Distribution Solutions Group had its inaugural earnings report following the April 1 merger of Lawson Products, TestEquity and Gexpro Services.
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Sandvik has added Sphinx Tools, which has customers primarily within the automotive, aerospace and medical segments.
Industry veteran Scott Shimel has joined the Tulsa, Oklahoma-based metalworking and MROP supplies distributor.
Major distributors and manufacturers continue to raise their full-year outlook after better-than-expected 2Q results and persistent demand.
A 3-alarm fire late Monday night destroyed the Commerce City, California, warehouse of Western Hose & Gasket, a WestFlex company.
It's the third acquisition for Winsupply announced this year, and comes alongside news that it will start drone deliveries on Aug. 9.
It was the slowest expansion since June 2020 as prices took a major month-to-month decline while employment posted improvement.
It's part of the toolmaker's plan to save $1.5 billion in three-year cost savings while shifting resources and reprioritizing investments.
The DPA Buying Group held its annual Buying & Networking Conference in Fort Lauderdale, Florida, which drew more than 500 attendees.
It’s only MSC’s third acquisition since 2018, gaining a fellow metalworking and industrial supplies distributor.
The company is looking to sublet at least 10 million square feet of excess space following its first quarterly loss since 2015.
The St. Louis-based company also reported that fiscal 2021 fourth-quarter net sales were nearly $1.25 billion.
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