Atlas Copco, a global industrial group of companies based in Stockholm, Sweden, said it plans to sell its electric tool business, which consists of two divisions: AEG Electric Tools, acquired in 1991, and Milwaukee Electric Tool, acquired in 1995.
Noland Co. (Newport News, Va.) opened a newly built $5 million, 51,000-sq.-ft. sales and distribution center in Bonita Springs, Fla., to serve as headquarters for its growing network of plumbing and HVAC branches in southwest Florida.
Orlando, Fla.-based Hughes Supply has acquired Todd Pipe & Supply, Hawthorne, Calif., which Hughes described as “the largest independent wholesale plumbing supplier in the high-growth markets of Southern California and Las Vegas.”
Robert (Bob) L. Rombach of Dearborn, Mich., an independent manufacturers rep, received a pendulum clock and a plaque from Basco Shower Door Co. in recognition of his 31 years spent representing the company in Michigan.
GROHE America Inc., announced that Texas Pacific Group (TPG) and Credit Suisse First Boston Private Equity (CSFB Private Equity) have purchased German-based parent GROHE Water Technology AG through a consortium agreement with previous owner BC Partners (BC Funds).
Hughes Supply Inc. (Orlando, Fla.) announced it has completed the acquisition of Todd Pipe & Supply, the largest independent wholesale plumbing supplier in the high-growth markets of Southern California and Las Vegas.