Danfoss, Inc., Toronto, Ontario, will be combining its North America Heating divisions into one division with headquarters in Toronto and Baltimore, MD. The merger will take advantage of the synergies between the two divisions allowing a full offering of heating products and solutions that to benefit manufacturing reps, distributors and the end user.
Lyle Moroz, current Vice President of the Danfoss Electric Heating Division, will be promoted to Vice President of the newly combined Heating Division.
Headquartered in Denmark, Danfoss is a manufacturer of electronic and mechanical components and control systems for refrigeration &air-conditioning, heating, and motion controls. Danfoss operates in more than 100 countries and employs over 20,000 people. …
Latest In Plumbing Products & PVF Distribution
UK-based Wolseley plc has started a fundamental review” of Stock Building Supply’s impact on its overall results, which continued to suffer due to the struggling housing market in the U.S. The company may sell the unit.
In the year ended July 31, 2008, Wolseley, a global building materials and plumbing/HVAC distributor, closed 270 branches and reduced headcount by 7,100. Of those 270, 36 were at Stock and 123 were from Ferguson. Of the 7,100, 3,150 were from Stock, and 2,250 from Ferguson.
Since July 31, the company has reduced headcount by an additional 600.
“Financial discipline in terms of cost reduction and cash flow enhancement remains our primary focus to ensure the group remains compliant with our banking covenants and is well positioned for any …
WinWholesale Inc., Dayton, OH, has opened Winnelson companies in Lakeland, FL, Bloomington, IL, and Clinton, MO, to provide residential and commercial contractors with plumbing supplies, equipment and accessories.
Bloomington, Lakeland and Clinton Winnelson companies have local ownership and serve central Florida, central Illinois and west central Missouri. Each has a warehouse, counter sales and pickup, and delivery service. In addition, Clinton Winnelson has a product showroom.
There are more than 470 Win local wholesaling companies across the U.S. and more than 100 Noland Company locations. …
WinWholesale Inc., Dayton, OH, has opened Clinton Winnelson Co. in Clinton, MO, to provide plumbing contractors in the west-central part of the state with plumbing equipment, parts and accessories. The company serves Henry, Johnson and St. Clair counties.
Clinton Winnelson provides counter sales pickup as well as delivery service. The company also has a showroom. Among the brands carried are American Standard, Mansfield, Delta, Moen and NIBCO.
WinWholesale Inc. consists of more than 470 corporations that are collectively referred to as The Win Group of Companies.”The companies conduct business-to-business wholesale distribution across a broad range of …
Charlotte Winnelson Co., Charlotte, NC, has opened the Win Kitchen and Bath Showcase where contractors and their customers, as well as architects and designers, can view and see in action the latest items for homes and businesses.
Charlotte Winnelson is associated with WinWholesale Inc., a national wholesale distributor serving Charlotte and the surrounding area. The 3,500-square-foot showroom also provides cabinetry and countertops.
We created the showroom as a one-stop shop for kitchen and bath needs in new construction and remodeling,”said Steve Technik, Charlotte Winnelson president.
Among the many products in the showroom are 53 working displays of faucets, sinks, toilets, whirlpool tubs, a steam unit, showerheads and fireplaces that allow …
Watsco, Inc., Coconut Grove, FL, reported revenues for the second quarter increased 8% to $510 million over the same period in 2007. Profit improved 7% to $26.1 million.
The revenue increase includes $62 million from 58 locations opened or acquired in the past 12 months.
Same-store sales declined 5%, reflecting a 4% decrease in sales of HVAC equipment, an 8% decline in other HVAC products and a 1% increase in commercial refrigeration products.
For the six months ended June 30, 2008, revenues increased 6% to $890 million, including $111 million from locations opened or acquired during the last 12 months. Gross profit for the period increased 7% to $229 million. Same-store sales declined 7% in the first six months.
Watsco is an …
Cummins-Wagner Co., Inc., Annapolis Junction, MD, a distributor of industrial process equipment and HVAC equipment in the mid-Atlantic region, has agreed to acquire Rochester, NY-based Siewert Equipment Co., Inc.
SECO employs 47 people, with branch offices in New York and Florida. SECO is a distributor/manufacturers’representative selling fluid process equipment and provides assembly, aftermarket service and engineered solutions.
The transaction is part of Cummins-Wagner’s business strategy of steady, manageable growth through market penetration and acquisition.
SECO employees will become part of Cummins-Wagner’s 100% Employee Stock Ownership Plan (ESOP).
Cummins-Wagner employs 115 …
As the housing market continues to slump and new installations of central air systems with it, Watsco Inc., Coconut Grove, FL, continues to increase profits by building upon the growing replacement market.
Senior Vice President Barry Logan told attendees at the Piper Jaffray Industrial Growth Conference on June 11 that environmental mandates and aging systems have driven the replacement market to 75 percent of the business Watsco is doing today.
The mandate signed into law in 2001 required that all new air conditioning and heat pump units improve efficiency by 30 percent by 2006. In addition, use of refrigerants that deplete the ozone was to be phased out entirely by 2010.
Though new products don’t need to be in place before 2010, Watsco already …
Watsco, Inc., Coconut Grove, FL, has launched ACDoctor.com, a consumer Web site that offers educational tools to help homeowners identify energy efficient cooling systems to help save money and reduce negative impacts of global warming.
According to Watsco, the heating and cooling of homes accounts for nearly 56% of residential energy use in the U.S., or $66.5 billion per year.
ACDoctor.com features energy saving calculators and tips on keeping energy bills low, energy efficiency high and improving the quality of indoor air. Users can compare HVAC systems, connect with contractors and locate financial incentives.
Watsco is an independent distributor of air conditioning, heating and refrigeration equipment and related parts and supplies in the HVAC …
Ferguson's showrooms are designed with homeowners, plumbers, builders, remodelers and designers in mind. Items sold in Ferguson's new clearance center are excess inventory and discontinued material from Ferguson warehouses and showrooms in the Southern California area.
Ferguson is a Wolseley plc company, a UK-based distributor of plumbing, HVAC and building materials. Wolseley operates in 27 ...
WinWholesale Inc., Dayton, OH, has opened three Winnelson locations on the East Coast and in the Southeast.
The new Winnelson companies provide plumbing supplies, equipment and accessories to residential and commercial plumbing contractors.
The recently opened companies and locations are: Ocala Winnelson Company, Ocala, Fla., serving central Florida; Salisbury Winnelson Company, Salisbury, MA, serving the Cape Ann region and New Hampshire seacoast; Shelby Winnelson Company, Shelby, NC, serving Cleveland and Rutherford counties in the southwest part of the state.
Each location has a warehouse, counter sales and pickup, and local delivery service.
WinWholesale has opened nine Win companies since the first of the year -five Winnelson, two …
WinWholesale, Dayton, OH, has opened the first renewable energy resources company in the Win Group of Companies. The company -Framingham Winsupply Company, Holliston, MA -will focus on the renewable energy market by providing contractors with photovoltaic, solar thermal, geothermal and wind turbine products for residential and commercial use.
The products provide electricity and domestic hot water, as well as heating and air conditioning. Framingham Winsupply serves Boston and the Greater MetroWest area, Cape Cod and the islands of Martha’s Vineyard and Nantucket.
In addition to products, parts and accessories, Framingham Winsupply provides consultation services and training in partnership with Greenfield Community College at the company’s Holliston …
Alfa Laval -manufacturer in heat transfer, centrifugal separation and fluid handling -has acquired Standard Refrigeration, a supplier of shell-and-tube heat exchangers for refrigeration, air-conditioning and industrial applications in the North American market.
By acquiring Standard Refrigeration we are increasing our presence in the North American commercial refrigeration and industrial markets,”says Lars Renström, president and CEO of the Alfa Laval Group. “Standard Refrigeration will be integrated into Alfa Laval in order to capture synergies such as a wider product portfolio combined with an enhanced market presence.”
Standard Refrigeration had annual sales of about SEK 220 million (US$36 million) and 185 employees in two locations in the U.S.: …
Rexnord LLC, Milwaukee, WI, diversified industrial company with platforms in power transmission and water management products, reported sales in the fiscal 2008 were up 47.6% to $1.85 billion, due to acquisitions. Core sales growth was 9.1%.
Power transmission fiscal 2008 sales were $1.34 billion, an increase of 13.2%. Core sales growth in PT was 9.3%.
Water management sales were $511.2 million; core sales growth was 8.6%.
Fourth-quarter sales were $502.3 million, an increase of 30.1%. Core sales growth was 8%.
Power transmission fourth-quarter sales were $372.6 million, an increase of 17.7%. PT core sales growth was 9.4%. Water management sales in the fourth quarter were $129.7 million. Core growth was 4.3% in this …
Wolseley plc, distributor of plumbing and heating products to professional contractors and a supplier of building materials, reported overall that sales for the first nine months ended April 30, 2008, were up 2% and profit fell 23%.
As a result of what the distributor called tough market conditions, Wolseley has made further cost reductions in North America since April 30, 2008. The distributor has:
-closed 75 branches and reduced headcount by 200 at Ferguson
-closed or consolidated an additional 15 locations in Canada, with a reduced headcount of 50 people
Given the continuing tough market conditions, our response has been to take further action to lower the cost base and improve cash flow, while continuing to pursue our longer term strategic …
HD Supply Waterworks, an HD Supply business, has opened a 15,000-square-foot facility in Brunswick, GA.
The new location features a warehouse, office space and tool showroom. The company has also consolidated two existing local branches into its Savannah-area facility in Pooler, GA.
The Brunswick and Savannah locations also feature tool showcases, stocking items such as pipe slings and cutters, diamond-tipped saw blades, ladders, shovels, trowels and a wide array of other products utilized in the Water and Sewer industry.
HD Supply Waterworks distributes water, sewer, fire protection and storm drain products, integral to building, repairing and maintaining water and wastewater systems. It currently operates more than 260 branches in 41 …
Wolseley company Ferguson, Newport News, VA, has opened a new waterworks location in Clifton Park, NY.
The 15,000-square-foot location will include water, sewer, drain and geotextiles …
Watsco, Inc., Coconut Grove, FL, reported revenues for the first quarter 2008, were up 3% to $380 million compared with the same period a year ago.
The increase includes 63 locations opened or acquired over the past 12 months, adding $49 million to sales in the quarter.
On a same-store basis, sales fell 10%, including a 10% decrease in the sale of air conditioning equipment, a 13% decrease in other HVAC products, and a 2% increase in the sale of refrigeration products.
Watsco is an independent distributor of air conditioning, heating and refrigeration equipment and related parts and supplies in the HVAC industry, operating 426 locations serving over 40,000 customers in 34 …
The RectorSeal Corp., Houston, TX, manufacturer of specialty chemical products and tools for the HVAC industry, has acquired SMD Research, Inc., Coconut Creek, FL, a manufacturer of products for air conditioning condensate control.
SMD produces a line of patented Safe-T-Switch overflow shut-off switches, in combination with the Safe-T-Gard condensate overflow alarm and Nu-Line® condensate drain line cleaner. …
HD Supply Waterworks, an HD Supply business that distributes a line of water, sewer, fire protection and storm drain products to serve contractors and municipalities in the water, wastewater, storm and fire protection markets, has finalized the purchase of D&M Fabrication, Inc., Lodi, CA.
D&M Fabrication, Inc. specializes in fabricating fire protection systems for distributors and contractors who design, sell and/or install systems for end users.
D&M Fabrication has an exceptional, best-in-class reputation for high-quality fabricated fire protection systems and has been a partner of HD Supply Waterworks for nearly a decade,” said HD Supply Waterworks Regional Vice President Chuck Reed. “This acquisition is extremely important for us because it will solidify our …
