The PVF distributor plans to repurchase its preferred stock for around $361 million, and shared its preliminary 3Q24 financial results.
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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.
The company enhanced its service capabilities in Wisconsin and expanded its network of Parker Stores with the acquisition.
A company memo says the policy will help corporate staff understand the challenges and opportunities that store workers face every day.
Now available to Premium members and in the MDM Store, the issue contains seven articles that span Stellar Industrial's buy-and-build technology approach, to Ferguson's digital strategy, to corporate DEI pushback, and more.
The survey reveals rising costs and tightening profit margins, highlighting trends in warehouse pricing and labor expenses from 2022 to 2024.
