2006

Building Materials Holding Corporation, San Francisco, CA, a provider of construction services and building materials to professional residential builders and contractors, reported sales for the second quarter of 2006 increased 31% to $922 million from $702 million in the same quarter a year ago. For the six months ended June 30, 2006, sales increased 42% […]

Wolseley has agreed to acquire DT Group, a distributor of building materials with operations in Denmark, Finland, Sweden and Norway, from CVC Capital Partners for 1.498 billion euros, or $2.48 billion, including the assumption of net debt. The acquisition will be financed using debt. About 80% of DT Group’s sales are through builders’ merchants to trade professionals,

May 2006 sales of merchant wholesalers, except manufacturers’ sales branches and offices were $325.5 billion, up 1.6 percent from the revised April level and were up 12.1 percent from the May 2005 level. May sales of durable goods increased 2.6 percent from last month and were up 10.9 percent from a year ago. Sales of

Citing high debt levels and rising prices for aluminum and other raw materials, Werner Co., Greenville, PA, and its affiliated companies have filed for Ch. 11 bankruptcy protection.Werner is a global manufacturer and distributor of ladders, climbing equipment and ladder accessories.In papers filed in U.S. Bankruptcy Court in Delaware, Werner reported audited net sales of

of the mind to convert to NetSuite or any other suite, the starting point is your basic data. Your start-up is only as good as that data."   As a smaller distributor, you don't need a host of workers focused on IT. But you do need at least one person (for Knox, it's his daughter,

double Rexel’s revenues in the U.S. consistent with Rexel’s strategy to build a stronger platform here. “That will make us more important to our customers and hopefully to our vendors as well,” Waterman said.GE Supply reported $2.2 billion in pro forma annual sales; Rexel posted $2.5 billion in U.S. sales in 2005. By comparison, WESCO

DXP Enterprises, Inc., Houston, TX, announced a 99.7% increase in net income to $2,950,000 for the second quarter ending June 30, 2006, compared with the same period last year. Sales increased 53.5% to $69.8 million from $45.5 million for the second quarter of 2005. Sales by the businesses acquired in 2005 and 2006 accounted for

Housing StartsPrivately-owned housing starts in June were at a seasonally adjusted annual rate of 1,850,000. This is 5.3% below the revised May estimate, and is 11.0% below the June 2005 rate.Single-family housing starts in June were at a rate of 1,486,000; this is 6.5% below the May figure of 1,590,000. The June rate for units

Rexel consolidated sales for the second quarter of 2006 were 2.105 billion euros, or $2.669 billion, up 13.6%, taking into account acquisitions, divestitures and the favorable impact of exchange rate fluctuations. On a comparable structure, exchange rate and trading day basis, sales were up 13.9% from the same period last year. For the six months of

WESCO International Inc., Pittsburgh, PA, whose primary operating entity is WESCO Distribution, provider of electrical MRO products, construction materials, and advanced integrated supply procurement outsourcing, reported sales for the second quarter ended June 30, 2006, were $1.3 billion compared with $1.06 billion in the same period last year. The increase is partly due to two acquisitions

Watsco Inc., Coconut Grove, FL, distributor of air conditioning and heating products, reported revenues grew 16% to $512 million for the second quarter ended June 30, 2006. Revenues grew 15% on a same-store basis. Net income was up 28% to $28.7 million. For the six months ended June 30, 2006, revenues grew 15% to $906 million,

Barnes Group Inc. sales grew 10% to $308.9 million in the quarter ended June 30, 2006. Profit for the second quarter was $18 million, up slightly from the $17.6 million reported in the same period last year. Sales at Barnes Distribution were $125.5 million in the second quarter of 2006, up 11% from $113.3 million

Reliance Steel & Aluminum Co., Los Angeles, CA, reported sales up 91% and net income up 105% for the second quarter ended June 30, 2006. Sales were $1.56 billion, and profit reached $100.5 million. The steep jump in sales was in large part due to the acquisitive company’s purchase of Earle M. Jorgensen Company on

steep rise of motor vehicle sales. More than three-quarters of the sales of this group are concentrated in that province. Also, this group accounts for more than one-quarter of Ontario’s wholesale activities. Ontario wholesalers have generally posted rising sales since January 2005.Second decrease in wholesale inventories in four monthsInventories declined 0.5% in May. A decrease in inventories

Genuine Parts Company, Atlanta, GA, announced its second-quarter sales totaled $2.7 billion, up 8% from the second quarter of 2005. Profit was $120.7 million, an increase of 9% from the same period in 2005.For the six months ended June 30, 2006, sales totaled $5.2 billion, up 8% from the same period in 2005. Profit for

The Contractor Yard, Inc., Charlotte, NC, a supplier of building materials to professional builders and contractors in the southeastern U.S., acquired Building Materials Wholesale/Retail, Inc., a full-service supplier of drywall and related products. Based in Charlotte, NC, BMW operates five yards in Charlotte, Greensboro, Statesville, Wilmington and Fayetteville. ‘The acquisition of Building Materials Wholesale/Retail enhances

Brooklyn, NY-based Strober Building Supply, a supplier of building materials to professional builders and contractors, has purchased Rowley Building Products and its sister company, construction financing business Builder’s Capital LLC. A millwork and kitchen specialist, Rowley Building Products, Middletown, NY, serves the professional contractor market in and around the Hudson Valley and Westchester regions of

Kennametal Inc., Latrobe, PA, has recently increased its ownership in its Italian and Spanish affiliates. This grows Kennametal’s ownership in Kennametal Italia S.p.A. from 55% to 66% and in Kenci S.A. from 43% to 53%.  Kennametal Italia S.p.A. serves the Italian metalworking market via a service center and operates a manufacturing facility that provides products