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2020

WESCO International and Anixter International Announce Merger

Leave a Comment / Mergers & Acquisitions, News, Operations /

WESCO International, Inc. (NYSE: WCC), a leading provider of electrical, industrial, and communications MRO and OEM products, construction materials, advanced supply chain management and logistics services, and Anixter International Inc. (NYSE: AXE), a leading global distributor of Network & Security Solutions, Electrical & Electronic Solutions, and Utility Power Solutions, today announced that their boards of directors have unanimously […]

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Why Distributors are Revamping Their Sales Coverage Plans

Leave a Comment / Uncategorized /

B2B distribution sales managers generally believe that driving sales is all about hiring, retaining and managing the best account managers. You hire the most skilled outside account managers you can, and then pair them up with excellent inside sales support. Then, the more calls your skilled account managers can make on customers, the more the

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Manufacturing Employment Fell by 12,000 in December

Leave a Comment / Economic Trends, News, Research /

Total nonfarm payroll employment rose by 145,000 in December, and the unemployment rate was unchanged at 3.5%,according to the U.S. Bureau of Labor Statistics. Notable job gains occurred in retail trade and health care, while mining lost jobs. Manufacturing employment was down by 12,000. Employment in the industry changed little in 2019, growing by 46,000, after increasing in 2018 by 264,000.

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News Digest 5001

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Distributor WESCO International Inc., Pittsburgh, has confirmed that it is seeking to acquire Anixter International Inc., Glenview, Illinois. The offer is valued at $90 per Anixter share. The offer came one day after Anixter reported it had agreed to a bid worth $86 per share and $2.50 per share contingent value rights from private equity firm Clayton, Dubilier &

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Motion Industries Names VP of Central Group

Leave a Comment / Human Resources, News, Operations /

Motion Industries, Birmingham, Alabama, a subsidiary of Genuine Parts Company (NYSE: GPC), has named Chris Pacer to vice president of the company’s newly formed Central Group. Pacer has more than 24 years of experience within the industry and has spent the last 22 years with Motion Industries, which were dedicated to various key roles throughout the organization.

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December’s Top Blogs Reveal How Market Changes Could Affect Distribution

Leave a Comment / MDM Blog /

The last month of 2019 saw MDM readers interested in advice for the new decade. From tips on competing with Amazon Business to discussing how to appeal to the next generation to the story of how one company reinvented itself, our readers were most interested in ways to get ahead of the curve. Follow the links

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ORS Nasco and MEDCO Name President & CEO

Leave a Comment / Human Resources, News, Operations, Safety Products /

ORS Nasco, a wholesaler of industrial and safety supplies, and MEDCO, a wholesale distributor of automotive aftermarket tools and collision repair products, have named Kevin Short as president and CEO. The two companies were acquired by One Equity Partners from Essendant in October 2019. Most recently, Short was president of Plaskolite, a global leader in plastic sheet manufacturing

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Imperial Dade Acquires American Paper & Plastics

Leave a Comment / Mergers & Acquisitions, News, Operations /

Imperial Dade, Jersey City, New Jersey, a national distributor of disposable food service and janitorial supplies, has acquired American Paper & Plastics, City of Industry, California, a distributor of foodservice and janitorial products. Terms of the transaction were not disclosed. The acquisition strengthens Imperial Dade’s California presence while enhancing the company’s differentiated value proposition to customers

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Winsupply Acquires Plumbing and Heating Distributor

Leave a Comment / Mergers & Acquisitions, News, Operations /

Winsupply Inc., Dayton, Ohio, has acquired Rosen Supply, Tacoma, Washington, a plumbing and heating wholesale distributor in the western Washington State region. Details of the asset purchase were not disclosed. Rosen Supply has six locations serving the Greater Puget Sound region including five distributor branches, two of which have showrooms, and a standalone showroom. The three showrooms are

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The Goods and Services Deficit Decreased in November

Leave a Comment / Economic Trends, News, Research /

The goods and services deficit was $43.1 billion in November, down $3.9 billion from $46.9 billion in October, revised, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis. November exports were $208.6 billion, $1.4 billion more than October exports. November imports were $251.7 billion, $2.5 billion less than October imports. The November decrease in

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Foundation Building Materials Acquires Associated Drywall Suppliers

Leave a Comment / Mergers & Acquisitions, News, Operations /

Foundation Building Materials Inc, (NYSE:FBM) Tustin, California, has acquired Associated Drywall Suppliers, Inc., an independent distributor of drywall, metal framing and suspended ceiling systems serving the greater Louisville, Kentucky market. Terms of the transaction were not disclosed. “The addition of Associated builds our residential market presence, and complements our existing commercial footprint in Louisville, Kentucky,”

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