Posts By Eric Smith
M&A volume hasn’t completely returned to pre-COVID volume, but last month saw decent activity and some multibillion-dollar deals, including two in building materials & construction and one involving a distribution ERP provider.
The U.S. Census Bureau on Friday released advance indicators showing that the international trade deficit increased and that wholesale inventories dipped in July.
For the second time in two weeks, the building materials and construction sector saw major consolidation with Builders FirstSource Inc.’s Thursday announcement that it would acquire BMC Stock Holdings Inc. in a $2.5 billion, all-stock merger. Here’s what we know about the deal so far.
Packaging products supplier TricorBraun has agreed to acquire Price Container and Packaging, a rigid packaging distributor serving primarily the industrial and food markets.
HARDI members also report Days Sales Outstanding (DSO) — a measure of how quickly customers pay their bills — hit a record low of 39 days during the month.
The decrease in real GDP reflected decreases in PCE, exports, nonresidential fixed investment, private inventory investment, residential fixed investment, and state and local government spending that were partly offset by an increase in federal government spending.
Combined company will account for more than $11 billion in annual sales with expectations of annual cost synergies of $130 million to $150 million by the third year.
For the last six months, distributors have been dealing with an unprecedented disruption to their sales and business operations. The abrupt arrival of hurricane season is another reminder of the need for robust supply chain planning and an airtight disaster mitigation plan.
Increase of manufactured durable goods is third in a row following the double-digit growth in May and high-single-digit growth in June, which had been preceded by two decreases during the height of the coronavirus crisis.
Illinois-based electrical supplier Hartland Controls taps electrical controls industry veteran Mark McGough as its new president and CEO.
Ludwig Meister took an uncommon path on its digital journey, beginning with the backend processes and then focusing on the front-facing, sales-friendly site. CEO Max Meister explains why.