SBP Holdings Acquires Rubber & Hose Distributor in NC
SBP has added Catawba Industrial Rubber Company and Coastal Hose & Rubber, which operate from Charlotte and Wilmington, North Carolina.
September 1, 2022
ISM’s Manufacturing PMI Holds Steady in August
Indices for new orders and employment had solid month-to-month gains, while production, inventories and prices had notable declines.
NAW Hires Former Politico, NAM Exec to Lead Communications
Liz Shrum brings more than two decades of experience in media and communications to NAW, the organization said.
GMS May-July Sales Decelerate, but Still Soar on Pricing Impacts
Sales were up at least 20% year-over-year in all four of the company’s key product categories, though gross margin took a dip.
August 2022 M&A Roundup: Familiar Names Highlight Another Busy Month
MDM reported more than two-dozen mergers and acquisitions during the month of August. Read about them all here.
Dakota Supply Group Acquires Western Steel and Plumbing
DSG expanded its footprint in North Dakota with the acquisition.
Digi-Key Inks Distribution Agreement With Schneider Electric
Digi-Key now offers a wide selection of Schneider Electric’s power, automation and control, and sensor products.
Würth Industry North America Appoints 3 New Executives
The fasteners, MRO and safety products distributor has new leaders CIO and leaders for HR and process management and automation.
HARDI Distributors’ July Revenue Growth Slowed to 16.8%
Average annual sales growth by participants had been in the 24-25% range since January.
Exiger Acquires Fellow Supply Chain SaaS Provider Supply Dynamics
Exiger noted that the SaaS supply chain management market is expected to grow to $19.8 billion by 2025.
