April 8, 2008 - Modern Distribution Management

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April 8, 2008

MSC Industrial Sales Up 8.4% in First Half

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

MSC Industrial Direct Inc., Melville, NY, distributor of Metalworking and Maintenance, Repair and Operations supplies to industrial customers, reported sales in the second quarter 2008 ended March 1 were up 7.9% to $436.5 million. Profit was $47.5 million, an increase of 17.2%.
 
Sales in the first half 2008 were up 8.4% to $874 million from the same period a year ago. Profit increased 16.7% to $94.3 million. …

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84 Lumber Closes 30 More Stores

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

84 Lumber Co., Eighty Four, PA, has closed another 30 stores throughout the U.S. Closed stores operations will be consolidated into other 84 Lumber locations.

The company now has 368 stores and 13 component manufacturing facilities in 37 states.
 
The move was attributed to the state of the new home construction market. …

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McKesson to Buy McQueary for $190M

Finance, Free, Mergers & Acquisitions, News, Pharmaceutical & Health Care, Subscriber Only, Top Distributor Sectors /

San Francisco, CA-based McKesson Corp. has agreed to buy McQueary Brothers Drug Company, a Springfield, MO-based regional distributor of pharmaceutical, health, and beauty products to more than 400 independent and regional chain pharmacies in Missouri, Arkansas, Illinois, Kansas, Oklahoma, Nebraska and Iowa.
 
The acquisition expands McKesson’s distribution footprint in the Midwestern U.S. and continues momentum in the independent pharmacy segment. The purchase price is $190 million.
 
McQueary Brothers will be integrated into McKesson’s U.S. Pharmaceutical business, which is reported in the McKesson Distribution Solutions segment. …

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