The Big 50 list highlights a group of companies who are aggressive and progressive. This year's list shows a significant amount of revenue growth, more than typical amounts of consolidation, and even a notably absent name (Barnes Distribution, now a part of MSC). It’s a tough marketplace, and the strong survive and thrive. If anything in these pages inspires confidence, we hope it’s the leadership of an industry that refuses to slow down.
The 10,000 square foot facility will provide value added services to customers in the Niobrara...
Net sales in February of 2014 were $274,524 (Dollar amounts in thousands), up from $254,861 in...
Abilene, TX-based McCarty Equipment Company has acquired the assets and operations of the Bakersfield, CA location of Alternative Hose.
Since the beginning of its fiscal year, Airgas has acquired 11 businesses with aggregate annual revenues of nearly $82 million.
Industrial Distribution's March/April Issue 2014 goes behind the scenes with Turtle & Hughes, a company who has been in distribution for 90 years and shows no signs of slowing down. The special feature, "A Guide to the Modern Sales Organization" takes a look at how the role of sales has changed in recent years. And as always, columns by Jack Keough, Tom Reilly, and Anna Wells feature the latest in distribution news.
Ferguson, who is based in Kansas City, MO, is now responsible for overseeing the growth and operation of 42 Win companies in IL, KS, MO, and NE.
"The acquisition of B.W. Rogers is the largest to date in our distribution segment and we are excited about the potential of our combined companies,” stated Neal J. Keating, Chairman, President, and CEO of Kaman Corporation.
Lyon succeeds John Lockwood in the position and joins Kaman from Gerber Scientific, a manufacturer and worldwide distributor of integrated automation equipment and software, where he served as Vice President – Corporate Tax.
The company has previously announced that Merrill A. “Pete” Miller, Jr. would step down as Chairman and Chief Executive Officer contemporaneous with the completion of its announced plan to spin off its Distribution Business to its shareholders as an independent, publicly traded company.
Sales for the fiscal year ended December 27, 2013 were $1,598.1 million, a 20.9% increase compared to sales of $1,322.3 million for the fiscal year ended December 28, 2012. On an average organic daily sales basis, sales increased 3.5% for the fiscal year ended December 27, 2013.
Motion Industries, one of the largest industrial distributors in the country, faced a challenging year in 2013 with sales dropping slightly in each of the first three quarters. However, sales increased 3% in the final quarter, encouraging company executives to be optimistic for 2014.
The company has acquired Bäumer Betriebshygiene Vertriebsgesellschaft mbH and its related company Protemo GmbH in Germany. Bunzl has also purchased Oskar Plast sro., based in Prague. The company also reported a 14% revenue increase for 2013.
Andrew R. Lane, MRC Global's chairman, president and chief executive officer, stated, "While 2013 didn't result in the growth we had initially expected, we completed our strategic rebalance of OCTG which resulted in a $251 million drop in annual revenue compared to 2012 but accomplished our goal of reducing our exposure to our most volatile, lowest margin product line."
Is electrical distributor Anixter looking for a buyer? A recent release from Bloomberg says it just might be.
This partnership will provide enhanced support and resources to help accelerate growth for both businesses. As a member of AD, HWCC will be an authorized supplier of electrical wire and cable to market leading independent electrical distributors.
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."
As one of the largest industrial distributors in North America, HD Supply oversees product inventories of more than one million SKUs. As the company grew their SKU count and supplier base, tracking began to get increasingly complex and emails more difficult to manage.
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."
CSI, headquartered in Edmonton, Alberta, is one of Canada's leading independent national distributors of industrial supplies, including bearings and power transmission products, complete solutions for drilling rigs and industrial and safety supplies.
In his new position, DeVoney is responsible for developing new business, operational excellence, and applying integrated supply principles garnered from his 35 years of industry experience.
Net sales in January of 2014 were $293,176 (Dollar amounts in thousands), up from $274,866 in the same month of 2013. The daily sales were $13,326, up 6.7% from $12,494 in 2013.
Dublin Winwater Works product offerings include M&H hydrants, JCM repair fittings, U.S. Pipe ductile iron and EBAA Iron joint restraints. In the WinWholesale business model, the company provides Win and Noland Company locations with support services such as accounting, payroll, IT and marketing.
OEM Supply sales increased by 23.6% from the prior year quarter to a fourth quarter record of $247.6 million, reflecting the continued ramp up of a contract in Europe and improvement in North America heavy truck production levels.
Tom Gallagher, Chairman and CEO of Genuine Parts Company, stated, "We are pleased to have closed on the acquisition of CSI, as we believe they provide Motion with significant growth opportunities across Canada. Likewise, the addition of Electro-Wire and GCN better positions EIS and S. P. Richards, respectively, for future growth."
Excluding $16 million in pre-tax transaction charges, net income was $670 million, or $1.56 per fully diluted share, up 16% from the third quarter of 2013, and up 5% from the fourth quarter of 2012, excluding transaction charges from all periods.
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