Emerson Acquires Mita-Teknik
St. Louis-based Emerson Electric Co. acquired the wind-power control automation business in an all-cash transaction.
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2021
Arrow Approves $600M Stock Repurchase
The company’s board of directors approved plans to re-buy up to $600 million of common stock through a share repurchase program.
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New Residential Construction Up Slightly
Privately‐owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 1,712,000.
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Factrees Wants to Modernize the Distributor-Manufacturer-Rep Relationship
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Oct. Trade Sales and Manufacturers Shipments Rise
The combined value of distributive trade sales and manufacturers’ shipments for October was estimated at $1,709.1 billion.
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Advance Retail and Food Services Estimates Up
Estimates of U.S. retail and food services sales for November were $639.8 billion, an 18.2% increase over the same period in 2020.
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ABC Supply Opens Another Texas Location
The wholesale distributor of roofing, siding and other select exterior building products opened a new location in Lufkin, Texas.
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Platinum Tools Names New Marketing Rep
The provider of preparation, installation, hand termination and testing of wire and cable named Thomasson Marketing its Western U.S. rep.
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Wholesale Inflation Up 9.6% Over Year
The U.S. Bureau of Labor Statistics says wholesale prices in November were up 9.6% from a year ago, the biggest 12-month jump since 2010.
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Apex Pursuing Solar on Weyerhaeuser Land
The clean energy company says it has reached a deal to develop 1,000 MW of utility-scale solar and solar-plus-storage projects.
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John Brooks Turned COVID into an Opportunity — and Turned Sales on Its Head
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HARDI Revenue Up 16% in October
Heating, Air-conditioning & Refrigeration Distributors International reported average annual sales growth through October at 21%.
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3Q Manufacturing Profits Rise
The Census Bureau says seasonally adjusted after-tax profits in the third quarter of 2021 totaled $254.6 billion.
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L&W Supply Opens New Delaware Location
Chicago-based L&W Supply opens a new Delaware location the same week it announces a new location in Florida.
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WESCO Joins ETIM
The global supply chain solutions and distribution company has joined the product classification standards organization, ETIM said.
Wholesale Sales and Inventories Up
Sales of wholesale merchants in October were up 22.2% from last year, according to data released by the U.S. Census Bureau.
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Boost Customer Confidence, Strengthen Sales Relationships
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Graybar Names New District VP
The electrical, communications and data networking distributor has named Paul Hansen district vice president for its Seattle District.
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L&W Supply Opens New Florida Location
The Chicago-based building materials and specialty products distributor has opened its 15th Florida location, this time in West Palm Beach.
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Core & Main 3Q Sales Rise
The distributor of water, wastewater, storm drainage and fire protection products reported a 38.7% increase in the fiscal 3Q of 2021.
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