Electrical distributors report predictions for a
strong upturn in sales growth in the second quarter 2007, despite a continued decline
during the first quarter, according to NAED’s most recent Quarterly Sales
Change Expectation Survey (QSCE).
IPSCO Inc. (Lisle, IL) and SSAB Svenskt Stal AB
(Stockholm, Sweden) announced that they have entered into an agreement
providing for IPSCO to be acquired by SSAB for US$160 per share in cash for a
total equity value of $7.7 billion.
The International Association of Plumbing and
Mechanical Officials held its annual Technical Committee meeting to review
proposed changes for the 2009 Uniform Plumbing Code and 2009 Uniform Mechanical
Code.
During National Home Remodeling Month this May, the National Association
of Home Builders’ Remodelers encourage homeowners to go green with their
remodeling projects.
Madison, WI-based First Supply LLC acquired the assets of H.W. Theis Co., a Wisconsin-based family-owned business with three locations: Brookfield, Burlington and Oshkosh. This brings to 23 the number of
PetockWolseley’s North American division’s Stock Building Supply and Ferguson operations jointly hosted a large booth at the International Builders Show in Orlando this year as part of its effort to
WinWholesale (Dayton, OH) acquired Ohio-based Tri-State Electric Supply, a regional distributor of electrical products primarily to commercial and residential electrical contractors. Tri-State has branches in Cincinnati, Columbus and Dayton, OH.
PACE Supply Corp., Santa Rosa, CA, declared its first-ever incentive trip a success. From March 1–6 the wholesaler hosted about 230 contractor customers, vendor sponsors, sales executives and its executive
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