, CT-based distributor of industrial, medical and specialty gases and related welding supplies, agreed to acquire New York-based Prest-O-Sales & Service Inc. and Prest-O-Peconic Inc. (its second acquisition in two months). And Memphis, TN-based gases and welding supplies distributor nexAir agreed to acquire Welders Supply & Equipment Co. Inc., Montgomery, AL, a distributor for welding and medical equipment, gases and safety supplies with two locations Alabama.

Here are other key deals that occurred in February 2015:

Sonepar Acquires German Distributor

Ferguson Makes Acquisitions in Colorado, Iowa

Bunzl Makes Acquisitions in Canada, Spain

Anixter to Sell Fasteners Segment for $380 Million

Motion Industries Acquires Oil & Gas Supply

Ryan Herco Flow Solutions Acquires GFI Stainless

RelaDyne Acquires Fentress Oil, Greg Wright Supply

Builders FirstSource Acquires Timber Tech Texas

Fairmont Supply Sold to Private Equity Fund

Northern Safety Acquires Southland Industrial Supply

BDI Acquires Munnell & Sherrill

VWR Acquires National Biochemicals

Continental Closes $1.6B Purchase of Veyance Technologies

Myers Industries Sells Lawn & Garden Business

PPG Looks to Buy Majority Stake in LJF's Sealants Business

3M to Acquire Polypore’s Separations Media Business

Atlas Copco to Acquire Kalibriercentrum Bayern

UFPI Affiliate Acquires Rapid Wood

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.