July 18, 2007 - Modern Distribution Management

July 18, 2007

SKF Group Sales Grow 11% in 2Q

SKF, Stockholm, Sweden, reported sales grew 11% in the second quarter 2007.
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Sales were strongest in the Industrial Division and Service Division, as well as strong in the Automotive Division. SKF saw better sales growth in Europe, Asia and Latin America than in North America.
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The manufacturer expects stronger demand for its products in the third quarter 2007, especially in Europe and Latin America. Demand is expected to be relatively unchanged in North …

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NESCO Buys Yankee Electric Supply

NESCO, Canton, MA, a full-service electrical distributor serving electrical contractors, national retail accounts, commercial and industrial companies, and institutional accounts, has acquired Yankee Electric Supply.
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Yankee Electric Supply is headquartered in Winooski, VT, with branch locations in Winooski and Morrisville, VT, and in Lebanon and Woodsville, NH. Both Vermont locations also have a Lighting Showroom. Yankee Electric Supply will continue to operate under its name as A Division of NESCO, Needham Electric Supply.
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“For the past year, NESCO has been actively researching opportunities to expand into northern New England,” stated Joseph A. Cincotta, CEO of NESCO.
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NESCO and Yankee together will have 12 locations throughout the New …

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