Increased acquisition activity in wholesale distribution should be making owners and executives at distribution companies reconsider their strategies for industry consolidation.
The continuous advancing journey of globalization or business’ relentless search for new markets and less expensive suppliers has gotten even more drastic.
Industrial distribution’s 900-pound gorilla is starting to flex its muscle. The Home Depot Supply reported $2.1 billion in first quarter 2006 sales, compared with $657 million in the same period in 2005, thanks several acquisitions.
Safety Equipment Distributors Association (SEDA) members who attended the annual Safety Week meeting from June 25-27 at the Chateau Elan Winery & Resort in Braselton, Ga., came away with great take-home content.
In its recent analysis of the U.S. markets for industrial hearing protection products, Frost & Sullivan named Moldex-Metric, Inc. as the recipient of the 2005 Hearing Protection Products Growth Strategy Leadership of the Year Award.
Economic growth in the U.S. will continue in the second half of 2006, say the nation’s purchasing and supply management executives in their spring 2006 Semiannual Economic Forecast.
Warwick Mills was incorporated in the 1880s as one of the first textile mills in New Hampshire. From its origins as a family-owned cotton-based weaver, the company has emerged as a leading engineer and manufacturer of high-performance materials.
According to the company’s Web site: “The Fastenal Safety Division offers a wide array of products servicing both the industrial and construction markets.â€
The recent acquisition of Hughes Supply by Home Depot set a high bar for valuations of distribution companies. Now may be the best window ever for selling a distribution company.
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