The company says William A. Burke III has been named senior vice president and president of North American Hand Tools.
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The family-owned industrial distributor acquired the Inpro/Seal product line and territory from A-Team Industrial Products.
Tom Podsiadlik, the newest Dakota Supply Group regional general manager, will be responsible for leading all seven branches in Michigan.
Pietro Satriano is stepping down as US Foods CEO, while first-quarter net sales increase 23.9% to $7.8 billion.
The company broke ground on a new manufacturing site in Eschbach and announced plans to build its third European logistics center in Bernburg.
CEO Kevin Murphy said the listing structure is now ‘fully aligned with our operations and location of our team.’
The distributor said it acquired the assets of T&R, a full-service heavy duty repair business based in Bath, New York.
An annualized growth rate of 10.6% accelerated across industrial and construction distributors during the first three months of 2022.
New South Construction Supply said an agreement to acquire American Contractor’s Supply has been dissolved.
The distributor reported 2022 first-quarter net sales of $5.7 billion, while net income grew 270.6% to $639.6 million.
Sales for the quarter were $319.4 million, compared to $245.6 million for 1Q 2021 and $293.1 million for 4Q 2021.
The distributor reported 2022 first-quarter gross profit of $136 million, compared to $103 million during the same quarter in 2021.
The company says 2022 first-quarter revenue was $3.1 billion and net income from continuing operations attributable to Fluor was $48 million.
The Colorado-based company named Sean J. Kerins president and CEO and posted 1Q sales of more than $9 billion.
The distributor says Steven Breeden has been named district vice president for the company’s Seattle District effective July 1.
The industrial distributor reported 2022 first-quarter revenue of $439.5 million, up from $387.1 million in 1Q 2021.
The Pittsburgh, Pennsylvania-based company record first-quarter net sales of $4.9 billion, up 22% from 1Q 2021.
The Texas-based supplier also reported that 1Q 2022 net income was $30 million.
The growing distributor says revenue increased 33% in 2021, and it expects to top that this year.
DXP Enterprises, Inc. says the deal adds scale and complements the company’s previous air compressor acquisitions.
