DEAD STOCK
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•THE WHOLESALER® — JUNE 2011 INDUSTRY NEWS
CTI merges with Olympic Steel
romeoVille, ill. — Chicago tube and iron Company announced that it has entered into a merger agreement with olympic steel incorporated of Cleveland, ohio. long-time chair- man robert B. Haigh will be pursu- ing a planned retirement. Donald r. mcneeley, Ph.D. will
continue as president and Coo of Cti, as a wholly owned subsidiary of osi. in addition, Dr. mcneeley will join the Board of Directors of olympic steel, and personally ac- quire an equity stake in the parent company. Both companies acknowledge an
industry trend of customers seeking purchasing efficiencies through one- stop shopping. as osi and Cti have partnered in the past on major ac- counts, it is anticipated that with this merger they position both organiza- tions for a competitive future. according to mcneeley, “Cti’s
and osi’s products and services offer an ideal complement; as while there
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Winston-salem, n.C. — Wholesale plumbing distributor murray supply Company partnered with the muscu- lar Dystrophy association and pro- moted the shamrocks against Dystrophy program by selling $1 and $5 shamrock mobiles and hanging them at the counter area throughout the month of march 2011. shamrocks against Dystrophy is
the nation’s largest charitable cam- paign associated with st. Patrick’s
is no product or value added overlap, there is a beneficial overlap of key customers. it is imperative that we
remain relevant to what has been a loyal customer base.” Cti was founded in 1914 and
through the embracement of sound free market principles, enjoys the dis- tinction of posting 96 years of con- secutive profitability. the combined companies will have approximately $1.5 billion in sales, 1,600 employ- ees, 4 million square feet of facilities, and 30 locations throughout the U.s. and mexico.
Murray Supply Company supports MDA
Day. two million volunteers are the driving force that enables mDa to accelerate its worldwide research program and provide diagnostic and follow-up care through 220 clinics nationwide. mDa has also devel- oped multiple summer camps, sup- port groups, seminars, telethon, special events and many other pro- grams. Visit
www.mdausa.org or www
.murraysupply.com.
OBITUARY Sid Mealor, PDI executive
laWrenCeVille, Ga. — it was with a heavy heart that Plumbing Distrib- utors inc. (PDi) president and Coo Coley Herrin announced that the company’s Ceo sid mealor passed away may 19. His family was with him. as Herrin noted, “sid was a leader
among leaders and was admired and respected by all. He was known as a man of integrity and loyalty, which made decisions, based not solely on gains or profit, but on what was the right thing to do. He truly touched everyone that he was around and was always available to do anything that you needed him to do. He truly cherished giving far more than re- ceiving.
“as the Ceo of PDi, he took the company to a new level and grew the business to a level that no one thought was possible. He did this by always putting others first. He was active in our industry, in sWa, Pma or Wit, as he thought he always needed to give back to the industry. “His family, friends, employees,
customers and the industry that he loved so much will miss him. He was a great employer, father, brother, and most of all, friend.” a visitation was held may 20, fol-
lowed by a service on may 22 at Dac- ula United methodist Church in Dacula, Ga. interment was at Gwin- nett memorial Park.
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