October 30, 2006

Sterling Construction Company, Inc., Houston, TX, has sold its Pittsburgh, PA-based distribution business, Steel City Products, to The Bostwick-Braun Company of Toledo, OH, a privately-owned distributor of hardware and related items. The selling price is estimated at $5.1 million plus Steel City Product’s liabilities.The sale is part of Sterling’s focus on its core businesses. The […]

The Timken Company, Canton, OH, announced plans to build a new bearing manufacturing facility in India. The plant, in Chennai in the southern state of Tamil Nadu, will produce antifriction bearings for global markets. Timken’s new facility will be built in one of India’s new Special Economic Zones (SEZs), which provide a range of tax benefits,

Schneider Electric has agreed to acquire American Power Conversion for $6.1 billion in cash. APC and its subsidiary MGE UPS Systems are suppliers in the critical power market, which, according to Schneider, is enjoying fast and sustainable long-term growth. “This growth is driven by the need for power supply continuity in an increasing number of critical

ERIKS group nv has agreed to buy WYKO holdings Limited, based near Birmingham, Great Britain. WYKO is a distributor of power transmission, sealing technology, fluid power and maintenance products, mainly in Great Britain, with expected sales of 240 million GBP, or US$456 million, this year. WYKO has a market share of about 10-15% in Great Britain.

Hardware distributor Orgill, Inc., Memphis, TN, will begin construction on its sixth distribution center during the second quarter of 2007. While a site for the new distribution center has not yet been finalized, the facility will serve Orgill’s customers in Texas, Oklahoma, Louisiana and Southern Arkansas. ‘Our business in this region, as well as the

Builders FirstSource, Inc., Dallas, TX, a supplier and manufacturer of structural and related building products for residential new construction, reported third-quarter sales declined 11.5% to $569.9 million, and profit was $17.3 million, down from $27.8 million in the same period last year.  ‘Our third quarter results reflect the current challenges facing the homebuilding industry as

Huttig Building Products Inc., St. Louis, MO, distributor of millwork, building materials and wood products, reported sales declined 3% in the third quarter 2006 to $294.2 million.Sales to national accounts represented 33.5% of sales in the third quarter of 2006, as compared to 31.7% in the same period in 2005. Building products and engineered wood