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Of the 3Q24 Baird-MDM Survey respondents who will do away with hybrid schedules, most cited collaboration as a key driver in the decision.
Last week saw a feeding frenzy of rumors in distribution, with action on both sides of the Atlantic. The biggest hunters suddenly became the hunted.
Praxair Inc., Danbury, CT, has agreed to buy The Linde Group’s industrial and medical gases business in Mexico. Linde’s Mexican business operates under the name of AGA S.A. de C.V. The transaction excludes the Mexican assets of the BOC Group, which Linde acquired as part of its acquisition of BOC.
The sale of Linde’s Mexican business is part of a mutual agreement between Praxair and Linde under which Linde acquired the Turkey-based industrial gases producer Karbogaz A. S. in July 2006. Karbogaz was formerly a joint venture company between Praxair and Ismail Aytemiz of Istanbul, Turkey.
AGA S.A. de C.V. has sales of about $75 million in fiscal 2006.
The acquisition of AGA S.A. de C.V. will increase our presence in the metropolitan area of Mexico City and place …
Interline Brands, Jacksonville, FL, reported sales for fiscal 2006, increased 25% to $1.068 billion. Average organic daily sales grew 8.3%.
Milacron Inc., Cincinnati, OH, reported a net loss for the year of $39.7 million, compared with a net loss of $14 million in 2005.
Sales in 2006 reached $820 million, up from $809 million in 2005. New orders were $828 million compared to $819 million in the prior year.
In the fourth quarter of 2006 of $8.6 million, including $5.1 million in restructuring costs and $1.8 million in refinancing charges. This compared to net earnings in the fourth quarter of 2005 of $5.8 million, which included a $5.5 million tax benefit.
Fourth quarter sales were $198 million, down from $217 million in the year-ago quarter. New orders were $203 million, compared to $212 million in 2005. The bulk of new orders came late in the quarter, which negatively impacted …
Release taken from Statistics Canada
Industrial Distribution Group, Inc. Atlanta, GA, reported sales of $547.9 million in 2006, up 2.9% on an organic basis. Profit was $6.8 million for 2006, compared with $5.4 million in 2005.
Revenue for the fourth quarter 2006 was $131.6 million, a 1.1% increase from $130.1 million in 2005. Profit for the fourth quarter of 2006 was $1.9 million compared with the 2005 profit of $1.5 million.
For the fourth quarter 2006, revenue from the Flexible Procurement Solutions(tm) (FPS) services, including storeroom management, was $80.5 million, or 61.2% of total revenue compared to $74.91 million, or 57.6% of total revenue in the prior-year period, reflecting a growth rate of 7.5%.
Total FPS revenue in 2006 …
Paris-based Rexel, a global electrical distributor, has filed regulatory documents with France’s market regulator,  ; AMF,  ; in the first step towards a possible listing of Rexel on Euronext Paris. (The filing, found here by MDM on AMF’s Web site, is in French.)
Netherlands-based diversified distributor Hagemeyer NV reported sales of 6.22 billion euros (US$8.17 billion) in 2006. Organic growth was 11.5%. Profit for the year was 140 million euros (US$183.8 million), compared with a net loss of 58 million euros (US$76.1 million) last year.
HD Supply reported sales of $12.07 billion in fiscal 2006, an increase of 161.6% over 2005. Most of that growth was driven by the almost $4 billion in acquisitions made in the past year.
Huttig Building Products, St. Louis, MO, distributor of millwork, building materials and wood products, has closed its distribution facility in Hauppauge, NY, as part of the company’s effort to downsize in response to the recent downturn in the housing market.
Lone Star Fasteners, Houston, TX, has acquired LWD Precision Engineering Co. Ltd., a manufacturer of precision engineered components for the global oil and gas industry, for $6 million. LWD, based in Leeds, UK, manufactures precision machined components for valves, actuators and other related critical applications.
Genuine Parts Company, Atlanta, GA, reported sales in 2006 were $10.5 billion, up 7% compared to 2005. Net income for the year was $475.4 million, an increase of 9% from 2005.
Altra Holdings, Inc., Quincy, MA, has agreed to buy power-transmission product manufacturer TB Wood’s Corporation, Chambersburg, PA, for $24.80 a share.
TB Wood’s, with sales of $118.9 million in 2006, will become a fully owned subsidiary of Altra.
“TB Wood’s is a great fit with the existing Altra platforms and meets our disciplined acquisition philosophy perfectly, said Michael L. Hurt, chairman and CEO of Altra. “The acquisition of TB Wood’s broadens our growing coupling product line and adds engineered belted drive systems as well as adjustable speed electronic drives and systems to our product portfolio.”
TB Wood’s offering of elastomeric couplings fills a gap for Altra and will expand engineered coupling revenues by more than 50%. …
US Electrical Services, LLC, Exton, PA, has agreed to buy Rahway Electric Supply Co., Inc. and its subsidiary Asbury Park Electric Supply. Rahway/Asbury has been supplying electrical contractors in Northern and Central New Jersey for almost 27 years.  ;
Taken from Statistics Canada
Canadian manufacturers ended  ; 2006  ; on a positive note as factory shipments increased for the second month in a row in December, thanks to strength in the transportation equipment sector.
The year-end rally was not enough to offset several months of weak performances earlier in the year. As a result, total shipments for  ; 2006  ; as a whole edged down  ; 0.6% to  ; $587.4  ; billion from the peak level in  ; 2005.
December’s increase was widespread, with  ; 13  ; sectors representing  ; 74% of total output improving. On a monthly basis, factories shipped goods worth an estimated  ; $49.7  ; billion in …
Privately-owned housing starts fell 14.3% in January, compared with the revised December estimate. Starts were down 37.8% below the January 2006 rate. Single-family in January were 11.2% below the December figure. The January rate for units in buildings with five units or more was 276,000.
The Producer Price Index for Finished Goods declined 0.6 percent in January, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported. This decrease followed a 0.9-percent advance in December and a 1.8-percent jump in November. At the earlier stages of processing, prices for intermediate goods moved down 0.7 percent compared with a 0.5-percent increase in the prior month. The crude goods index decreased 6.3 percent after rising 2.8 percent in December.
Barnes Group Inc. announced 2006 sales of $1.3 billion, up 14% from $1.1 billion in 2005. Profit was $73.8 million, up 54% from the year before.
Full year 2006 sales at Barnes Distribution were $526.9 million, up 16% from $453.8 million in 2005.
Fourth quarter 2006 sales at Barnes Distribution were $141.6 million, up 26% from the same period last year. Driving the fourth quarter 2006 sales growth were broad-based increases in Barnes Distribution North America, including double-digit increases in …
Rexnord LLC, Milwaukee, WI, power transmission and water management products supplier, reported sales of $283.1 million for the third quarter ended Dec. 30, 2006, up 7% from the prior-year period.   ; Income from operations grew 8.3% over the prior year to $18.2 million.
December U.S. manufacturing technology consumption totaled $321.35 million, according to The Association For Manufacturing Technology and the American Machine Tool Distributors’ Association. This total, as reported by companies participating in the USMTC program, was down 6.9% from November, and down 0.5% from the total of $322.81 million reported for  ; December 2005. With a year-end total of $3,889.75 million, 2006 was up 26.8% compared with 2005.
These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTC program.
2006 was an exceptional year, with the highest U.S. consumption since 2000, says John B. Byrd III, AMT President. Growth should continue in 2007, at a more modest pace, as …
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