McQuay International’s (Minneapolis, MN) Special Markets Group recently held its biannual Spring Distributor Meeting. The event included an awards presentation to the company’s top distributors. The Distributor of the Year for 1998 was Masters Equipment of St. Louis, MO. The 1999 winner was Schwab Vollhaber Lubratt of St. Paul, MN. The award for Total Sales Volume Leader in 1998 and 1999 was a tie between Tri-State Parts of Philadelphia, PA and Brothers Supply of Long Island City, NY.
Detroit Electric (Hazel Park, MI) has been named a PVP Master Distributor for the Detroit area by Marathon Electric (Wausau, WI), a supplier of industrial motors.
The board of directors of Noland Co. (Newport News, VA) has authorized management to repurchase up to 250,000 shares, or approximately 7%, of the company’s outstanding shares of common stock. The company said shares will be purchased from time to time in the open market as business and market conditions warrant. The purchases will be funded from available working capital.
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