Relevant Industrial Expands Valves Team
To lead the team, Relevant has appointed Steve Bernard as Vice President of Business Development.
May 3, 2023
Earnings Roundup: Avnet, Timken, MSA Safety, ITW, BlueLinx
MDM looks at another round of earnings reports from industrial distributors and manufacturers.
March NonRes Construction Spending Up 0.7%
On a seasonally adjusted annualized basis, nonresidential spending totaled $997.1 billion for the month, according to ABC.
Builders FirstSource 1Q Sales Decline 31.6%
The decline in sales was primarily driven by a weak housing market that has plagued the building materials and construction industries for the past year.
Fed Enacts Another Quarter-Point Rate Hike
The central bank lifted rates by a quarter of a percentage point but indicated it may pause further increases.
AFC Industries Acquires Rubber Sealing Distributor EAP Int’l
The distributor of rubber sealing products, O-rings, gaskets and associated technical products marks AFC's fourth acquisition in 2023.
DuPont to Acquire Spectrum Plastics for $1.75B
The acquisition is expected to close in 2023's third quarter.
Singer Industrial Acquires Hotsy Industrial Systems
The deal will increase Singer Industrial’s North American presence to roughly 85-plus locations with over 1,000 employees.
