will open a new Retail Support Center in Fredericksburg,
PA. The 1.1 million square-foot distribution center will
serve many Ace Hardware retail stores throughout
Pennsylvania, New York, Virginia, New Jersey and
Washington D.C. … MRC Global announced in May that
it has entered into 15-year leases to open a new regional
distribution center and operational hub for the Gulf Coast
area in La Porte, TX. The new facility will house more than
400,000 square feet of warehouse space, have more than
75,000 square feet of office space and an extensive pipe
yard to support MRC Global’s customers in the region.
MERGERS & ACQUISITIONS
announced in early
June that it has sold
its Waterworks unit
for $2.5 billion to
Dubilier & Rice. The
divestment will leave
HD Supply with two business units: Facilities Maintenance
and Construction & Industrial. HD Supply also announced
that Will Stengel has assumed the role of president &
CEO of the company’s Facilities Maintenance division …
Home improvement retailer Lowe’s announced in May
that it will acquire Houston-based Maintenance Supply
Headquarters (MSH), a distributor of MRO products to the
multifamily housing industry, for $512 million. MSH has 13
distribution centers that serve customers in 29 geographic
areas, mostly in the western, southeastern and south central
U.S. … Nearly two months after initially announcing they
were in negotiation talks, Lincoln Electric and Air Liquide
each announced April 28 that the companies have reached
an agreement for Lincoln Electric to acquire subsidiary Air
Liquide Welding for approximately $125 million … Nautic
Partners announced in May that has acquired Endries
International and certain Endries-related affiliates from
Ferguson Enterprises and its affiliates. Endries is a
Brillion, WI-based distributor of fasteners and Class-C parts
serving industrial OEMs worldwide … In early June, Klein
Tools announced the acquisition of the General Machine
Products Company (GMP) business based in Trevose, PA.
GMP is a worldwide supplier of specialty cable placement
tools and equipment.
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