March 12, 2009 - Modern Distribution Management

March 12, 2009

Embarq Sells Logistics Subsidiary to KGP Telecommunications

Embarq Corp., Cleveland, OH, has sold its EMBARQ Logistics subsidiary to KGP Telecommunications Inc., according to a release from Vetus Partners.
 
The logistics subsidiary comprised $0.4 billion, or 7%, of overall revenue for Embarq.
 
EMBARQ Logistics is a wholesale distributor of equipment, materials and supplies to the telecommunications industry. It serves more than 2,000 customer accounts with more than 140,000 items from seven distribution centers throughout the U.S.
 
Though it was a "critical component" of EMBARQ’s supply chain, the logistics subsidiary was non-core.
 
Vetus Partners served as financial adviser to Embarq for the transaction.


Embarq Sells Logistics Subsidiary to KGP Telecommunications Read More »

Graybar Sales Grow 2.7% in 2008

Graybar, St. Louis, MO, distributor of electrical and communications products and related supply chain management and logistics services, reported sales were $5.4 billion in 2008, an increase of 2.7% from 2007. The company also posted profit of $87.4 million, up 4.8%.
 
CEO Robert Reynolds said: "Our employee ownership model drives us to consistently focus on serving our customers and manufacturing partners. The results of our efforts are reflected in Graybar’s healthy financial statements, including our low debt position. We are well positioned for these uncertain times and believe we are equally well prepared for when the economy turns the corner.” …

Graybar Sales Grow 2.7% in 2008 Read More »

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