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BlueLinx Holdings Inc., Atlanta, GA, a distributor of building products in North America, has agreed to terminate the Master Purchase, Supply and Distribution Agreement between BlueLinx Corp. and Georgia-Pacific LLC, effective April 27, 2009. Georgia-Pacific previously announced its intention to end the agreement in May 2010.
 
In exchange for BlueLinx's agreement to cancel the agreement earlier, Georgia-Pacific will pay $18.8 million.
 
BlueLinx will continue to distribute Georgia-Pacific building products, but the early termination of the agreement also provides BlueLinx the opportunity to pursue strategic relationships with other suppliers and customers previously prohibited. ...
Graybar, St. Louis, MO, distributor of electrical and communications products and related supply chain management and logistics services, reported sales were $5.4 billion in 2008, an increase of 2.7 percent from 2007. The company also posted profit of $87.4 million, up 4.8 percent. More
Dutch holding company ERIKS group has acquired Arnold Frommeyer GmbH & Co. KG, a German distributor of mechanical engineering components for use primarily in sealing technology, fluid technology, maintenance products and tools. Frommeyer has 15 employees and generates annual sales of €3 million. <a href="/issues/1_1/breaking-news/ERIKS_acquires_Frommeyer6274-1.html" ...
BlueLinx Corp., Atlanta-based distributor of building products, has launched a portfolio of what it calls ecoproducts called PureBlue.
 
The distributor is launching the line through an online "virtual show" March 30. The distributor is presenting educational conferences on green from industry experts, product knowledge training, brand-name exhibitor booths and a resource center with workshop presentations to download.
 
The conference will run for 90 days with months on various parts of the supply chain. Dealer month starts the show off and ends April 30. Builder month runs from May 11 until June 7. Architect month runs June 13-24.
 
In addition to these educational programs, BlueLinx ...
Birmingham, AL-based Motion Industries, a subsidiary of Genuine Parts Co., has acquired Monroe Rubber & Plastic Supply, based near Detroit, MI, in Monroe, MI. Monroe is a distributor of hosing and related accessories, and specializes in hydraulic, industrial, metal hose and Teflon hose assemblies. With the acquisition, Motion now has nine facilities focused on cutting and coupling hose assemblies. More
 
Genuine Parts Company, Atlanta, GA, reported sales for 2008 were $11 billion, up 2 percent from 2007. Profit for the year was $475.4 million, a decrease of 6 percent. Motion Industries, the Industrial Group, saw a 5 percent increase ...
Atlanta, GA-based BlueLinx Holdings Inc., distributor of building products, reported a net loss of $25.1 million for the fourth quarter ended Jan. 3, 2009, compared with a net loss of $34.1 million a year ago.
 
For the full year ended Jan. 3, the distributor's net loss was $31.7 million, compared with a net loss of $27.9 million last year. Sales for the year were $2.9 billion, down 27.5% from a year ago.
 
"The housing and building products markets continued to be challenging during the quarter as a result of the historic slump in the housing industry," said

CEO George Judd. "During the quarter, and throughout the year, we remained focused on the areas we could control and continued to take measures to effectively ...
BlueLinx Holdings Inc., Atlanta, GA, a distributor of building products in North America, reported a net loss of $2.6 million for the third quarter ended Sept. 27, 2008, compared with profit of $0.9 million in the year-ago period. Sales declined 28.5% to $727 million.
 
The overall third-quarter unit volume decline of 33% was mainly due to lower unit volumes in both structural and specialty products driven predominately by a 33% decline in housing starts relative to year ago levels.
 
For the nine months ended Sept. 27, 2008, net loss totaled $6.6 million on revenues of $2.28 billion, compared with profit of $6.1 million on revenues of $3.06 billion a year ago. ...
Industrial Distribution Group Inc., Atlanta, GA, distributor of maintenance, repair, operating and production (MROP) products and integrated supply services to manufacturers and other industrial users, is now owned by an affiliate of Luther King Capital Management. We are delighted that the merger with Eiger (the affiliate of Luther King) has been successfully completed,"said Charles A. Lingenfelter, IDG's president and CEO. "The consummation of this transaction enables us to focus our full attention on our customers and suppliers. We will be a more agile company with the ability to adapt more swiftly in response to market changes."Before the merger agreement, Luther King owned 14.9 percent of IDG common stock. <a ...
BlueLinx Holdings Inc., Atlanta, GA, a distributor of building products in North America, reported sales for the second quarter ended June 28, 2008, were $835 million, a decline of 22.9% from the same period a year ago. Profit totaled $6.6 million, an increase of 22.2% over second quarter 2007.
 
The decline in revenue reflects a 26% drop in structural product sales and a 20% sales decline in specialty product sales from the year ago period.
 
For the six months ended June 28, 2008, BlueLinx reported a net loss of $4 million on revenues of $1.55 billion, compared with profit of $5.2 million on revenues of $2.04 billion a year ago.
 
While we are pleased with our results, we expect the current housing market downturn to continue through 2009," said Howard ...
BlueLinx Holdings Inc., Atlanta, GA, distributor of building products, reported a net loss of $10.6 million for the first quarter 2008, compared with a net loss of $189,000 in the year-ago period.
 
Sales fell 25.1% to $716.8 million. The drop reflects a 28.1% decline in structural product sales and a 22.5% sales decline in specialty products.
 
Structural and specialty unit volumes declined 27.8% and 22.3%, respectively, from year-ago levels. The sales decline was mainly due to lower unit volumes in both structural and specialty products driven predominately by a 30.2% decline in housing starts relative to year ago ...
BlueLinx Holdings Inc., Atlanta, GA, distributor of building products in North America, today reported a net loss for the fourth quarter and full year ended Dec. 29, 2007. In the full year, the net loss was $27.9 million, compared with profit of $15.8 million in the prior year.
 
Sales for the year totaled $3.8 billion, down 21.7%, reflecting lower unit volume and lower underlying prices for both structural and specialty products versus the comparable prior year period.
 
We continue to pursue our strategy while also taking proactive measures to adjust our cost structure to the current business climate," said CEO Stephen Macadam. "The actions we took during the fourth quarter demonstrate our commitment to aggressively managing costs and working capital in this ...

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