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BREAKING NEWS - May 14, 2008
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Applied Industrial Technologies to buy Mexican PT distributor

Applied Industrial Technologies agreed to acquire Mexican power transmission products distributor Suministros Industriales Enol S.A. de C.V. for an undisclosed amount. More

Hagemeyer to reopen North Carolina location

Electrical distributor to debut renovated Raleigh, N.C., location with a new self-service counter and 30,000-square-foot warehouse. More

PT/MC sales saw moderate growth in 2007

Sales of power transmission and motion control products grew slightly in 2008, according to a report from the Power Transmission Distributors Assn. More

IDG facility in N.C. recovers from tornado

May 9 twister tears part of roof from an Industrial Distribution Group DC in Belmont, N.C., causing no injuries but damages of up to $7 million. More

1Q M&A activity down in manufacturing sector

There were 17 percent fewer buyouts in the manufacturing sector during the first quarter, according to a report from PricewaterhouseCoopers. More

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