ThursdayFeb 14, 2008 4:57 am

Both Business Segments of DXP Enterprises Inc. (DXPE) Hold Keys to Manufacturing Resurgence

This stock derives value from the support it provides for manufacturing. The latter was an early driver of stock exchange growth, but financial and information technology displaced it in importance for investors over the past two decades. Debates and actions to revive the US economy have rekindled interest in manufacturing excellence as a source of business strength. Quality complaints from China reflect the need to return to American excellence in bulk and continuous production of reliable goods. Maintenance, Repair, and Operating (RMO), as well as Electrical Contracting services, are very important for specialized and high-technology producers. Outsourcing these support services…

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ThursdayFeb 07, 2008 7:02 am

DXP Enterprises, Inc. (DXPE) Announces Strategic Acquisition of Rocky Mtn. Supply, Inc.

DXP Enterprises, Inc. (DXPE) is a products and service distributor that provides pumping solutions, integrated supply and maintenance, repair, and operating and production (MROP) services. DXP announced the completion of the strategic acquisition of the assets of Rocky Mtn. Supply, Inc., a business which provides bearings, power transmission, belting, industrial and hydraulic hose, and industrial supplies. Rocky Mtn. Supply, headquartered in Greeley, Colorado, operates out of six locations in Colorado servicing the Rocky Mountain states. DXP purchased the business for approximately $4.6M, net of approximately $0.6M of acquired cash. The purchase price consists of approximately $3M paid in cash and…

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