January 15, 2008

ERIKS Group Expands in Germany

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

The ERIKS group has acquired Schmitztechnik GmbH in Mönchengladbach, Germany.

Schmitztechnik GmbH sells and customizes plastics and rubber components. The company had sales of €5.5 million. Schmitztechnik GmbH serves original equipment manufacturers (OEM) as well as the industrial maintenance market (MRO) in food, pharmaceutical, special mechanical engineering and energy.

The acquisition is in line with ERIKS’ strategy to expand its activities with new products and to enter new markets.

Schmitztechnik GmbH will be integrated into ERIKS Germany. …

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Rexel Changes Leadership in U.S.

Free, News, Subscriber Only / MDM Staff

Rexel, global distributor of electrical supplies, has made Chris Hartmann the CEO of IESC, the holding company of Rexel’s U.S. activities, effective Jan. 21.

He takes over from Dick Waterman, who is retiring but will stay on as an advisor to Rexel and will serve as chairman of the National Association of Electrical Distributors.

Hartmann will oversee the coordination between Gexpro and Rexel Inc, the Group’s two commercial banners in the U.S.

Since 2006, Chris Hartmann has served as executive vice president and Chief Operating Office of Thomas &Betts, a manufacturer of electrical products, and president of the manufacturer’s electrical division from 2003-2006.

He was president &COO of Affiliated Distributors, and held several management …

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Wholesale Prices Up 6.3% in 2007

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

In 2007, wholesale prices moved up 6.3 percent, compared with a 1.1 percent advance in 2006, according to the Bureau of Labor Statistics of the U.S. Department of Labor. The faster rate was attributable to food and energy prices. The index for finiahed energy goods surged 18.4% in 2007, after falling 2 percent a year earlier. Prices for consumer foods jumped 7.4 percent following a 1.7 percent rise in 2006.

Core inflation advanced 2 percent in 2007, the same as in the preceding year.

At the earlier stages of processing, prices received by manufacturers of intermediate goods climbed 6.8 percent in 2007 after moving up 2.8 percent in the prior year, while the crude goods index jumped 20.6 percent following a 4.7-percent decrease in 2006.

Wholesale …

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Thomas & Betts to Divest Plastic Pipes Business

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

Thomas &Betts Corp., Memphis, TN, has decided to sell the plastic pipe business acquired with the company’s recent purchase of Lamson &Sessions Co.

The company will sell the business, which includes polyvinyl chloride (PVC) and high-density polyethylene (HDPE) conduit, duct and pressure pipe used in construction, industrial, municipal, utility and telecommunications markets sold under the Ameriduct, Pyramid, Lamson Vylon and other brand names. The products generated $230 million in sales for the 12-month period ended Sept. 30, 2007. The operations are headquartered in Cleveland, Ohio.

Thomas &Betts Corporation is a manufacturer of electrical components used in construction, industrial and utility markets. The company is also a producer of commercial heating and …

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January 15, 2008

ERIKS Group Expands in Germany

Rexel Changes Leadership in U.S.

Wholesale Prices Up 6.3% in 2007

Thomas & Betts to Divest Plastic Pipes Business

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