Home Depot Settlement Highlights Industry Labor Pitfalls
The home improvement retailer recently agreed to pay more than $72M to workers who were denied wages while they were ‘standing around.’
June 2023
Sonepar Partners with U.S. Army PaYS Program
Electrical distributor Sonepar has partnered with an U.S. Army program that connects soldiers with employers.
MW Components Acquires Western Wire
Western Wire Products will join MW Components to supply wire forms and springs to customers around the world.
Report: FTC Prepping Major Suit Against Amazon’s Marketplace
The FTC plans to file a lawsuit alleging Amazon disadvantages sellers who don't use Amazon's logistics services, Bloomberg reports.
ISA Announces 2023-2024 Board of Directors
The Industrial Supply Association's board is responsible for charting the association's strategic direction and overseeing initiatives.
IWDC Logs Record Convention Turnout
Over 600 participants joined the Independent Welding Distributors Cooperative's annual Sales & Purchasing Convention in Indianapolis June 18-20.
MSC Raises Outlook After 3Q Daily Sales Uptick
MRO and metalworking supplies distributor MSC Industrial Supply reported double-digit sales growth for the fifth consecutive quarter.
NetPlus Announces 2 New Hires
Industrial and contractor supplies buying group NetPlus Alliance added an Executive Assistant and Accounting Representative to its team.
Sellars Appoints New Information & CX Leader
Manufacturer Sellars Absorbent Materials promoted Yusuf Abu-Hatoum, who has more than 30 years of experience in IT and business technology.
Acuity Brands 3Q Margins Expand Despite Sales Slide
The company announced net sales of $1 billion in the third quarter of fiscal 2023, which ended May 31.
June M&A Recap: Pace Cools Despite High-Dollar Deals
MDM reported 27 mergers and acquisitions among industrial distributors and manufacturers during June, representing a slight slowdown as 2Q wraps up.
Canada West Coast Port Workers to Begin Strike July 1
More than 7,000 dockworkers at West Coast ports in Canada plan to strike on July 1 after “running out of options at the bargaining table."
U.S. Industrial Supplies Imports Fell 5.9% in May
That total, which includes petroleum and related products, was down 22.1% year-over-year.
MDM Podcast: Fueling Product & Service Innovation with Customer Immersion
Distribution consultant Brent Grover joins MDM’s Tom Gale to discuss customer immersion as a best practice for developing breakthrough products and services, and distribution’s M&A landscape.
Marcone Earns HVAC Industry Awards
The honors reflect Marcone's dedication to partnering with leading OEMs and dealers to ensure efficient distribution, the company said.
Triple S Honors Executive Development Grads, Award Winners
The annual awards were announced at the 2023 Clean Team Exhibit & Conference held at the Sandestin Golf and Beach Resort in Florida.
Bosch Rexroth Opens Pumps, Motors & Valves Plant in Mexico
The company is investing about $174 million USD in the new location, which could create about 900 jobs by 2027.
Graybar Appoints Head of Acquisitions & Financial Planning
Christopher M. Burrow has been named Vice President of Acquisitions, Financial Planning and Analysis, effective July 5.
Home Depot Initiative Aims for $500M in Supply Chain Savings
By 2024, the company says it will complete its goal by focusing on reducing fixed costs beyond product and transportation expenses.
MSA Safety Makes More Executive Changes
Stephanie L. Sciullo was appointed to President of MSA Americas, where she succeeds Steve Blanco, who was recently elected President and COO.
