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