Manufacturing Tech Orders Surge in January
Manufacturing technology orders for the month totaled $436.6 million, according to the latest U.S. Manufacturing Technology Orders Report.
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2022
Stellar Industrial to Acquire Timesaver
MRO distributor Stellar Industrial Supply announced it has reached a deal to acquire industrial distribution firm Timesaver Industrial Inc.
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Distribution Value Rises with Record 2021 M&A Activity
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How to Spin Data into Profit in 2022
In a recent MDM webcast, ProfitOptics CEO and Founder Tony Pericle summarizes how distributors can overcome supply chain challenges by addressing product availability issues, building better customer-profit models and asking the right questions.
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Beacon Expands in California, Wisconsin
The roofing material and building products distributor says it opened an OTC hub in Pico Rivera, California, and a branch in Little Chute, Wisconsin.
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Graybar Reports ‘Record’ Sales, Income
The electrical, communications and data networking distributor reported 2021 net sales of $8.8 billion, a 20.7% increase compared to 2020.
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NEFCO President’s Son to Become CEO
David Gelles, current president of the construction supply company, says his son Matthew Gelles will succeed him.
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Builders FirstSource Names Chief People Officer
The distributor announced that Amy Bass Messersmith will be joining Builders FirstSource’s executive team effective March 14.
Builders FirstSource Names Chief People Officer Read More »
IDEA eBiz Conference Brings Together Electrical Supply Chain Leaders
The annual event resumed in person this week in Virginia, with 200 industry leaders discussing life in a post-pandemic world, near-term outlooks and building online sales platforms.
IDEA eBiz Conference Brings Together Electrical Supply Chain Leaders Read More »
Inflation Rises 7.9% in February
The year-over-year increase reflected the 12 months ending in February and was the biggest spike in 40 years, the Labor Department says.
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Rockwell Suspends Business in Russia
The automation company announced it was suspending operations and sales in Russia and Belarus, effective immediately.
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City Electric Opens New Store
City Electric Supply Company has opened its 17th store in Houston and 41st overall in the state.
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CD&R to Acquire Cornerstone for $5.8B
The private equity firm says it has reached a deal to acquire the largest manufacturer of exterior building products in North America.
CD&R to Acquire Cornerstone for $5.8B Read More »
NSI Industries Acquires Metallics
NSI announced it has acquired Metallics, a Connecticut-based manufacturer and supplier of fasteners and related supplies.
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How ‘Endless Assortment’ Became a Developing Way to Serve Grainger Customers
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Goods and Services Deficit Rises in January
Exports were $224.4 billion, $3.9 billion less than December exports. Imports were $314.1 billion, $3.8 billion more than December imports.
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Rexel USA CEO to Retire
Rexel USA says Brad Paulsen will succeed Jeff Baker, who is retiring after 15 years but will remain on the company’s board of directors.
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Podcast Guests Reinforce 2022 Outlook, Importance of Tech and Analytics
MDM this year has hosted an array of guests from across the distribution industry, and many of them have reflected similar outlooks: Challenges may persist, but companies are eyeing realistic paths to growth.
Podcast Guests Reinforce 2022 Outlook, Importance of Tech and Analytics Read More »
February FDI Recovers ‘Nicely’
The Fastener Distributor Index recovered in February to 56.0, rebounding after January’s seasonal-adjustment-driven downtick.
February FDI Recovers ‘Nicely’ Read More »
Kimball Midwest Names New CIO
The Ohio-based industrial supplier has named Gautham Jayaraman its chief information officer and senior director of business intelligence.
Kimball Midwest Names New CIO Read More »
