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In The News:

Breaking News in Wholesale Distribution

Ferguson Names Non Executive Director/Chairman

Geoff Drabble will succeed Gareth Davis as chairman after the 2019 annual general meeting.
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ParkOhio Agrees to Acquire Erie Press Systems

Erie Press has reported annual revenues of $20 million.
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Winsupply Opens Maine Location

The new facility will serve electrical contractors in the Greater Portland area.
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Fairmont Supply Names President

Current CFO Anthony Dodds takes on the role of president.
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Q1 Sales Up 5.7% at The Home Depot

Profit rose to $2.5 billion during the first quarter.
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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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