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Breaking news in Wholesale Distribution
Airgas, Inc., Radnor, PA, has acquired the aqua ammonia operations of Continental Nitrogen & Resources in Rosemount, MN, which had more than $2 million in revenues in 2006.
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The business will be integrated into Airgas Specialty Products, a leading national distributor of ammonia products and services, various process chemicals, and refrigerants.   ; Other operations of CNR were not included.
This acquisition is in line with our strategy to expand our aqua ammonia business and capabilities and serve our growing customer base across the U.S.,” said Chuck Broadus, president of Airgas Specialty Products, Duluth, GA.
Airgas Specialty Products has 24 locations nationwide for distribution of anhydrous ammonia and aqua ammonia products and services and …
GE has agreed to sell GE Plastics to Saudi Basic Industries Corporation (SABIC), a global petrochemicals manufacturer, for $11.6 billion in cash plus assumption of debt.
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GE Plastics is a $6.645 billion global supplier of plastic resins widely used in automotive, healthcare, consumer electronics, transportation, performance packaging, building and construction, telecommunications, and optical media. It is headquartered in Pittsfield, MA. and employs 10,300 people in 60 locations worldwide.
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SABIC is  ; one of the world’s 10 largest petrochemicals manufacturers ranked by market capitalization (currently US$80 billion). The company produces polyethylene, polypropylene, glycols, methanol, and fertilizers as well as the fourth largest polymer producer. …
Diversified industrial manufacturer Eaton Corporation, has acquired the technology and related assets associated with SMC Electrical Products, Inc.’s industrial medium-voltage adjustable frequency drive business.
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This acquisition complements Eaton’s already strong position as a manufacturer of medium-voltage motor control products,” said Randy Carson, Eaton senior vice president and president -Electrical Group. “By incorporating this product into our power distribution and control assemblies portfolio, we will be able to provide our customers with a comprehensive solution to address their motor starting needs.”
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Eaton Corporation had 2006 sales of $12.4 billion.  ; Eaton has 61,000 employees and sells products to customers in more than 125 …
State Industrial Products, Cleveland, OH, has acquired Ohio Soap Products of Parma, OH, a Cleveland suburb.
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Ohio Soap is a manufacturer and distributor of institutional ware washing equipment and cleaning products with $10 million in annual sales and 100 employees.
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Founded in 1911, privately-owned State Industrial Products has 1,200 employees and annual sales of more than $100 …
The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following residential construction statistics for April 2007:
Year-to-Date Percent Change (through April 2007)
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