‘Go, Go, Go’: How to Build Your Business in Today’s Economy
“Make sure you're making acquisitions — now,” Alan Beaulieu told distributors at last week’s NAW Digital Summit. See why he says companies have the green light to grow.
February 1, 2021
HARDI Distributors Report 21.4% Revenue Increase in December
Association also reports that the average annual sales growth for the 12 months through December 2020 for HARDI distributors is 4.1%.
December Construction Spending Up 5.7% Year-Over-Year
Despite the pandemic, construction spending for 2020 wound up at $1,429.7 billion, up 4.7% from 2019.
Manufacturing Sector Improves in January
The January PMI registered 58.7%, down 1.8% from the December reading of 60.5% but still marking an eighth consecutive month of expansion.
Eaton to Acquire Cobham Mission Systems
In a deal valued at $2.8 billion, Eaton is investing heavily to expand its Aerospace business’s fuel and environmental systems offerings.
Ingersoll Rand Completes Acquisition of Tuthill Vacuum and Blower Systems
The company said this acquisition “fits strategically with the company’s portfolio of air compression technologies and operates under the trade names MD Pneumatics and Kinney Vacuum Pumps.”
Ferguson Completes Disposal of Wolseley UK
The company announced in January it was selling the division to the private equity firm Clayton, Dubilier and Rice for £308 million (US$417.5 million).
