PTDA strengthened its support for distributors in the power transmission sector with the addition of ComInTec, UNIMEC and BearingBank.
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Following statements from Orgill and the Hardlines Distribution Alliance, Do it Best reassured True Value retailers of its commitment to stability and support.
Following a solid August gain, September saw a decrease in production, driven by decreases in manufacturing, mining and utilities.
The company appointed a new President for its North Division, effective Jan.1, as the current president transitions to Executive VP and CCO.
U.S. cutting tool consumption hit $209.3 million in August 2024 amid ongoing market challenges and uncertainty for 2025.
Germany-based Ferdinand Gross Group is a distributor of fastening technology, with additional operations in Hungary and Poland.
The PVF distributor plans to repurchase its preferred stock for around $361 million, and shared its preliminary 3Q24 financial results.
The company aims to enhance customer service and create new opportunities for its associates with the consolidation.
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.
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.
