The DPA Buying Group welcomed seven new distributors to the safety products division of the group, including companies from VA, SC, MO, and FL.
Michael DeCata, president and chief executive officer, commented, “The fourth quarter results reflect our continued progress to improve our operations and add to our sales force. Our previous investments and focus on cost controls now provide a platform for future growth."
"The Federal Reserve reports that industrial production fell 0.3 percent in January, following 0.3% growth in December. The abnormally cold weather caused a 4.1% surge in utility production last month."
For the past decade, China poured money into building new factories, highways and apartment blocks. That propelled explosive growth at home and a flood of money to exporters of iron ore and other commodities such as Australia and Peru. But now, Beijing has put the brakes on that boom.
Revenues for the year increased 9% to a record $3.74 billion. Same-store sales increased 7% reflecting a 9% increase in HVAC equipment, a 3% increase in other HVAC products, and a 3% increase in commercial refrigeration products.
Sales increased 3 percent versus January 2013. Results for the month included 1 percentage point from acquisitions, net of dispositions, and a 2 percentage points decline from unfavorable foreign exchange.
CEO Gallagher: "Sales at Motion Industries, our Industrial Group, were down slightly for the year, our Electrical/Electronic Group was down 2%, and our Office Group sales were down 3% in 2013. Weak demand patterns challenged these three industries throughout the year."
Now that workers have rejected the UAW in a close vote, Republicans are feeling pressure to fulfill promises that keeping the union out means more jobs will come rolling in.
The bad news: You'll be paying more for gasoline in the coming weeks. The good news: You'll likely pay less than last year. Or the year before, or the year before that.
ABB has reported record full-year revenues and higher operational EBITDA, net income and free cash flow despite a challenging market environment.
Rexel’s 2013 performance once again confirmed the strength of its business model in a persistently challenging environment, as well as its structural ability to generate solid cash flow throughout the cycle.
It is with great sadness that the Industrial Supply Association announces the sudden death of John Buckley at the age of 66 on Wednesday, February 12, 2014. John served as Executive Vice President of ISA since July 2004 and began his long and illustrious career in the wholesale distribution industry 30 years ago.
U.S. businesses restocked their shelves and warehouses at a faster pace in December, but sales slowed, a cautionary sign for the economy.
The PTDA Business Index reading for 4Q2013 came in at 60, which is higher than the 52 reading of the 3Q13 index. The survey participants were even more positive in their outlook for 2014.
While 2013 as a whole marks the second consecutive annual decline, deal activity in the second half of the year increased with 83 deals worth $35.7 billion versus 69 deals for $24 billion in the first half. The fourth quarter of 2013 recorded 40 transactions worth $50 million or more.
Matheson Tri-Gas, Inc., a global manufacturer and supplier of industrial, medical, electronics and specialty gases and welding supplies, has announced that it has completed the acquisition of Continental Carbonic Products, Inc. (CCPI), an Illinois-based manufacturer and supplier of dry ice and liquid carbon dioxide.
ESAB, a member of the Colfax group of companies, has announced that Colfax has entered into a binding agreement to acquire Victor Technologies Holdings. The acquisition brings together two leading organizations with world-class products, technologies and R&D.
December U.S. cutting tool consumption totaled $138 million, according to the U.S. Cutting Tool Institute and The Association For Manufacturing Technology. This total was down 11.7 percent from November’s total and down 3.9 percent from December 2012.
Wolseley plc has agreed to acquire Puukeskus, a building materials distribution business in Finland with 23 branches, from funds advised by Triton along with a portfolio of freehold properties used by the business.
The newly established Commission for Logistics and Supply Chain Collaboration, which held its first meeting Feb. 11, aims to develop a statewide strategy featuring a partnership between government and industry in the pursuit of raising the international profile of Michigan’s logistics capabilities.