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Breaking news in Wholesale Distribution
Company to divest its fly-by-wire and Kaydon velocity control businesses.
Volumes for the European building materials supplier increased 2.3 percent year-over-year.
Company's profit increases 1.6 percent for third quarter.
Average daily sales also down 1.9 percent in first quarter.
Company reports loss of $44.7 million for the quarter.
Company sells business unit to private equity-owned Interior Specialists Inc.
Consumer optimism about short-term outlook less optimistic.
Year-to-date sales down 8.3 percent year-over-year.
