BNET Industries

Market Cap:$567.3M
Last Fiscal Year Sales:$1.1B
  • Public
  • US
Dow Jones Description

We are a leading national distributor and direct marketer of maintenance, repair and operations (MRO) products. We have one operating segment, the distribution of MRO products. We stock approximately 100,000 MRO products in the following categories: plumbing, janitorial and sanitary, electrical, lighting, hardware, security, heating, ventilation and air conditioning and other miscellaneous products. Our products are primarily used for the repair, maintenance, remodeling and refurbishment of properties and non-industrial facilities. We are able to realize high margins by focusing on repair, maintenance, remodeling and refurbishment customers, who generally make smaller, more frequent purchases and require high levels of service. Our diverse customer base includes facilities maintenance customers, which consist of multi-family housing facilities, educational institutions, lodging and health care facilities, government properties and building service contractors; professional contractors who are primarily involved in the repair, remodeling and construction of residential and non-industrial facilities; and specialty distributors, including plumbing and hardware retailers. Our customers range in size from individual contractors and independent hardware stores to apartment management companies and national purchasing groups. ...

Chief Executive Officer
Michael J. Grebe
Number of Employees 3,552
Contact Information

801 W Bay St

Jacksonville, Florida 32204

interlinebrands...

(904) 421-1400

NAICS Code Hardware Stores: 444130

Recent Events

  • The Florida Times-Union, Jacksonville, Mark Basch column: While Jaguars tickets lag, Weaver's Shoe Carnival sells...

    11/23/09 - Bond / Stock Rating - View Story

  • Interline Brands Q3 Profit Declines - Update

    10/30/09 - Financial Announcement - View Story

  • Barclays Downgrades Interline Brands IBI to Underweight

    9/11/09 - Bond / Stock Rating - View Story

  • DXP, Interline Brands report quarterly results

    8/02/09 - Product Announcement - View Story

  • Interline 2Q earnings dip 41%

    7/31/09 - Financial Announcement - View Story

  • Interline Brands Simplifies Identity and Password Management with A10 Networks

    7/20/09 - Licensing / Contract - View Story

News & Analysis

interline brands inc. - All News and Analysis

  • Interline Brand Q4 2007 Earnings Call Transcript

    Seeking Alpha - 2008-02-22

    Question-and-Answer Session Operator Operator Instructions Your first question will be from the line of Yi-Dan Wang of Lehman Brothers. Yi-Dan Wang – Lehman Brothers First question was regarding your comments about the continued strong programs of investment in 08 and I think you talked about...

    Tags: Interline Brands Inc.

  • Interline Brands Q3 2007 Earnings Call Transcript

    Seeking Alpha - 2007-11-02

    Question-and-Answer SessionOperator Operator Instructions Your first question comes from the line of Michael Rehaut with JP Morgan. Jen Consoli - JP Morgan Hi. This is Jen Consoli on the line for Mike. Good morning. Michael Grebe Good morning, Jen. Jen Consoli - JP Morgan Two quick questions here, the...

    Tags: Interline Brands Inc.

Decision Makers

Name (plus bio) Position
Michael J. Grebe Chief Executive Officer
William P. Sanford President and Chief Operating Officer
Kenneth D. Sweder Executive Vice President & Chief Operating Officer
Lucretia Doblado CIO
Thomas J. Tossavainen Chief Financial Officer
William E Sanford Chief Operating Officer
William R. Pray Chief Merchandising Officer
Annette Ricciuti Vice President, Human Resources
Brian Mendelson Vice President, Sales
David C. Serrano Controller & Vice President, Finance
Fred Bravo Vice President, Field Sales
Hugh H. Bryan Vice President, MIS
Jim Spahn Vice President, Distr
Laurence Howard General Counsel & Vice President
Pamela L. Maxwell Vice President, Markting
Tony Faralli Vice President, Customer Service
Robert Bierlein Director, Advertising

Board of Directors

Name (plus bio) Position
John Gavin Lead Independent Director, Nominating & Governance Committee Chairman, Audit Committee Member
Barry J. Goldstein Chairman
Ernest Jacquet Chairman
Charles Santoro Board of Directors
Drew T. Sawyer Board of Directors
Gideon Argov Board of Directors
Michael E. Dedomenico Board of Directors

Michael Grebe is the Chairman and Chief Executive Officer of Interline Brands, Inc. Michael has served with Interline since November 1998. Prior to his career at Interline, Michael was a Group Vice President of Airgas, Inc., the largest U.S. distributor of industrial, medical and specialty gases, welding and related safety products. Michael has also served as a U.S. Naval Officer in the Naval Nuclear Propulsion Program, and worked with AB Bonnierforetagen, a Swedish multi-national publishing company. Michael currently serves on the Board of Directors of Restaurant Technologies Inc. and Leadership Jacksonville, and is a graduate of the University of Michigan.

Organization Position Status
Interline Brands, Inc. Chief Executive Officer Current
Interline Brands, Inc. President Former
Restaurant Technologies, Inc. Director Current
Leadership Jacksonville Board of Directors Current
Airgas, Inc. Group Vice President Former
University of Michigan Graduate Former
Interline Brands, Inc. Director Former

Organization Position Status
Interline Brands, Inc. President and Chief Operating Officer Current

Mr. Sweder has served as our Chief Operating Officer since October 2008. Mr. Sweder joined Interline Brands in April 2007 as our Chief Merchandising Officer. Prior to joining us, he was the First Vice President of Property Operations Strategy at Equity Residential Properties, a management consultant at Bain & Company, and a Vice President within the Corporate Banking division of PNC Bank. Mr. Sweder received his undergraduate degree from Miami University in Oxford, Ohio, and his MBA from the University of Chicago Graduate School of Business.

Organization Position Status
Interline Brands, Inc. Executive Vice President & Chief Operating Officer Current
PNC Bank Vice President Former
University of Chicago Graduate School of Business MBA Former
Miami University Undergraduate Degree Former

Organization Position Status
Interline Brands, Inc. CIO Current
The Bombay Company, Inc. Chief Information Officer Former
The Bombay Company, Inc. Senior Vice President Former

Thomas J. Tossavainen has served as Chief Financial Officer of Interline and Interline Opco since May 10, 2005. Mr. Tossavainen also serves as the Vice President, Finance and Treasurer of Interline and Interline Opco, a position he has held since June 2004 in respect of us and August 2001 in respect of Interline Opco. Prior to joining us, Mr. Tossavainen served as the Director of Strategic Projects Treasury at Airgas, Inc. from August 2000 to August 2001 and in other positions with Airgas from 1996. Prior to that time, Mr. Tossavainen served in various financial positions for other organizations, including KPMG Peat Marwick LLP. Mr. Tossavainen is a Certified Public Accountant.

Organization Position Status
Interline Brands, Inc. Chief Financial Officer Current
Interline Brands, Inc. Vice President, Finance Current
Interline Brands, Inc. Secretary Current
Airgas, Inc. Director of Strategic Projects Treasury Former
Airgas, Inc. Treasurer Former

William E. Sanford has served as our Executive Vice President since January 2002 and as our Chief Operating Officer since June 2004. Previously, he served as our Chief Financial Officer and Secretary from April 1999. Prior to joining us, Mr. Sanford served as Vice President, Corporate Development of MSC Industrial Direct Co., Inc., a distributor of industrial supplies, from January 1998 to March 1999. Prior to 1998, Mr. Sanford held various positions at Airgas, serving as Executive Vice President, Vice President – Sales & Marketing from 1993 to 1999 and as President of its Pacific Northwest subsidiary from 1988 to 1993.

Organization Position Status
Interline Brands, Inc. Chief Operating Officer Current
EverBank Financial Corp. Board of Directors Current
Interline Brands, Inc. President Former
Airgas, Inc. President, Pacific Northwest Former
Airgas, Inc. Executive Vice President Former
MSC Industrial Direct Co., Inc. Vice President, Corporate Development Former

William R. Pray has served as a director of our company since October 2001, and as Senior Vice President and Chief Merchandising Officer since March 2002. Prior to joining us, Mr. Pray served as President and Chief Executive Officer of Barnett, Inc., beginning in June 1995. Until that time, Mr. Pray served as Senior Vice President – President of Waxman Industries, Inc.’s U.S. operations, after serving as President of its Mail Order/Telesales Group since 1989.

Organization Position Status
Interline Brands, Inc. Chief Merchandising Officer Current
Interline Brands, Inc. Senior Vice President, Mdsg Current
Waxman Industries, Inc. Senior Vice President Former
Interline Brands, Inc. Director of Our Company Former

Organization Position Status
Interline Brands, Inc. Vice President, Human Resources Current
Temple University MBA In Management and Organizational Development Former
Villanova University MBA In Management and Organizational Development Former
Temple University Master's Degree In Clinical Psychology Former
Villanova University Bachelor's Degree In Psychology Former

Organization Position Status
Interline Brands, Inc. Vice President, Sales Current
Interline Brands, Inc. National Account Manager Former
HMA Inc. Former

David C. Serrano has served as our Vice President of Finance and Corporate Controller of Interline since February 2005. Previously, Mr. Serrano served as our Corporate Controller and as a Divisional Controller of Interline since September 2000. Prior to joining us, Mr. Serrano served as Corporate Controller of Barnett, Inc., a Florida based wholesaler of MRO supplies, from 1990 – 2000, and as Assistant Controller of U.S. Lock Corporation, a New York based wholesaler servicing the Locksmith industry, from 1988 - 1990. Mr. Serrano is a Certified Public Accountant.

Organization Position Status
Interline Brands, Inc. Controller & Vice President, Finance Current

Federico M. Bravo has served as Vice President, Field Sales of Interline since June 2004 and of Interline Opco since October 2001. Mr. Bravo previously served as the National Sales Manager, Director of Sales and Vice President, Sales of Interline Opco. Prior to joining Interline Opco in 1996, Mr. Bravo served as Vice President of Sales of HMA Enterprises, Inc., a Texas-based MRO parts wholesaler, from 1987 to 1996. Mr. Bravo served as Vice President, Sales for Cherokee Holdings, Inc., a Houston based MRO wholesaler from 1985 to 1987.

Organization Position Status
Interline Brands, Inc. Vice President, Field Sales Current
Interline Brands, Inc. Director of Sales Former
Interline Brands, Inc. National Sales Manager Former

Hugh H. Bryan joined Wilmar Industries in September 1995 as Vice President of Information Systems. During his tenure at Wilmar, Mr. Bryan has planned and implemented a substantial renovation of computer, telephone and data communications systems while supporting Wilmar's growth in sales volume, computer user population and distribution locations. Subsequent to Wilmar's acquisition of Barnett, Inc. in the fall of 2000, Wilmar changed its name to Interline Brands, Inc. This new name reflects the company's move to multi-brand marketing. Mr. Bryan was named Vice President of Information Systems and CIO of Interline Brands in May of 2003. Prior to joining Wilmar, Mr. Bryan served for nine years as MIS Director with Today's Man, a men's clothing retailer operating in the Philadelphia, New York, Washington D.C. and Chicago markets. Prior to joining Today's Man, Mr. Bryan was a Manager in the consulting division of Arthur Young where he conducted engagements in strategic systems planning, systems selections, and management of systems development and implementation projects. Mr. Bryan received an MBA with honors from the University of Rochester Graduate School of Management with concentrations in Computer Information Systems and Operations Management, and also earned a BA in Biological Sciences from the University of Rochester, Rochester, NY.

Organization Position Status
Interline Brands, Inc. Vice President, MIS Current

Organization Position Status
Interline Brands, Inc. Vice President, Distr Current
The Crown Group, Inc. Vice President of Sales Former
The Crown Group, Inc. Director of Operations Former

Laurence Howard was appointed Vice President, General Counsel and Secretary in May 2004. Prior to joining us, Mr. Howard was with Bombardier Capital Inc., the financial services arm of global transportation equipment manufacturer Bombardier Inc., for six years serving in various capacities including Vice President Legal Services. Prior to joining Bombardier Capital, Mr. Howard was with First Union Corporation (now known as Wachovia Corporation), serving as Vice President and Assistant General Counsel, as well as Secretary of First Union National Bank of Florida. Mr. Howard is a graduate of the University of Florida, the University of Florida Graduate school of Business and the University of Florida College of Law.

Organization Position Status
Interline Brands, Inc. General Counsel & Vice President Current

Pamela L. Maxwell has served as our Vice President of Marketing since January 2001. Prior to joining us, Ms. Maxwell served as President of Airgas Rutland Tool & Supply Co., Inc., a subsidiary of Airgas and a direct marketing distributor of metalworking products and MRO supplies, from November 1998 to December 2000. During her 17-year career at Airgas, Ms. Maxwell held a variety of positions, ranging from customer support and sales management in the gas distribution division to marketing management in the direct industrial division.

Organization Position Status
Interline Brands, Inc. Vice President, Markting Current
Airgas Rutland Tool & Supply Co., Inc. President Former
Airgas, Inc. Marketing Management Former

Tony Faralli has served as our Vice President of Customer Care & Special Projects since 2001. He joined Interline Brands in 1999 as Director of Customer Care & Inside Sales. Prior to joining Interline, Mr. Faralli was Vice President of Office Operations for Rapidforms Inc. from 1997 to 1999. He also served as Operations Manager for GE Auto Insurance from 1994 to 1997 and began his career as a Regional Operations Manager for Crum & Forster from 1983 to 1994.

Organization Position Status
Interline Brands, Inc. Vice President, Customer Service Current
Rapidforms, Inc. Vice President of Office Operations Former
Interline Brands, Inc. Director of Customer Care & Inside Sales Former
Crum & Forster Regional Operations Manager Former

Organization Position Status
Interline Brands, Inc. Lead Independent Director, Nominating & Governance Committee Chairman, Audit Committee Member Current
Interline Brands, Inc. Board of Directors Current
CSS Industries, Inc. Board of Directors Current
Dollar Financial Corp. Board of Directors Current
Right Management Consultants President Former
Right Management Consultants Chief Operating Officer Former
Right Management Consultants Executive Vice President Former
Right Management Executive Vice President of Business Development Former
Andersen Worldwide Former
Right Management Consultants Director Former
Right Management Consultants, Inc. Director Former

Organization Position Status
Interline Brands, Inc. Director, Advertising Current

Organization Position Status
Interline Brands, Inc. Chairman Current
Interline Brands, Inc. Director Current
Noble Environmental Power Board of Directors Current
Wharton Graduate School of the University of Pennsylvania Bachelor of Science Degree In Economics Former

Organization Position Status
Parthenon Capital Inc. Founder Current
Premium Brands Inc. Owner Current
Boston Symphony Orchestra Inc. Overseer Current
Mentor Partners LLC Chairman Current
Interline Brands, Inc. Chairman Current
I.C. Isaacs & Company, Incorporated Board of Directors Current
Xanboo, Inc. Board of Directors Current
L-3 Communications Ssg-Tinsley Board of Directors Current
Parthenon Capital Inc. Managing Partner Former
Summit Partners General Partner Former
Parthenon Capital Inc. Manager Former
Bain Capital, LLC Principal Former
U.S. Navy Officer Former
Morgan Stanley executed international transactions Former
Astech, Inc Chairman of the Board Former
Paragon Vision Sciences Chairman of the Board Former
First and Marketing Board of Directors Former
CIDCO, Inc. Board of Directors Former
Rosco Laboratories, Inc. Board of Directors Former
Somero Enterprises, Inc. Board of Directors Former
Wilmar Industries, Inc. Director Former
Creditek LLC Director Former
Spheris Inc. Director Former
Stanford Graduate School of Business M.B.A. Former
University of Michigan Masters in Mechanical Engineering Former
University of Michigan B.S. in Mechanical Engineering Former

Organization Position Status
Sterling Investment Partners, L.P. Managing Partner, Co-Founder of Sterling Investment Partners, L.P. Current
Sterling Investment Partners, L.P. Managing Partner Current
Fairway Market Chairman Current
Marine Corps - Law Enforcement Foundation, Inc. Board of Directors Current
Columbia College Director Current
Interline Brands, Inc. Board of Directors Current
Visitors Board of Directors Current
Morgan Stanley Operations Officer of the European M&A Department Former
PaineWebber, Inc. Vice Chairman, Investment Banking Former
Harvard Business School MBA Former
Columbia University B.A Former

Organization Position Status
Interline Brands, Inc. Board of Directors Current
Ceps Board of Directors Current
Parthenon Capital Inc. Managing Director Former
The Parthenon Group Inc. Principal Former
Parthenon Capital Inc. Board of Directors Former

Gideon Argov is President and Chief Executive Officer of Entegris, taking the helm of the company immediately after its merger with Mykrolis finalized on August 5, 2005 - he had served as CEO of Mykrolis since November 2004. Prior to joining Mykrolis, Mr. Argov was managing director of Parthenon Capital, a Boston-based private equity partnership, since 2001. From 1991 to 2000, Mr. Argov led Kollmorgen Corporation as chairman, CEO and president. He served as CEO of High Voltage Engineering Corporation from 1988 to 1991. Mr. Argov currently serves on the boards of directors for Fundtech Corporation and Interline Brands, Inc. Mr. Argov received a BA in Economics from Harvard University and an MBA from Stanford University.

Organization Position Status
Entegris, Inc. Chief Executive Officer Current
Buckens Current
Fundtech Ltd. Chairman of the Board Current
Amazys Holding AG Board of Directors Current
X-Rite, Incorporated Board of Directors Current
Interline Brands, Inc. Board of Directors Current
Breeze-Eastern Corporation Board of Directors Current
Entegris, Inc. Board of Directors Current
Helix Technologies Ltd Board of Directors Current
Kollmorgen Corporation CEO Former
Mykrolis Corporation Chief Executive Officer Former
High Voltage Engineering CEO Former
Kollmorgen Corporation President Former
Parthenon Capital Inc. Managing Director Former
Interline Brands, Inc. Compensation Committee Chairman Former
Kollmorgen Corporation Chairman Former
Mykrolis Corporation Chairman Former
Fundtech Ltd. Board of Directors Former
Stanford University MBA Former
Harvard University BA In Economics Former

Organization Position Status
Nuco2 Inc. Chief Executive Officer Current
Interline Brands, Inc. Board of Directors Current
Praxair Inc. President, Praxair Distribution Former
Union Carbide Corporation Former
Nuco2 Inc. Chairman Current
Georgia State University B.S. Degree In Economics Former
Hofstra University B.S. degree in economics and finance Former
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     IBI $17.29 -0.25 (-1.43% )
Average Volume 127,124
Shares Outstanding 32.46M
Market Cap 561.2M
Year High 18.63
Year Low 6.34
Earnings Per Share 0.83
P/E Ratio 20.83
Dividend N/A
Yield N/A
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