ABB has appointed Carolina Granat to succeed Sylvia Hill as chief human resources officer and member of the executive committee, effective January 1, 2021.
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
Power management giant names Thomas B. Okray as EVP and CFO to replace the retiring Richard H. Fearon.
The newly appointed president and CEO speaks about his longtime career, the health of the fasteners channel and what’s next for the company.
After selling wholesale distributor of wire rope and rigging products for $20 million, HWCC expects to use the net sales proceeds to reduce debt.
Wholesale trade shows slight improvement from 2019 and from the previous month of September, according to the latest report from the U.S. Census Bureau.
P.T. International, IPTCI Bearings and LMS Bearings unite under the master brand known as Solve Industrial Motion Group.
SiteOne bolsters its portfolio with the addition of Alpine Materials, a Dallas-based distributor of mulches, soils and hardscape materials to landscape professionals.
After low-single-digit growth in 1Q, plumbing and HVAC distributor Ferguson PLC projects for the coming year accelerating M&A activity plus upbeat residential construction and renovation to offset softness in the commercial market.
Amazon's new fulfillment centers in Oklahoma and Texas will create hundreds of new full-time jobs and give the company faster delivery times in the regions.
Darin Davenport, who most recently served as president and CEO of P.T. International, takes over key AD division.
The seasonally adjusted Fastener Distributor Index (FDI) for November was 54.5, down from 56.5 in October but still in the growth range.
NW Synergy, a joint venture of JanSan and facilities maintenance distributors, has added the Wichita, Kansas-based company to expand its footprint of product and service offerings.
Ferguson’s U.S. region posted ongoing revenue growth of 3.2% and underlying trading profit growth of 11.3% in the first quarter of fiscal 2021.
Mid-State Lumber will continue to operate under its existing brand and with its current leadership after acquisition by U.S. Lumber, a subsidiary of Specialty Building Products.
Year-to-date, the goods and services deficit increased $46.6 billion, or 9.5%, from the same period in 2019.
During the quarter ended Nov. 1, HD Supply completed the sale of its construction and industrial business to a private equity buyer for $2.8 billion.
Fastenal’s reported daily sales for the month were also up 6.8% versus a year ago — again based on strength in safety (35.9% growth) and despite a 1.7% dip in fastener sales.
Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Nov. 23 to Nov. 27 indicated an increase; it could be related to the holiday, but nevertheless it marked the biggest sales growth since July.
Distributor appoints Robert O'Keef to interim CFO following the decision by Tom Okray to step down and join another publicly traded company.
Rubber Service’s owner, Lou Siemer, will continue to lead the new branch for Belt Power, a portfolio company of Shorehill Capital LLC.
