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In The News:

Breaking News in Wholesale Distribution

Genuine Parts Co. to Sell EIS to Audax

EIS becomes the Electrical Specialties Group of Motion Industries in March of 2018.
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Manufacturing Labor Productivity Down 1.6% in the Second Quarter

Nonfarm business sector labor productivity increased 2.3%.
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RBC Bearings Acquires Swiss Tool Systems

Swiss Tool Systems is a supplier of modular tooling systems and high-precision boring and turning solutions for metal cutting machines.
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PPG Completes Acquisition of Specialty Materials Manufacturer

Dexmet Corporation manufactures specialty materials for surfaces in aerospace, automotive and industrial applications.
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Applied Industrial to Acquire Olympus Controls Corp

The business will continue to operate under the Olympus Controls name.
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Applied Industrial’s Fiscal 2019 Sales Up 13%

Fourth quarter sales fell 1.7% over 2018.
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Orders for Manufactured Technology Goods Fell 7.7% in June

Orders for the first half of 2019 totaled $2,249 million, a decrease of 12.8% compared to the first half of 2018.
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Sonepar USA Names VP of Finance of Cooper Electric

Jamie Czaplicki joined Cooper in April 2018 with the acquisition of City Electric, where he was Executive VP and CFO.
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Singer Equities to Acquire Hydraulic Hose and Assemblies

Hydraulic Hose and Assemblies will operate as a division of PRC Industrial Supply.
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Sysco Sales Up 2.4% in Fiscal Year

Sales increase 1% to $15.5 billion in fourth quarter.
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