TECSYS also announced today that the Company’s Board of Directors has declared a semi-annual dividend of $0.035/share, to be paid on October 5, 2012 to shareholders of record on September 21, 2012. This represents an increase of 16.7% from the previous semi-annual dividend.
John brings more than 20 years of experience in sales, operations, business development and general management. Prior to joining Cortera, Tusa served as senior VP at a global business process outsourcer, where he launched new revenue channels that increased business development and sales, was responsible for contact center operations that employed 1,800.
The unemployment rate fell to 8.1 percent from 8.3 percent in July. But that was only because more people gave up looking for jobs. People who are out of work are counted as unemployed only if they're looking for a job. The government also said Friday that 41,000 fewer jobs were created in July and June than first estimated.
The partnership will kick off with the launch of a new rewards offering for Ferguson’s customer loyalty program, Ferguson PRO Plus™. In addition to receiving discounts and special offers on business products and services, customers enrolled in Ferguson PRO Plus™ can now earn points for their purchases made on Ferguson Online, the company’s transactional e-commerce and account management portal site for trade customers.
Pennington Rubber Company is a full-line industrial hose and accessory distributor that supplies products to both original equipment manufacturers and end users. Pennington operates as a certified cut-and-couple hose assembler for Goodyear Engineered Products and provides customized solutions for industrial, mobile and institutional customers.
This announcement adds municipal market responsibility to Tencarva’s long-standing relationship with ITT Goulds Pumps in the industrial marketplace. Tencarva has been with ITT Goulds Pumps for over 34 years and has been in the municipal marketplace in Arkansas, Mississippi, and Tennessee since 2001.
The company is adding talent from HD Supply and ProBuild Holdings. The company appointed Shaun J. Heelan as Chief Financial Officer and Mark Garboski as Vice President of Operations. Both will be located at ABS's Sanford, FL headquarters.
After their Annual Partners Conference, Interline Brands and its vendor partners contributed hundreds of faucets, plumbing fittings, bathroom fixtures, HVAC equipment, electrical products, tools, appliances, cleaning supplies, and light fixtures.
Operating income for the second quarter of fiscal 2012 was $103 million, an improvement of $37 million compared to operating income of $66 million for the second quarter of fiscal 2011. The improvement in operating income reflects sales growth of 9.8 percent and an approximately 110 basis point decline in operating expenses as a percent of net sales.
Motion was the only company to receive a Supplier of the Year Award in the Indirect Procurement category. Motion had exceeded in delivering Heinz North America’s key objectives of cost savings, quality, efficiency, and innovation, during fiscal year 2012. This is the first time that Motion or any Indirect supplier to Heinz North America has won this award for two consecutive years.
The acquisition of Zeller’s business expands KIT’s capabilities in electrical, automation and engineered systems, including motion control, machine vision, electrical controls and power distribution. The acquisition increases KIT’s significant field based application engineering force with an additional 60 degreed engineers.
Beginning October 1, 2012, the company will also continue to pass along 3 – 6% higher prices for welding hardgoods and safety products. Cylinder and bulk tank rental rates will increase 6 – 12% effective September 1, 2012, or as contracts permit.
Miller is a driven professional with mastered industry knowledge and extensive sales experience. During his tenure with Grainger Industrial Supply, Miller successfully increased revenue by effectively implementing initiatives focused on innovation, growth and sales excellence.
Dr. Ruscev joins Baker Hughes from Geotech Seismic Services, a Russian seismic company, where he served as Chief Executive Officer. His career includes more than three decades of technology and operations experience in the oilfield services industry.
At a special meeting of stockholders held on the 29th, stockholders voted to adopt the previously announced Agreement and Plan of Merger, entered into in May. Under the terms of the Merger Agreement, the Company's stockholders will receive $25.50 per share in cash at the closing of the transaction.
The performance coatings business of E.I. du Pont de Nemours and Co. caters to the automotive and industrial coatings sectors. The business is expected to have 2012 sales of more than $4 billion. It has more than 11,000 workers. The private equity firm will also take on $250 million of DuPont's unfunded pension liabilities.
The summer 2012 edition of the Electronics Industries Market Data Update, just published, reports the latest global and regional developments in the economy and the electronics industry, including select findings from IPC’s industry statistical programs and leading indicators . . .
The new Women Industrial Supply Executives (W.I.S.E.) organization is comprised of accomplished and influential women from distributor, manufacturer, industrial manufacturer’s representative and service provider firms within the Industrial Supply Association.
Bultz served as Amazon's senior vendor manager for home improvement and tools, managing the electrical, HVAC and home security product categories for the site. Before that, he spent two years at NetSuite delivering solutions for wholesale distributors and manufacturers operating in building materials, industrial supply and home improvement.
Slightly stronger consumer spending and greater exports were the main reasons the Commerce Department reported Wednesday that growth was better than its initial estimate of 1.5 percent. Still, growth has slowed from the 2 percent annual rate in the January-March quarter and the 4.1 percent rate in the fourth quarter of 2011.