American Supply Association members who responded to a survey said median sales increased 27% in February versus the same month a year ago.
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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.
A new estimate from the Bureau of Economic Analysis says real gross domestic product increased at an annual rate of 6.9% at the end of 2021.
In its latest earnings report, the company reported fiscal 2022 second-quarter net sales of $862.5 million.
The Columbus-based industrial distributor formerly known as Ohio Transmission Corp. announced the acquisition Wednesday.
Christopher D. Stansbury is expected to depart from the company Friday, Colorado-based distributor Arrow Electronics said.
The company reached a deal with Novinium Holdings, a Washington-based cable rejuvenation solutions provider.
