News
Breaking news in Wholesale Distribution
The Stanley Works and Black & Decker have recently announced they are merging to form an $8.4 billion manufacturer. The deal, which the companies insist is not due to economic conditions, seems to be getting a positive response from channels the suppliers serve. Still, distributors are watching the manufacturers closely as they move toward closing the deal in the first half of 2010.
While the initial announcement came as a surprise to many, the merger of The Stanley Works (NYSE: SWK), New Britain, CT, and The Black & Decker Corp. (NYSE: BDK), Towson, MD, also made sense to many with interests in …
The Power Transmission Distributors Association's outgoing and incoming presidents recently spoke with MDM Editor Lindsay Konzak about challenges in the industry, association successes building leadership in the younger generation, and PTDA's push on the motion control front.
Drew Tucci, director of sales & marketing of Eastern Bearings, Inc., Waltham, MA, finishes his tenure as president at the end of 2009. Keith Nowak, president of MPT Drives Inc., Madison Heights, MI, was elected president at PTDA's Industry Summit in San Diego, CA, last month and will take the helm in 2010.
On the first three pages, you will find recent sales figures from various sectors, as well as a Reports Digest, with information you can use from public distributor and manufacturer reports and earnings calls, distilled by MDM.
On page three of this Public Distributor Report, we feature MSC Industrial, which released its annual results. It features snippets from its 10K annual report and investor call.
The latest numbers for dozens of public distributors across various wholesale sectors are on the back page and provided by Robert W. Baird & Co.
We hope you will view this quarterly feature as another way to gather ideas, stay on top of the moves of your largest competitors, and hone your business plan.
