Known as Wesco Aircraft until 2020, the company looks to right-size its debt amid reduced demand and ongoing litigation.
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Global Industrial says the acquisition expands the industrial distributor’s one-to-one sales reach to new customers and markets.
DSG will pay $269 million at closing for Hisco, which was No. 39 on MDM's 2022 Top Industrial Distributors list.
Changes also will include U.S. site expansions, site transformations into manufacturing centers of excellence and site consolidation.
The layoffs will occur within “the next few weeks,” according to Amazon CEO Andy Jassy.
The Occupational Safety and Health Administration says investigations are ongoing in Colorado, Florida, Idaho, Illinois and New York.
Fastenal's daily sales growth this past month was slower than October but still outpaced Baird's projected output.
The rare, bipartisan legislation heads to President Biden's desk, where his expected signature would avert what NAW calls a catastrophic labor strike.
US Foods announced the CEO appointment of Dave Flitman one week after Builders FirstSource announced his departure.
Builders FirstSource Executive Vice President Dave Rush has been appointed interim CEO while a search for a permanent successor is conducted.
The distributor has also enacted a handful of other cost-cutting actions as homebuilding has soured throughout 2022.
See what the association had to say about the initial results of Nov. 8's midterm elections, many of which were very polarizing.
Sales growth was slower than in 2Q, but Grainger remains on pace to finish 2022 strong.
It marks the fifth acquisition in the past three years for Martin, and its fourth in the Hoosier State.
Sales growth at Motion Industries narrowly outpaced that of 2Q, with organic sales driving the majority of it, alongside a continued boost from Kaman Distribution Group.
The metalworking and MRO supplies distributor's fiscal year ended Sept. 3, and its strong momentum bodes well for the greater industrial supplies market.
It was another quarter of double-digit sales and profit gains for the industrial supplies distributor, which saw softening demand and tougher year-over-year comparables.
The deal comes after IR’s $3.59B offer to buy SPX outright was rejected in July 2021.
The MRO products giant's annual Investor Day event outlined the company's three-year performance projections, which include continued strong sales growth.
The new website unites the legacy of recently-acquired automation intelligence and comes seven months after MotionAi was launched.
