Manufacturing PMI Hits Contraction for First Time in 29 Months
The industrial manufacturing barometer fell another 1.2 points from October, continuing its year-long slide.
Manufacturing PMI Hits Contraction for First Time in 29 Months Read More »
2022
U.S. Senate Overwhelmingly Votes to Avoid Freight Rail Strike
The rare, bipartisan legislation heads to President Biden’s desk, where his expected signature would avert what NAW calls a catastrophic labor strike.
U.S. Senate Overwhelmingly Votes to Avoid Freight Rail Strike Read More »
Home Depot Buys 100MW of Solar Energy to Scale Renewables Effort
The energy will generate the approximate equivalent of nearly 8% of the company’s total electricity usage, The Home Depot said.
Home Depot Buys 100MW of Solar Energy to Scale Renewables Effort Read More »
Grainger Announces New VP of Infrastructure
Jeff Whittemore joins Grainger after spending nine years with Ulta Beauty.
Grainger Announces New VP of Infrastructure Read More »
Nidec to Buy Italian Tool Maker Pama for $108M
Japan-based motor maker Nidec announced it will buy Italian machine tool maker Pama for approximately $108 million (roughly ¥15 billion), according to a company news release and a report from Japanese news magazine Nikkei Asia. On Nov. 30, Nidec said it passed a resolution to approve purchasing the shares of Pama and its nine affiliates.
Nidec to Buy Italian Tool Maker Pama for $108M Read More »
Standard Locknut Acquired by Private Equity Firm
Minnesota-based private equity firms Tonka Bay Equity Partners and Northstar Capital partnered to invest in Standard Locknut.
Standard Locknut Acquired by Private Equity Firm Read More »
ERIKS North America Hires New CFO
David Brown joins ERIKS with more than 15 years of senior leadership experience and 25 years of financial roles in accounting and finance.
ERIKS North America Hires New CFO Read More »
Airgas to Open Nevada Distribution Center
The company said it will open the new center in Henderson to serve customers and retail branches in Western U.S. states.
Airgas to Open Nevada Distribution Center Read More »
Amazon Web Services Launches AWS Supply Chain App
The app aims to help businesses better manage their inventory demands.
Amazon Web Services Launches AWS Supply Chain App Read More »
Why Amazon Doesn’t Mean the End of Distribution
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Why Amazon Doesn’t Mean the End of Distribution Read More »
Jon-Don Acquires Distributors Norkan, CRT Industrial
Jon-Don has acquired Norkan Industrial Supplies and CRT Industrial Equipment.
Jon-Don Acquires Distributors Norkan, CRT Industrial Read More »
November M&A Roundup: Deal Activity Slows as 2022 Winds Down
For the month, MDM reported 22 mergers and acquisitions among industrial distributors, the lowest total since May.
November M&A Roundup: Deal Activity Slows as 2022 Winds Down Read More »
Former Builders FirstSource CEO Flitman to Lead US Foods
US Foods announced the CEO appointment of Dave Flitman one week after Builders FirstSource announced his departure.
Former Builders FirstSource CEO Flitman to Lead US Foods Read More »
ERIKS North America Names New HR Leader
ERIKS ranked No. 4 in MDM’s 2022 Top Hose/Accessories Distributor list.
ERIKS North America Names New HR Leader Read More »
New Orders for Durable Goods Up 1% in October
This increase, up seven of the last eight months, followed a 0.3% increase in September.
New Orders for Durable Goods Up 1% in October Read More »
SKF Increasing Regional Capabilities Across Asia
The next phase of the bearing and seal manufacturer’s expansion is expected to complete in 2024.
SKF Increasing Regional Capabilities Across Asia Read More »
Quicktake: Reshoring/Nearshoring Impacts for Industrial Distribution
James Dorn of the Dorn Group joins MDM’s Tom Gale to discuss ‘shoring’ opportunities and strategic implications for distributors. The industry is moving from digital-defining seamless service to a broader supply chain transformation that mitigates risk for customers by creating better transparency and deeper engagement.
Quicktake: Reshoring/Nearshoring Impacts for Industrial Distribution Read More »
DXP Enterprises Raises Another $105M for Operational, Financial Flexibility
The distributor said the added funds will enable it to reinvest in the business and pursue further organic growth and targeted acquisitions.
DXP Enterprises Raises Another $105M for Operational, Financial Flexibility Read More »
OneSource Founder Zamarripa Joins Distribution Solutions Group Board
Bob Zamarripa was OneSource Distributors’ Chairman and CEO until 2013 and has served on numerous other boards of leading industrial distributors and manufacturers.
OneSource Founder Zamarripa Joins Distribution Solutions Group Board Read More »
Walter USA Relocates Technology Center, Business Operations to South Carolina
The precision tools maker said the move from Waukesha, Wisconsin, was done to be closer to its growing customer base.
Walter USA Relocates Technology Center, Business Operations to South Carolina Read More »
