‘Slight Improvement’ for FDI
The November seasonally adjusted Fastener Distributor Index of 57.6 was driven primarily by ‘better seasonally adjusted selling momentum.’
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December 2021
TestEquity Partners with Aim-TTi
The Texas-based distributor of electronic test, measurement and production supplies announced a partnership with the U.K.-based manufacturer.
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Southwire Acquires Topaz Lighting
Southwire says the deal supports its growth strategy and builds toward a goal to remain generationally sustainable.
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AD Canada Launches Network to Unite Women
AD Canada’s Women in Industry Network was unveiled last month during the 2021 Virtual AD Supplier Summit.
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Goods and Services Deficit Shrinks in October
The goods and services deficit was $67.1 billion in October, down $14.3 billion from $81.4 billion in September, according to a new report.
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Ferguson Fiscal 1Q Sales Up 26.6%
The company reported 2022 fiscal first-quarter net sales of more than $6.8 billion, a 26.6% increase over the company’s fiscal 1Q in 2021
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Graybar Exec on Strategy Behind New Leadership Roles, M&A Activity
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Fastenal November Sales Rise
Winona, Minnesota-based Fastenal Co. reported last-month sales of more than $524 million, an 18.9% increase over the same month in 2020.
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Cardinal and Zipline Strike Delivery Deal
Cardinal Health and the instant logistics company joined forces to offer on-demand, autonomous aircraft delivery to pharmacies.
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AMETEK Announces Leadership Changes
AMETEK has appointed two new vice presidents/general managers, as longtime SVP Bruce Wilson announces retirement.
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Ace Opens Store in Mexico
Ace Hardware International Holdings says the company opened its first store in Monterrey, Mexico, under a new franchise model.
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Nonresidential Construction Employment Rises
The industry added 31,000 net jobs in November, according to an Associated Builders and Contractors analysis of U.S. labor data.
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ISM: Manufacturing Grew in November
The overall economy grew again as the manufacturing PMI registered 61.1%, according to the Manufacturing ISM Report on Business.
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Beacon Sells Off Solar Products
The roofing material and building products distributor completed a divestiture of its solar products business in a sale to BayWa r.e.
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What the Infrastructure Bill Means for DistributorsÂ
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Oct. Construction Spending Up
Spending during October 2021 was estimated at a seasonally adjusted annual rate of $1.598 trillion, according to the U.S. Census Bureau.
Oct. Construction Spending Up Read More »
