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BREAKING NEWS - July 16, 2008

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Wolseley’s profits slump 28 percent 

Revenues for the 11 months ending June 30 rise 1 percent, as housing downturns on both sides of the Atlantic hit the British building materials distributor’s results.  More
Niantic Seal buys Northeast Rubber Products 

Sealing products distributor acquires Massachusetts-based o-rings, hose and fittings distributor.  More
Grainger’s 2Q sales rise 10 percent

Broad-line MRO distributor’s 2Q sales top $1.7 billion; net earnings rise 8 percent to $113 million.  More

Applied Industrial Technologies to buy Fluid Power Resource businesses for $170 million

MRO distributor to acquire seven of FPR’s fluid power distributorships.  More
Flood destroys Iowa Midland Supply headquarters

Update on the flooding in the Midwest. More


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