- News
Industrial distributor appoints Scott Durand as president and Melissa Book as CFO.
Eric Smith
Senior Editor Eric Smith is an award-winning business journalist whose coverage focus includes economic news and insights, industry trends, M&A, and analysis of small businesses and public companies across the wholesale distribution marketplace. Reach him at eric@mdm.com or 720-207-0335.
Posts By Eric Smith
- News
Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Jan. 11 to Jan. 15 increased 4.6%, reverting to normal growth after weeks in the double digits.
- News
However, the manufacturer closed the year on a positive note with fourth-quarter sales up 2.3%.
- News
Housing starts also up — in the low double digits — compared to year-ago period and the previous month, according to the latest residential construction report from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
- News
Hisco president: “This acquisition enables us to further expand our signature ‘fast, friendly service’ to customers throughout North America."
- News
With these cost-cutting moves, the industrial distributor aims to save $15 million to $18 million annually beginning in fiscal 2022.
- News
Consolidation continues in the building materials sector following ACS’s eighth acquisition under its current PE ownership.
- News
On Wednesday’s fourth-quarter earnings call, Fastenal CEO Dan Florness and CFO Holden Lewis pulled back the curtain on how they view the company’s diminishing role of physical branches.
- News
Changes throughout the electrical distributor designed to help company “focus on growth and customer expectations.”
- News
For the full year of 2020, Fastenal’s sales increased 5.9% over the previous year driven by nine strong months of safety and PPE sales to offset softer fastener business.
- News
Company says rebrand is “intended to solidify the company’s structure and advance its position in the marketplace” and also coincides with Motion's 75th anniversary.
- News
Air Hydro Power is adding fellow Louisville, Kentucky-based business Uland Supply to its portfolio.
- News
Building material distributor receives early termination of Hart-Scott-Rodino waiting period required to unload division for $850 million.
- News
Industrial distributor names four executive appointments, including a new president and CEO.
- News
Company adds three senior leaders, including a CFO, chief business development officer and general sales manager.
- News
Debut online trade show from PTDA will provide “power transmission/motion control (PT/MC) manufacturers and distributors the opportunity to focus on PT/MC product knowledge and channel partner relationships.”
- News
Jennifer Murphy on Jan. 1 took the reins of the buying group from her father, Dan Judge, marking the organization’s fifth generation of family ownership.
- Blog
MDM offers a preview of how distributors fared in the last quarter of 2020, along with a roundup of the latest economic reports showing that the recovery is happening, just slowly.
- News
The U.S. Census Bureau reported that the combined value of distributive trade sales and manufacturers’ shipments and inventories for November increased 1.5% from the same month last year.
- News
According to the Industrial Production and Capacity Utilization Report, manufacturing output increased 0.9% during the month; year-to-date industrial production has improved but is still 3.6% below its pre-pandemic level.
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