Are You Hiring Honestly?
This category can only be viewed by members. To view this category, sign up by purchasing MDM Premium Subscription (monthly) or MDM Premium Subscription (annual).
Are You Hiring Honestly? Read More »
2022
Applied Industrial Technologies Acquires Automation Inc.
Applied continued its investment in the automation industry with its fourth acquisition in that market since 2019.
Applied Industrial Technologies Acquires Automation Inc. Read More »
Global Industrial Opens Toronto Distribution Center, Reports 3Q Earnings
The new DC significantly expands the company’sfootprint in Canada, while its margin and profit dipped in 3Q despite higher sales.
Global Industrial Opens Toronto Distribution Center, Reports 3Q Earnings Read More »
Endries Acquires Alliance Nut & Bolt
It’s the third acquisition of the year for Wisconsin-based Endries.
Endries Acquires Alliance Nut & Bolt Read More »
MDM Podcast: Jay Platt’s Passion for Learning and Communication
Decades before digital transformation became an imperative, Jay Platt, CEO of BlueVolt and former CEO of Platt Electric, was on a mission to improve how his customers, team members and vendors could access information, whether for training, customer support or building a stronger company culture. He’s still at it.
MDM Podcast: Jay Platt’s Passion for Learning and Communication Read More »
Fortna and MHS Global to Retain FORTNA Brand Following Merger
Customers will see the new brand as ‘a global leader in transformative omnichannel and parcel distribution solutions,’ the companies said.
Fortna and MHS Global to Retain FORTNA Brand Following Merger Read More »
October 2022 M&A Roundup: High-Dollar Deals Mark Busy Month
During the month of October, MDM reported on 28 mergers and acquisitions in the industrial distribution and manufacturing sector. Read about them here.
October 2022 M&A Roundup: High-Dollar Deals Mark Busy Month Read More »
Despite Rise in Orders, October PMI Slides to Just Above Breakeven
Key sub-indexes of orders, production and employment each rose from Sepember, but were more than offset by declines elsewhere.
Despite Rise in Orders, October PMI Slides to Just Above Breakeven Read More »
Allied Electronics & Automation Announces President Succession
RS Group’s chief services officer will act as president of Allied in the interim.
Allied Electronics & Automation Announces President Succession Read More »
Nonresidential Construction Spending Ticks Up in September
The construction industry had 422,000 job openings in September, according to an Associated Builders and Contractors’ analysis.
Nonresidential Construction Spending Ticks Up in September Read More »
Beacon Acquires Coastal Construction in Florida, Adds 2 Other Branches and Launches Mobile App
Beacon will create a new specialty waterproofing division as a result of the acquisition.
Crescent Electric to Acquire Georgia Distributor Lowe
Lowe is expected to continue operating under its current, founder-led management team and will be supported by the Crescent platform.
Crescent Electric to Acquire Georgia Distributor Lowe Read More »
Earnings Roundup: Kennametal, Columbus McKinnon, Regal Rexnord, AMETEK
MDM looks at another round of earnings reports from industrial distributors and manufacturers.
Earnings Roundup: Kennametal, Columbus McKinnon, Regal Rexnord, AMETEK Read More »
Endries Names New President and CEO
Michael Knight will succeed longtime Endries President Steve Endries, who will remain with the company.
Endries Names New President and CEO Read More »
Stellar Industrial Supply Acquires SoCal Supplier
Stellar said the deal strengthens its presence in the Los Angeles Metro region as well as the state’s Central Valley region.
Stellar Industrial Supply Acquires SoCal Supplier Read More »
AD Reports Record Member Sales Through Nine Months
Sales increased 26% to $55.8 billion through nine months, the independent distributor organization said.
AD Reports Record Member Sales Through Nine Months Read More »
Baird-MDM 3Q Survey: Distributors Expect Pricing to Increase at Slower Rate in 2023
This category can only be viewed by members. To view this category, sign up by purchasing MDM Premium Subscription (monthly) or MDM Premium Subscription (annual).
Baird-MDM 3Q Survey: Distributors Expect Pricing to Increase at Slower Rate in 2023 Read More »
Report: Prices for Most Goods Rose 6.2% in Sept.
Prices climbed about 6.2% last month compared to a year earlier, the same rate as in August, according to the Commerce Department.
Report: Prices for Most Goods Rose 6.2% in Sept. Read More »
Amazon 3Q Sales Rise 15% to $127B
While sales increased over 3Q 2021, net income decreased to $2.9 billion, or $0.28 per diluted share, Amazon said.
Amazon 3Q Sales Rise 15% to $127B Read More »
Grainger Poised for Strong Finish after 3Q Sales Jump 17%
Sales growth was slower than in 2Q, but Grainger remains on pace to finish 2022 strong.
Grainger Poised for Strong Finish after 3Q Sales Jump 17% Read More »
