Expect Pricing Pressures to Remain High into 2022
Ongoing inflation and supply chain issues likely to impact growth projections into next year.
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2021
Building Material Prices Rise
Construction input prices increased 1.5% in October, according to an Associated Builders and Contractors analysis of recent BLS data.
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R&R Hardwood Sold
Generational Equity, an advisor for privately held businesses, says client R&R Hardwood Distributors, Inc. was sold to a private investor.
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Beacon Honors 6 Veterans
Roofing material and building products distributor Beacon’s 3rd annual ‘Beacon of Hope’ contest rewards veterans with new roofs.
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Pool Corp. Acquiring Florida Company
The company announced it has an agreement with Florida-based company Porpoise Pool & Patio, Inc. and its two main operating subsidiaries.
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Core & Main Finalizes Catalone Acquisition
The water, wastewater, storm drainage and fire protection products distributor has completed the acquisition, which was announced in October.
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Why Core & Main CEO Steve LeClair is Passionate About Training Programs
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Midland Acquires Century Brass
Midland Industries, a portfolio company of Wynnchurch Capital, acquired U.S. plumbing industry distributor Century Brass Products.
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Amazon Expands Operation Sites
The retailer and e-commerce giant will open 3 operations facilities in Alabama, where the company plans to add 500 more jobs by year’s end.
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Sysco Sees Sales Growth
Sales for 2022 fiscal first quarter were $16.5 billion, while operating income increased more than 50% compared with the previous year.
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MRC Global 3Q Sales Up
The global distributor of pipe, valves and fittings and infrastructure products had sales of $685 million in the third quarter of 2021.
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Fastener Distributor Index Improves
The seasonally adjusted FDI rose in October to 56.1 despite continued supply chain disruption, according to a new analysis.
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Cardinal Health Revenue Increases
For its 2022 fiscal first quarter, Cardinal Health reported $44 billion in revenues, a 13% increase over the same period the year before.
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Masonite 3Q Sales Rebound
The manufacturer and distributor of interior and exterior doors reported 2021 third-quarter net sales of $652M, an 11% jump over last year.
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L&W Supply Acquires G. Proulx
Building materials and specialty products distributor acquires the assets of G. Proulx Building Materials, based in Ft. Lauderdale, Florida.
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Curbell Plastics’ Award-Winning Training and Development Techniques
Jinny Kcehowski, associate director of training and development at Curbell, says companies can benefit from robust learning directives.
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FleetPride Acquires Garden Spot
FleetPride Inc., an after-market distributor of truck and trailer parts and services, has acquired Garden Spot Frame & Alignment.
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Rexel Finalizes Mayer Acquisition
International multichannel distributor Rexel closes its much-talked-about $456 million acquisition of Alabama-based Mayer Electric.
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Olympic Steel Has Record 3Q
For the third quarter of 2021, national metals service center Olympic Steel, Inc. reported net income of $44.5 million.
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US Foods 3Q Sales Rise
US Foods Holding Corp. reported that 2021 third-quarter sales were $7.9 billion, a 34.9% increase over the same period in 2020.
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