January 2, 2008

Airgas Acquires Two Distributors

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

Airgas, Inc., Radnor, PA, has acquired Smith Welding Supply &Equipment, Inc. and its affiliated company, Bayer Welding Supply, LLC. Six locations in the Detroit area have been integrated with Airgas Great Lakes, one of the regional companies within Airgas.

Smith and Bayer had combined annual sales of $16 million in calendar year 2006. Its central industrial gas fill plant in Ferndale, MI, supported branches in Wixom, Clinton, Detroit, and Auburn Hills, plus a location in Warren operating as Bayer Welding.

Airgas has also acquired Pacific Diazo Products Inc., Colton, CA, a distributor of aqua ammonia, anhydrous ammonia and related products and services. Pacific Diazo has been integrated into Airgas Specialty Products, a distributor of industrial ammonia …

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Manufacturing Contracts in December

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

Economic activity in the manufacturing sector failed to grow in December following 10 consecutive months of expansion, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.

The news follows the recent trend, which has been toward slower growth. However, December was apparently a very tough month as New Orders, Production and Employment were all below the breakeven mark of 50%.

Industries close to the housing market appear to be struggling more than others, and those involved in exports seem to be doing better. Slower demand appears to be more of a problem than excessive inventories based on the respondents’ comments.

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Avnet Acquires YEL Electronics in Hong Kong

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

Avnet, Inc. has acquired YEL Electronics Hong Kong Ltd. YEL, which was established in 1992, is a distributor of interconnect, passive, electromechanical and limited semiconductor components in the Asia region, representing more than 30 franchised suppliers.

YEL generated US$200 million of revenue in the 12 months ended December 2007 with over 80% from IP&E products. The company serves 2,000 customers in eight countries in Asia-Pacific. The acquisition also expands Avnet Electronics Marketing’s franchised line card with new IP&E suppliers in the region.

Harley Feldberg, president of Avnet Electronics Marketing global, noted that the acquisition is another significant step in Electronics Marketing’s strategy to accelerate growth: The IP&E distribution industry in …

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Construction Spending Up Slightly in November

Building Materials/Construction, Economic Trends, Free, News, Research & Analytics, Subscriber Only, Top Distributor Sectors / MDM Staff

Construction spending during November 2007 was estimated at a seasonally adjusted annual rate of $1,165.1 billion, 0.1 percent above October, according to the U.S. Census Bureau. The November figure is 0.1 percent below the November 2006 estimate.

During the first 11 months of this year, construction spending amounted to $1,076.2 billion, 2.5 percent below the $1,103.9 billion for the same period in 2006.

Private Construction
Spending on private construction was at a seasonally adjusted annual rate of $860.7 billion, 0.7 percent below the revised October estimate.

Residential construction was at a seasonally adjusted annual rate of $484.9 billion in November, 2.5 percent below the revised October estimate. Nonresidential construction was …

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January 2, 2008

Airgas Acquires Two Distributors

Manufacturing Contracts in December

Avnet Acquires YEL Electronics in Hong Kong

Construction Spending Up Slightly in November

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