Hughes Supply Announces Acquisition of Ram Pipe and Supply, Inc.
30 Junio 2005 - 3:18PM
PR Newswire (US)
Hughes Supply Announces Acquisition of Ram Pipe and Supply, Inc.
ORLANDO, Fla., June 30 /PRNewswire-FirstCall/ -- Hughes Supply,
Inc. (NYSE:HUG) announced today that it has completed the
acquisition of Ram Pipe and Supply, Inc., a distributor of plumbing
and water and sewer products serving the Yuma, Arizona area. Terms
of the transaction were not disclosed. (Logo:
http://www.newscom.com/cgi-bin/prnh/19990803/HUGLOGO ) Ram Pipe and
Supply was formed in 1989 by Ron Martin, who will remain with the
company. A single branch operation, Ram Pipe and Supply has
developed a strong reputation as the leader in the residential and
commercial plumbing and waterworks markets in the fast-growing
Yuma, Arizona area. The company generated sales of approximately
$14.0 million in its latest fiscal year ended December 31, 2004.
About Hughes Supply, Inc. Hughes Supply, Inc., founded in 1928, is
one of the nation's largest diversified wholesale distributors of
construction, repair and maintenance- related products, with over
500 locations in 40 states. Headquartered in Orlando, Florida,
Hughes employs approximately 9,400 associates and generated annual
revenues of over $4.4 billion in its last fiscal year. Hughes is a
Fortune 500 company and was named the #1 Most Admired Company in
America in the Wholesalers: Diversified Industry segment by FORTUNE
Magazine. For additional information on Hughes Supply, you may
visit http://www.hughessupply.com/ .
http://www.newscom.com/cgi-bin/prnh/19990803/HUGLOGO
http://photoarchive.ap.org/ DATASOURCE: Hughes Supply, Inc.
CONTACT: Arleen Llerandi, Vice President, Investor Relations,
Hughes Supply, Inc., +1-407-822-2989 Web site:
http://www.hughessupply.com/
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