Update: Industrial Distribution Group After the Tornado
Early in the morning May 9, Industrial Distribution Group's Belmont, NC, distribution center was hit by a tornado. The distributor suffered an estimated $5 million to $7 million in damages, CEO Charles Lingenfelter told MDM.
The office building, a separate facility, was not hit, but the distribution center was severely damaged. Inventory was damaged by water and flying debris. Fortunately, nobody was hurt because the tornado hit in the middle of the night.
Lingenfelter estimates it will take a minimum of four to six months to repair the facility in part due to lead times on required materials.
Until then, the distributor is utilizing a temporary distribution facility about four miles away that local officials helped the distributor find. IDG has had ...
Update: Industrial Distribution Group After the Tornado Read More »