Fort Worth, TX-based Cohn & Gregory is a distributor of pipes, valves, fittings, flanges and other industrial products.
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The WTO predicts a 2.7% increase for the rest of 2024 and 2025, while cautioning about potential setbacks from regional conflicts.
The replacement tires supplier secured a $250 million financing agreement with a lender group to support its restructuring efforts.
The company reported a slight increase in sales to $1.1 billion, driven by acquisitions, offset by mixed demand trends.
Although sales decreased, the full-year gross margin increased by 70 basis points compared to the previous year, reaching 41.2%.
The IMF projects a decrease in global inflation while predicting slower 2025 economic growth in the U.S. and other regions.
HCI has formed Driven Distribution Group via acquiring Chicago Parts & Sounds, a distributor of auto parts and accessories.
The company’s 3Q results showed stronger unit sales and digital growth, despite slight decreases in gross and operating margins.
PTDA and BSA expanded PIE, a product information platform for industrial manufacturers and distributors, to 32 offerings.
Rexel posted modest U.S. sales growth, reflecting strong performance in core electrical distribution despite weather-related challenges.
The tentative agreement omits a traditional pension plan while Boeing contends with workforce reductions and financial restructuring.
The report shows a decline in housing units and starts, despite a slight increase in single-family authorizations.
PTDA strengthened its support for distributors in the power transmission sector with the addition of ComInTec, UNIMEC and BearingBank.
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.
