Stanley Black & Decker Announces EVP Changes
Jaime Ramirez steps down as EVP and president in tools & storage, while Robert Raff leads tools as acting EVP and president.
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July 2022
Targray Appoints New CIO
The materials provider for solar, battery, biofuels, energy and agriculture sectors announced the appointment of Sajindra Jayasena.
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AI’s Role in Increasing Sales Rep Efficiency
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Avnet Announces CFO Transition
Corporate Controller Kenneth A. Jacobson will succeed Thomas Liguori as CFO effective September 6, the company announced.
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May Manufacturing Tech Orders Dip; Growth Remains Strong
May orders were down 14% from April 2022 but nearly equal to May 2021 orders with a modest 1% decline.
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US LBM to Acquire Foxworth-Galbraith Lumber Company
The Buffalo Grove, Illinois-based distributor will acquire the building products supplier serving Southwest customers.
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Goods and Services Deficit Drops in May
The deficit was $85.5 billion in May, down $1.1 billion from $86.7 billion in April, the Census Bureau and Bureau of Economic Analysis said.
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MRC Global Expects 14% Sales Increase in 2Q
The distributor also said annual revenue is now targeted at $3.3 billion, up from the previous guidance of $3.1 billion.
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WD-40 Company to Have New CFO
The workshop solutions provider WD-40 Company announced that it will appoint Sara Hyzer as its new chief financial officer.
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Valley Grinding & Manufacturing Acquires Quality Edge
Valley said the acquisition will provide the company with a 30% revenue growth and expand its reaches in the U.S.
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Walmart to Charge Suppliers New Fuel and Pickup Fees
The retail giant will charge extra fees to some of its suppliers to transport goods to its warehouses and stores, according to reports.
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Continental Acquires WCCO Belting
The deal will enable Continental to strengthen its Conveying Solutions business in the agricultural industry, the company said.
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AD Completes Merger with Torbsa Limited
The merger has created a new division called AD Canada and brings 26 independent Canadian distributors with 46 locations into the AD family.Â
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BradyIFS Makes Northeast Splash, Acquires Hill & Markes
It’s the 11th bolt-on deal for BradyIFS since Brady and Individual FoodService merged in 2020, and it raises the company’s annual revenues to more than $1.3 billion.
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Global Industrial Continues Sales Structure Diversification
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Wolfpack Packaging Acquires Supreme Packaging
Wolfpack said the deal has been in the works since early 2022 and will be an important step forward in its expansion efforts.
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Coastal Construction Products Opens New Florida Location
The facility will house a wall-coatings tint line to provide custom-color material and an accessories store for grab-and-go application tools.
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Winsupply Acquires Romar Supply
Romar Supply, which has nearly 100 employees, has been a wholesale distributor of mechanical and industrial PVF and steel fabrications.
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Graybar Names New Atlanta District VP
The company named Paul Woodard as district vice president for Graybar’s Atlanta District, effective July 11.
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Customer Retention: The Golden Goose in Distribution Has New Demands
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