Mike Miazga 2016-05-04 05:10:48
THE COLLINS COMPANIES OPENS NEW PA. FACILITY East Windsor, Conn.-based The Collins Companies recently announced it is ready to move into a new facility in Aston, Pa. The company targeted a May 1 date to be fully functional at the new location. The company said the move will increase efficiency by upgrading the current location’s standalone office with three small, detached warehouses in Marcus Hook, Pa., into one 18,000-sq.-ft. state-of-the-art office and warehouse building. Contractors are renovating the entire facility into a distribution center with a newly created two-acre paved and fenced pipe yard. In 2013, Collins acquired Apex Remington Pipe and Supply and agreed to lease the Marcus Hook facility. WINSUPPLY ACQUIRES FLORIDA PVF DISTRIBUTOR Winsupply recently purchased majority ownership of K&J Supply, a distributor of industrial pipe, valves and fittings. Based out of Pensacola, Fla., J&J serves the Gulf Coast region. President Mike O’Neill holds substantial equity in the company that will now do business as K&J Winsupply. Established in 1994, K&J Supply also has a location in Mobile, Ala. It serves the heavy industry, dealing with customers in the power generation, pulp and power, chemical, petro-chemical and shipyard industries. It has 30 employees at the two locations. Winsupply operates four plumbing locations in the same area serving commercial and residential contractors from Mobile to Fort Walton Beach, Fla. In addition to O’Neill, other key managers will be offered the opportunity to purchase equity in K&J Winsupply. HAJOCA ACQUIRES ALL-TEX PIPE & SUPPLY Hajoca Corp.’s acquisition of Dallas-based industrial PVF distributor All-Tex Pipe & Supply recently was completed, an industry source with knowledge of the transaction confirmed to Supply House Times. All-Tex Pipe & Supply ranks No. 90 in the 2016 Supply House Times Premier 150 distributor rankings (based on 2015 sales) and has six branches in Dallas, Fort Worth, San Antonio, Austin, Beaumont and Houston, Texas. Ardmore, Pa.-based Hajoca Corp. ranks No. 7 on the 2016 Premier 150 list and has more than 370 branches nationwide. MID-STATES SUPPLY ACQUIRED BY PRIVATE EQUITY Kansas City, Mo.-based Mid-States Supply recently had substantially all its assets acquired by Staple Street Capital, a leading middle-market private equity firm. The acquisition was effectuated through a successful stalking-horse bid by an affiliate of Staple Street Capital in a Chapter 11 (under the United States Bankruptcy Code) reorganization. “We are thrilled to be partnering with Staple Street Capital,” Mid-States Supply CEO Ben Hurst said. “Staple Street Capital’s emphasis on providing value-added resources, commitment to operational excellence and continuous improvement, and conservative approach to financial leverage makes it a great partner for Mid-States. These are the ingredients we need in a partner to grow and strengthen our position in the industry.” Mid-States is a distributor of industrial valves, pipe, automation products, fittings, steam specialty items and controls. “We are excited to acquire Mid-States and provide the capital, as well as the operating and strategic resources to position the company for long-term growth,” the partners of Staple Street Capital said. “We plan to conservatively capitalize the company and invest in its people, processes and systems to grow the business and further differentiate its product offerings.” COLUMBIA SPECIALTY CO. CONVERTS HEADQUARTERS TO SOLAR Long Beach, Calif.-based industrial PVF distributor Columbia Specialty Co., will convert its existing headquarters and distribution center to a 100% user of solar electricity. The 28,000-sq.-ft. facility in Long Beach will supply 120 Kwh from the 464-panel photovoltaic array mounted atop the building and is estimated to produce 210,000 Kwh of electricity per year, the company stated. Columbia Specialty noted the system, engineered by SolarWorld System Solutions, will reap the renewable rewards of clean production of enough energy to run the two-story headquarters office complex as well as all electric forklifts and material pickers in its distribution warehouse. The system also will run all 15 machining and fabrication centers located at the same facility and will include the installation of EV charging stations for electric and hybrid vehicles. “This investment in renewable stable production and pricing of our electric utilities will enable us to meet the needs of our customers and our associated branch locations for many years into the future,” Columbia President Mike Taylor said. “It will help us remain competitive over time despite the rising costs of electricity produced from other sources. This sustainable alternative is a responsible solution that makes sense financially and environmentally.”
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