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In The News:

Breaking News in Wholesale Distribution

Sonepar USA Names Central Region President, SVP of Finance

Andy Waring, current CFO will take over as Central Region President in July.
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The Crosby Group to Acquire Gunnebo Industries

Alantra served as financial advisor to Crosby and Kirkland & Ellis and Vinge served as legal advisors.
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Chicago Fed National Index Fell to -0.45 in April

The CFNAI Diffusion Index decreased to –0.22 during the month.
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PIP Global Acquires Worldwide Protective Products

The acquisition will expand PIP Global’s product offering and channel penetration.
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MRC Global Sales Down 4% in 1Q

U.S. sales in the first quarter were down 3%.
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Stanley Black & Decker to Open North Texas Facility

The North Texas plant will bring about 500 jobs to the area.
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Ingersoll-Rand Completes Acquisition of Precision Flow Systems

The transaction was completed on May 15 for $1.45 billion.
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SureWerx USA Appoints President

Christian Wiltrout was most recently president, Americas at Optimas OE Solutions.
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Statistics Canada: CPI Up 2% in March

Seven of the eight major components were up year over year in April.
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Second Quarter Sales Up 2% for thyssenkrupp AG

The company reported a loss of €86 million during the quarter.
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