March 11, 2008

Kaman to Acquire Industrial Supply Corp.

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

Kaman Corp., Bloomfield, CT, today announced that its subsidiary, Kaman Industrial Technologies Corp., has agreed to acquire Industrial Supply Corp., Richmond, VA. ISC will become part of Kaman’s industrial distribution segment. ISC has annual sales of about $55 million.

Kaman Industrial Technologies had $700 million in sales in 2007.

Kaman is a distributor of power transmission and motion control products in North America. The company operates nearly 200 branches, distribution centers and customer service centers across the U. S., Canada and Mexico.

ISC, founded in 1933, is a distributor of power transmission, fluid power, material handling and industrial MRO supply products to such diverse markets as ship building, printing, machinery, …

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U.S. Foodservice Buys Clark National’s South Bend, IN, Division

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

Rosemont, IL-based U.S. Foodservice, foodservice distributor, has completed its pending transaction with Clark National, Inc. to acquire certain key operating assets of Clark’s South Bend, IN, broadline foodservice distribution business.

U.S. Foodservice plans to service former Clark South Bend customers from the U.S. Foodservice distribution locations in Indianapolis, Indiana and Bensenville, IL.

The decision to divest our South Bend division is consistent with our niche strategy and enables us to focus exclusively on our packaging/jan-san and specialty foodservice businesses across the U.S.,” said Clark’s President and CEO Donald Hindman. South Bend was the company’s only “true broadline house,” he said.

U.S. Foodservice is a full service …

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Building Materials Holding Corp. Sales Fall 29% in 2007

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

San Francisco, CA-based Building Materials Holding Corp., a provider of building materials and construction services to professional residential builders and contractors, reported sales for the fourth quarter 2007 fell 30% to $419 million. For the year, sales decreased 29% to $2.3 billion from $3.2 billion in 2006.

Net loss for the fourth quarter of 2007 was $331.3 million compared with profit of $4.5 million in the same quarter a year ago.

Net loss for the year was $312.7 million compared with profit of $102.1 million in 2006.

Homebuilding market conditions significantly deteriorated during the fourth quarter and continued to impact our operating results,” said Robert E. Mellor, CEO. “New home construction slowed dramatically on a national basis as …

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Park-Ohio Reports 1% Sales Jump in 2007

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

Park-Ohio Holdings Corp., Cleveland, OH, reported sales of $1,071.4 million for 2007, a 1% increase from 2006. The company reported profit of $21.2 million, compared to $24.2 million in 2006.

Park-Ohio reported sales of $247.8 million for fourth quarter 2007, an 8% decrease from the prior-year period. Park-Ohio reported profit of $3.9 million, compared with profit of $10.8 million, for fourth quarter …

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March 11, 2008

Kaman to Acquire Industrial Supply Corp.

U.S. Foodservice Buys Clark National’s South Bend, IN, Division

Building Materials Holding Corp. Sales Fall 29% in 2007

Park-Ohio Reports 1% Sales Jump in 2007

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