DXP Enterprises, Inc., Houston, TX, has acquired Indian Fire & Safety, Hobbs, NM, a business that provides safety consulting and training services, as well as sells safety equipment and rents oilfield equipment.
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DXP paid $12 million for the business. The unaudited sales and estimated EBITDA for the acquired business for the 12 months ending Sept. 30, 2007, were $9.2 million and $3 million, respectively.
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The acquisition strengthens DXP in New Mexico and Texas and complements its growing safety business.
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DXP is a distributor of pumps, bearings, power transmission, seals, hose, safety, fluid power, electrical and industrial supplies. It recently purchased Precision Industries, nearly doubling its annual sales to more than $500 …
Latest In Safety Products
Caxton-Iseman Capital LLC, a New-York-based private equity firm, has acquired Conney Safety Products, LLC, Madison, WI, a full service national distributor of personal protective equipment, safety equipment, first aid supplies, and various other safety products, from K+K America Corporation.
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The transaction has a value of $48 million.
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The company’s strong track record positions it to leverage its excellence by expanding into new markets, offering new products, and reaching out to new customers,” added Thomas Ritchie, vice president at Caxton-Iseman Capital. “The industrial products distribution space remains highly fragmented, and we believe that our support will enable Conney to be an active participant in current and future consolidation through add-on …
Brady Corp., Milwaukee, WI, reported sales rose 34% in fiscal 2007 to $1.36 billion. Organic growth was 4%. Acquisitions contributed 26% to sales.
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Profit for fiscal 2007 rose 5% to $109.4 million.
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In the fourth quarter, Brady sales rose 26% to $362.8 million. Organic growth was 5% from the prior-year quarter, with acquisitions adding 17% to total sales growth.
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Regionally, sales were up 25% in the Americas, 28% in Europe, and 25% in Asia/Pacific.
Profit was up 17% to $26.2 million in the fourth quarter.
Fiscal 2007 was a very busy year for Brady, and included 7 acquisitions, 16 SAP implementations, and further expansions in Mexico, Thailand, Malaysia, India, China and the Philippines among other geographic areas,” said …
Airgas, Inc., Radnor, PA, has acquired Dantack Corporation, a Grand Prairie, TX-based safety distributor with branches in Columbus, OH, and Richmond, VA. The business generated more than $18 million in sales in 2006.
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The operations will be managed by Airgas Southwest, one of the Airgas regional companies, as a stand-alone business for the first few months. Later, operations in Ohio and Virginia will transition to other Airgas regions.
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Airgas’ safety distribution business generated $438 million in sales in fiscal 2007 through telesales and field-based safety specialists within its regional companies.
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Dantack’s extensive local coverage throughout Texas, combined with its national accounts program, makes it a great strategic fit for Airgas,” said …
Norcross Safety Products LLC, Oak Brook, IL,  ; reported sales were $156.4 million in the second quarter 2007, up 19% from the prior-year period.
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In the general safety and preparedness segment, sales increased 17.6%. In the fire service segment, sales increased 15.8%. In the electrical safety segment, sales increased 30.3%, primarily driven by strong overall market demand, new product penetration and incremental net sales resulting from the acquisition of The White Rubber Corporation.
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For the first six months of 2007, sales were up 13.8% to $304.6 million compared with the same period a year ago.
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In the general safety and preparedness segment, sales increased 11.8. In the fire service segment, sales increased 7.1%. In the electrical …
Grainger, Chicago, IL, industrial distributor, announced its Lab Safety Supply subsidiary has acquired McFeely’s Square Drive Screws, Lynchburg, VA. McFeely’s, with sales of $9 million in 2006, is a business-to-business direct marketer of specialty fasteners, hardware and tools for the professional woodworking industry.
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This acquisition will enable LSS to further penetrate the woodworking and construction markets,” said Chairman and CEO Richard Keyser.
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McFeely’s will be marketed as an independent brand by LSS. It serves more than 70,000 customers including woodworkers, handymen, home improvement professionals, construction companies and cabinet makers.
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Grainger had 2006 sales of $5.9 billion. It has 600 branches, 18 distribution centers …
Lab supplier VWR International, Inc., West Chester, PA, a portfolio company of Clayton, Dubilier & Rice, Inc., will be acquired by Madison Dearborn Partners.
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VWR had revenue of more than $3.2 billion in 2006. It is the second largest distributor in the global research lab supply industry, with customers in pharmaceuticals, biotechnology, education and industry.
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Madison Dearborn Partners is a private equity investor in the U.S.
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VWR announced on March 12, 2007 that it was exploring strategic options for the …
VWR International, Inc., West Chester, PA, supplier to the global research laboratory industry, has acquired the remaining 76% interest in KMF Laborchemie Handels GmbH, a German-based scientific laboratory supply distributor.
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KMF has 70 employees, all based in Germany, with annual revenues of US$45 million.
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KMF’s customers include research institutes, universities, public control laboratories, pharmaceutical and other industries. In addition to its central warehouse in Sankt Augustin, Germany, KMF has branch offices in Lohmar and Leipzig. The Company’s mission is to deliver excellence in distribution of scientific supplies and customer service.
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VWR International is a lab supply distributor with worldwide sales in excess of $3 billion. VWR’s …
Safety Products Holdings Inc. and Norcross Safety Products,Oak Brook, IL , reported sales of $558.1 million in 2006, up from $481 million in 2005, a 16% increase. The sales jump was attributed to an increase in sales in general safety and preparedness and electrical safety segments.
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In the general safety and preparedness segment, sales were up 17.7%. Fire service segment sales were even at $87.9 million -incremental American Firewear sales were offset by postponed customer orders due partly to government grant holdups and a delay in the issuance of the new NFPA standard. In the electrical safety segment, sales were up 30%, driven by strong market demand, new product …
Iron Age Corp., distributor and marketer of safety shoes, Westborough, MA , is shutting down after filing for bankruptcy in January. The company sold safety, work and uniform shoes to industrial, service and government sectors.
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Iron Age filed for Ch. 11 bankruptcy Jan. 22, 2007.
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In the bankruptcy filing in Massachusetts, CEO David Eckert said in an affidavit that the company had experienced liquidity issues” in the last quarter of 2006 and filed bankruptcy in order to pursue selling the business or liquidating its assets.
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Iron Age had sales of $85.07 million for the fiscal year ended Jan. 28, 2006, according to the filing. For fiscal 2007, the company had projected revenues of $75 million. Figures include Iron Age, and Iron Age Canada, a …
VWR International, Inc., West Chester, PA, a distributor to the global research laboratory industry, announced that Goldman Sachs & Co. and Banc of America Securities LLC have been retained to explore strategic options for VWR.
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VWR is owned by Clayton, Dubilier & Rice, which bought the company from Merck KGaA of Germany for $1.65 billion in April 2004.
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John Ballbach, president and CEO of VWR, said, “As this process moves forward, we remain committed to maintaining our strong relationships with our customers and suppliers and to the continued growth of our business.”
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The company does not expect to disclose further developments regarding the process until the review of strategic options has been completed.
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VWR International …
Bunzl plc has acquired the business of Tec Products Co. Inc., a private company based in New Jersey. Tec Products is a supplier of jan/san and associated products through redistributors. Revenue in the year ended Dec. 31, 2006, is estimated at $14 million.
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Bunzl has also purchased Westgate Sales Corporation and Westgate Canada Ltd., also based in New Jersey with facilities in Ontario and Alberta, Canada. Westgate supplies personal protection equipment through redistributors in the eastern U.S. and Canada. Revenue in the year ended Dec. 31, 2006, is estimated at US$18 million.
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Tec Products expands our jan/san business in the northeast region of the U.S. while Westgate adds further scale and geographical coverage to our personal …
