The 2020 Mid-Year Economic Update_long

MDM News Digest 3617

Home Depot Supply of Canada has acquired Grafton Utility Supply, an electrical utility distributor in Canada. Established in 1978, Grafton Utility Supply distributes transmission and distribution products. It has 72 associates and operates in four cities: Colborne, Ontario; Winnipeg, Manitoba; Calgary, Alberta; and Surrey, British Columbia. Products include wire and cable, transformers, connectors, switches, insulators, underground and lighting. More …

Motion Industries, Inc., Birmingham, AL, a distributor of industrial maintenance, repair, and operation (MRO) replacement parts, has acquired Ruston Industrial, Ruston, LA, and Hydraulic Depot in West Monroe, LA. Ruston sells bearings, mechanical power transmission, fluid power products, and industrial products with five locations in the South. Hydraulic Depot has a single location in West Monroe, LA. Its primary business is hydraulic repair and hydraulic product sales. More …

Motion’s parent company, Genuine Parts Company, Atlanta, GA, has announced a new operating unit, the Heavy Vehicle Parts Group USA. The new unit will supply replacement parts for the repair and maintenance of heavy-duty trucks and trailers. The group will serve fleet operators, major repair facilities, trailer OEMs and others in the heavy-duty parts distribution channel. GPC estimates the market at $15-$20 billion annually. More …

Bunzl Distribution Inc., a supplier of disposable paper and plastic packaging to supplies to an array of businesses and industries, has acquired two companies in North America: Morgan Scott, Toronto, Ontario, a distributor of jan/san and foodservice disposable products in eastern Canada, and United American Sales, Inc., a redistributor of personal protection equipment to industrial and construction markets. The two acquisitions combined had about $120 million in revenues in 2005. UASI has sold only to authorized distributors. Morgan Scott had revenues of US$59.2 million in 2005. More …

Mayer Electric Supply Co. Inc. will acquire Jones & Lee Supply, Knoxville, TN. ‘Jones & Lee is already a very solid distributor in the eastern Tennessee market and together we see that this will foster even quicker growth with customers in Knoxville, as well as the surrounding communities,’ said Jim Summerlin, Mayer’s president. Jones & Lee was founded in 1948 and remains a family business.  Over the past half century the company has grown from two associates to a team of 26. More …

class=content>PrimeSource Building Products Inc., Carrollton, TX, distributor of building materials specializing in fasteners, will acquire Pacific Steel and Supply, nail distributor on the West Coast. PSS currently operates their own fleet of trucks from three warehouses in San Leandro, CA, Ontario, CA, and Tacoma, WA. PSS’s expertise in agricultural products is expected to further enhance the product assortment and service currently offered by PrimeSource. More …

Beacon Roofing Supply, Inc., Peabody, MA, has acquired Roof Depot, Inc., a Minnesota-based distributor of residential and commercial roofing and other related building products with locations in Minneapolis and Stillwater, MN. Roof Depot is a distributor of roofing and other complementary building products. Roof Depot generated net sales of $31 million for its fiscal year ended Dec. 31, 2005. More …

Ferguson, Newport News, VA, has acquired the assets of Water Works Supplies, Inc. WWSI distributes water works products and is based in Southern Indiana, Central Eastern Kentucky and Southern Illinois. In the year ended June 30, 2005, WWSI had revenue of $29.5 million. Ferguson also acquired Palermo Supply Co. Inc., Palermo Plumbing Center, Inc., and Palermo Wholesale Supply, Inc. Palermo is a plumbing and heating distributor in Northern New Jersey and the greater New York areas. In the year ended Dec. 31, 2005, Palermo had revenue of $82.9 million. More …

Edgen Corporation, Baton Rouge, LA, a global distributor of specialty steel pipe, pipe components and high grade structural steel sections, plates and tubulars, reported sales for the second quarter ended June 30, 2006, were $98.2 million, compared with $74.4 million for the same period last year. More …

RONA Inc., Squamish, BC, a Canadian distributor and retailer of hardware, home improvement and gardening products, has acquired British Columbia-based Mountain Building Centres Limited. Mountain Building Centres is a supplier of building materials, home improvement and hardware. Mountain Building Centres posted sales of $22 million in 2005.

Atlas Copco (China) Investment Co. Ltd., Stockholm, Sweden, has agreed to acquire the Shanghai Bolaite Compressor Co. Ltd., with $18.7 million (137M SEK) and 309 employees. Bolaite, Shanghai, China, manufactures and distributes piston compressors and oil-injected screw compressors below 450 kW, and dryers. Bolaite has an extensive distributor network in China. Bolaite will become part of Atlas Copco Compressor Technique’s Industrial Air division. Atlas Copco has more than 110 sales and service offices throughout China and more than 200 distributors there.

Graybar, St. Louis, MO, distributor of electrical and communications products and related supply chain management and logistics services, posted 19.7 percent growth in the first half of 2006 to $2.45 billion compared to the same period last year. ‘Our revenues are up nearly 20 percent, and we only increased head count 5 percent, mostly in customer-facing roles,’ said Robert A. Reynolds, Jr., chairman, president and CEO of Graybar. More …

Lawson Products President and COO Jeffrey B. Belford will retire in January after more than 26 years with the company. Thomas Neri, Lawson’s executive vice president for finance, planning and corporate development, will assume the role of COO immediately and will become president beginning in January. In other Lawson news, the company is starting construction to more than double the size of its facility in Reno, NV, to about 250,000 square feet by mid-2007. In addition, Lawson will be laying off 40 employees by the end of 2006. More …

Airgas Inc. CFO Roger F. Millay will resign effective Sept. 20, 2006. He will become the CFO of Discovery Communications, Inc., the parent company of the Discovery Channel and Animal Planet. Robert M. McLaughlin, vice president-controller, will take over as interim CFO for Airgas upon Millay’s resignation.

Ingersoll-Rand Company Ltd., a diversified industrial manufacturer, has purchased ZEKS Compressed Air Solutions, West Chester, PA, which develops and manufactures a complete line of compressed air treatment products, including air dryers, filters and system controllers. Sold through dozens of distributors in the U.S. and Canada, ZEKS products are used for diverse industrial and manufacturing applications in a range of industries. ZEKS will operate as part of Ingersoll Rand Air Solutions, a business unit of Ingersoll Rand’s Industrial Technologies Sector.

Illinois Tool Works Inc., Glenview, IL, has agreed to acquire Click Commerce, Inc., an on-demand supply chain management software provider. The total value of the transaction, including outstanding stock options, is $292 million. Click Commerce has trailing 12 month revenues of $74 million. The company’s software products include B2B e-commerce solutions for demand chain management, real time RFID-enabled supply chain management, service supply chain management and master data management. ‘We believe Click Commerce represents a solid new growth platform for ITW,’ said David B. Speer, ITW’s chairman and CEO.

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