February 23, 2009 - Modern Distribution Management

Log In

Search

February 23, 2009

ABC Supply Acquires Chesapeake Siding & Roofing

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

ABC Supply Co. Inc., Beloit, WI, has acquired Chesapeake Siding and Roofing, a wholesale distributor of exterior building products.  The transaction includes two locations – one in Chesapeake, VA, and one in Jarvisburg, NC.
 
The acquisition of Chesapeake Siding and Roofing fits our strategy of providing accessible locations in all major geographic markets as we continue to build a national network of wholesale distribution centers for the professional contractor, said David Luck, CEO and president of ABC Supply.
 
All 15 Chesapeake Siding and Roofing employees will be retained by ABC Supply.
 
With the two new locations, ABC Supply has 18 branches in the Mid-Atlantic …

To access this page, you must purchase MDM Premium Subscription, MDM Premium Subscription – Monthly or MDM Premium Subscription – Annually.

ABC Supply Acquires Chesapeake Siding & Roofing Read More »

The Latest Round of Economic Forecasts

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

Most forecasts put an economic recovery sometime in 2010. Fed Chairman Ben Bernanke reaffirmed that today, although the headlines on his statement (though all accurate) tell slightly different stories:
 
Bernanke: Economy Suffering Severe Contraction (Associated Press)
Bernanke Sees 2010 Recovery Only if Banks Stabilize (Bloomberg)  
Bernanke Says Recession Should End in 2009 (Wall Street Journal)
 

To access this page, you must purchase MDM Premium Subscription, MDM Premium Subscription – Monthly or MDM Premium Subscription – Annually.

The Latest Round of Economic Forecasts Read More »

The Home Depot Reports $54 Million Loss For 4Q

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

The Home Depot, Atlanta, GA, reported a net loss of $54 million for the fourth quarter ended Feb. 1, 2009, compared with net earnings of $671 million, in the same period in fiscal 2007. Sales for the fourth quarter totaled $14.6 billion, a 17.3% decrease from the fourth quarter of fiscal 2007.
 
Fourth quarter results reflect a pre-tax business rationalization charge of $387 million, taken to  exit its EXPO, THD Design Center, YardBIRDS and HD Bath businesses and reduce support staff functions. Results were also impacted by a pre-tax write-down of the Company’s investment in HD Supply of $163 million, as well as a loss from discontinued operations of $52 million.
 
Sales for fiscal 2008 were $71.3 billion, 7.8% below fiscal 2007. Profit decreased 47.7% to $2.3 …

To access this page, you must purchase MDM Premium Subscription, MDM Premium Subscription – Monthly or MDM Premium Subscription – Annually.

The Home Depot Reports $54 Million Loss For 4Q Read More »

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!