May 7, 2007 - Modern Distribution Management

May 7, 2007

GE Supply Now Named Gexpro

GE Supply will now be named Gexpro. The name change follows the acquisition of GE Supply by Rexel, Paris-based distributor of electrical supplies. Gexpro, a $2.7 billion unit, will continue to operate as an independent Rexel banner in the U.S.
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The brand will be formally announced May 6, 2007, at the National Association of Electrical Distributors meeting in Washington, D.C.
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Gexpro, Shelton, CT, is a full-line, international distributor of electrical parts, power generation products, voice and data equipment, fasteners and security equipment. In Ireland, the company will continue to do business as Kellihers …

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Kaman Sales Grow 7% in 1Q

Kaman Corp., Bloomfield, CT, reported sales for the first quarter 2007 were up 7% to $317.3 million. Profit was $10.1 million, up 70% from the same period a year ago.
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Kaman attributed the sales gain to improved performance in its Aerospace Segment. Aerospace Segment sales were $93.1 million, up 26.5% from last year.
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Industrial Distribution Segment sales for the first quarter of 2007 were $173.4 million, up 1.7% from the first quarter of 2006.
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Kaman reported the segment experienced a modest sales increase in a less certain economic environment compared to the prior year quarter. Despite the increase in sales, the segment experienced a decrease in operating income because the sales increase was not sufficient to cover increases in normal …

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