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HD Supply White Cap, Costa Mesa, CA, has agreed to acquire ORCO Construction Supply in Livermore, CA. ORCO is an independent supplier to construction professionals in California, Arizona and Nevada, operating out of 11 distribution locations and two rebar facilities.
The acquisition of ORCO's assets provides HD Supply White Cap with an increased ability to provide world-class service to our existing and prospective customers, said Tom Lazzaro, president of HD Supply White Cap.
ORCO Construction Supply will be fully integrated into the HD Supply White Cap business and will begin operating under the HD Supply White Cap brand following the closing of the transaction. ...
The acquisition of ORCO's assets provides HD Supply White Cap with an increased ability to provide world-class service to our existing and prospective customers, said Tom Lazzaro, president of HD Supply White Cap.
ORCO Construction Supply will be fully integrated into the HD Supply White Cap business and will begin operating under the HD Supply White Cap brand following the closing of the transaction. ...
Anixter International Inc., Glenview, IL, a global distributor of communication products, electrical and electronic wire & cable, fasteners and other small parts, reported sales for the first quarter ended April 3 were $1.27 billion, down 14% from the year ago quarter. Profit declined 54% to $25.7 million.
Organic sales decreased 7% in the quarter, led by declines in the European OEM supply business which declined 32%. Emerging markets and North American OEM supply posted organic sales growth of 3% and 12% respectively.
Following a very soft finish to 2008, and an extension of those market conditions into the first few days of 2009, we were pleased to see activity levels rebound to a limited degree and then stabilize through the balance of the ...
Organic sales decreased 7% in the quarter, led by declines in the European OEM supply business which declined 32%. Emerging markets and North American OEM supply posted organic sales growth of 3% and 12% respectively.
Following a very soft finish to 2008, and an extension of those market conditions into the first few days of 2009, we were pleased to see activity levels rebound to a limited degree and then stabilize through the balance of the ...
I spoke with David DeLong, author of "Lost Knowledge: Confronting the Threat of an Aging Workforce," for the latest issue of MDM. He shared with me a case study about effective knowledge transfer from the older generation of workers to the younger.
DeLong features a host of case studies on his Web site, www.lostknowledge.com. In one, about manufacturer Boston Scientific, the company faced the retirement of highly skilled workers who were specialists in knitting, weaving and yarn texturizing work on intricate machines that knit or weave special yarn into tube-like grafts. (This plant specialized in manufacturing surgical grafts and fabrics used to treat vascular ...
As the recession rolls on and the focus turns to recovery, an article at WSJ.com points out that maybe things didn't have to be as bad as they were. Lack of clarity in the supply chain has resulted in supply problems at many levels.
In fact, many companies cut dramatically due to uncertainty in demand when the market slowed; as a result, some cut more than they needed to. In some cases, shipments of goods were decreased more than demand had contracted. Whether production can catch back up when demand rebounds is one question some experts are asking.
Bad information or lack of information can lead to decisions that may not ...
In fact, many companies cut dramatically due to uncertainty in demand when the market slowed; as a result, some cut more than they needed to. In some cases, shipments of goods were decreased more than demand had contracted. Whether production can catch back up when demand rebounds is one question some experts are asking.
Bad information or lack of information can lead to decisions that may not ...
Modern Distribution Management has launched a group on the popular business networking Web site, LinkedIn. Join "Modern Distribution Management's Independent Distributor Network" by clicking here. The group is open to distribution and supply chain professionals, manufacturers who sell through distribution and all professionals interested in the independent distribution channel. We hope you will use the group as a place to network with other distribution professionals and to discuss issues of importance to the distribution channel. We look forward to seeing you there!
MDM is also building a presence on Twitter. If you'd like to follow us there, please visit ...
MDM is also building a presence on Twitter. If you'd like to follow us there, please visit ...
The Home Depot, Atlanta, GA, reported sales for the first quarter of fiscal 2009 were $16.2 billion, a decrease of 9.7% from the prior year period. Profit increased 44.4% to $514 million.
Comparable store sales declined 10.2% overall, with comparable sales for U.S. stores down 8.6%.
The increase in profit can be attributed in part to the closure of the EXPO businesses, which contributed $117 million to first quarter operating profits.
At the end of the first quarter, The Home Depot operated 2,238 retail stores, including 1,973 stores in the United States, 178 stores in Canada, 75 stores in Mexico and 12 stores in China. ...
Comparable store sales declined 10.2% overall, with comparable sales for U.S. stores down 8.6%.
The increase in profit can be attributed in part to the closure of the EXPO businesses, which contributed $117 million to first quarter operating profits.
At the end of the first quarter, The Home Depot operated 2,238 retail stores, including 1,973 stores in the United States, 178 stores in Canada, 75 stores in Mexico and 12 stores in China. ...
Housing starts in April were down 12.8% from March and 54.2% below April 2008, according to the U.S. Census Bureau and the Department of Housing and Urban Development.
Starts fell to a seasonally adjusted annual rate of 458,000. Single-family starts were at 368,000, up 2.8% from March. The April rate for units in buildings with five units or more was 78,000.
Privately-owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 494,000, 3.3% below March, and 50.2% below April 2008.
Single-family authorizations in April were at a rate of 373,000; this is 3.6% above March. Authorizations of units in buildings with five units or more were at a rate of 103,000 in April.
Privately-owned housing ...
Starts fell to a seasonally adjusted annual rate of 458,000. Single-family starts were at 368,000, up 2.8% from March. The April rate for units in buildings with five units or more was 78,000.
Privately-owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 494,000, 3.3% below March, and 50.2% below April 2008.
Single-family authorizations in April were at a rate of 373,000; this is 3.6% above March. Authorizations of units in buildings with five units or more were at a rate of 103,000 in April.
Privately-owned housing ...
Kennametal Inc., Latrobe, PA, has signed a definitive agreement to sell its high speed steel drills, related product lines and assets to Chinese manufacturer Top Eastern Drill Co., Ltd. Top-Eastern Drills is a global manufacturer of high speed steel drills and taps.
The transaction includes four facilities and operations specifically related to the product lines located at Evans, Georgia; Clemson, South Carolina; Mexico City, Mexico; and Mississauga, Ontario. Kennametal presently has approximately 400 employees who are located at these facilities or otherwise involved with these product lines.
Kennametal expects to receive $29 million in proceeds from the divestiture and recognize a pre-tax loss on the sale and related pre-tax charges estimated to amount to a ...
The transaction includes four facilities and operations specifically related to the product lines located at Evans, Georgia; Clemson, South Carolina; Mexico City, Mexico; and Mississauga, Ontario. Kennametal presently has approximately 400 employees who are located at these facilities or otherwise involved with these product lines.
Kennametal expects to receive $29 million in proceeds from the divestiture and recognize a pre-tax loss on the sale and related pre-tax charges estimated to amount to a ...
Inflation-adjusted gross domestic product, which grew by a miniscule 1.1% in 2008, will decline 2.9% in 2009 before rebounding to 1.9% growth in 2010, according to the latest Manufacturers Alliance/MAPI Quarterly Economic Forecast.
The GDP forecast for 2009 is lower than the previously anticipated 2.1% decline for this year projected in the February 2009 release.
We are in a severe global recession where manufacturing is taking the brunt of the decline. Fortunately, we are starting to see signs of economic conditions beginning to stabilize, said Daniel J. Meckstroth, Manufacturers Alliance/MAPI chief economist. "We expect that the eventual recovery will be sluggish due to continued deleveraging by consumers as they move away from ...
The GDP forecast for 2009 is lower than the previously anticipated 2.1% decline for this year projected in the February 2009 release.
We are in a severe global recession where manufacturing is taking the brunt of the decline. Fortunately, we are starting to see signs of economic conditions beginning to stabilize, said Daniel J. Meckstroth, Manufacturers Alliance/MAPI chief economist. "We expect that the eventual recovery will be sluggish due to continued deleveraging by consumers as they move away from ...
As part of its filing for Ch. 11 bankruptcy protection, Raleigh, NC-based Stock Building Supply will slash an additional 2,220 jobs and close more locations. According to a court filing, the distributor will reject 210 leases where the company has already ceased or plans to cease operations. That number could grow.
In its fiscal year ended July 31, 2008, Stock recorded a $744 million loss. It had $3.5 billion in sales. The distributor filed for Ch. 11 bankruptcy protection May 6, 2009.
The company reported in its filing that it will retain 5,000 jobs, down from 7,220 who are currently employed.
"Without the restructuring and relief provided by the Plan and the additional investments into the business, Stock likely faces a liquidation, which ...
In its fiscal year ended July 31, 2008, Stock recorded a $744 million loss. It had $3.5 billion in sales. The distributor filed for Ch. 11 bankruptcy protection May 6, 2009.
The company reported in its filing that it will retain 5,000 jobs, down from 7,220 who are currently employed.
"Without the restructuring and relief provided by the Plan and the additional investments into the business, Stock likely faces a liquidation, which ...
