July 2022 M&A Roundup: Momentum Carries into Year’s Second Half
Following a period that reenergized the pace of M&A activity, deals involving packaging companies and international entities kept a brisk pace.
July 29, 2022
Grainger Raises Outlook Again After 2Q Sales Jump 20%
Sales outpaced that of 1Q at the industrial distribution giant, despite slowing throughout the quarter.
Amazon 2Q Sales Rise 7% to $121B
The online retail giant, which doesn’t break out Amazon Business sales in quarterly earnings reports, said overall net loss was $2 billion in 2Q.
Pentair Completes $1.6B Ice Maker Acquisition
The London-based water treatment and sustainability provider finalized a deal to acquire Manitowoc Ice from Welbilt, Inc.
Southwire Opens New Office Following Acquisition
The opening comes as Southwire expands its business following the acquisition of Topaz Lighting Corp. in December 2021.
US LBM Names New Supply Chain SVP
Steve Short will lead US LBM’s building materials sourcing and procurement strategy and supply chain operations, the company said.
