US LBM Acquires Zeeland Lumber & Supply
Following the acquisition, Zeeland’s leadership team will remain with the company, including Mark Miller, who will serve as president, and Mike Dykstra and Rob Groothuis in key leadership roles.
November 2020
October M&A Roundup: Activity Heats Up
M&A activity kicked off the fourth quarter in style, as October registered the highest volume of distribution deals since before the pandemic. Here is our recap of the industry’s latest moves.
HARDI Distributors Report 13.9% Revenue Increase in September
Heating, Air-conditioning & Refrigeration Distributors International (HARDI) this week released its monthly TRENDS report, showing the average sales performance by HARDI distributors was an increase of 13.9% during September.
Manufacturing Sector Grows in October
The October PMI registered 59.3%, an increase of 3.9% from the September reading of 55.4% — and the sixth consecutive month of expansion.
Turtle & Hughes Appoints Kathleen Shanahan to CEO
Electrical distributor appoints co-CEO Kathleen Shanahan to top post; she becomes the first non-family CEO in company history and replaces Jayne Millard.
AD’s Nine-Month Member Sales Down 6%
Buying group also reports that group purchases from AD suppliers were down 2% in the first nine months of 2020.
