2006

Distribution-North America as a result of double-digit sales growth in Corporate Accounts and Tier II relationships. Barnes Group sales year-to-date increased 13 percent to $930.8 million. More …Wesco International Inc., distributor of electrical MRO products and construction materials, sales were $1,343 million in the third quarter 2006, an increase of 18.7 percent from the prior-year […]

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

million and expects 2006 sales to reach $600 million. The company is a national distributor of low-voltage network infrastructure and industrial wire and cable products. It has 32 branches, a sales force of more than 300 associates, and its marketing focuses on Fortune 1000 and large institutional customers in the U.S. The acquisition will close

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

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%

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

Applied Industrial Technologies, Cleveland, OH, first quarter 2007 sales grew 11% to $492.5 million. Net income rose by 25.3% to $21.1 million.   Commenting on the performance, Applied Chairman and CEO David L. Pugh said, “We have had a very good start to what we expect to be another very good year.  A healthy increase

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

Danaher Corporation, Washington, D.C., sales for the third quarter ended Sept. 29, 2006, were $2,443 million, 24% higher than the same period last year. Profit was 17% higher at $268 million. Sales for the first nine months of 2006 were $6,936 million, an increase of 21% over the same period a year ago. Profit for the

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),

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’

Kennametal has selected Hagemeyer North America as a strategic partner to promote the Cle-Line brand of maintenance, repair and operations (MRO) cutting tools in North America. This decision provides customers in every major market in Canada, the U.S. and Mexico with access to the Cle-Line brand.Cle-Line brand cutting tools, which include drills, taps, and dies,

MSC Industrial Direct, Inc., Melville, NY, distributor of MRO supplies to industrial customers in the U.S., reported sales for the fiscal 2006 were $1.32 billion, a 19.8% increase over fiscal 2005. Profit was $136.4 million, an increase of 21.5%. Results are for fiscal year 2006 ended Aug. 26, 2006.Net sales for the fourth quarter were

Reliance Steel & Aluminum Co., Los Angeles, CA, sales for the third quarter ended Sept. 30, 2006, were $1.6 billion, an increase of 87% compared with 2005 third quarter sales of $870.1 million. Net income was $107.5 million, twice the profit of the same period last year.The 2006 third quarter results include Yarde Metals, Inc.

WESCO International Inc., distributor of electrical MRO products and construction materials, sales were $1,343 million in the third quarter 2006, an increase of 18.7% from the prior-year period. Profit was $59.4 million, versus $25 million last year. Sales for the nine months ended Sept. 30, 2006, were $3,945 million, a 23.9% increase from last year. Sales

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

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

Barnes Group Inc., Bristol, CT, sales for the third quarter 2006 were $322 million, up 19% from the same period last year. Profit was up 61% to $18.9 million. For the nine months ended September 30, 2006, Barnes Group’s sales were $930.8 million, up 13%. Net income increased 24% to $55.3 million.  Barnes Distribution sales were

Grainger, Chicago, IL, North American industrial distributor, announced that Court Carruthers, 34, has been named president of its Canadian subsidiary, Acklands-Grainger Inc. Carruthers’ new responsibilities include growing and improving Grainger’s business operations in Canada, which had sales of $428 million USD for the nine months ended Sept. 30, 2006. “We have a tremendous opportunity to improve

Genuine Parts Company, Atlanta, GA, reported sales increased 6% to $2.7 billion for the third quarter ended Sept. 30, 2006. Net income was $121.3 million, an increase of 9% from the same period a year ago.For the nine months ended Sept. 30, 2006, sales totaled $7.9 billion, up 7% compared to the same period in