April 2, 2008 - Modern Distribution Management

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April 2, 2008

ProBuild Acquires Khempco Building Supply

Building Materials/Construction, Companies, Finance, Free, Mergers & Acquisitions, News, Subscriber Only, Top Distributor Sectors /

Denver, CO-based ProBuild Holdings, supplier of building materials to professional contractors, has purchased Columbus, OH-based Khempco Building Supply. Khempco is comprised of a lumberyard and truss facility in Delaware, OH, a truss plant in Dry Ridge, KY and a commercial door facility in Columbus, OH.

Dale Kukowski, president ProBuild North Region, said: The addition of Khempco fortifies ProBuild’s position in the Ohio market while strengthening our manufacturing and installed sales capability. Khempco’s trading area complements ProBuild’s existing coverage, allowing our customers to benefit from the availability of additional products and services Khempco has to offer.”
 
ProBuild currently operates more than 560 lumber and building product distribution, …

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HD Supply CEO: No More Divestments

Companies, Finance, Free, Mergers & Acquisitions, Subscriber Only /

In an interview last week with MDM, HD Supply CEO Joe DeAngelo spoke on his vision for HD Supply, post-Home Depot.
 
Speaking with DeAngelo, I came away with the feeling that HD Supply was back (if it was ever really gone) and ready to move forward as a more focused organization after the turmoil of last year: We woke up in the first part of ’07 and found out we’re for sale mid-February, and so we go with the flow with that and then find out when we’re just about sold that there is a liquidity crisis, and the deal is going back and forth. And then on top of that is a major residential downturn to contend with,” DeAngelo said.
 
Moving forward, DeAngelo told MDM that the company is finished selling off pieces of the business -“I’ll be very clear: We have no plans …

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Acument Buys Saturn Fasteners

Fasteners, Finance, Free, Mergers & Acquisitions, News, Subscriber Only, Top Distributor Sectors /

Acument Global Technologies, Inc. Troy, MI, has acquired Saturn Fasteners, Inc., Burbank, CA, to strengthen its capabilities in the aerospace threaded fastener market.
 
Saturn Fasteners sells through including aerospace fastening distributors, and to original equipment manufacturers, and their suppliers.
 
Acument Global Technologies, Inc., is a supplier of mechanical fastening systems and fastening solutions, including engineered fastening systems, fastening installation technology, and inventory management and application engineering services. With about 8,500 employees in 17 countries worldwide, the company supplies fastening products, systems and services to customers in more than 150 …

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