Motion Industries President Randy Breaux shares details on how the deal came together, synergies and future growth opportunity in this deeper dive into the $1.3-billion transformative acquisition combining the No. 1 and No. 3 power transmission/motion controls distributors in North America.
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The company says Alan Boeckmann will not stand for re-election at the annual shareholders meeting this May.
Pittsburgh-based Kennametal Inc. says its fiscal 2022 second-quarter sales of $487 million were 10% above the same period last year.
2021 fourth-quarter sales increased 11.3% compared to the prior year, while net income from continuing operations was $68.1 million.
The company reported 2021 fourth-quarter sales of $4.8 billion, up 2% from the same quarter in 2020.
The electronic components distributor reported 2021 4Q sales of $9.02 billion and year-end sales of $34.48 billion.
The Winona, Minnesota-based distributor reported January 2022 sales of more than $540 million.
The online retailer and e-commerce company reported 2021 4Q sales of $137.4 billion, while year-end sales topped $469 billion.
Year 2021 member sales were $58.5 billion, a 30% increase from 2020, with purchases by member companies from AD supplier partners up 39%.
The company’s 2021 fourth-quarter sales were up 14.2% over the same period a year prior, while adjusted operating earnings were $417 million.
The company set numerous personal bests, including full-year 2021 sales at a record $5.5 billion, a 22% increase over 2020.
The St. Louis-based electrical, communications and data networking distributor says Richard S. King has been named to the new role.
B2B payments and net-term financing capabilities are a prime example of a 'timely, sexy' feature that can drastically accelerate digital growth.
The supplier of commercial supplies, equipment, consumables and expertise to specialty contractors announced the acquisition this week.
The Philadelphia-based global hygiene and health company acquired a U.S.-based cleaning and wiping company and manufacturer.
With the deal, the food service and JanSan distributor’s annual revenues are now expected to exceed $1 billion.
SBP Holdings completed the sale of Bishop Lifting Products, a group of value-added distributors of lifting products and specialty rental equipment.
Heating, Air-conditioning & Refrigeration Distributors International says average annual sales growth for the 12 months ending in December is 23.6%.
The home improvement retailer says Edward "Ted" Decker has been named CEO and president, effective March 1.
The distributor of heating, ventilation, air conditioning and refrigeration products announced earlier this month it had closed the purchase.