About 100 employees of Crane Plumbing LLC will lose their
jobs when the company shutters its steel plant manufacturing operations at the
end of August.
Profits for electrical distributors in 2006 rose
sharply to the highest level since 1993, reaching a median of 3.7%, according
to the National Association of Electrical Distributors (NAED) in its annual
Performance Analysis Report (PAR).
Home Depot Inc. has agreed to sell its supply
division to three private-equity firms in a roughly $10 billion deal, sources
told Reuters News Agency today.
Brad Lange Sell, 54, who spent more than 30
years in the plumbing-heating-cooling-piping distribution industry, died
shortly after midnight June 16 after a long battle with prostate cancer.
Robert L. Beard, director of operations at Sloan
Valve Co.’s Augusta, Arkansas, foundry, has been named by the Augusta
Industrial Development Corp. as their Executive of the Year.
Bloomberg News reports that the pending sale of HD Supply may have reverberated into private equity offers for Ferguson's UK parent, Wolseley, as well. Read more.
Immediate past president of the North
Central Wholeslaers Association John Ziegler of White Supply, Coldwater, MI,
accepted a plaque in recognition of his service to the organization from
incoming president Jim Wilson of Wayne Pipe & Supply, Fort Wayne, IN, at
the NCWA convention.
Confidence among U.S. homebuilders fell this
month to the lowest since February 1991 as interest rates climbed and
delinquencies surged, Bloomberg.com reports.
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