AIT profit also grows compared with 2009; end-market activity improves.
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Parker Hannifin profit grew 47.2% from the second quarter.
All three indexes provided by The Conference Board posted gains in March, suggesting the slow recovery will continue.
Watsco’s East Coast Metal Distributors picks up The Bill Voorhees Company.
Acquisitions contributed 5% to Grainger’s growth in the first quarter.
New location in Baton Rouge will service a seven-parish area.
From February 2009, sales have grown 9.8% for wholesaler-distributors.
MRO supplies distributor MSC says overall growth driven by large accounts.
Stock is purchasing NHC’s assets; National Home Centers filed for bankruptcy in December.
Inventories see an uptick; but employment index declines.
Cooper and Danaher will each own a 50% share of the new company.
Largest decline for Wolseley seen in Ferguson subsidiary.
John Stegeman will join HD Supply as executive president, effective April 12.
All three of The Conference Board’s economic indicators posted gains in February.
WinWholesale plumbing/HVAC subsidiary opens new location in Cape Coral.
Year over year, housing starts increased 0.2%.
Acquisition of $66M Weita expands Bunzl’s reach into new sectors.
Airgas continues to reject calls for meeting regarding Air Products’ acquisition proposal.
January also benefited from a favorable comparison with January 2009.
Fastener distributor’s subsidiary in India the only Group company with an increase in sales for the year.
