George Robert (“G.R.”) Schell, 69, died July 11 in a plane crash. He joined Ferguson (Newport News, VA) in 1962, hired by then-President/CEO David Peebles, when it was still a tiny local company.
Wolseley (Reading, England) signed an agreement to acquire DT Group (formerly known as Danske Traelast), a distributor of building materials, from CVC Capital Partners.
The National Association of Wholesaler-Distributors (NAW) and its LIFO Coalition, the American Supply Association (ASA) and the Heating, Airconditioning & Refrigeration Distributors International (HARDI) are asserting their support of the continuation of LIFO, in response to U.S. Senate Finance Committee hearings to discuss a potential repeal of the LIFO (last in, first out) accounting method.