Aignep Acquires Alpha Technologies
Alpha Technologies is a subsidiary that has been ‘successfully distributing Aignep products’ in North American for years, Aignep said.
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May 2022
Lane Supply Acquires Air Center, Inc.
The acquisition is expected to expand Lane’s presence within the Midwest and enhance its service offerings, the company said.
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Allied Motion Acquires FPH Group
The company says it acquired FPH, a developer of electrical drive systems and light weighting technologies for defense vehicles.
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Field Fastener Names New President and EVP
The inventory management supplier says Chris Pauli will be promoted to executive vice president and CFO.
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Timken Completes Spinea Acquisition
The bearings and power transmission company says it finalized its deal with the and manufacturer of cycloidal reduction gears and actuators.
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Distributors’ Summer Supply Chain Outlook
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Darragh Acquires Service Construction Supply
The commercial construction supply distributor announced the asset purchase of Service Construction Supply and its two locations.
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Epicor Announces ERP Cloud Portfolio Updates
The enterprise software provider this week introduced a variety of new features across the latest release of its ERP Cloud portfolio.
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RBC Fiscal 4Q Sales Up Nearly 124%
The company reported fiscal 2022 fourth-quarter net sales of $358.9 million and gross margin of $137.5 million.
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Allied Motion Acquires ThinGap
The designer and manufacturer of precision and specialty-controlled motion products and solutions completed the deal announced May 9.
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NAHAD Distributor, Supplier Leaders Discuss How They’ve Handled Labor Pains
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Mazak Makes Distribution Changes
The company announced new distribution in Northern Ohio, Virginia, Southern West Virginia, North Carolina and South Carolina.
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Kaman Corp. Reaches $440M Deal With Parker-Hannifin
Kaman announced it will acquire Parker’s aircraft wheel & brake division for $440 million.
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Amazon to Sublease Excess Warehouse Space Amid E-Commerce Slowdown
The company is looking to sublet at least 10 million square feet of excess space following its first quarterly loss since 2015.
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Summit Electric Relocates Phoenix Center
Summit Electric Supply announced that it has moved its existing Phoenix Service Center to a ‘nearby larger facility.’
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Home Depot & Lowe’s Touch on Pro Growth, Digital and Strong Outlook
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Airgas Unveils New Company Tagline
‘Fill Your Potential’ is part of a ‘new inspiring and possibility-driven theme line as part of a communication and marketing campaign,’ Airgas says.
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Imperial Dade Nets 50th Acquisition Under Current Leadership
The packaging and janitorial supplies distributor announced the recent acquisition of North Alabama Chemical.
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Milwaukee Tool Starts Construction for Mississippi Facility
The new location in Grenada County is expected to create more than 800 new jobs when it opens next year.
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ABB Opening Distribution Center in Pennsylvania
A new distribution center will stock more than 5,000 electrical products and reduce delivery times to some customers by up to 50%, ABB says.
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