2006 - Page 15 of 31 - Modern Distribution Management

2006

White Cap, an HD Supply Company, Acquires Texas Contractors Supply

White Cap Construction Supply, a business of Home Depot Supply, has signed an agreement to acquire Texas Contractors Supply. Texas Contractors Supply is a distributor of forming, concrete accessories, tilt-wall and power tools.  Established in 1933, the company has longstanding relationships with Texas contractors and the Department of Transportation. The company operates five distribution centers

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Steel Service Center Esmark Makes 10th Acquisition

Growing steel service center group Esmark Incorporated, Chicago, IL, has acquired Cleveland, OH-based Independent Steel Company, a privately held processor and distributor of value-added steel products, for $21 million in cash. The acquisition is Esmark’s 10th since it was founded in 2003.Esmark Chairman and CEO James P. Bouchard said, “The acquisition of Independent Steel demonstrates Esmark’s commitment

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Builders FirstSource: 3.8% Growth in 2Q

Builders FirstSource, Inc., Dallas, TX, supplier and manufacturer of structural and related building products for residential new construction, reported sales grew 3.8% in the second quarter to $642.4 million. Net income was $28.4 million compared with $20.2 million the same period last year. Adjusting for items related to the company’s IPO, net income was $23

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Infor Acquires Two More Software Companies

Infor, Atlanta, GA, software provider and portfolio company of Golden Gate Capital, has closed three acquisitions. In addition to closing the previously announced acquisition of SSA Global on July 28, 2006, Infor has acquired Extensity, a financial performance management software company, and Systems Union Group, a UK-based provider of financial and performance management solutions including

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Lone Star Fasteners Breaks Into European Market

Lone Star Fasteners, Houston, TX, has acquired UK-based Grange Gaskets and Grange Precision Engineering (Grange). Grange will become a new division of Lone Star Fasteners, known as Lone Star-Grange.  Established in 1948 by George Grange, Grange is based in West Yorkshire, UK, and manufactures industrial gaskets and precision engineered parts that are sold to the

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Barnes Group Inc. Acquires KENT for $41M

Barnes Group Inc., Bristol, CT, has acquired the KENT Division (KENT) from Premier Farnell, for approximately $41 million. KENT distributes adhesives, sealants, specialty cleaning chemicals, abrasives, tools and other consumables to the European transportation aftermarket and industrial maintenance market. The KENT business will be integrated into Barnes Group Inc.’s Barnes Distribution business. KENT complements Barnes

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Industrial Distribution Group Reports 2.8% Sales Jump in 2Q

Industrial Distribution Group Inc. reported a 2.8% increase in sales for the second quarter ended June 30, 2006, compared with the same period last year. That figure excludes the company’s Cardinal Machinery business unit, which was sold in the third quarter 2005. IDG’s net earnings for the second quarter were $1.5 million, down from the $1.6

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Timken Co. Reports 5% Increase in 2Q Sales

The Timken Company, Canton, OH, reported sales of $1.39 billion in the second quarter, up 5% from the same period a year ago. Second quarter net income increased 11% to $74.7 million up from $67.3 million in the second quarter a year ago.“This quarter’s results reflect good progress towards fundamentally improving financial performance,” said James

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Praxair Sales Rise 8% in 2Q

Praxair, Inc., Danbury, CT, announced second-quarter sales of $2,076 million, up 8% from the same period last year. Net income was $247 million, up 22%.“While some macro-economic indicators point to a slowdown, we have not seen any significant decline in demand from our customers,” said Dennis H. Reilley, chairman and CEO.In North America, second-quarter sales

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MDM News Digest 3614

More …Two subsidiaries of massive building materials supplier Pro-Build Holdings have announced acquisitions. Brooklyn, NY-based Strober Building Supply has purchased millwork and kitchen specialist Rowley Building Products, Middleton, NY, and its sister company, construction financing business Builder’s Capital LLC. The Contractor Yard, Charlotte, NC, acquired Building Materials Wholesale/Retail Inc., a supplier of drywall and related

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