The representatives are in the Mid-Atlantic region and are expected to ‘promote and support’ the NSI Industries stable of brands, the company said.
Posts By Mark Powell
We look back at the blogs, articles and news items that attracted the most attention during the first quarter of 2022.
The industrial technology company net sales of $909.1 million for the second quarter of fiscal 2022 ended February 28.
Heating, Air-conditioning & Refrigeration Distributors International released its monthly report, showing 25.1% average annual sales growth.
The company says its White Cup CRM will be able to grow revenue for distributors thanks to improved marketing and sales.
American Supply Association members who responded to a survey said median sales increased 27% in February versus the same month a year ago.
After 9 straight monthly increases, new orders decreased $2.7 billion, or 0.5%, to $542 billion, according to Census Bureau data.
The foodservice, janitorial and sanitation distributor called Associated Paper “an industry leader with unique capabilities.”
The company completed a deal to buy Williams Wholesale Supply, a plumbing and electrical distributor with locations in Tennessee.
The distributor says Cesar Lanuza has been appointed president and CEO of Lawson’s operating company, as Michael G. DeCata retires.
The distributor of OEM foodservice parts says Encompass Supply Chain Solutions delivers nearly $200 million in annual revenue.
HCI Equity Partners-backed Echelon Supply and Service says it acquired Berg-Nelson Company, Inc. in late March.
The Buffalo Grove, Illinois-based distributor reached a deal to acquire the manufacturer and supplier of structural roof and floor trusses.
Building products distributor SRS has expanded into the New York market by acquiring Florence Corporation and Amagansett Building Materials.
The wastewater, storm drainage and fire protection distributor agreed to acquire ‘substantially’ all of the assets of Lock City Supply Inc.
M&A activity in the distribution and manufacturing sectors has somewhat slowed since spiking in the fourth quarter of 2021. But while the deals may be fewer in number, multiple companies still reached billion-dollar agreements as 2022’s initial quarter wrapped up.
The St. Louis-based company also reported that fiscal 2021 fourth-quarter net sales were nearly $1.25 billion.
Woodgrain Inc. last month reached a deal to acquire Huttig Building Products for $350 million in an all-cash agreement.
The distributor says the ‘unanticipated rapid rise’ in fuel costs has pushed its suppliers to increase delivery charges.
The personal consumption expenditures index, which is monitored by the Federal Reserve, jumped 6.4% in February.
