Latest In DXP Enterprises
Acquisition expands company's metal working division.
Company posts net loss of $45.2 million for year.
Acquisition will expand DXP’s presence in international oil & gas markets.
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During the first nine months, DXP spent $61 million on acquisitions.
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Profit increased 12.9 percent to $13.7 million.
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Alaska Pump will expand DXP’s rotating equipment division within a new market.
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A summary of mergers & acquisitions in the wholesale distribution industry.
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Tucker Tool is located in Mechanicsburg, PA.
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CEO: Questions remain around the pace of growth in the U.S. and Canada.
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According to DXP, acquisition makes distributor largest rotating equipment distributor in North America.
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Sales, driven by acquisitions, were up 35.9% in 2012 for DXP Enterprises.
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The distributor was No. 24 on the list, which looks at sales and earnings growth and other factors for companies below $1 billion in sales.
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Excluding sales from acquisitions, same-store sales increased 7.4 percent.
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The lawsuit, filed by the Circos last year, alleged breach of contract related to the acquisition of Precision Industries.
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Profit for the distributor increased 60.5% year-over-year.
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