May 19, 2008 - Modern Distribution Management

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May 19, 2008

Sonepar USA Buys ESSCO

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

Sonepar USA, Philadelphia PA, a subsidiary of Sonepar, has acquired ESSCO Wholesale Electric in Arizona.
 
ESSCO Wholesale Electric, distributor in Arizona and California, is a full-line commercial and residential contractor supply house. The company is a 14-branch operation.
 
This expansion of our footprint with a well-established company such as ESSCO is a great move for Sonepar USA, and a major opportunity for strengthening our position on the West Coast,”said Sonepar USA President Tony Burr.
 
Sonepar USA will now operate 253 branches in 35 states.
 
Sonepar USA is a member of the Sonepar group. The group has 1,450 branch locations globally and 2007 annual sales of $15.3 …

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Manitowoc Company Ups Bid for Enodis

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

The Manitowoc Company, Inc., Manitowoc, WI, has increased its offer for commercial foodservice equipment maker Enodis to $2.4 billion, including the assumption of Enodis’ net debt of $245 million.
 
In the first week of May, Illinois Tools Works Inc. made an offer of $2.1 billion plus the assumption of debt.
 
Enodis reported revenues of $1.6 billion for fiscal year ended Sept. 30, 2007. The company’s product line includes food equipment mainly for fast food restaurants, institutions and supermarket/grocery stores. Major products include cooking equipment, ice and beverage dispensing equipment, and stand-alone refrigeration as well as refrigerated display …

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Anixter Taps New CEO

Companies, Electrical, Fasteners, Free, Management, News, Strategy, Subscriber Only, Top Distributor Sectors /

Anixter International Inc., Glenview, IL, has appointed Robert J. Eck president and CEO effective with the retirement of Robert W. Grubbs on June 30, 2008. Grubbs has worked for Anixter for 30 years.

Sam Zell, chairman of Anixter, said: With Bob Eck’s 18-year Anixter career that has included diverse and increasing responsibilities, we expect a smooth transition and a continuation of the strategies that have contributed to the company’s …

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