August 2006 - Page 2 of 3 - Modern Distribution Management

August 2006

Kennametal Opens New China Manufacturing Facility

Kennametal Inc., Latrobe, PA, has opened its new Tianjin, China, manufacturing facility less than a year after the company first announced groundbreaking for the operation.  Located in the Tianjin Economic Development Area (TEDA), the facility, initially sized at 160,000 square feet, will employ 200 people in manufacturing and advanced engineering and design activities. The operation […]

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Strategic Distribution Records 2Q Net Loss; Sales Up 10%

Strategic Distribution, Inc., Bristol, PA, provider of maintenance, repair and operating(MRO) supply chain management services, reported revenues of $37.2 million for the second quarter 2006, compared with $33.7 million for the same period last year. The increase was attributable to $1 million within the existing customer base and $2.9 million from new customers, offset by a

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MDM Inflation Index: June 2006

Modern Distribution Management’s June Inflation Index, which measures a cross-section of industrial supplies, was up 0.35% from the previous month, and up 3.96% from June 2005. Summary of MDM Inflation Index for the past 12 months: June 2006 Index 263.0May 2006 Index 262.1April 2006 Index 262.1March 2006 Index 262.1Febuary 2006 Index 261.2January 2006 Index 260.2December 2005

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Strategic Pricing and Technology on Distributors’ Minds

business in the first quarter.Like many distributors, Airgas has had to implement price management initiatives throughout its business to keep up with the pace of raw materials price increases. Airgas and Praxair Distribution both announced price increases in the past month to compensate. Airgas says that move was to “stay ahead of the curve.”In addition,

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Case Study: Updating Prices

The following case study is excerpted from Driving Growth and Shareholder Value: The Distribution Value Map” published by the National Association of Wholesaler-Distributors.A large, U.S.-based electrical components distributor (ECD) had to keep track of the pricing on 550,000 materials from 5,000 vendors. Some of the pricing was maintained at a national level and some at

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Crane Co. to Acquire Noble Composites for $72M

Crane Co., Stamford, CT, a diversified manufacturer of highly engineered industrial products, has agreed to purchase Noble Composites, Inc., a privately held company specializing in the manufacture and sale of premium, high-gloss finished composite panels used by motorhome and travel trailer manufacturers, for $72 million in cash.  Noble is in Goshen, IN, where it employs

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U.S. Market Analysis: Gear Drives – MRO

  Gear Drives-MRO represented a market in 2005 of $1.46 billion, 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.   Click on Related Document below to

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BlueLinx Holdings Acquires Austin Hardwoods

BlueLinx Holdings Inc., Atlanta, GA, a distributor of building products in North America, has acquired Austin Hardwoods, a privately held hardwood lumber distributor in Austin, TX. The acquisition expands BlueLinx’s presence in the Southwest and is expected to enhance the company’s ability to service industrial customers in certain local markets.Operating since 1972, Austin Hardwoods distributes

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June Wholesale Revenues Grow 13.5% Over Last Year

>SalesThe U.S. Census Bureau announced that June 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 $331.1 billion, up 1.4 percent (+/-0.5%) from the revised May level and were up 13.5 percent (+/-1.0%) from the June 2005 level. The

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Beacon Roofing Supply Sales Grow 63.9% in 3Q

Beacon Roofing Supply, Peabody, MA, announced sales for the third quarter ended June 30, 2006, were up 63.9% to $407.1 million, reflecting sales from companies acquired since last year’s third quarter and internal growth of 5.4%. Strong sales of residential roofing and moderate growth in complementary building products offset a slight decline in non-residential roofing sales.

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Eaton Corp. to Acquire Dover’s Fine Filtration Business

Diversified industrial manufacturer Eaton Corporation, Cleveland, OH, has agreed to acquire Dover Resources’ Ronningen-Petter industrial fine filtration business. Dover Resources is a subsidiary of Dover Corporation. Dover Resource’s Ronningen-Petter fine filtration business had 2005 sales of $30 million. It provides filters and components to customers in end markets that include the oil and gas, pulp

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Rexnord Sales Up 20.2% in 1Q 2007

Rexnord Corporation, Milwaukee, WI, a manufacturer of highly engineered precision motion technology products, focused on power transmission products, reported sales grew 20.2%, excluding the acquisition of Falk, in first quarter fiscal 2007 over the prior-year quarter to $288.4 million. Approximately $25.2 million of this increase was due to the timing of the Falk acquisition in

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MDM Interview: Richard Worthy of US Electrical Services

US Electrical Services LLC has built a $300-million distribution business in the Northeast with three acquisitions since May. The company plans to reach $500 million in revenues by year end. In this interview, President and CEO Richard Worthy discusses USESI’s business model, consolidation in distribution, and the goals of private investors.Richard Worthy is a seasoned

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Applied Industrial Technologies: 10.7% Sales Jump in 2006

Applied Industrial Technologies, Cleveland, OH, reported sales for its fiscal year ended June 30, 2006, increased by 10.7% to $1.9 billion from $1.7 billion in fiscal 2005. Net income rose 30.6% to $72.3 million versus $55.3 million the previous year. Sales for the fourth quarter increased 11.2% to $504 million from $453.3 million in the same

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Interline 2Q Sales Up 15.6%

Interline Brands, Inc., Jacksonville, FL, a distributor and direct marketer of maintenance, repair and operations products, reported sales for the second quarter of 2006 increased 15.6% over the comparable 2005 period. Sales for the quarter ended June 30, 2006, were $235.4 million. Average organic daily sales growth for the second quarter was 11.8%.Interline recorded a

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Airgas to Acquire Texas-based Aeriform Corp.

Industrial gases distributor Airgas, Inc., Radnor, PA, has agreed to acquire Houston, TX-based Aeriform Corp., an independent distributor with 29 locations in Texas, Louisiana, Oklahoma and Kansas. Aeriform has 240 employees and annual sales of $65 million.  About 58% of its revenue comes from gas & rent, with the balance from traditional welding hardgoods. “This will be

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