The former vice president of the company brings extensive industry expertise and leadership to the family-owned distributor.
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The company expands its concrete accessory and paving product offerings in the Michigan market with the deal.
IDCO strengthened its network and offerings with new partnerships in fluid power, industrial hose and marine solutions.
Despite slower order placements compared to those placed in 2023, order activity continues to exceed historical levels.
The company is set to invest nearly $40 million in Jefferson City, TN, creating 80 jobs and establishing its first operations in the state.
It would join United Hardware as another major acquisition for Do it Best this year.
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It extends what has already been a decade-long relationship, helping Kodaris enhance and scale its suite of enterprise features.
The company enhanced its distribution network in the industrial and specialty gases sector with acquisitions in July, September and October.
Get a complete breakdown of the distributor's September and 3Q financials, which point to a demand uptick for the industrial supply sector.
The company is evaluating a potential sale after receiving takeover interest, sparking an 8.3% surge in its stock amid market challenges.
Monthly U.S. wholesale inflation held steady in September, while continuing to decelerate year-over-year.
OmniCable promoted a company veteran with 14 years of experience to strengthen purchasing strategies and supplier relationships.
We're off Monday in observance of Columbus Day and Indigenous Peoples' Day in the U.S., so Update will be back in action Tuesday.
They'll be the 10th and 11th deals in 2024 for the infrastructure and industrial supplies distributor.
Monthly, September's modest increase matched that of August and July.
The company aims to strengthen supplier partnerships and growth in the packaging sector with two promotions.
The company refinanced its debt with a Senior Secured Term Loan B, securing $105 million to support future growth initiatives.
Sonepar's leaders will now have broader responsibilities spanning both North and South America to better integrate key functions.
August inventories increased year-over-year, while remaining unchanged from July.
Insulation Supplies provides waterproofing, garage doors and shower doors to residential and commercial end-markets.
