September 2007

3M Agrees to Buy Venture Tape

Chemicals & Plastics Distribution, Companies, Finance, Free, Mergers & Acquisitions, News, Subscriber Only, Top Distributor Sectors / MDM Staff

3M, St. Paul, MN, has agreed to acquire Venture Tape Corp., a supplier of pressure sensitive adhesive tapes based in Rockland, MA.
&nbsp ;
Venture Tape manufactures tapes used in construction, oil and gas, heating, ventilation and air conditioning (HVAC), electronics, aerospace, marine and appliance markets. It also provides specialty industrial tapes complementary to 3M’s specialty tape product line used in splicing, automotive and automotive aftermarket applications.
&nbsp ;
This acquisition broadens our pressure sensitive adhesive tape platform, brings new channels to 3M, and allows us to expand into adjacent markets such as construction,” said Patrick Deconinck, division vice president, 3M Industrial Adhesives and Tapes Division.
&nbsp ;
Venture Tape employs …

To access this page, you must purchase MDM Premium Subscription, MDM Premium Subscription – Monthly or MDM Premium Subscription – Annually.

3M Agrees to Buy Venture Tape Read More »

NAW Takes Legal Action in Product Liability Case

Free, Legal Issues in Wholesale Distribution, News, Operations, Subscriber Only / MDM Staff

The National Association of Wholesaler-Distributors is one of nine organizations that joined in filing an amicus curiae ( friend of the court ) brief in the Supreme Court of Ohio in a case focused on the retroactive application of the doctrine of strict liability in product liability actions brought against non-manufacturer product sellers, including wholesalers, distributors and retailers.
&nbsp ;
Strict liability is based on the condition of a manufacturer’s product rather than the conduct of the defendant.
&nbsp ;
According to NAW President Dirk Van Dongen, the association views DiCenzo as a “major, even seminal case that carries with it profound legal and economic ramifications for wholesaler-distributors in Ohio and across the nation.”
&nbsp ;
In their brief, …

To access this page, you must purchase MDM Premium Subscription, MDM Premium Subscription – Monthly or MDM Premium Subscription – Annually.

NAW Takes Legal Action in Product Liability Case Read More »

Ingersoll-Rand to Buy Italian Manufacturer

Free, News, Subscriber Only, Top Distributor Sectors / MDM Staff

Ingersoll-Rand Company Limited has agreed to buy privately owned Officine Meccaniche Industriali srl, a European supplier of compressed-air treatment equipment.

OMI develops and manufactures compressed-air treatment products, including air dryers, filters, chillers, and system controllers. OMI is based in northeast Italy in Fogliano Redipuglia, Gorizia Province, and has an additional facility in Logatec, Slovenia.

The acquisition of OMI reflects our intention to build upon one of our core business platforms relating to industrial productivity,” said Herbert L. Henkel, CEO for Ingersoll Rand.

Upon completion of the acquisition, scheduled for late September 2007, OMI will operate as part of the Air Solutions business of Ingersoll Rand’s Industrial …

To access this page, you must purchase MDM Premium Subscription, MDM Premium Subscription – Monthly or MDM Premium Subscription – Annually.

Ingersoll-Rand to Buy Italian Manufacturer Read More »

Edgen Murray Adds Valves to Lineup

Free, News, Subscriber Only, Top Distributor Sectors / MDM Staff

Edgen Murray Corporation, Baton Rouge, LA, the U.S. subsidiary of Edgen Murray II, L.P., has acquired Equipment Valve & Supply, Inc.
&nbsp ;
Equipment Valve, from its locations in Houston, TX, and Broussard, LA, is a distributor of specialized valves and actuation packages to the oil and gas exploration and production, natural gas transmission, petrochemical, processing, and industrial market segments.
&nbsp ;
Equipment Valve’s products, which are used to control, direct, and measure the flow of oil and gas, are complimentary to our existing product offering. The addition of valves to our global distribution infrastructure further strengthens our commitment to our customers to provide them with a comprehensive specialty supply solution,” said Dan O’Leary, CEO of Edgen …

To access this page, you must purchase MDM Premium Subscription, MDM Premium Subscription – Monthly or MDM Premium Subscription – Annually.

Edgen Murray Adds Valves to Lineup Read More »

Singer Equities Completes Acquisition of National Hose

Finance, Free, Mergers & Acquisitions, News, Power Transmission/Motion Control/Fluid Power, Subscriber Only, Top Distributor Sectors / MDM Staff

Singer Equities has completed its purchase of National Hose & Accessory based in Houston, TX.&nbsp ;

Mike Deem, the former owner of the company, will continue to manage the day-to-day operations as a standalone business.
&nbsp ;
Singer Equities is a private equity firm focusing its investments towards distributorships in the industrial rubber products industry. The other companies in the group include Hampton Rubber Company, Allied Rubber & Supply, RW Connection, Inc., Advance Fluid Connectors, and PRC Industrial …

To access this page, you must purchase MDM Premium Subscription, MDM Premium Subscription – Monthly or MDM Premium Subscription – Annually.

Singer Equities Completes Acquisition of National Hose Read More »

Fairmont Supply Company Buys Brite Star Sales

Free, HVACR, News, Plumbing Products & PVF Distribution, Subscriber Only, Top Distributor Sectors / MDM Staff

Fairmont Supply Company, Canonsburg, PA, a national full-line distributor of industrial maintenance, repair and operating supplies has announced the acquisition of Brite Stars Sales, Elko, NV.
&nbsp ;
Brite Stars Sales, an industrial distributor serving the northern Nevada industrial and mining market, specializes in automotive and filtration products sold primarily to the gold mining customers in Nevada. Brite Star Sales has an additional location in Round Mountain, NV.
&nbsp ;
Gary Heit, who started the company in 1984, will join Fairmont Supply as a consultant, developing business opportunities in Nevada.
&nbsp ;
This acquisition is consistent with our growth strategy to enter key markets throughout the U.S. Brite Stars Sales is an outstanding organization and is …

To access this page, you must purchase MDM Premium Subscription, MDM Premium Subscription – Monthly or MDM Premium Subscription – Annually.

Fairmont Supply Company Buys Brite Star Sales Read More »

Labor Productivity Up 4.3% in 2006 in Wholesale Trade

Economic Trends, Free, News, Research & Analytics, Subscriber Only / MDM Staff

Labor productivity -defined as output per hour -increased 4.3% in wholesale trade in 2006, according to the U.S. Bureau of Labor Statistics.
&nbsp ;
From 1987 to 2006, labor productivity increased at the following average annual rate: 3.5% in wholesale trade.
&nbsp ; &nbsp ; &nbsp ; &nbsp ; &nbsp ; &nbsp ; &nbsp ; &nbsp ; &nbsp ; &nbsp ; &nbsp ; &nbsp ; &nbsp ; &nbsp ; &nbsp ;
2005-2006 Change in Wholesale Trade
Output per hour grew 4.3%, as output increased 6.6% and hours advanced 2.2%.&nbsp ; Labor productivity rose 5.1% in durable merchant wholesalers (NAICS 423) and increased 2.7% in nondurable merchant wholesalers (NAICS 424).
&nbsp ;
Labor productivity rose in 15 of the 19 detailed wholesale trade industries in 2006, as output …

To access this page, you must purchase MDM Premium Subscription, MDM Premium Subscription – Monthly or MDM Premium Subscription – Annually.

Labor Productivity Up 4.3% in 2006 in Wholesale Trade Read More »

Regal Beloit Buys HVAC Supplier Jakel Inc.

Finance, Free, Mergers & Acquisitions, News, Subscriber Only, Top Distributor Sectors / MDM Staff

Regal Beloit Corporation, Beloit, WI, has acquired Jakel Inc. and completed the announced $220 million acquisition of the FASCO Residential/Commercial and FASCO Asia/Pacific operations from Tecumseh Products.
&nbsp ;
Both of the acquired businesses manufacture and market motors and blower systems for air-moving applications including alternative fuels systems, water heaters, HVAC systems and other commercial segments. The two independent businesses will be combined and operate as a single unit as part of the Company’s Electrical Segment.
&nbsp ;
The acquired businesses are anticipated to add approximately $355 million in sales to 2008.
&nbsp ;
The six facilities included with the acquisitions are FASCO’S manufacturing and distribution facilities in Eldon and …

To access this page, you must purchase MDM Premium Subscription, MDM Premium Subscription – Monthly or MDM Premium Subscription – Annually.

Regal Beloit Buys HVAC Supplier Jakel Inc. Read More »

ISM: Manufacturing Expands in August

Economic Trends, Free, News, Research & Analytics, Subscriber Only / MDM Staff

Economic activity in the manufacturing sector expanded in August, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.
&nbsp ;
Viewed from the manufacturing sector, the overall economy continues to grow at a significant rate, according to ISM. In comparing August to July, the rate of growth in manufacturing was slightly less but expansion continues, although at the slowest pace in the past five months.
&nbsp ;
Both the New Orders Index and the Production Index are encouraging for continuing growth as we head toward the fourth quarter of 2007, ISM reports.
&nbsp ;
See details

To access this page, you must purchase MDM Premium Subscription, MDM Premium Subscription – Monthly or MDM Premium Subscription – Annually.

ISM: Manufacturing Expands in August Read More »

September 2007

3M Agrees to Buy Venture Tape

NAW Takes Legal Action in Product Liability Case

Ingersoll-Rand to Buy Italian Manufacturer

Edgen Murray Adds Valves to Lineup

Singer Equities Completes Acquisition of National Hose

Fairmont Supply Company Buys Brite Star Sales

Labor Productivity Up 4.3% in 2006 in Wholesale Trade

Regal Beloit Buys HVAC Supplier Jakel Inc.

ISM: Manufacturing Expands in August

Register for full access

Learn More about Custom Reports

Request a Market Prospector Demo

Get the MDM Update Newsletter