October 19, 2006

Grainger, Chicago, IL, North American industrial distributor, announced that Court Carruthers, 34, has been named president of its Canadian subsidiary, Acklands-Grainger Inc. Carruthers’ new responsibilities include growing and improving Grainger’s business operations in Canada, which had sales of $428 million USD for the nine months ended Sept. 30, 2006. “We have a tremendous opportunity to improve […]

Reliance Steel & Aluminum Co., Los Angeles, CA, sales for the third quarter ended Sept. 30, 2006, were $1.6 billion, an increase of 87% compared with 2005 third quarter sales of $870.1 million. Net income was $107.5 million, twice the profit of the same period last year.The 2006 third quarter results include Yarde Metals, Inc.

MSC Industrial Direct, Inc., Melville, NY, distributor of MRO supplies to industrial customers in the U.S., reported sales for the fiscal 2006 were $1.32 billion, a 19.8% increase over fiscal 2005. Profit was $136.4 million, an increase of 21.5%. Results are for fiscal year 2006 ended Aug. 26, 2006.Net sales for the fourth quarter were

Barnes Group Inc., Bristol, CT, sales for the third quarter 2006 were $322 million, up 19% from the same period last year. Profit was up 61% to $18.9 million. For the nine months ended September 30, 2006, Barnes Group’s sales were $930.8 million, up 13%. Net income increased 24% to $55.3 million.  Barnes Distribution sales were

Jacuzzi Brands Inc., West Palm Beach, FL, and its directors, which recently agreed to sell Jacuzzi’s plumbing products business to RBS Global Inc., the parent of Rexnord, have been named as defendants in two purported stockholder class-action lawsuits filed Oct. 13, 2006, in the Chancery Court of the State of Delaware.The lawsuits allege that the

DXP Enterprises, Inc., has acquired Gulf Coast Torch & Regulator, Inc., a full-service distributor of welding supplies in Houston, TX, for $5.5 million and $0.2 million in debt.  The unaudited sales and EBITDA for the acquired business for the nine months ending Sept. 30, 2006 were $13.2 million and $850,000, respectively.  DXP also recently acquired

WESCO International Inc., distributor of electrical MRO products and construction materials, sales were $1,343 million in the third quarter 2006, an increase of 18.7% from the prior-year period. Profit was $59.4 million, versus $25 million last year. Sales for the nine months ended Sept. 30, 2006, were $3,945 million, a 23.9% increase from last year. Sales