Building Materials Distributor ECMD Acquires Madison Lumber
Huntsville, Alabama-based Madison Lumber specializes in mouldings, boards and pattern stock.
March 2023
UNFI to Lease 1.3M SF Distribution Center in Pennsylvania
UNFI continues to expand its portfolio of facilities in Pennsylvania to accommodate its growing customer base in the Mid-Atlantic region.
Distributor Republic Electric Co. Privately Acquired in Iowa
Republic Electric is a distributor of HVAC and electrical equipment and related components.
Airgas Launches 2023 High School Welding Program
For the 2023 academic year, 14 returning schools and 41 new schools from 22 states are expected to participate in the program.
Data: 77% of NetPlus Distributors Expect to Grow in 2023
Distributors remain confident after a strong 2022 despite signs the economy may be slowing in 2023.
Distribution Solutions Group to Buy Hisco for Up to $319M
DSG will pay $269 million at closing for Hisco, which was No. 39 on MDM's 2022 Top Industrial Distributors list.
Jeld-Wen Names Chief Accounting Officer
The company appointed Michael A. Leon as its Senior Vice President and Chief Accounting Officer, replacing Scott Vining.
Ferguson Invests in Intelligent Homebuilding Platform Higharc
Private equity firm Starwood Capital Group also invested in the homebuilding platform.
March M&A Roundup: Activity Slows After Blistering Start to 2023
The pace of mergers and acquisitions among industrial distributors and manufacturers stalled in March following several strong months.
Hypertherm Details 2 Successful Counterfeit Raids in UAE
The Hypertherm Associates Intellectual Property team started collaborating last year with a Dubai-based law firm to investigate.
Verusen Appoints New CEO, Chief Strategy Officer
CEO Scott Matthews will oversee day-to-day operations alongside Verusen founder Paul Noble, who is transitioning to Chief Strategy Officer.
Plumbing, PVF Distributor Matco-Norca Adds South Sales Leader
Clint Murphree joins the company as its Southern Regional Sales Manager covering New Mexico, Texas, Oklahoma and other states.
3rd Estimate: 4Q GDP Increased 2.6% as Profits Slid
A new government estimate says U.S. real gross domestic product increased at an annual rate of 2.6% in 4Q 2022, down from 3.2% in 3Q.
Data: Trading Partners Share Misalignment Sources, Solutions
A new survey found significant data silos and bad communication between distributors, manufacturers, buying groups and retailers.
How Distributors Can Enhance the Buying Experience with PIM
MDM's latest webcast explored how distributors can leverage PIM software to provide customers with a better buying experience.
US Foods Announces Chief Commercial Officer Promotion
Andrew Iacobucci will oversee the local sales, commercial excellence, merchandising, marketing, CHEF’STORE, US Foods Direct and MOXē teams.
Applied Appoints General Counsel & Secretary
Jon S. Ploetz will lead the company’s global legal affairs, governance and compliance activities, ESG efforts and corporate secretary duties
Rexel USA Acquires Teche Electric Supply in Louisiana
Rexel said the deal continues its goal to bolster services along Louisiana’s Interstate 10 corridor and strengthens its Gulf Central Region.
Packer Fastener Relocates Western Wisconsin Branch
The announcement comes six months after the company said it would add a new branch location in the Twin Cities area.
Data: U.S. Electricity from Renewables Surpassed Coal in 2022
Natural gas remained the largest source of electricity generation, increasing from a 37% share of U.S. generation in 2021 to 39% in 2022.
