UPDATE

By Staff -- Industrial Distribution, 11/1/2000

Company News

Sepco, a wholly owned operating unit of DXP Enterprises, Inc., has moved to a new sales and fabrication facility in Houston, Tex. ... Pelican Products, Inc. opened a new distribution center and sales office in Edmonton, Alberta ... Whitney Tool Co., Inc., of Bedford, Ind., is celebrating its 30th anniversary ... CTS Corp. has been awarded a patent for "Resister Network with Solder Sphere Connections" from the U.S. Patent and Trademark Office ... EFC International has expanded into the Atlanta territory with a fully stocked and staffed warehouse facility ... Eaton Corp.'s Cutler-Hammer Group and Vaasa Control of Vaasa, Finland, have formed a joint venture, Vacon Americas ... Ault Inc. has met qualifications for the Partner Laboratory Program sponsored by TUV Rheinland of North America ... Meritage Inc. and Kennametal Inc. have formed a strategic partnership ... Peel Industrial Supplies celebrated the grand opening of its 12,500 sq. ft. warehouse addition with an open house in September ... Best Manufacturing expanded its distribution center in Menlo, Ga., by 67,000 sq. ft. ...Frantz Manufacturing and United Sales Distributors have formed a strategic partnership ...

Acquisitions & Mergers

IMCO Carbide Tool Inc. of Perrysburg, Ohio, acquired Menlo Tool Inc. of Warren, Mich. ... The Bossard Group of Switzerland has acquired Larson & Co., Inc. of Milwaukee, Wis. ... Loctite Corp. agreed to acquire Dexter Corp.'s California-based electronic materials, adhesives and polymer systems business for $400 million ... Christian Dalloz of France has purchased Fendall Co. of Arlington Heights, Ill. ... Regal-Beloit Corp. agreed to acquire Leeson Electric Corp. of Grafton, Wis., for approximately $260 million, and the company also acquired Thomson Technology, Inc. of Vancouver, British Columbia ... Mark IV Industries, Inc.'s stockholders approved a merger between the company and MIV Acquisition Corp. ... Clark Material Handling Co. signed a letter of intent with TBM Holdings, Inc. to sell its Blue Giant unit for $11 million ... Kennametal Inc. and JLK Direct Distribution Inc. have agreed that Kennametal will acquire outstanding shares of JLK ...

Awards

Norton Co. awarded Kaman Industrial Technologies its 1999 Partnership in Total Quality Award ... The IMARK Group received two Best of the Best Awards at the 2000 AdVenture annual marketing awards competition ... E & R Industrial Sales of Sterling Heights, Mich., was one of three suppliers chosen to receive the 1999 DaimlerChrysler Commodity Award ... GE Supply received the Outstanding Customer Service Partner and Outstanding Overall Partner awards from LensCrafters ... Ranson Industrial and Safety Supplies Inc. of Sarnia, Ontario, was awarded the Q-1 Non-Production Suppliers Award by Ford Motor Co. ... Kennametal Inc. received a 2000 Excellence in Manufacturing Technology Achievement Award from American Machinist magazine.

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.