The Power Transmission Distributors Association on July 30 announced the association for the industrial power transmission/motion control distribution channel has welcomed six new member companies.
Latest In Companies
The largest B2B distribution M&A deal finalized Monday, and it is going to have a big impact on electrical, industrial and datacomm distribution.
Electrical giants clear regulatory hurdles as Anixter becomes wholly owned subsidiary of WESCO.
Electrical distributor makes handful of executive appointments and promotions.
Latest investment from Swedish bearing and seal manufacturer will expand current Chinese plant.
Paper and packaging manufacturer announced Wednesday a refinancing plan and an update on second-quarter sales.
Ben Rushing, a former outside sales representative, rejoins company as regional sales manager for the Western U.S.
New location for electrical, HVAC and plumbing branch gives DSG larger footprint, more efficient layout.
U.S. sales decrease 22 percent as company continues to deal with uncertainty surrounding the COVID-19 pandemic.
More than 13,000 health care and 7,000 government organizations have purchased PPE and other supplies through COVID-19 Supplies site on Amazon Business.
Construction and industrial sales decreased 1.1% in the fiscal first quarter.
The industrial distributor said preliminary fiscal third-quarter sales were $835 million, which would mark a 3.6% decrease from year-ago period.
The safety category again stole the show for Fastenal Co. during its May sales report with a 136.3% increase, while the companys fastener business has likely hit the bottom during the COVID-19 disruption and could be on the upswing.
The company reported daily sales up 14.8% versus a year ago based on strength in safety.
The board of directors will begin a thorough and deliberate CEO selection process to replace Andrew Lane.
Profit increased 40.2% to $59.7 million.
Profit for the year was $126 million, compared to $105 million in 2019.
Caldwell Hart will be responsible for strategic procurement, operational purchasing and related services, reporting directly to Jayne Millard, chairman and co-CEO, and Kathleen Shanahan, co-CEO of the electrical and industrial distributor.
The addition of Seger and Anderson-Helbling strengthens and broadens the breadth of talent and experience.
David J. Wilson was most recently president of the Pumps Division of Flowserve Corporation, a provider of flow control products and services for the global infrastructure markets.
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