October 2006 - Page 2 of 4 - Modern Distribution Management

October 2006

Airgas 2Q Sales Up 13%

Airgas, Inc., Radnor, PA, U.S. distributor of industrial, medical, and specialty gases, welding, safety, and related products, reported second-quarter sales of $791 million, up 13% over the previous year. Total same-store sales were up 11%, with hardgoods up 10% and gas and rent up 11%, reflecting pricing and solid demand in industrial production, energy and

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MDM Interview: Cross-Border Collaboration

What are the obstacles in getting more distributors involved?HL: The size of distributors is an issue along with language problems. Countries like Switzerland and Belgium have several official languages the association cannot afford to be multilingual. And multilingual means accommodating more than just three different languages.MDM: What about Eastern European distributors’ involvement is this important

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Consolidation Fever Continues

Hellman & Friedman, LLC and Thoma Cressey Capital Partners, LLC purchased Activant Solutions, which provides vertical business management software and owns Prophet 21, software focused on distribution. Singer Equities, a firm active in the rubber business, bought out Maine-based PRC Industrial Supply, a distributor of rubber, hose and accessories. Heritage Partners recently invested in electrical

Consolidation Fever Continues Read More »

Manufacturing Growth May Moderate

similar to last year, dropping to 70 percent in September 2006 from 72 percent in September 2005. Although the composite index and several individual indexes point to slower growth, several indexes’notably exports and capacity utilization’rose,” said Daniel J. Meckstroth, Ph.D., Manufacturers Alliance/MAPI chief economist. “Further, all of the indexes remain well above the 50 percent

Manufacturing Growth May Moderate Read More »

Snap-on to Acquire ProQuest Business Solutions for $450M

Snap-on Inc., Kenosha, WI, manufacturer of tools, diagnostics and equipment for professional users, has agreed to acquire ProQuest Business Solutions from ProQuest Company for about $480 million in cash plus $19 million of debt.ProQuest Business Solutions’ products are aimed at helping original equipment manufacturers (OEMs) and their dealers enhance service operations. ProQuest Business Solutions’ products

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Building Materials Holding Corp. Hit by Housing Slowdown

Building Materials Holding Corporation, San Francisco, CA, provider of construction services and building materials to professional residential builders and contractors, today reported sales for the third quarter of 2006 increased 1% to $831 million from $820 million in the same quarter a year ago. For the nine months ended Sept. 30, 2006, sales increased 26%

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Schneider Electric Grows 9.9% in 3Q

Schneider Electric sales for the third quarter of 2006 totaled 3,480 million ($4,373 million), up 15.3% on a current structure and exchange rate basis from the year-earlier period. Acquisitions (primarily Juno Lighting, BEI Technologies, Merten and Clipsal Asia) contributed a 216 million ($271 million), or 7.1% of growth for the period.   Schneider Electric benefited

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Rockwell Automation Sales Grow 11% in 2006

Rockwell Automation, Inc., Milwaukee, WI, provider of industrial automation power, control and information solutions, reported sales for fiscal 2006 were $5,561.4 million, up 11% compared to 2005. Profit was $607 million, compared with $540 million in 2005.   Fourth-quarter sales were $1,453.7 million, up 9% compared to the same period last year. Profit was $165.8

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Canadian Wholesale Revenues Rise 0.5% in August

Canada, remain robust.The only decline in the personal and household goods sector came in the apparel trade group, where sales fell 4.8% after rising 1.6% in July. While August is normally a very strong month for clothing and footwear wholesalers (this is the time when retailers are gearing up for the traditional “back to school” shopping period),

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Myers Industries to Sell European Material Handling Group

Myers Industries, Inc., Akron, OH, has agreed to sell its European Material Handling Group to the UK-based LINPAC Materials Handling (LMH). Myers Industries European Material Handling Group is comprised of the Allibert-Buckhorn and raaco brands, which are manufacturers of returnable plastic containers, pallets, and storage systems used across many industries. John C. Orr, Myers Industries’

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Jacuzzi Stockholders Sue Over Proposed Rexnord Merger

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

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DXP Enterprises Acquires Texas Welding Supplier

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

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