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.
Daily sales increased 5% versus November 2012. Results for the month included 4% points from...
The new 30,000 sq. ft. facility will offer increased inventory for same-day pickup and delivery...
Stream AS, of Norway, is a PVF distributor and provider of flow control products, solutions and...
Organic sales growth was 6% versus prior year. The third quarter performance represents the fourteenth consecutive quarter of year-over-year sales growth with continued growth in Facilities Maintenance, Waterworks, Power Solutions, and White Cap.
B27, LLC was founded in 1978 and is headquartered in Houston, Texas. B27 is a global supplier of sophisticated pump and integrated flow control solutions serving the oil & gas, power generation, air quality, and other industrial markets.
Net sales in November of 2013 were $261,269 (Dollar amounts in thousands), up from $253,493 in the same month of 2012. The daily sales were $13,063, up 8.2% from $12,071 in 2012.
The last quarter was not an especially good one for distributors serving the industrial markets. Sequestration, the government shutdown, and a slowdown in orders overall took its toll on many distributors who had expected the second half of 2013 to be much stronger than the first half.
The acquisition of Safety Solutions expands Grainger's offerings in Ohio, while the specialty brands divestiture streamlines the company's marketing operations in order to realign the long-term focus.
Motion Industries has entered into a definitive agreement whereby Motion Canada has agreed to acquire all of the issued and outstanding common shares of Commercial Solutions Inc. of Edmonton, Alberta. Motion also closed on the acquisition of the assets of Paragon Service & Supply, Inc., headquartered in Lima, OH.
HD Supply Waterworks hired Paul Dreher to lead its fusible piping systems strategy. Dreher will drive the Company’s growth in fusible piping with overall responsibility for its national market presence.
During the quarter the Group generated revenue of £3,470 million, 7.4% ahead of last year and 3.5% ahead on a like-for-like basis. The impact of inflation on Group revenue was negligible. The gross margin of 27.6% was 20 basis points ahead of last year. Operating costs were tightly controlled, particularly where markets are still declining.
Acquisitions in Thailand, Singapore, and France further position the electrical company for a strong 2014, placing the company as the number three player in the Asian market and assisting with their oil & gas offerings.
Commenting on the special dividend payment, President and CEO Robert Eck said, “Our continued strong cash flow generation of nearly $500 million over the past three years has resulted in a debt to total capital ratio of 43 percent at the end of the third quarter, which falls below our target range of 45–50 percent."
National Oilwell Varco, Inc. announced that it has formed a new Delaware corporation, NOW Inc., to eventually serve as the independent, publicly traded company for its previously announced proposed plan to spin off to its shareholders its Distribution Business. The proposed publicly traded distribution business intends to operate under the name DistributionNOW.
Kaman will manufacture most components at its facilities in CT, FL, KS, and VT with final assembly to be completed at the company's Jacksonville, FL facility and delivered directly to Boeing's wide-body assembly line in Everett, WA. The MOA has a potential value, depending on production rates, in excess of $60 million.
The new 132,000 square-foot facility is easily accessible to I-880 and boasts 50% more capacity. Graybar’s Hayward Service Center is one of two regional service centers in California.
Rexel Holdings USA’s 450 U.S. locations collected enough phones to provide 60,090 minutes of free talk time to help active-duty military members and veterans keep in touch with family this holiday season. Employee enthusiasm was a driving force in the campaign, which exceeded expectations in both participation and results.
In 2012, Grainger posted nearly $3 billion in eCommerce sales, representing almost a third of total company sales. This new app will boost access to tablet users, giving them the same access as smartphone users.
This framework agreement enables BP's global project teams (including their engineering and project management services (EPMS) and their engineering, procurement and construction (EPC) contractors) to access MRC Global's international resources to supply PFF products.
Chetnani succeeds Starr in the Treasurer position and joins Kaman from Quanex Building Products, a $1 billion building products manufacturer with multiple independently-run operating divisions. At Quanex, he was a member of the core leadership team and was heavily involved in the company’s recovery following the industry’s economic downturn.
"Our preliminary estimate for third quarter sales reflects solid execution in the midst of market uncertainties," said Joe DeAngelo, CEO of HD Supply. "Our sales growth continues to outpace our estimates of market growth, despite continued sluggishness in non-residential, increased softness in utility, and increased uncertainty in municipal end-markets."
Net sales in October of 2013 were $310,892 (Dollar amounts in thousands), up from $288,540 in the same month of 2012. The daily sales were $13,517, also up 7.7% from $12,545 in 2012.
Bunzl has acquired Wesclean, based in Edmonton, Alberta, a company that is principally engaged in the distribution of cleaning and hygiene equipment and supplies to a variety of customer markets.
The acquisition of C&C and CCTX positions ERIKS for even stronger access to the North American oil and gas markets. C&C is headquartered in Houston, TX. CCTX operates from Edmonton, AL, Canada.
Airgas first announced its agreement to acquire Encompass on October 7, 2013, subject to regulatory approval and satisfaction of other customary closing conditions.
Jack Templin, AD’s President of the Industrial Supply Division shares, “In spite of a challenging economic environment, 2013 is shaping up to be one of the most successful in our history. Whether through geographic expansion, acquisition or innovative solutions and services, our members continue to find ways to grow.”
The new distribution center has 1,564 square feet of training space for presentations and working product displays accommodated by quick disconnects and floor drains for toilets, shower heads, faucets and other products.
EIS, Inc. closed on the acquisition of the assets of Tekra Corporation an independent coater, converter and distributor of specialty films and adhesives. Motion Industries acquired the stock of AST Bearings LLC, a value-added supplier of high precision bearings and related products.
- Page 1