October M&A Roundup
Big moves from some of distributions biggest players.
Day: November 7, 2019
Office Depot Reports 3Q Sales Down 4%
Year to date sales were reported at $8.1 billion, down 2.5% over the same period in 2018.
Owens & Minor Sales Down 2.7% in 3Q
For the first nine months, the company reported sales of $7.3 billion, up 0.7% from the same period in 2018.
Total Safety Acquires Pacific Coast Tool
Pac Coast will operate and be integrated under Total Safetys specialty distribution business unit, which operates under the S&S Supplies and Solutions brand.
Manufacturing Sector Labor Productivity Declined 0.1% in the Third Quarter
Nonfarm business sector labor productivity decreased 0.3%.
DXP’s Sales Up 6.2% in 3Q
Net income was $13.1 million, compared to $8.4 million in the year-ago period.
Columbus McKinnon Announces Plans to Close Ohio Plant
The company estimates annual savings of $5 million once the closure is completed.
