The company’s strong quarter was primarily due to the impact of the completion of its merger with Tech Data from September 2021.
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The company says it will keep on hold new investments as well as the ‘international delivery of new project orders destined to Russia and Belarus.’
The hardware and building materials supplier opened a new location in Nevada, Missouri.
The home improvement company says it plans to use the net proceeds from the sale of the notes for “general corporate purposes.”
The company says the acquisition — the 3rd New Jersey company to join Envoy’s platform — with strengthen its Northeast presence.
The distributor of truck and trailer parts and services bought the assets of New York-based Portville Truck & Auto Repair.
The National Association of Manufacturers says Rich Stinson, Southwire president and CEO, has been named to its board of directors.
Crescent Electric Supply Company says it has relocated its Minneapolis branch for ‘better customer access and enhanced service.’
Sheila Hernandez will lead the company’s efforts, including category management, supplier relations, digital presence and customer lifecycle.
The two companies have reached an agreement that will allow Woodgrain to buy Huttig Building Products in an all-cash deal.
Starting April 1, Distribution America and PRO Group will operate as Hardlines Distribution Alliance.
The global healthcare solutions company launched a private offering of $500 million aggregate principal amount of senior notes due 2030.
Veritiv says the food service packaging and janitorial supply distributor has signed an agreement to buy Veritiv Canada, Inc.
Brian Crowle will be responsible for developing and implementing turnkey material handling solutions, the company says.
What used to be complex corporate spend-management technology is now available to any size of company, according to speakers at a recent Amazon Business virtual conference. It’s a wake-up call for distributors to clearly articulate their value and customer service tools.
An Associated Builders and Contractors analysis of Producer Price Index data shows construction input prices are up 24.4% from a year ago.
The Pacific Northwest building material center says it has reached an agreement in principle to acquire five-store chain Orofino Builders Supply.
The combined value for January, adjusted for seasonal and trading day differences but not for price changes, was estimated at $1,784.8 billion.
The company says the deal — the sixth acquisition completed by American Equipment since May 2021 — will further its national growth strategy.
Value-added suppliers can help customers manage current supply challenges, says Gartner supply chain and procurement expert.
