The transaction advances Timken's strategy of focusing on growing its leadership position in engineered bearings.
Day: September 16, 2019
In denying Essendants motion, the court sided with GPC in its contention that Essendant failed to meet its contractual obligations.
A lack of financing, experience and access to talent often keep distributors from engaging in e-commerce, a recent MDM survey found. But having an online sales channel is critical to new customer discovery, MDMs John Gunderson said in a recent webcast, with more than 80% of distributors expecting their online presence to grow moderately or significantly in the next five years.