UPDATE

By Staff -- Industrial Distribution, 8/1/2000

Company News

The B-H Tool & Supply Co. in Sterling Heights, Mich., will celebrate its 65th anniversary in November ...Bisco Industries, Inc., opened a new facility in Livonia, Mich. ...Industrial Machinery & Engineering, Inc., is the new Michigan distributor for the Eurotech Elite line of turning centers ... TruServe Corp. announced a strategic partnership with United Purchasing Affiliates...Pinnacle Tool & Supply, a distributor of cutting tools, abrasives and other industrial supplies, opened for business in March in Toledo, Ohio ...Schaefer Systems International, Inc., formed a new division to offer turnkey installations. .. Tornos Technologies U.S. Corp. selected the following new distributors: Northstar Technologies of New York, Regal Machine Tool of Texas, and JMB Technologies of Pennsylvania ...Orchid Automation will supply a quick die change system for Sanderson Industries, a Tier One automotive stamper ... Cleating Resources and Trico Belting formed a corporate alliance to provide fabricated conveyor belting and WallMasterTM sidewall belts ...Marmon/Keystone Corp. now provides OEM customers with finished parts through its value-added services program...

Acquisitions & Mergers

Ohio manufacturer Cardinal Fastener & Specialty Co. acquired the assets of Dukane Fasteners... Industrial belting distributor Turner Supply Co. agreed to acquire the assets of The Young & Vann Supply Co. of Birmingham, Ala ....Tenaquip Ltd. of Quebec acquired the industrial supply division of Emsco Ltd. of Ontario. ..Rexel, Inc., agreed to acquire Maverick Electric Supply, Inc. of Dallas, Texas...Cortech Engineering of Anaheim, Calif., acquired the assets of Flo-Line Technology, a subsidiary of Texas Process Equipment ...Georgino Industrial Supply, Inc., acquired Harris Pump & Supply of Pittsburgh, and T & L Supply in Wheeling, W. Va....Ingersoll-Rand acquired in excess of 93 percent of the shares of Hussmann International... Parker Hannifin Corp. agreed to acquire Wynn's International, Inc. ...Textron Fastening Systems acquired Advantage Molding and Decorating...

Awards

Hardware distributor The Bostwick-Braun Co. was named one of northwest Ohio's Entrepreneurs of the Year by Ernst & Young ...Power/mation employees voted for the following Top Ten Vendors: Baldor Electric, Banner Engineering, Encoder Products, GE Fanuc, Horner Electric, KB Electronics, Nexen, Red Lion Controls, Superior Electric and Turck...Kennametal Inc. was named a Supplier of the Year by General Motors Corp. for the 4th consecutive year.

Send Update information to senior editor Susan Srikonda, 275 Washington St., Newton, Mass., 02458; call (617) 558-4722; fax to (617) 558-4327; or e-mail to ssrikonda@cahners.com.