Growth driven by Canadian automotive and food, beverages and tobacco product sectors.
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Applied CEO: General market continues to be difficult.
For 2009, Fastenal’s sales fell 17.5%.
Clean Care supplies cleaning and hygiene products and equipment.
Capacity utilization increases to 72.0%.
Acquisition of Universal Supply Company brings new building materials/lumber distributor up to 23 locations.
Realignment of Kaman Aerospace Group supports the company’s strategic growth plans.
Sale to a private investor backed company impacts 67 branches and about 650 employees.
Year over year, wholesale revenues were up 0.6%, the first increase in more than a year.
The new privately held building materials distributor has been rebranded as BMC SELECT.
Parent company Reed Business Information has closed the industrial distribution trade magazine.
Genuine Parts Co. electrical distribution subsidiary expands with Illinois-based acquisition.
November construction spending was13.2% below November 2008.
The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) was up by 1.1%.
Larry Stoddard, formerly Wolseley’s COO, will take the top spot at the building products distributor.
Manufacturers Alliance/MAPI Latin America Manufacturing Outlook anticipates manufacturing output to rebound in 2010.
Motion will buy the North American assets of BC Bearing, which has C$185 million in annual sales.
LEI now slightly higher than latest peak in July 2007.
October sales of Canadian manufacturers grow 2%.
Year-over-year, November housing starts down 12.4%.
