The 2020 Mid-Year Economic Update_long

Day: January 28, 2020

Supply Chain Equity Completes Add-on Acquisition in the Security Hardware Industry

Herbert L. Flake Company, a portfolio company of Supply Chain Equity Partners, acquired International Key Supply, LLC, a leading distributor of security hardware supplies and tools with locations in Farmingdale, New York, and Portland, Oregon. The companies will offer a combined 45,000 unique stocked items of hardware and supplies to security professionals and locksmiths shipping …

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Crane Co. Sales Down 2% in 2019

Crane Co. (NYSE: CR), Stamford, Connecticut, reported 2019 sales of $3.3 billion, down 2% from 2018. Full year 2019 operating profit was $210 million, compared to $441 million in 2018. Fourth quarter 2019 sales were $838 million, a slight decline compared to the fourth quarter of 2018. Fourth quarter 2019 operating loss was $135 million, compared to operating …

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Pentair plc Announces the Resignation of CFO Mark Borin

Pentair plc (NYSE:PNR) has announced that Mark Borin has informed the company of his intention to resign as executive vice president, CFO and chief accounting officer and that he has accepted an operational leadership opportunity at a private, employee-owned company. Pentair has commenced a search for the company’s next CFO, and Borin plans to remain …

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3M Sales Down 1.9% in 2019

3M (NYSE: MMM), St. Paul, Minnesota, reported sales for 2019 of $32.1 billion, a year-over-year decrease of 1.9%. Organic local-currency sales decreased 1.5%. Profit for the diversified manufacturer decreased 14.6% to $4.6 billion. For the fourth quarter, sales rose 2.1% to $8.1 billion. Organic local-currency sales fell 2.6%. Profit decreased 28.1% to $969 million. Total sales …

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Will Promoting Content Over Product Help to Grow Your Business?

In the movie and TV series The Equalizer, the main character helps people even the odds in difficult situations. He “equalizes” things. In distribution or any business, the odds often seem to be against the little guy. Larger companies get larger, mergers and acquisitions seem to undercut your efforts. What’s a distributor to do? The internet …

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