The combined value for January, adjusted for seasonal and trading day differences but not for price changes, was estimated at $1,784.8 billion.
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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.
The company reported $6.5 billion in sales for the quarter ending Jan. 31, as core strengths drove market share gains in supportive end markets.
The distributor says it entered an accelerated share repurchase agreement with Citibank N.A to repurchase $125 million of Beacon’s common stock.
The company recently elected David Meyer to its board of directors, a move that will take effect April 1.
Manufacturing technology orders for the month totaled $436.6 million, according to the latest U.S. Manufacturing Technology Orders Report.
MRO distributor Stellar Industrial Supply announced it has reached a deal to acquire industrial distribution firm Timesaver Industrial Inc.
In a recent MDM webcast, ProfitOptics CEO and Founder Tony Pericle summarizes how distributors can overcome supply chain challenges by addressing product availability issues, building better customer-profit models and asking the right questions.
The roofing material and building products distributor says it opened an OTC hub in Pico Rivera, California, and a branch in Little Chute, Wisconsin.
The electrical, communications and data networking distributor reported 2021 net sales of $8.8 billion, a 20.7% increase compared to 2020.
David Gelles, current president of the construction supply company, says his son Matthew Gelles will succeed him.
The distributor announced that Amy Bass Messersmith will be joining Builders FirstSource's executive team effective March 14.
The year-over-year increase reflected the 12 months ending in February and was the biggest spike in 40 years, the Labor Department says.
The automation company announced it was suspending operations and sales in Russia and Belarus, effective immediately.
City Electric Supply Company has opened its 17th store in Houston and 41st overall in the state.
The private equity firm says it has reached a deal to acquire the largest manufacturer of exterior building products in North America.
NSI announced it has acquired Metallics, a Connecticut-based manufacturer and supplier of fasteners and related supplies.
Exports were $224.4 billion, $3.9 billion less than December exports. Imports were $314.1 billion, $3.8 billion more than December imports.
Rexel USA says Brad Paulsen will succeed Jeff Baker, who is retiring after 15 years but will remain on the company’s board of directors.
