Following a solid August gain, September saw a decrease in production, driven by decreases in manufacturing, mining and utilities.
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The company appointed a new President for its North Division, effective Jan.1, as the current president transitions to Executive VP and CCO.
U.S. cutting tool consumption hit $209.3 million in August 2024 amid ongoing market challenges and uncertainty for 2025.
Germany-based Ferdinand Gross Group is a distributor of fastening technology, with additional operations in Hungary and Poland.
The PVF distributor plans to repurchase its preferred stock for around $361 million, and shared its preliminary 3Q24 financial results.
The company aims to enhance customer service and create new opportunities for its associates with the consolidation.
The company expands its concrete accessory and paving product offerings in the Michigan market with the deal.
IDCO strengthened its network and offerings with new partnerships in fluid power, industrial hose and marine solutions.
Despite slower order placements compared to those placed in 2023, order activity continues to exceed historical levels.
The company is set to invest nearly $40 million in Jefferson City, TN, creating 80 jobs and establishing its first operations in the state.
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It extends what has already been a decade-long relationship, helping Kodaris enhance and scale its suite of enterprise features.
The company enhanced its distribution network in the industrial and specialty gases sector with acquisitions in July, September and October.
The company is evaluating a potential sale after receiving takeover interest, sparking an 8.3% surge in its stock amid market challenges.
Monthly U.S. wholesale inflation held steady in September, while continuing to decelerate year-over-year.
We're off Monday in observance of Columbus Day and Indigenous Peoples' Day in the U.S., so Update will be back in action Tuesday.
They'll be the 10th and 11th deals in 2024 for the infrastructure and industrial supplies distributor.
Monthly, September's modest increase matched that of August and July.
The company refinanced its debt with a Senior Secured Term Loan B, securing $105 million to support future growth initiatives.
August inventories increased year-over-year, while remaining unchanged from July.
Insulation Supplies provides waterproofing, garage doors and shower doors to residential and commercial end-markets.
