| Business Summary | | Industrial
Distribution
Group
is
a
nationwide
supplier
of
cost-effective,
flexible
procurement
solutions
for
manufacturers
and
other
users
of
industrial
maintenance,
repair,
operating
and
production
(MROP)
products.
The
Company
distributes
a
full
line
of
these
products,
emphasizing
its
specialized
expertise
in
product
applications.
Industrial's
principal
product
categories
include
abrasives,
cutting
tools,
hand
and
power
tools,
coolants,
lubricants
and
adhesives.
The
Company
offers
a
full
line
of
industrial
MROP
products,
stocks
specific
items
for
regular
customers
and
can
satisfy
virtually
any
requirement
a
customer
may
have
for
an
MROP
application
or
service. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | IDG
supplies
maintenance,
repair,
operating
and
production
products
and
services,
specializing
in
cutting
tools,
abrasives,
hand
and
power
tools,
coolants,
lubricants,
adhesives
and
machine
tools.
For
the
six
months
ended
6/30/01,
revenues
fell
5%
to
$267.5
million.
Net
loss
totaled
$1.3
million
vs.
an
income
of
$836
thousand.
Revenues
reflect
decreased
customer
demand
due
to
the
slowing
economy.
Net
loss
also
reflects
the
severance
costs
related
to
workforce
reductions. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Richard Seigel, 55 Chairman | -- | Andrew Shearer, 38 Pres,
CEO, Director | -- | Jack Healey, 41 CFO,
Sr. VP, Sec. | $210K | Thomas Aldridge, Jr., 53 Sr.
VP | 209K | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|