October 20, 2007

Making the Case for Industrial Distribution

Free, Human Resources in Wholesale Distribution, Operations, Power Transmission/Motion Control/Fluid Power, Subscriber Only, Top Distributor Sectors / Lindsay Young

MDM spent the past couple of days at the annual Power Transmission Distributors Association Industry Summit. The summit drew more than 800 participants.
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A few takeaways on the association level:

The PTDA is a leader in the Industrial Careers Pathway initiative, focused primarily on the recruitment of students into industrial distribution programs (and then into industrial distribution careers). As the initiative’s executive director says: “We’re good at talking to each other about problems in recruiting in our industry, but we’re not so good at making a case for our industry to those not in ‘our world.’” The initiative has dozens of …

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DXP Enterprises Acquires Indian Fire & Safety

Companies, Power Transmission/Motion Control/Fluid Power, Safety Products, Subscriber Only, Top Distributor Sectors / MDM Staff

DXP Enterprises, Inc., Houston, TX, has acquired Indian Fire & Safety, Hobbs, NM, a business that provides safety consulting and training services, as well as sells safety equipment and rents oilfield equipment.
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DXP paid $12 million for the business. The unaudited sales and estimated EBITDA for the acquired business for the 12 months ending Sept. 30, 2007, were $9.2 million and $3 million, respectively.
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The acquisition strengthens DXP in New Mexico and Texas and complements its growing safety business.
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DXP is a distributor of pumps, bearings, power transmission, seals, hose, safety, fluid power, electrical and industrial supplies. It recently purchased Precision Industries, nearly doubling its annual sales to more than $500 …

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Eaton Buys Babco Electric Group

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

Diversified industrial manufacturer Eaton Corporation, Cleveland, OH, has acquired Babco Electric Group, Alberta, Canada.
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Babco Electric Group is a manufacturer of specialty low- and medium-voltage switchgear and electrical housings for use in the Canadian oil and gas industry and other harsh environments. Babco Electric Group had sales of $11 million in the fiscal year ended April 30, 2007.
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The acquisition of Babco provides access to established distribution channels and customers in Canada with a strong focus on the oil sands market, as well as increased engineering and production capabilities,” said Randy W. Carson, Eaton senior vice president and president& ndash; Electrical Group.
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Eaton Corporation is a diversified industrial …

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October 20, 2007

Making the Case for Industrial Distribution

DXP Enterprises Acquires Indian Fire & Safety

Eaton Buys Babco Electric Group

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