Including positive exchange, Bunzl revenues will grow 11%.
Latest In Paper Products & Packaging Distribution
The diversified manufacturer expects organic sales to grow 5% to 7% in the coming year.
The acquisition of Euro-Papier strengthens Unisource’s market position in Europe.
Acquisition expands ITW’s presence and offerings in consumer packaging.
Flu-driven purchases help boost United Stationers’ jan-san business.
Electronics & Communications, Display & Graphics segments posted year-over-year gains for the diversified manufacturer.
Wood-products manufacturer sees earnings improve; weakness continues in most of UFPI’s markets.
Genuine Parts Co., Motion’s parent company, sees sales decrease of 10%.
Supplier will sell the business to Onyx Specialty Papers, a new company.
Unisource Canada, a division of paper, packaging and facility supplies distributor Unisource Worldwide, Inc., Norcross, GA, has completed its acquisition of Concord, Ontario-based Mondrian-Hall Inc.
“This is a significant acquisition for Unisource Canada and strengthens our market position throughout Canada,” said Al Dragone, Unisource CEO. “It also demonstrates our ongoing commitment to pursue strategic acquisitions and our intent to expand our operations both within and outside North America.”
Mondrian-Hall will now operate as Mondrian-Hall, a Division of Unisource Canada.
United Stationers Inc., Deerfield, IL, a North American wholesale distributor of business products, today sales for the second quarter 2009 were $1.16 billion, down 7.4% from the prior year same period. Profit decreased 1.4% to $21.5 million.
Weak macro-economic conditions contributed to revenue declines in furniture, industrial, technology and traditional office supplies. Despite these conditions, the janitorial/breakroom category experienced sales growth.
"United’s results reflected our associates’ excellent efforts to control what we can in the face of difficult market conditions," said Richard W. Gochnauer, president and chief executive officer. "While employment and manufacturing trends continued to weaken in the quarter, the rate of change in our sales improved sequentially …
London, UK-based Bunzl plc, an international distribution and outsourcing group, reported sales for the six months ending June 30, 2009, will be up 17%, with core sales slightly down.
Sales in the UK and Ireland are lower than level seen a year ago. As a result, cost reduction measures have been implemented. In Continental Europe, sales have also softened due to general weakness in the economy.
North American sales increased with new business wins and increased business with current …
United Stationers Inc., Deerfield, IL, reported sales of $1.12 billion for the first quarter of 2009, down 10% from first quarter 2008. Profit fell 36.6% to $13.5 million.
Continued weakness in the economy contributed to reduced sales in all product categories with the exception of janitorial/breakroom, which remained at last year’s level. The company previously announced it would be eliminating 250 positions.
While we are encouraged by some recent trends, we expect markets to remain weak in the near term and are planning accordingly,” said Richard W. Gochnauer, president and CEO. “On a more positive note, the economy has generated renewed interest among customers and suppliers around utilizing United’s …
The four business units of Genuine Parts Co. – Automotive, Electronics, Industrial and Office Products – have drafted detailed and specific cost reduction plans, which each have implemented, according to Thomas Gallagher, CEO, in the company’s latest conference call on its first quarter 2009 results.
But as we saw the business decelerating even more in Industrial and Electrical, they had built contingency plans to take more costs out, which they have been working on, and they continue to refine the contingency planning to try to catch up with the declining revenue, he said.
But the company is cautious of not cutting too much. “It’s a balancing act,” says CFO Jerry Nix. “We don’t want to go so far that …
Genuine Parts Company, Atlanta, GA, reported sales for 2008 were $11 billion, up 2% from 2007. Profit for the year was $475.4 million, a decrease of 6%.
By segment:
Motion Industries, the Industrial Group, saw a 5% increase for the year. EIS, the Electrical/Electronics Group, reported a 7% increase. The Automotive Group had a slight sales increase in 2008, and S.P. Richards, the Office Products Group, had a sales decrease of 2%.
In the fourth quarter, sales decreased 4% to $2.5 billion. Motion sales were unchanged; Automotive sales were down 6%; EIS sales were down 4%; and Office Products sales were down 5%.
The company reported a weakening in demand across all its business segments in the fourth quarter.
Genuine Parts Company is …
United Stationers Inc., Deerfield, IL, reported sales of $1.1 billion for the fourth quarter 2008, an increase of 2.3% over the same period 2007. Profit declined 20.5% to $22.6 million.
Sales for 2008 grew by 7.3% to $4.99 billion. Year-end profit totaled $98.4 million, down 8.2% from 2007.
ORS Nasco, acquired in December 2007, contributed approximately 6% to the fourth quarter growth. Sales per workday in the janitorial/breakroom product category were up approximately 9%, while the traditional office products, technology products and office furniture categories were down 3%, 8% and 20%, respectively.
Business customers are reacting to the recessionary environment by reducing spending and employment, and we are seeing the effects in …
United Stationers Inc., Deerfield, IL, announced it would eliminate 250 positions – about 4% of its total workforce – in response to the challenging economic environment as it stays focused on maintaining its sound financial position and delivering strong cash flow.
About half of the position eliminations have been identified and will occur this week. The balance should be substantially completed by March 31. Management and non-management employees will be affected by these reductions.
"We have a committed and valued workforce, so it is with considerable reluctance that we are proceeding with a staffing reduction," said Richard W. Gochnauer, president and CEO. "This action is, however, a necessary response to current market …
MeadWestvaco Corp., Richmond, VA, will be taking broad actions to address current economic challenges, including eliminating 2,000 positions – about 10% of its workforce – by the end of the year. The manufacturer of packaging products also will close or restructure 12 to 14 manufacturing locations and reducing overhead expenses.
We have been taking aggressive steps over the past several months to help ensure we perform in today’s uncertain environment, and are poised to take advantage of the stronger, more stable periods that are sure to come, said John A. Luke, Jr., CEO.
MWV will generate overhead savings through corporate and business staff reductions worldwide, lower discretionary spending, and a decrease in …
Bunzl plc released a pre-close statement today for the year ending Dec. 31, 2008. The distributor reported:
- Group revenue growth is consistent with expectations, despite economic conditions, particularly in the UK and the eurozone. The stronger U.S. dollar and euro have had a positive impact on performance.
- In North America, Bunzl saw stronger organic growth in the second half, but this growth was partially offset by margin pressure.
- In the UK and Ireland, revenue has growth thanks to acquisitions. Integration of 2007 and 2008 acquisitions is going to plan.”
- Revenue in Continental Europe has continued to grow thanks to both acquisitions and organic growth.
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United Stationers Inc., Deerfield, IL, master distributor of business, janitorial/breakroom and industrial products, reported sales of $1.3 billion for the third quarter 2008, an increase of 12% over the prior year quarter. Profit increased 20% to $33.1 million.
The December 2007 acquisition of ORS Nasco contributed 7% to the growth rate. Product category sales were up nearly 15% in janitorial/breakroom, up 2% in technology, and down 10% in furniture. Traditional office products grew 3%, driven by a significant increase in cut sheet paper.
Sales for the nine months ended Sept. 30, 2008, were $3.8 billion, up 8.9% from the same period last year. Year-to-date profit declined 3.8% to $75.9 …
