Three of the largest distributors in their spaces acquired growth during March, with Applied Industrial Technologies, Fastenal Co. and Beacon Roofing Supply Inc. all adding to their portfolios.
Fastenal – No. 6 on MDM's 2016 Market Leaders list for industrial distributors and also one of the top fasteners distributors – agreed to acquire industrial and fastener distributor Manufacturer's Supply Co., Hudsonville, MI.
Mansco, which reported sales of $50 million in 2016, specializes in commercial furniture OEM fasteners, an area of future growth for Fastenal.
Applied Industrial – No. 11 on MDM's 2016 Market Leaders list for industrial distributors – acquired Sentinel Fluid Controls, Toledo, OH, a distributor of hydraulic and lubrication components, systems and solutions.
And Beacon Roofing – No. 4 on MDM's 2016 Market Leaders list for building materials & construction distributors – acquired Acme Building Materials Inc., Flint, MI, a distributor of residential roofing and related building products with three branches in Eastern Michigan.
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Another acquisitive company, master distributor Bunzl plc, agreed to acquire Diversified Distribution Systems LLC, Minneapolis, MN, a supply chain solutions company that operates principally throughout North America but also in Europe, the Middle East and Asia.
Here are other key deals that occurred in March 2017:
Kaman Increases Stake in India Joint Venture with Kineco
Ritter Technology Acquires Primet Fluid Power, Tri-State Hose & Fitting
Ferrellgas Acquires Valley Center Propane
SiteOne Landscape Supply Acquires American Builders Supply
