Snap-on Posts Flat 1Q Sales, Higher Profit
Wisconsin-based tool manufacturer Snap-on posted 1Q24 sales of $1.18 million, a modest organic sales decline.
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2024
IDCO Names 2023 Distributor, Supplier of the Year
The cooperative has honored its top distributors and manufacturers for their achievements and contributions over the past year.
IDCO Names 2023 Distributor, Supplier of the Year Read More »
Motion’s 1Q Sales Fell 2.2% as Profits Rose
Motion continued to see sales growth and strong renewal rates with corporate account customers, which comprise about 45% of business.
Motion’s 1Q Sales Fell 2.2% as Profits Rose Read More »
Baird-MDM Research: Suppliers Changing Purchase Minimums
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Biden Calls for Tripling of Chinese Steel Tariffs
President Biden wants to raise the tariff rate on certain Chinese steel and aluminum imports to cut out “unfair competition”.
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Packer Fastener Expands to Kansas City
The new branch in Olathe, MO is the distributor’s 11th overall.
Packer Fastener Expands to Kansas City Read More »
March U.S. Industrial Production Rises on Factory Strength
It marked the first time growth occurred over two straight months since March-April of 2023.
March U.S. Industrial Production Rises on Factory Strength Read More »
Purvis Industries Acquires PTE Drives in Akron
PTE Drives is a family-owned power transmission & bearings products distributor with a single location.
Purvis Industries Acquires PTE Drives in Akron Read More »
NetPlus’ Jennifer Murphy Earns ISA Women’s Influence Honor
The accolade recognizes outstanding commitment to advancing the development and influence of women in the industrial supply channel.
NetPlus’ Jennifer Murphy Earns ISA Women’s Influence Honor Read More »
MDM’s Tom Gale Receives ISA’s Lifetime Achievement Award
The association’s annual John J. Buckley Award honors an individual in the MROP channel for their longstanding service in the industrial supply industry.
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In Manufacturing’s Digital Transformation, Don’t Overlook the Small Guys
Major manufacturers may have taken a big early lead, but their smaller competitors have been able to close the digital gap in recent years.
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White Cap Acquires Bend Construction Supply in Oregon
It comes just a week after the construction supplies distributor announced an acquisition in Oklahoma.
White Cap Acquires Bend Construction Supply in Oregon Read More »
Beacon Grows in Midwest, Acquires General Siding Supply
Adding five branches across Nebraska, Iowa and North Dakota, it’s the fourth acquisition Beacon has announced in 2024.
Beacon Grows in Midwest, Acquires General Siding Supply Read More »
Boeing, Ontic Ink Actuators & Propulsion Distribution Deal
Boeing will now distribute about 1,000 additional actuation and propulsion system products.
Boeing, Ontic Ink Actuators & Propulsion Distribution Deal Read More »
Italy’s Prysmian to Buy Encore Wire in $4.2B Deal
The addition of Texas-based wire and cable maker Encore Wire will enhance Prysmian’s North American presence and product portfolio.
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Resideo to Acquire Snap One in $1.4B Deal, Boosting ADI Unit
Snap One – a manufacturer and distributor of of smart-living products and services – will be integrated into Resideo’s ADI Global Distribution unit.
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Ferguson to Position Closer to Contractors with Market Distribution Centers
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Martin Supply Acquires Trinity Hardware in Southeast WI
It boosts the MROP supplies distributor’s Midwest footprint as its sixth acquisition in five years.
Martin Supply Acquires Trinity Hardware in Southeast WI Read More »
150-Year-Old Vaughan Plant Closing after Nixed Buyout
Local media cited financial troubles leading to buyer backing out of purchasing the hand tool maker’s Bushnell, IL plant.
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Census Bureau Revisions Lead to Rosier 2024 MDM Forecast
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