Avnet Posts $6.7B Sales in Fiscal 2Q
Avnet’s 2Q sales were up 14.5% year-over-year, according to its Feb. 2 earnings announcement.
Avnet Posts $6.7B Sales in Fiscal 2Q Read More »
2023
Timken Acquires American Roller Bearing Company in NC
Timken’s latest M&A deal comes just two days after the company reached an agreement to acquire Nadella Group.
Timken Acquires American Roller Bearing Company in NC Read More »
Stanley Black & Decker Posts Flat 4Q Sales, Net Loss
The toolmaker reported full-year 2022 revenues of $16.9 Billion, an 11% increase over the prior-year total.
Stanley Black & Decker Posts Flat 4Q Sales, Net Loss Read More »
Grainger Finishes 2022 Strong with 13.2% Growth in 4Q
For the full year, Grainger saw its sales grow 16.9% from 2021.
Grainger Finishes 2022 Strong with 13.2% Growth in 4Q Read More »
Helios Technologies Acquires Hydraulics Supplier Schultes Precision
Schultes serves the hydraulic, aerospace, communication, food services, medical device and dental industries.
Helios Technologies Acquires Hydraulics Supplier Schultes Precision Read More »
December U.S. Construction Spending Down .4% Month-to-Month
Construction job openings also increased by 82,000 in December, according to an Associated Builders and Contractors analysis.
December U.S. Construction Spending Down .4% Month-to-Month Read More »
Data: Are Distributors Seeing Customers Return as Supply Improves?
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Data: Are Distributors Seeing Customers Return as Supply Improves? Read More »
January Manufacturing PMI Falls Further to 47.4%
It was the index’s ninth straight month of decline, and third straight in contraction territory.
January Manufacturing PMI Falls Further to 47.4% Read More »
Border States Announces 2024 CEO Succession Plan
Jason Seger, the current President, will become President and CEO on April 1, 2024, the company said.
Border States Announces 2024 CEO Succession Plan Read More »
Pentair Sales Increase 9% in 2022
The water treatment company attributed the year-to-year growth to the performance of its two business segments.
Pentair Sales Increase 9% in 2022 Read More »
GMS Adds Battery-Powered Hydraulic Cranes to Fleet
GMS has added several material-handling trucks equipped with battery-powered hydraulic cranes to its distribution fleet.
GMS Adds Battery-Powered Hydraulic Cranes to Fleet Read More »
MDM Podcast: MSC Says Acquisitions Aren’t Just Business, They’re Personal
As a primer to MDM’s Feb. 22-23 Virtual M&A Summit, we chat with MSC Industrial Supply leaders Erik Gershwind and Jim Drohan about the company’s recently aggressive M&A strategy.
MDM Podcast: MSC Says Acquisitions Aren’t Just Business, They’re Personal Read More »
January M&A Roundup: 2023 Kicks Off with Nearly 50 Deals
The pace of M&A activity accelerated in January, as industrial distributors and manufacturers reported four-dozen deals to start the year.
January M&A Roundup: 2023 Kicks Off with Nearly 50 Deals Read More »
Applied Launches New Master Product Catalog
This new full-line catalog features more than 47,000 products specifically selected for Maintenance, Repair, Operations customers.
Applied Launches New Master Product Catalog Read More »
AD 2022 Member Sales Jump 28%
During 2022, AD’s membership grew to 866 separately owned independents across 14 divisions and three countries.
AD 2022 Member Sales Jump 28% Read More »
Wesco Unveils New ‘Wesco Anixter’ International Brand
The new international Wesco Anixter brand represents the combined organization across its CALA, EMEA and APAC regions.
Wesco Unveils New ‘Wesco Anixter’ International Brand Read More »
Caterpillar 4Q 2022 Sales Rise 20%
Full-year sales and revenue also increased 17% over the prior year, the heavy equipment maker said in a Jan. 31 announcement.
Caterpillar 4Q 2022 Sales Rise 20% Read More »
Timken Acquires Linear Motion Supplier Nadella
Timken has agreed to acquire Nadella Group, a manufacturer of motion technology based in Italy.
Timken Acquires Linear Motion Supplier Nadella Read More »
Crosby Group, Kito Corp. Complete Lifting & Rigging Merger
Merger plans were first announced in May 2022, and the combined business will be known as Kito Crosby.
Crosby Group, Kito Corp. Complete Lifting & Rigging Merger Read More »
4Q Survey: Distributors Lay Out 2023 Digital Priorities
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4Q Survey: Distributors Lay Out 2023 Digital Priorities Read More »
