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Following this transaction, effective immediately, both Drillco and Triumph will continue to operate under their own respective brands.
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Excluding an outlier, the overall sales change is still positive but at 1.3%.
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It took the company more than a year of preparation to make the move.
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Mark Collett will remain president of Bloom.
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Fourth-generation, family-owned Maine company makes internal promotions within senior leadership team and adds several new roles.
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David Kinsella becomes president of Electrical–U.S. Division and Electrical-U.S. Supplier VP John Kudlacek plans to retire.
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CEO Michael DeCata reports the company is positioned for solid future growth, including acquisitions.
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The company’s second quarter financial results report $5.2 billion in net income.
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IRCG's weekly comparison of distribution business to previous year's data reflects 'unnerving sense of stability.'
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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.
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Business Prime intends to help members visualize spend data and identify money-saving opportunities.
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Card benefits vary based on whether a customer is an eligible Prime member.
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Net income $51 million, up 31 percent year-to-year.
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The PMI registered 50.7 percent, a slight decline from March.
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Operating profit fell 6.4 percent to $78.9 million.
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With acquisitions, sales were up 12.6% for WESCO.
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U.S. sales increased 4 percent, or 6 percent on a daily basis.
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Sales for the industrial and construction supplies distributor were up 14.3% in fiscal year 2012.
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MSC is expanding into product adjacencies with the acquisition of Barnes Distribution North America.
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ERIKS acquires hose and accessories distributor Klaus Technische Grosshandlung GmbH.
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