Industrial distributor Grainger, Chicago, IL, announced its Lab Safety Supply subsidiary has agreed to acquire Professional Inspection Equipment Inc. and Construction Book Express Inc, both companies operating from the same address in Hauppage, NY. The businesses are direct marketers of tools, instruments and reference materials to the $2.5 billion building and home inspection market. “Our strategy […]
Grainger Subsidiary to Buy Two Catalogs Read More »
Strategic Distribution, Inc., Bristol, PA, distributor of MRO products, reported revenues of $46.2 million for the third quarter 2006 compared with $37.5 million for the third quarter of 2005. Strategic attributed the rise to $6.8 million of growth within the existing customer base and $1.9 million from new customers. The company reported net income of $0.2
Strategic Distribution Reports 24% in 3Q Revenues Read More »
Strategic Distribution, Inc., Bristol, PA, announced that the special committee of its board of directors has received a letter from William R. Berkley, chairman of the board of the company, that an entity he controls, Interlaken Capital Inc., proposes to acquire Strategic Distribution for $8.30 per share in cash. Berkley owns about 22.5% of the company’s
Strategic Distribution Considers Proposal to Go Private Read More »
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