June 2006 - Page 3 of 3 - Modern Distribution Management

June 2006

Stock Takes Stock

highly fragmented, are an opportunity for Stock, Hord said. The company has acquired three operations in this area, as well as opened two greenfield locations this year. Others are planned.A large number of small distributors presents an opportunity for acquisition in this area, Hord said.Stock has also recently increased its capacity to supply rebar. Its […]

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U.S. Market Analysis: Flat Conveyor Belting – MRO

Flat Conveyor Belting-MRO represented a market in 2005 of $576.7 million, according to estimates by Industrial Market Information, Minneapolis. These charts show the top ten industries, by SIC code, consuming these products; and the 2005 end-user consumption of these groups sorted by the nine government market regions. For the charts, click on Related Document below.

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Canada 1Q Wholesale Sales Rise 2.4% From Previous Quarter

gainsWholesale sales were up in Central Canada in March, increasing by 0.9% in Quebec and 0.6% in Ontario. For Quebec wholesalers, this was a sixth gain in eight months. In both provinces, the increase in March was mainly attributable to household goods and machinery and electronic equipment, two sectors that registered robust gains at the national level.The

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Canadian Industrial Distributor Commercial Solutions Acquires Excel Bearings

Commercial Solutions Inc., Edmonton, Alberta, had acquired Excel Bearings Inc., a $3.5 million revenue Ontario-based distribution company with 10 employees and locations in Waterloo and Cambridge, Ontario.Commercial reported total revenue for the 2005 fiscal year of $97.8 million.Excel is a bearing and power transmission specialist with a strong regional presence in the Southern Ontario market

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Sandvik to Acquire Australian Based UDR Group

Sandvik, Stockholm, Sweden, has signed an agreement with Major Drilling Group International Inc., Canada, to acquire the business and assets of the Australian company UDR Group, including its business units in Australia and Chile. UDR Group is a manufacturer and supplier of surface mineral exploration drill rigs. UDR Group reported sales for the last business

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April Distributor Sales Up 10.1% From A Year Ago

Sales. The U.S. Census Bureau announced that April 2006 sales of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations and trading-day differences but not for price changes, were $319.9 billion, up 1.3 percent (+/-0.5%) from the revised March level and were up 10.1 percent (+/-1.0%) from the April 2005 level.

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Anixter Acquires IMS Inc. for $28.5M

Anixter International Inc., Glenview, IL, a distributor of communication products, electrical and electronic wire and cable, and a distributor of fasteners and other small parts, has acquired IMS Inc. for $28.5 million in cash. Manchester, CT-based IMS is a wire and cable distributor to OEM and Electronic Manufacturing Services companies. For the full year 2005, IMS

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Universal Forest Products Buys Truss Manufacturer

Universal Forest Products, Inc., Grand Rapids, MI, announced its subsidiary has acquired Dura-Bilt Mfg. Co., a roof and floor truss manufacturer based in Riverbank, CA. Dura-Bilt’s 2005 sales were approximately $16 million. The purchase will expand Universal’s manufacturing capacity in the Northern California market, allowing Universal to serve national and regional home builders in the

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Gates, National Science Foundation Pair to Establish Fluid Power Research Center

Gates Corporation, a subsidiary of UK-based Tomkins plc, has joined with the National Science Foundation, leading universities, and other industrial companies to establish a $21 million Fluid Power Engineering Research Center.‘Gates is committed to supporting industry and educational efforts to increase awareness, efficiency, and use of fluid power technologies,’ said Lou Braga, Group President of

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Interline Acquires American Sanitary for $127.5M

Interline Brands, Inc., a national distributor and direct marketer of maintenance, repair and operations (MRO) products, has agreed to acquire substantially American Sanitary Incorporated, a national distributor of janitorial and sanitary supplies for a cash purchase price of $127.5 million. The acquisition is expected to close in July 2006, subject to customary closing conditions. Interline

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DXP Enterprises Acquires Two Companies

DXP Enterprises Inc. has acquired Production Pump and Machine Tech, companies that specialize in pumping equipment for oilfields, pipelines, and municipalities. DXP paid about $10.1 million for the acquired businesses and assumed about $0.4 million worth of debt. The acquired businesses operate from three facilities with capabilities of fabricating, machining and value-added services. These businesses specialize

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Heritage Partners Invests in OneSource Distributors

Heritage Partners, Inc., Boston, MA, a private equity firm focused on family-owned businesses, has made an investment in OneSource Distributors Inc. OneSource is a family-owned electrical distribution company in Southern California, one of the largest and fastest growing electrical products markets in the country.   The transaction was structured as a Heritage Partners Private IPO, allowing

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Platinum Equity to Acquire Textron Fastening Systems for $630M

Private investment firm Platinum Equity, Los Angeles, CA, has signed a definitive agreement to acquire for $630 million Textron Fastening Systems, a global provider of fastening technologies and services to customers in a broad range of industries. The seller is Textron Inc., which announced in late 2005 that it would sell the $1.8 billion revenue

Platinum Equity to Acquire Textron Fastening Systems for $630M Read More »

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