November 2, 2007

HD Supply Taps New White Cap Chief

Building Materials/Construction, Companies, Free, News, Subscriber Only, Top Distributor Sectors / MDM Staff

HD Supply, Atlanta, GA, diversified wholesale distributor of construction and maintenance products, has tapped Tom Lazzaro, president of HD Supply’s Interiors business (CTI), as president of the Construction Supply business (HD Supply White Cap) while continuing to serve in his current role.&nbsp ;
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Brian Etter, president of HD Supply White Cap, is leaving the company to become the CEO of an international motor sports company.
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Lazzaro joined HD Supply in August 2006.
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HD Supply is a wholesale distribution company focused on serving professional customers in the infrastructure, construction, maintenance, repair and remodel markets. HD Supply has nearly 1,000 …

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Barnes Distribution Organic Sales Fall 1% in 3Q

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

Barnes Group Inc., Bristol, CT, aerospace and industrial components manufacturer and distributor, reported third quarter 2007 sales of $360.4 million, an increase of 11.9%.
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The sales increase reflected $25.4 million of organic sales growth primarily at Barnes Aerospace. Acquisition-related growth contributed $6.8 million due to the KENT acquisition within Barnes Distribution. Foreign currency translation favorably impacted sales by approximately $6.2 million in 2007.
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Profit was $27.7 million, up 46.7% from the prior-year period.
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Barnes Aerospace
Barnes Aerospace generated sales of $103.2 million in the third quarter 2007, an increase of 33.6%. The third quarter 2007 sales increase reflects growth of 36.3% in aftermarket sales. …

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Hagemeyer Expands in Latvia

Companies, Free, News, Subscriber Only / MDM Staff

Hagemeyer NV has acquired SIA Kolorits, an electrical distributor based in Riga, Latvia. The acquisition was made through its Finnish subsidiary Elektroskandia Oy, and doubles the company’s revenues in the country.
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Kolorits has annual revenues of more than & euro; 10 million and is active in the Construction and Installation market. The company has over 80 employees and a branch network covering the major Latvian cities. …

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RBC Bearings 2Q Sales Up 6.8%

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

RBC Bearings Inc., Oxford, CT, manufacturer of highly-engineered precision plain, roller and ball bearings for the industrial, defense and aerospace industries, reported sales for its second quarter 2008 were $78.2 million, an increase of 6.8% from the same period a year ago.

Profit was $8.7 million up from $7.4 million in the same period a year ago.

Sales for the six-month period ended Sept. 29, 2007, were $158.1 million, an increase of 6.4% from the six-month period in 2006.

Profit for the six-month period was $18.6 million compared with $12.4 million for the same period last year.

Over the next 30 months, the Company plans to invest up to $30 million in equipment to expand its operations to produce large diameter anti-friction bearings for the oil, …

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Katy Industries to Sell Electrical Products Group

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

Katy Industries, Inc., Arlington, VA, has agreed to sell its Electrical Products Group, comprised of Woods Industries Inc. and Woods Industries (Canada) Inc., to Coleman Cable Inc. for $45 million.
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The Group designs and distributes consumer electrical corded products and electrical accessories that are sold to national home improvement and mass merchant retailers. The operations are in Indianapolis, IN, and Toronto, Ontario.
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This transaction will move Katy to a single-business model which will allow the organization to further focus its resources on our core business, Continental Commercial Products, which services the janitorial/sanitary and food service markets,” said Anthony T. Castor III, president and CEO of Katy Industries.
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After the sale …

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Canadian Wholesale Revenues Fall 2% in August

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

Source: Statistics Canada
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Weaker sales of automotive products and machinery and electronic equipment pushed wholesale sales substantially lower in August, bringing to an end a string of three straight monthly increases.

Wholesale sales fell&nbsp ; 2.0% to an estimated&nbsp ; $43.2&nbsp ; billion in August. The decline completely offset the gains of&nbsp ; 1.8% in July and&nbsp ; 0.3% in June.

Around half of the decline in August was due to weaker sales of automotive products (-5.3%), more than offsetting last month’s gain (+3.5%). The machinery and electronic equipment sector also had a slow month as sales fell&nbsp ; 4.2%, but this followed three months of strong gains. The other notable decline came in the building materials sector (-2.2%), …

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Wood Flooring Distributor Hoboken Closes Doors

Building Materials/Construction, Free, News, Subscriber Only, Top Distributor Sectors / MDM Staff

The largest wood flooring distributor in the U.S., Hoboken Wood Flooring LLC, Wayne, NJ, has shut its doors, according to news reports.

According to a report this week from local paper The Record, sales had fallen about 25% each month for the past year -the distributor’s commercial business development manager attributed the losses to the housing downturn, competition from manufacturers going direct, the company’s push to expand nationally and potentially even go public.

The next step for Hoboken is to file for bankruptcy, though no officials from Hoboken have said whether they would do so. The distributor is already facing a lawsuit from two wood flooring manufacturers, Columbia Flooring Inc., and Millwood Specialty Flooring Inc., filed in New Jersey …

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November 2, 2007

HD Supply Taps New White Cap Chief

Barnes Distribution Organic Sales Fall 1% in 3Q

Hagemeyer Expands in Latvia

RBC Bearings 2Q Sales Up 6.8%

Katy Industries to Sell Electrical Products Group

Canadian Wholesale Revenues Fall 2% in August

Wood Flooring Distributor Hoboken Closes Doors

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