June 9, 2008 - Modern Distribution Management

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June 9, 2008

Acklands-Grainger Acquires Excel Industriel

Companies, Facilities Maintenance (MRO), Finance, Free, Mergers & Acquisitions, News, Subscriber Only, Top Distributor Sectors /

Grainger’s Canadian subsidiary Acklands-Grainger Inc. has acquired Excel Industriel, Granby, Quebec. Excel is a business-to-business broad line distributor of maintenance, repair and operating (MRO) supplies.
 
The company expects an incremental sales contribution of $11 million from the acquisition over the next 12 months. The two existing Acklands-Grainger and Excel branches in Granby will be merged.
 
W.W. Grainger, Inc., with 2007 sales of $6.4 billion, is a broad line supplier of facilities maintenance products serving businesses and institutions in Canada, Mexico and the U.S., with a growing presence in Shanghai, …

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April Machine Tool Consumption Down 27.6% from March

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

April U.S. manufacturing technology consumption totaled $396.47 million, according to the Association for Manufacturing Technology and the American Machine Tool Distributors’Association. This total, as reported by companies participating in the USMTC program, was down 27.6% from March, but up 29.2% from the total of $306.86 million reported for April 2007. With a year-to-date total of $1,587.27 million, 2008 is up 19.9% compared with 2007.

These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTC program.

The demand for manufacturing equipment continues to be healthy, with year-to-year growth of nearly 30% since April 2007,”said John B. Byrd III, AMT president. “Export demand for U.S. …

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RBC Bearings Buys Precision Industrial Components

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

RBC Bearings Inc., Oxford, CT, international manufacturer of highly-engineered precision plain, roller and ball bearings for the industrial, defense and aerospace industries, has acquired Precision Industrial Components LLC (PIC Design), Middlebury, CT, for $6.6 million in cash and assumption of debt.
 
PIC Design is a manufacturer and supplier of tight-tolerance, precision mechanical components for use in the motion control industry. PIC Design has over 20,000 active customers and generated revenues of $10 million for the year ended Dec. 31, 2007.
 
RBC Bearings operates 22 manufacturing facilities in four …

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