Noland Co. reported net income of $9.3 million, or $2.55 per diluted share, for the fiscal year ended Dec. 31, an increase of 14.2% compared with $8.1 million, or $2.20 per share for 1999.
The Plumbing Manufacturers Institute is continuing to work toward building a coalition of support among trade associations and groups in favor of trade show consolidation.
Business News Publishing II, LLC, has acquired Supply House Times from Cahners Business Information. BNP is the owner of the country's leading PHC contractor magazine, Plumbing & Mechanical, which is reunited with Supply House Times after nearly 10 years of separation.
Slowing down its acquisitions program and heavily investing in information technology has strengthened Hughes Supply and better positioned it for future growth, said David Hughes, chairman/CEO.
Hughes Supply has acquired the remaining 51% interest of bestroute.com, an online distributor. Bestroute.com will operate as a subsidiary of Hughes Supply.
Messe Frankfurt, producer of the biennial International Sanitar Heizung Clima, or ISH show, has reached an agreement in principle with the partners of the North American Expo to host a joint trade show in North America in 2002.
The North American Expo, held Oct. 6-7 in Chicago, attracted significantly fewer attendees than anticipated. The final figures revealed there were 9,728 attendees as opposed to the 15,000 expected.
Affiliated Distributors and C.L. Watt have agreed to join forces by Jan. 1, 2001. As a result, A-D will establish a new and separate Plumbing Division.
The Western Suppliers Association and the Pacific Southwest Distributors Association scrapped plans to have a joint meeting in 2001 after failure to resolve differences in opinion regarding funding for the event.
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