September 2, 2008

Precision Castparts Agrees to Buy Airdrome Holdings

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

Precision Castparts Corp., Portland, OR, has agreed to acquire Airdrome Holdings, LLC, which consists of Airdrome Precision Components and AF Aerospace Ltd.

APC, Long Beach, CA, is a supplier of hydraulic and pneumatic fluid fittings for airframe applications. AFA, Rugby, England, manufactures machined components for aerospace applications, including fittings and other fluid conveyance products, ultra-high tensile bolts, and machined details. Fluid fittings, manufactured in nickel, titanium, and stainless steel alloys, are the connectors for hoses transporting fuel, hydraulic fluid, and pneumatic pressure throughout an aircraft.

The acquisition of Airdrome continues to expand and enhance our critical aerospace fastener product portfolio,”said Mark …

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Manufacturing Contracts in August

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

Manufacturing contracted in August, according to the latest Manufacturing ISM Report on Business.

The PMI indicates a slight decline in manufacturing during August. This continues the 2008 trend toward negligible growth or contraction each month, but ultimately results in very little overall change in the sector, the Institute for Supply Management reports. This month’s report shows the first signs of lower prices as the Prices Index fell significantly, though still at an inflationary level. Export orders picked up additional momentum.

Five industries reporting growth in August included Paper Products; Computer &Electronic Products; Miscellaneous Manufacturing; Apparel, Leather &Allied Products; and Chemical Products. The industries reporting contraction in …

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H.B. Fuller Buys Adhesives Supplier in Egypt

Chemicals & Plastics Distribution, Free, News, Subscriber Only, Top Distributor Sectors / MDM Staff

H.B. Fuller Company, St. Paul, MN, has acquired Egymelt, a manufacturer and marketer of hot melt and specialty water-based adhesives headquartered in Cairo, Egypt.

The acquisition of Egymelt establishes our geographic presence in one of the fastest-growing regions in the world, further expanding our manufacturing footprint in a manner consistent with our five-year strategic plan,”said Michele Volpi, president and CEO. “This transaction will allow us to enhance our service offering to global accounts, improve the economics of existing sales to the region and augment our current growth profile.”

Egymelt employs 21 people and had net revenue in 2007 of $4 million. The principle assets acquired include a manufacturing facility, equipment, and inventory. The results …

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Motion Industries Acquires Drago Supply Company

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

Motion Industries, the industrial parts group of Genuine Parts Company, Atlanta, GA, has acquired Drago Supply Company, a regional industrial supplies distributor headquartered in Port Arthur, TX. Drago Supply has eight locations in Texas, Arkansas and Louisiana. Motion expects the purchase to generate annual revenues of $75 million.

The acquisition of Drago allows Motion Industries to continue its expansion in the industrial supplies market, an area where we see significant growth opportunities,” said Thomas C. Gallagher, president and CEO of Genuine Parts Company, “Drago is a well-established company with an excellent reputation among their industrial and commercial customer base throughout the south central U.S. Together, Motion Industries and Drago are positioned to …

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Taking Stock of Inventory Practices

Free, Strategy, Subscriber Only / MDM Staff

According to Jon Schreibfeder, president of Effective Inventory Management, distributors are taking a good hard look at their inventory management practices right now in light of uncertain economic conditions. In a recent interview with MDM, he said that effective inventory management practices can get lost in the shuffle when sales are soaring.

Schreibfeder told MDM:

“I cannot think of a sector that is not looking at their inventory and becoming more conservative about how they’re stocking products. The challenge is that they still have to have what their customers need. They’re putting in more thought and using more tools. A lot of distributors have a good set of tools in their …

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Robert Kaplan: Take Care Where You Cut When Times Are Tough

Free, Management, Strategy, Subscriber Only / Lindsay Young

I recently interviewed top management expert, Harvard Business School Professor Robert Kaplan, one of the originators of the performance management system the Balanced Scorecard. (Here’s his biography on the Harvard Web site.) He’s come out with another book (with David Norton) –The Execution Premium: Linking Strategy to Operations for Competitive Advantage.

The concept behind the book is to show organizations how they can mesh strategy and operations to attain corporate goals using a deliberate six-stage management process. Kaplan says that many organizations try to …

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September 2, 2008

Precision Castparts Agrees to Buy Airdrome Holdings

Manufacturing Contracts in August

H.B. Fuller Buys Adhesives Supplier in Egypt

Motion Industries Acquires Drago Supply Company

Taking Stock of Inventory Practices

Robert Kaplan: Take Care Where You Cut When Times Are Tough

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