Crawford Hires Industrial Sales and Business Development Leader
Richard Landry named to key sales position at Sonepar-owned electrical distributor.
Day: August 27, 2020
More Shakeup in the Building Materials Sector
For the second time in two weeks, the building materials and construction sector saw major consolidation with Builders FirstSource Inc.’s Thursday announcement that it would acquire BMC Stock Holdings Inc. in a $2.5 billion, all-stock merger. Here’s what we know about the deal so far.
TricorBraun to Acquire Price Container and Packaging
Packaging products supplier TricorBraun has agreed to acquire Price Container and Packaging, a rigid packaging distributor serving primarily the industrial and food markets.
HARDI Distributors Report 8.4% Revenue Increase in July
HARDI members also report Days Sales Outstanding (DSO) — a measure of how quickly customers pay their bills — hit a record low of 39 days during the month.
Real U.S. GDP Down 31.7% in 2Q According to ‘Second’ Estimate
The decrease in real GDP reflected decreases in PCE, exports, nonresidential fixed investment, private inventory investment, residential fixed investment, and state and local government spending that were partly offset by an increase in federal government spending.
AD Announces New Leadership in Electrical-U.S. Division
David Kinsella becomes president of Electrical–U.S. Division and Electrical-U.S. Supplier VP John Kudlacek plans to retire.
Kaman Distribution Appoints VP of Supply Chain
Kaman Distribution Group taps former AD, Applied and Rexnord executive Robert Boyle as its VP of supply chain.
Builders FirstSource to Acquire BMC Stock Holdings for $2.5 Billion
Combined company will account for more than $11 billion in annual sales with expectations of annual cost synergies of $130 million to $150 million by the third year.
