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Latest Scoop
Sonepar USA Stakes a Bigger Claim in Golden State with Addition of OneSource
Sonepar USA, Philadelphia, continued a dramatic expansion of its presence in the California market as well as Hawaii and parts of the South Pacific. The company last week announced a deal to add OneSource Distributors, Oceanside, Calif., to its group.
Electrical Distributors See Single-Digit Increase in Industry Sales for 2012
Despite it all, distributors are looking for respectable growth in 2012. Electrical Wholesaling’s 2012 national sales forecast calls for a 5.1% increase.
DISC Sees Sluggish Market in 2012
This year started off strong, led by a surge in the industrial market, which grew around 20% in the first quarter. With continued strength in the distributor-served industrial market, we expect to see reasonably good growth overall through the remainder of this year, but that’s where it ends. By this time next year, through the first three quarters of 2012, we will be skimming along at total industry growth just below the zero line.
Going Where the Money Is: The MSAs with the Most Contractor Sales Potential
Despite the declines in purchases of electrical materials by electrical contractors during the recession and the arc of slow growth the industry is traveling along now, a staggering amount of sales potential still exists in the largest metropolitan areas in the United States.
People On The Move
People
Mejia named VP of performance excellence at EGS Electrical Group, NEMA names new board, and more...
On The Wire
Eaton sees hope for U.S. electrical
Eaton Chairman and CEO Sandy Cutler pointed to the U.S. electrical segment as a bright spot, with sales up 11 percent, operating profit up 11 percent and record all-time quarterly revenues.
Lowe’s to sell Vu1 bulbs
Vu1 Corp., New York, says Lowe’s will sell its R30 Electron Stimulated Luminescence (ESL) light bulbs at its 1,725 retail stores beginning in February and on www.lowes.com starting Dec. 1.
Quanta subsidiary wins bid to work on massive oil pipeline
Quanta Services Inc., Houston, said Trans-Canada Corp. has selected Price Gregory Services Inc., one of its operating units, to be part of a joint venture called MPS Constructors LLC that will build 1,179 miles of pipeline and related infrastructure from Hardisty, Alberta, to Steele City, Neb., as part of the TransCanada Keystone XL Pipeline project.
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