Three Big 50 companies populate the top items from the past 7 days on ID, while a pricing best-practices article leads the way.
Here's this week's Top 5:
The Top 10 Pricing Mistakes (article): Atenga CEO Per Sjofors discusses how a surprisingly large number of companies still use simplistic pricing processes and cannot even identify their most profitable customers or customer segments. He gives a list of the Top 10 most common mistakes companies make when pricing their products and services.
Report: Fastenal Planning Major Expansion For NC Distribution Hub: According to a report Monday by the Triad Business Journal, Fastenal is planning to add 20 new employees and 120,000 square feet to its distribution facility in High Point, NC, to support increased demand. The report quotes Fastenal regional operations manager Chris Patrick saying the facility will expand in phases to 295,000 square feet over the next eight or nine years. A total cost for the project was not given.
Kaman Forms Brand For Automation, Control, And Energy Management: Kaman Industrial Technologies – No. 20 on Industrial Distribution's 2014 Big 50 List – has announced that it has launched a new brand, Kaman Automation, Control & Energy or Kaman AC&E, to serve OEMs, industrial production plants, and infrastructure facilities throughout the world. Kaman AC&E has been created through the collaboration of existing resources from within Kaman Industrial Technologies Corporation including its longstanding bearing & power transmission business, Minarik Corporation, which operates its motion & control business, and KIT Zeller, Inc. which operates its automation, power & energy business. The brand will be supported by approximately 500 employees, including more than 75 degreed engineers, who operate out of 27 strategically located facilities throughout the U.S.
Danaher To Become Two Separate Companies: Danaher Corporation announced on Wednesday its intention to separate the company into two independent, publicly traded companies. The transaction will create:
- A science and technology growth company united by common business model characteristics, including significant recurring revenue and an attractive margin profile. The company will retain the Danaher name. Collectively, its businesses generated approximately $16.5 billion in revenues (including Pall Corporation, which Danaher has signed an agreement to acquire), in their most recently completed fiscal years.
- A diversified industrial growth company (NewCo) with market leading positions, strong brand names and tremendous free cash flow generation. NewCo's businesses generated approximately $6.0 billion in revenues in the most recently completed fiscal year.
The transaction is expected to occur through a tax-free separation.
Grainger Opens Oilfield Supply Branch In North Dakota: Grainger – No. 3 on Industrial Distribution's 2014 Big 50 List – has announced the grand opening of its new branch location in Dickinson, ND.
The new branch is 5,000 square feet and offers the Bakken region more than 1.4 million products. Grainger said the location at 3221 Highway 22 will be accessible 24/7 and locally stocks a wide range of inventory specifically tailored to businesses operating in the Bakken oil fields, including a comprehensive offering of safety products and services.