The repurchase is expected to begin in the second quarter as part of the company’s strategy to return cash to shareholders.
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LECORP is a material processing, handling and environmental solutions provider based in Kentucky.
Hardlines distributor Orgill appointed a new COO, alongside several other executive promotions to strengthen its leadership team.
The new board member will offer new insights to ISA’s mission of strengthening the industrial supply chain.
It combines the Nos. 1 and 10 companies on MDM’s 2024 Top Distributors List for Fluid Power and significantly strengthens Applied's market position.
Government data showed flat November spending following three consecutive monthly increases.
Aberdeen-based Scot Bearings is a distributor of bearing and power transmission products.
Sonepar sold Vallen Asia to the latter's leadership team in a management buyout, marking the company’s deconsolidation from Sonepar.
Our Update newsletter will be back in action in the new year on Thursday.
It marks NEFCO’s fifth acquisition of 2024 and its second-largest acquisition to date.
The company has purchased a new office building, creating additional space for warehouse expansion and future development.
Loy Instrument is an Indiana-based supplier of process control and combustion solutions.
OSHA is withdrawing all but one citation issued against the company, while Amazon is required to improve ergonomic conditions throughout its facilities.
The latest data showed a mixed picture, with wholesale inventories down slightly and retail inventories up, while the trade deficit grew.
LindFast grows its comprehensive fabrication capabilities with the Illinois-based fasteners maker.
Reece USA expanded its presence in Arizona with a new showroom in Gilbert, AZ, to streamline product selection.
Fasteners distributor Optimas Solutions surpassed its emission reduction goals through renewable energy adoption and refrigerant management.
The company gains 21 new locations across the Front Range of Colorado, western Colorado and northern New Mexico with the acquisition.
The new facility will serve as one of five distribution centers across the country, with operations expected to begin in summer 2025.
The monthly decrease more than offset the increase seen in October, driven by a decline in transportation equipment.
