The acquisition will position the manufacturer for new product development and continued penetration into the electrical distribution channel, company officials said.
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Less than one-fifth of respondents' expect economic conditions to improve over the next three months.
Graybar reported its highest first-quarter net sales ever and its third-best sales for any quarter in its history.
The electrical and PVF supplies distributor says its new McNaughton McKay Group branding brings its five subsidiary companies under a single, cohesive banner.
The distributor announced an upcoming two-for-one stock split, marking Fastenal's ninth split in its history and first since 2019.
Based in Texas, Maverick Beverage is a distributor of wine and craft spirits, operating across six states with approximately 500 employees.
U.S. durable goods orders surged in March, far exceeding forecasts, driven by a jump in transportation equipment as firms rushed to beat potential tariffs.
Our first quarter MarketPulse shares a wealth of data from the 1Q25 Baird-MDM Industrial Distribution Survey that covered respondents' revenue performance, pricing updates and expectations for the current quarter and rest-of-year, plus plenty of commentary.
Watsco reported softer first-quarter results as it navigates a product transition driven by new regulations impacting over half its sales, but showed healthy margin performance.
Uline is expanding its Reno presence with a new distribution center set to open in August, adding 25 jobs to meet growing demand.
See our new breakdown of M&A activity by product category, the latest EBITDA trading multiples for 30 top industrial distributors and our detailed recap of dealmaking activity during January-March, which was notably subdued compared to previous quarters.
TricorBraun appointed a well-known industry veteran to lead its global operations, succeeding Court Carruthers as he transitions to vice chair.
Though comparable sales declined year-over-year, the gap narrowed sequentially as EBITDA margin had a considerable jump from 4Q.
OmniCable opened a new facility in Buford, GA, consolidating two nearby locations to boost efficiency and better serve growing customer demand.
MDM won a Silver Azbee Award for its in-depth case study on Fastenal’s transformative shift to a digital-first distribution model, written by John Gunderson. It was the first feature in MDM's Case Study series, which continues to roll out new reports in 2025.
While total sales growth decelerated for 3M's Safety & Industrial segment, they ticked up sequentially in organic growth.
With 45 branches across 23 states, REW Materials is a distributor of interior and exterior building materials, offering both specialty and commodity products.
The fasteners distributor launched a new resource hub to help customers and suppliers navigate changing tariff regulations.
