Singer Industrial Adds Hotsy Equipment’s CO & WY Unit
Singer Industrial joined forces with Hotsy Equipment of Colorado and Wyoming headquartered in Greeley, Colorado.
Singer Industrial Adds Hotsy Equipment’s CO & WY Unit Read More »
2023
Purvis Expands in Ohio, Acquires Torque Drives
Power transmission distributor Purvis Industries acquired Torque Drives, an industrial distributor of power transmission components and more.
Purvis Expands in Ohio, Acquires Torque Drives Read More »
Hisco Drives DSG’s Major 3Q Gains; Organic Slides
The distributor’s $269 million acquistion of Hisco this spring figures to drive big year-over-year gains through the first half of 2024.
Hisco Drives DSG’s Major 3Q Gains; Organic Slides Read More »
Wesco 3Q Sales up 3.6%, Lowers Outlook as Margins Dip
WESCO saw year-over-year growth in its CSS and UBS units, while its largest unit — EES — declined.
Wesco 3Q Sales up 3.6%, Lowers Outlook as Margins Dip Read More »
MCE Completes 6th & 7th Acquisitions of 2023
MCE acquired Georgia-based motor control and drive distributor Applied Industrial Controls and systems integrator Engineered Systems Group.
MCE Completes 6th & 7th Acquisitions of 2023 Read More »
Avnet 1Q Sales Down 6.1%, but Net Profit Improves
On a constant currency basis, sales decreased 7.8% year-over-year and decreased 2.9% sequentially, Avnet said in a news release.
Avnet 1Q Sales Down 6.1%, but Net Profit Improves Read More »
MDM Podcast: The State of Distribution Innovation
NAW’s Bart Tessel and Applico’s Alex Moazed share thoughts on distribution innovation and technology today as critical differentiators, and where they’re headed.
MDM Podcast: The State of Distribution Innovation Read More »
September U.S. Construction Spending up 0.4% from August
August’s growth was considerably revised upward, from 0.5% to 1.0%, according to new data from the Census Bureau.
September U.S. Construction Spending up 0.4% from August Read More »
BlueLinx 3Q Sales & Profits Slide on Weak Housing
Marietta, Georgia-based building products distributor BlueLinx reported a 24% decrease in sales revenue in the third quarter of 2023.
BlueLinx 3Q Sales & Profits Slide on Weak Housing Read More »
Citing ‘Strong’ Economy, Fed Leaves Rates Unchanged
‘Economic activity expanded at a strong pace in the third quarter,’ the central bank said in a statement Nov. 1.
Citing ‘Strong’ Economy, Fed Leaves Rates Unchanged Read More »
Endries International Acquires Viscan Group in Quebec
Viscan is a leading supplier of specialized screws, general fasteners and related components.
Endries International Acquires Viscan Group in Quebec Read More »
Singer Industrial Continues Deal Spree, Adds Viking Hose
In its sixth deal of the year, Singer Industrial joined forces with North Carolina-based Viking Hose and Fittings.
Singer Industrial Continues Deal Spree, Adds Viking Hose Read More »
Builders FirstSource Sees Continued Sales & EBITDA Declines
The company reported net sales of $4.5 billion, a 21.3% decrease primarily driven by a weaker housing market and commodity deflation.
Builders FirstSource Sees Continued Sales & EBITDA Declines Read More »
October PMI Falls 2.3 Points from September
It followed two straight months of improvement, retracting further into contraction territory.
October PMI Falls 2.3 Points from September Read More »
Greif to Acquire France’s IPACKCHEM in $538M Deal
The planned cash transaction would be funded through available capacity in Greif’s existing credit facilities.
Greif to Acquire France’s IPACKCHEM in $538M Deal Read More »
F.W. Webb Pays $3.2M in Overtime Pay to 700 Sales Reps
A court found that the company failed to pay affected workers overtime back wages since August 2018 and violated recordkeeping provisions.
F.W. Webb Pays $3.2M in Overtime Pay to 700 Sales Reps Read More »
Boise Cascade 3Q Distribution Sales Fall 15%
The building materials distributor and manufacturer said that 91% of 3Q 2023 revenue came from distribution.
Boise Cascade 3Q Distribution Sales Fall 15% Read More »
BradyIFS, Envoy Solutions Complete Blockbuster Merger
Two of North America’s largest JanSan, foodservice and packaging supplies distributors are now one.
BradyIFS, Envoy Solutions Complete Blockbuster Merger Read More »
Global Industrial Sales Jump 18.8% on Indoff, Organic Growth
The company’s Spring 2023 acquisition of office products distributor Indoff powered most of the growth, while volume also improved.
Global Industrial Sales Jump 18.8% on Indoff, Organic Growth Read More »
Supplier Earnings Roundup: CAT, Eaton, ITW
It’s another week for industrial manufacturers’ financial reports. We recap the key figures for thee of them here.
Supplier Earnings Roundup: CAT, Eaton, ITW Read More »
