Over 515 attendees gathered for the 2024 AD eCommerce & Marketing Summit to discuss digital and marketing leadership, products and marketing.
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The company agreed to 19 acquisitions during 2023, respresenting a total investment of $593 million.
It will divest the industrial MRO unit out of Wesco, while considerably bolstering Vallen's product and services offerings.
The ISA24 conference is rapidly approaching on April 15-17 in Charlotte, NC. As a primer, we chatted with CEO Brendan Breen on what to expect from the agenda, what he's hearing from ISA members and what gives him hope about the industry.
The Power Transmission Distributors Association added a bearings distributor, a manufacturer and an associate to its membership.
Building Materials Distribution sales improved 3% year-over-year during 4Q, a stark improvement from a 15% decline in 3Q.
In 2023, the distributor paid down $160 million of debt and reduced inventory by $100 million while maintaining fill rates above 94%.
Texas A&M University will offer one STAFDA member a scholarship towards earning their master's degree in industrial distribution.
CEO Ted Decker noted that 2023 was "a year of moderation" for the DIY and contractor supply retail giant.
It marks the first transaction for Motion since its landmark $1.2 billion buy of Kaman Distribution Group at the start of 2022.
After a strong start to 2023, shipments of cutting tools weakened in the last quarter of the year, falling 7.3% in December year-over-year.
Research from Colliers found that lease rates reached $9.72 per square foot last year despite supply far outpacing occupancy.
Producer prices rose at their fastest clip in five months, tampering hopes that inflation will cool to the Fed's 2% target anytime soon.
We're off Monday in observance of Presidents' Day in the U.S., so Update will be back in action Tuesday morning.
The Association for Manufacturing Technology said December’s figures outpoerformed “even the best of expectations.”
The year started with a slight deceleration in industrial production following a flat December.
North American full-year sales reached nearly $8.9 billion for a 4.0% annual gain. See our in-depth breakdown of Rexel's financials.
Overall 4Q and full year profit spiked on a deferred tax benefit, while sales continued low single-digit annual growth.
Boosting Henkel's MRO offerings, Houston-based Seal for Life has about 650 employees and generated $269 million in 2023 revenue.
Meanwhile, gross margin at Resideo's manufacturing business unit saw solid improvement during 4Q23.
