According to various news reports, ProBuild Holdings, Denver, CO, has purchased CTX Builders Supply from homebuilder Centex Corp., Dallas, TX.
CTX has six manufacturing and distribution centers throughout the …
ProBuild Holdings Buys CTX Builders Supply Read More »
Fixing current economic conditions will not be quick and easy, according to The Conference Board’s latest economic forecast. Negative growth rates for the U.S. economy will continue through the fourth quarter and result in further contraction for the first half of 2009.
If government and business leaders can calmly -and privately -focus squarely on a way out of all this, looking to prevent tomorrow’s fires even as they fight today’s, we can still avoid worse,”says Bart van Ark, vice president and chief economist of The Conference Board. “This means finding a crucial balance between the short-run steps needed to get the economy back on its feet and the long-run needed to foster a new phase of global growth.”
European and Asian markets are also beginning to see the …
Conference Board Forecasts Negative Growth Through End of Year Read More »
Mayer Electric Supply, Birmingham, AL, has agreed to purchase Electric Supply of Macon, Macon, GA. Bob White, president of Electric Supply of Macon, will continue with Mayer as branch manager of the location.
The acquisition expands Mayer’s footprint into central Georgia. Mayer has 12 other locations in the state.
Mayer Electric Supply is a wholesale-distributor of electrical equipment and supplies, lighting, factory automation, tools and …
Mayer Electric Acquires Electric Supply of Macon Read More »
The results of the 15th annual 3PL Provider CEO Perspective,”presented at the Council of Supply Chain Management Professionals Annual Global Conference in Denver, CO, this week, offered few surprises for trends in the logistics industry. The survey of 39 3PL providers, conducted by Northeastern University’s College of Business Administration and sponsored by Penske Logistics, found that high fuel cost is keeping companies closer to home, “green”is still a hot topic, and the economy is slowing.
These are all issues that we here at MDM have been discussing over the past few months. (Read Editor Lindsay Young’s conversation with Dr. Barry Lawrence, director of the industrial distribution program at Texas A&M University,
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Trends in the Logistics Industry Read More »
I decided to take a look back in the MDM Archives at the advice that was being offered up the last time the U.S. was dealing with a downturn. Here’s what I found:
David Gordon and Neil Gillespie in November 2002 provided perspective from GE CEO Jeffrey Immelt:
Looking to the Past to Strengthen Your Position Today Read More »
Accellos Inc., Colorado Springs, CO, provider of logistics, warehouse, 3PL, transportation, and mobile resource management solutions, has acquired Prophesy Transportation Software, Inc., Bloomfield, CT.
Prophesy is a provider of software solutions designed to manage growing trucking operations for both public and private fleets.
Accellos will continue to market and support the Prophesy product line, which will eventually be a key component of Accellos One Transport, a series of solutions designed to assist the transportation carrier, broker and shipper in maximizing the effectiveness of their transportation planning, execution and reporting. Accellos One Transport is part of the Accellos One supply chain suite.
Accellos is a global provider of …
Accellos Acquires Prophesy Transportation Software Read More »
Swiss fasteners distributor Bossard Group reported sales for the second four-month period of 2008 were down 3% overall. Profit increased 17%.
Sales fell in Europe and the U.S. in the second four-month period, and in Asia sales increased, though not as strongly as in the previous year.
In the U.S., Bossard reported that it is still benefiting from the positive business development of one major customer.” Most of its other customers have been hurt by the economic slowdown. Sales in U.S. dollars fell 4.6%.
Sales fell in Western Europe, but grew in Eastern Europe, though at a lower level. Overall in Europe, sales fell by 4.9%.
Bossard Group is in more than 70 locations worldwide.
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Bossard Group Sales Fall in Recent Period Read More »
The subsidiary of Kaman Corp., Bloomfield, CT, Kaman Industrial Technologies Corp., has acquired Industrial Rubber and Mechanics, Inc. of Puerto Rico. INRUMEC will become part of Kaman’s industrial distribution segment.
INRUMEC is a distributor of fluid power products; industrial and hydraulic hoses; belting and conveyer systems; pipe, tube, fittings and valves; and packaging machinery to such diverse markets as food, beverage, pharmaceutical, cement and aggregate. The company is also a manufacturer of hydraulic hose assemblies for the same end markets. INRUMEC has a branch and regional distribution facility in Gurabo as well as branches located in Bayamon, Ponce and Mayaguez. The company has annual sales of $13 million.
Neal J. Keating, CEO of Kaman Corp., said: …
Kaman Acquires Industrial Rubber and Mechanics Read More »
Nordson Corp., Westlake, OH, has acquired Wachter, Paul and Co., operator of Bigger Dosier Klebetechnik, a distributor of Nordson’s EFD brand product line.
Bigger Dosier Klebetechnik has distributed the EFD product line for 40 years. The company will become part of Nordson’s subsidiary Nordson (Schweiz) AG and will continue to function as before.
Nordson is a producer of precision dispensing equipment that applies adhesives, sealants and coatings to a broad range of consumer and industrial products during manufacturing operations. The company also manufactures equipment used in the testing and inspection of electronic components as well as technology-based systems for curing and surface treatment processes.
Nordson has more than 4,100 employees …
Nordson Acquires Swiss Distributor Read More »
Precision Castparts Corp., Portland, OR, has agreed to acquire Fatigue Technology, Inc., Seattle, WA.
FTI manufactures split sleeves, bushings, rivetless nut plates, blind nuts and fittings.
The acquisition of FTI continues our efforts to grow and enhance our critical aerospace fastener product offering,”said Mark Donegan, CEO of Precision Castparts Corp. “The company fits squarely with all our core competency targets, and its sales are nearly 100% to the aerospace market. … We will look to leverage their expertise and knowledge base across our other fastener businesses.”
FTI’s results will be reported as part of the Fastener Products segment.
Precision Castparts Corp. is a diversified manufacturer of complex …
Precision Castparts Agrees to Buy Fatigue Technology Inc. Read More »
Today, the Conference Board Employment Trends Index was reported to have continued its decline in September, suggesting at least by this measure that the latest spate of job losses may not the last. The index fell in September to 108.4, down 0.8% from the August revised figure of 109.3, and down almost 10% from a year ago.
The 14-month fall in the Employment Trends Index was seen in all eight of its components, most notably over the past six months in temporary-help hires and part-time workers for economic reasons.
The Employment Trends Index aggregates eight labor-market indicators:
Poor Economic News Starts Off the Week Read More »
Lincoln Electric Holdings, Inc., Cleveland, OH, has acquired a 90% interest in Brastak, a Brazilian manufacturer of brazing products. The company is based in Sao Paulo and has annual sales of $30 million.
The Brastak acquisition represents the expansion of our brazing product line as well as our continued expansion into developing international markets,” said John M. Stropki, Lincoln Electric CEO.
Lincoln Electric designs, develops and manufactures arc welding products, robotic arc-welding systems, plasma and oxyfuel cutting equipment. …
Lincoln Electric Acquires 90% Stake in Brazilian Supplier Read More »
Farmington Hills, MI-based Blue Line Foodservice Distribution, foodservice systems distributor, named Matthew Ilitch as president of the company.
Ilitch has more than 30 years of combined experience at Little Caesars Pizza and Blue Line. Previously, he was vice president of Operations &Distribution for Blue Line. …
Blue Line Foodservice Names New President Read More »
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MDM September 25, 2008 Read More »
Valley National Gases, LLC, Independence, OH, has agreed to acquire General Welding Supply, Martins Ferry, OH, and its affiliates. General Welding Supply distributes industrial, medical, and specialty gases, bulk propane, and welding supplies with locations in Martins Ferry, Dover, and Ashtabula, OH, and Erie, PA.
Valley also acquired L.P. Gas Company, a distributor of propane with one location in Bridgeport, WV.
Michael Ziegler, CEO of Valley National, said: The acquisitions of General Welding Supply and L.P. Gas Company are a great addition to our existing business in Ohio, Pennsylvania, and West Virginia, and will further enhance our service capabilities throughout the region.”
Valley National Gases has made eight acquisitions since being …
Valley National Gases Agrees to Buy General Welding Supply Read More »
Descartes Systems Group, Waterloo, Ontario, has acquired Belgium-based Dexx, a European customs filing and logistics messaging provider, for about €1.4 million (US$1.9 million). The acquisition adds European customs filing capabilities and expands Descartes’network in Europe.
With anticipated upcoming European Union regulations expected to mandate electronic notification to custom authorities of the contents of a vehicle, aircraft or vessel prior to arrival at the border, we saw an opportunity to play an exciting role in this market by combining our local expertise with Descartes’Global Logistics Network,”said Johan Deckx, president of Dexx.
Descartes provides logistics services and software in a variety of industries, including ground carriers, …
Descartes Buys Belgian Customs Filing Provider Read More »
United Rentals, Inc., Greenwich, CT, has acquired Portland U-Rent-It, Inc., a privately held industrial-oriented rental company, with sales of $11 million, Corpus Christi, TX.
Michael Kneeland, CEO of United Rentals, said: The acquisition of U-RENT-IT is consistent with our strategic focus on the industrial marketplace. We are actively pursuing growth in industrial rentals, where our depth of resources and branch footprint can give us a competitive advantage. Moreover, industrial rentals are subject to different cyclical pressures than the construction market, where we are seeing demand continue to soften as spending is curtailed.”
U-Rent-It has benefited from rapid growth in the past year stemming from increased demand from energy-related customers, such as …
United Rentals Acquires Portland U-Rent-It Read More »
Diversified industrial manufacturer Eaton Corp., Cleveland, OH, has acquired Integ Holdings Ltd., the parent company of Integrated Hydraulics Ltd., a U.K. manufacturer of screw-in cartridge valves, custom-engineered hydraulic valves and manifold systems.
This acquisition expands the geographic presence of Eaton’s hydraulics business, enhances its current hydraulic product portfolio and helps us become a more significant partner for European customers,”said William R. VanArsdale, president -Eaton’s Hydraulics Business. The company employs approximately 290 people.
Eaton is a diversified power management company with 2007 sales of $13 …
Eaton Acquires Integrated Hydraulics Read More »
Software provider Activant Solutions Inc. has announced that two executives have joined the company in newly-created executive vice president roles. Kevin Roach will lead Activant’s Wholesale Distribution group out of Yardley, PA, and Paul Salsgiver will head up the Hardlines and Lumber group in from Livermore, CA.
Both executives bring strong experience leading and growing Global 1000 companies as well as deep understanding of the vertical software industry.
Before joining Activant, Roach was the president of Rockwell Software, a division of Rockwell Automation Inc.
Before joining Activant, Salsgiver served as CEO for technology industry start-ups Compassoft, Inc. and Aspectrics, Inc. Before this, he was CEO of HigherMarkets, Inc. and Rubric, …
Activant Taps New Distrbution Group Leader Read More »
Danfoss, Inc., Toronto, Ontario, will be combining its North America Heating divisions into one division with headquarters in Toronto and Baltimore, MD. The merger will take advantage of the synergies between the two divisions allowing a full offering of heating products and solutions that to benefit manufacturing reps, distributors and the end user.
Lyle Moroz, current Vice President of the Danfoss Electric Heating Division, will be promoted to Vice President of the newly combined Heating Division.
Headquartered in Denmark, Danfoss is a manufacturer of electronic and mechanical components and control systems for refrigeration &air-conditioning, heating, and motion controls. Danfoss operates in more than 100 countries and employs over 20,000 people. …
Danfoss to Combine North America Heating Divisions Read More »
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