1. The Economy
No surprise: The economy tops our list of the top newsmakers in the distribution industry in 2009. The past year was one of the roughest in memory for most MDM readers, with nearly every end market suffering. Hear what Adam Fein expects for 2010 in his 2010 Economic Forecast for Wholesale Distribution.
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2. Wolseley plc and Stock Building Supply
Wolseley made headlines with its sale of the majority of its struggling Stock Building Supply to the Gores Group, a private equity firm that now owns 51% of the building materials distributor. Wolseley expects the divestment will significantly improve profitability, a key challenge over the past year when it posted a $1.8 billion annual loss. About $700 million of that was due to losses sustained by Stock. (Read more Wolseley news)
4. Motion Industries