January 2006 - Page 2 of 3 - Modern Distribution Management

January 2006

Applied Industrial Technologies Reports 13% 2Q Sales Increase

Applied Industrial Technologies, Cleveland, OH, reported a 13% increase in sales to $456.1 million for the fiscal 2006 second quarter ended Dec. 31, 2005. It recorded a 53% jump in profit. For the six months ended Dec. 31, 2005, sales increased 10% to $899.3 million from $817.2 million in the same period last year. Profit was

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Lawson Products Faces Federal Investigation

Lawson Products Inc., Des Plaines, IL, said it is facing an federal investigation into whether Lawson representatives have provided inappropriate gifts to purchasing agents, including government purchasing agents.The probe, by the U.S. Attorney’s Office for the Northern District of Illinois, follows a search warrant executed in December for records and files at the company’s headquarters.

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Steel Service Center Reliance Agrees to Buy Earle M. Jorgenson Company for $934M

Reliance Steel & Aluminum Co., Los Angeles, CA, has agreed to acquire steel service center Earle M. Jorgensen Company, Lynwood, CA, for $934 million including assumption of $291 million in net debt. The price is a premium of 25% over EMJ’s share price as of Jan. 17, 2006. The transaction is expected to be completed

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Beacon Roofing Supply Acquires Two More Distributors

Beacon Roofing Supply, Inc. has acquired Mississippi Roofing Supply, Inc. and Alabama Roofing Supply, LLC, affiliated companies. They are headquartered in Pearl, Miss. and Montgomery, Ala., respectively. MRS and ARS operate a combined three facilities one in Mississippi and two in Alabama that offer residential and commercial roofing products and other complementary building products. Together

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Beacon Roofing Supply Acquires West Coast Distributor

Beacon Roofing Supply Inc., Peabody, MA, ($850 million in revenues) has acquired C& S Roofing Materials Inc., doing business as Pacific Supply Company, a west coast distributor of roofing and other building products headquartered in Orange, CA. Pacific operates four facilities in Southern California that offer residential and commercial roofing products and other complementary building

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Moving Standards Forward

The development and adoption of business transaction standards are about best practice business processes. The implementation of standards, on the other hand, is boring and confusing. That’s been part of the problem in getting standards off the ground in industrial channels, where there is a high degree of fragmentation. A summit meeting on standards this

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Key Issues for Distributors in 2006

channels because of increased visibility. While this blockbuster deal shifts the competitive landscape dramatically for a few product channels immediately, and longer term potential threats elsewhere in other product sectors, it may offer some potential benefits in the near-term for those in search of an exit strategy.Rising CostsHealth insurance costs continue to be a headache

Key Issues for Distributors in 2006 Read More »

Construction Market to Cool in 2006

Forecasts for 2006 show overall construction will slow with an increase of 3 percent compared with the 8 percent increase seen last year. Top growth markets for the coming year include institutional, commercial and manufacturing construction.McGraw-Hill Construction/Dodge, an economic engine that generates monthly construction starts data for the industry, predicts an overall increase of 3

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Wholesale Inflation Jumps 5.4% in 2005

1.3%The capital equipment index advanced 1.3 percent in 2005, after climbing 2.4 percent in 2004. In December, the capital equipment index advanced 0.1 percent after a similar decline in November. The indexes for metal-cutting machine tools and for mining machinery and equipment turned down in December. Prices for agricultural machinery and equipment, as well as

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News Digest 3601

href=”/pub/1_1/breaking-news/2952-1.html”>More … >MSC Industrial Direct Co., Melville, NY, a distributor of MRO supplies to industrial customers in the U.S., reported its earnings were up 12.4% in the first quarter of its fiscal year 2006. Profit was up 22.9%. For the first quarter of fiscal 2006, net sales rose to $295.9 million from net sales of

News Digest 3601 Read More »

MDM AUDIO CONFERENCES PRESENTS: Innovation Management for Distributors: Get Breakthrough Results in 2006

YOUR PRESENTER: Bruce Merrifield, Merrifield Consulting GroupHow can you turn the art of innovation into a systematic science to generate new streams of profit? To avoid repeating the past, what experiments will you try in 2006 to stimulate more effective innovation management? For those in independent wholesale distribution channels, the days of making lots of

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Databank: Selected Comparable Companies Fall 2005

This quarterly snapshot highlights the financial/operating performance of a selected group of publicly traded wholesale distribution companies in three hardgoods sectors (Industrial; Plumbing, Heating, Cooling, PVF (PHCP); Electrical). The chart shows the return on assets performance for certain of these companies and a comparison of sector averages.Click on the Related Document tag below to see

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Private Equity Group Acquires Barjan Products

Monomoy Capital Partners LLC, New York, NY, has acquired Barjan Products LLC, a $140 million distributor of consumer products to travel centers, truck stops and convenience stores. Monomoy paid $20 million in cash and assumed liabilities.In an unusual transaction structure, Monomoy acquired Barjan’s assets directly from a syndicate of 13 banks led by General Electric

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Machine Tool Consumption Up 8.3% Through November

November 2005 U.S. machine tool consumption was up 8.3% year-to-date compared with 2004, with a year-to-date total of $2,766.59 million. Machine tool consumption totaled $245.04 million in November, according to the American Machine Tool Distributors’ Association and the Association for Manufacturing Technology. This total was down 2.5% from October 2005 and down 6.9% from the

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Kennametal Acquires German ECM Supplier

Kennametal Inc., Latrobe, PA, has acquired a European supplier of ECM (Electro Chemical Machining) technologies and solutions VMB, Diva-Tec and VMB Entgrattechnik. The German company will be combined with Kennametal’s ExtrudeHone ECM group. Kennametal Inc. is a $2.3 billion global supplier of tooling, engineered components and advanced materials consumed in production processes. ExtrudeHone, a supplier of engineered

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Machine Tool Builder Maxcor Continues Portfolio Expansion

Maxcor Inc., New York, NY, announced that it will buy the Ex-Cell-O group of companies from IWKA. The acquisition will expand Maxcor’s portfolio to 11.Ex-Cell-O, a global producer of machine tools and systems, specializes in manufacturing solutions for automotive chassis and powertrain components. The acquisition includes operations in five countries Germany, U.S.A., U.K., France and

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