May 10 2008
Volume 38, Issue 9 - 05/20/2008
38
9
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The evidence of a slowdown is inescapable at this point. The residential construction boom will take at least a few years -not a few months -to unwind. Both home sales and residential construction activity are unlikely to rebound until mid-2009 and possibly later. Meanwhile, industrial distributors will face an overall slowing market, although some manufacturing sub-sectors will experience robust growth in 2008. ...
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Sonepar will likely keep Hagemeyer as a standalone operation after acquiring certain of its assets from Rexel. The plan will probably be to keep it as a standalone operation,"Tony Burr, Sonepar USA CEO, tells MDM. "It has a different customer base, predominantly, and a different market approach."
Sonepar USA's parent company -Paris-based Sonepar -has agreed ...
- Premium
MDM: How do you view the current state of the economy?
Tony Burr: We cannot exempt ourselves from what is going on in the economy. The marketplace is difficult. We all see what is happening in construction, and a chunk of our business is in that. We are also in commercial, which is holding up reasonably well. One of the things I did a few years ago when I started buying up companies here for Sonepar was to spread our risk. I moved us away from being totally contractor-related.
That's when we got into the utility- ...
- Premium
This is according to the latest Facilities Trends 2007 report from the Warehouse Education Research Council. The report is a study on physical characteristics of companies'distribution networks based on a survey of WERC members.
The report, done every five years, presents data that distribution managers can use to benchmark facilities and compares today's information with data collected in the last survey to help identify and understand trends and anticipate how current trends may affect ...
- Premium
March sales of durable goods were up 2.3 percent from last month and up 4.8 percent from a year ago. Compared to last month, motor vehicle and motor vehicle parts and supplies were up 4.5 percent and sales of metals and minerals, except petroleum, were up 3.5 percent. Sales of nondurable goods were up 1.0 percent from last month and were up 20.1 percent from last year. Sales of farm product raw materials were up 9.4 percent from last month and sales of beer, wine, and distilled ...
- Premium
I have certainly seen distributors push hard into new product sectors and customer segments in the past five years with great success. You could argue that this trend is the natural outcome of how industrial channels have matured since the 1980s. Systems contracts emerged as the first step to manage MRO industrial supply procurement from a process versus product focus. Yes, there were clearly some similar models in the first part of the 20th century, but manufacturers held a different position in controlling distribution channels. ...
- Premium
Manufacturing businesses have concerns about their organizations'prospects for 2008, according to the latest semiannual forecast issued by the Business Survey Committee of the Institute for Supply Management. While 42 percent of manufacturing respondents predict revenues to be 9.2 percent greater in 2008 than in 2007, the overall expected revenue increase is only 1 percent for manufacturing as 31 percent expect a decline, and 27 percent expect no change.
Here's a breakdown of the survey results:
Manufacturing
Operating rate is currently 78.6 percent of normal capacity.
Production capacity is expected to increase 2.5 percent ...
- Premium
(IDG) strategically fit our business well and they have done a good job on those types of programs with smaller customers, where WESCO's programs tend to be with much larger engagements. … Additionally, they had a number of specialty businesses, some of which lined up nicely with WESCO's strength, such as the manufactured housing area, where we could leverage our infrastructure nicely and bring in some new products sets to get better penetration."
Van Oss said that WESCO felt it had a "full and fair valuation"with its $11.75 bid ($0.05 less than Platinum Equity's bid) and the ...
- Premium
HD Supply White Cap, Costa Mesa, CA, distributor of specialty hardware, tools and materials for large and medium-sized contractors, has entered the Minneapolis-St. Paul market with the opening of a 6,000-square-foot warehouse. More
The Home ...
- Premium
What's the impact for your company? Join MDM on May 22 as three seasoned M&A experts share their insight on the 2008 distribution M&A market. In this two-hour Webcast, you'll hear practical tips from professionals with deep experience helping distribution executives navigate deals across a range of company sizes, sectors and ownership structures.
Our three panelists ...
- Premium
- Premium
The evidence of a slowdown is inescapable at this point. The residential construction boom will take at least a few years -not a few months -to unwind. Both home sales and residential construction activity are unlikely to rebound until mid-2009 and possibly later. Meanwhile, industrial distributors will face an overall slowing market, although some manufacturing sub-sectors will experience robust growth in 2008. ...
- Premium
Sonepar will likely keep Hagemeyer as a standalone operation after acquiring certain of its assets from Rexel. The plan will probably be to keep it as a standalone operation,"Tony Burr, Sonepar USA CEO, tells MDM. "It has a different customer base, predominantly, and a different market approach."
Sonepar USA's parent company -Paris-based Sonepar -has agreed ...
- Premium
MDM: How do you view the current state of the economy?
Tony Burr: We cannot exempt ourselves from what is going on in the economy. The marketplace is difficult. We all see what is happening in construction, and a chunk of our business is in that. We are also in commercial, which is holding up reasonably well. One of the things I did a few years ago when I started buying up companies here for Sonepar was to spread our risk. I moved us away from being totally contractor-related.
That's when we got into the utility- ...
- Premium
This is according to the latest Facilities Trends 2007 report from the Warehouse Education Research Council. The report is a study on physical characteristics of companies'distribution networks based on a survey of WERC members.
The report, done every five years, presents data that distribution managers can use to benchmark facilities and compares today's information with data collected in the last survey to help identify and understand trends and anticipate how current trends may affect ...
- Premium
March sales of durable goods were up 2.3 percent from last month and up 4.8 percent from a year ago. Compared to last month, motor vehicle and motor vehicle parts and supplies were up 4.5 percent and sales of metals and minerals, except petroleum, were up 3.5 percent. Sales of nondurable goods were up 1.0 percent from last month and were up 20.1 percent from last year. Sales of farm product raw materials were up 9.4 percent from last month and sales of beer, wine, and distilled ...
- Premium
I have certainly seen distributors push hard into new product sectors and customer segments in the past five years with great success. You could argue that this trend is the natural outcome of how industrial channels have matured since the 1980s. Systems contracts emerged as the first step to manage MRO industrial supply procurement from a process versus product focus. Yes, there were clearly some similar models in the first part of the 20th century, but manufacturers held a different position in controlling distribution channels. ...
- Premium
Manufacturing businesses have concerns about their organizations'prospects for 2008, according to the latest semiannual forecast issued by the Business Survey Committee of the Institute for Supply Management. While 42 percent of manufacturing respondents predict revenues to be 9.2 percent greater in 2008 than in 2007, the overall expected revenue increase is only 1 percent for manufacturing as 31 percent expect a decline, and 27 percent expect no change.
Here's a breakdown of the survey results:
Manufacturing
Operating rate is currently 78.6 percent of normal capacity.
Production capacity is expected to increase 2.5 percent ...
- Premium
(IDG) strategically fit our business well and they have done a good job on those types of programs with smaller customers, where WESCO's programs tend to be with much larger engagements. … Additionally, they had a number of specialty businesses, some of which lined up nicely with WESCO's strength, such as the manufactured housing area, where we could leverage our infrastructure nicely and bring in some new products sets to get better penetration."
Van Oss said that WESCO felt it had a "full and fair valuation"with its $11.75 bid ($0.05 less than Platinum Equity's bid) and the ...
- Premium
HD Supply White Cap, Costa Mesa, CA, distributor of specialty hardware, tools and materials for large and medium-sized contractors, has entered the Minneapolis-St. Paul market with the opening of a 6,000-square-foot warehouse. More
The Home ...
- Premium
What's the impact for your company? Join MDM on May 22 as three seasoned M&A experts share their insight on the 2008 distribution M&A market. In this two-hour Webcast, you'll hear practical tips from professionals with deep experience helping distribution executives navigate deals across a range of company sizes, sectors and ownership structures.
Our three panelists ...
- Premium