Viscan is a leading supplier of specialized screws, general fasteners and related components.
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The company reported net sales of $4.5 billion, a 21.3% decrease primarily driven by a weaker housing market and commodity deflation.
The planned cash transaction would be funded through available capacity in Greif’s existing credit facilities.
A court found that the company failed to pay affected workers overtime back wages since August 2018 and violated recordkeeping provisions.
The building materials distributor and manufacturer said that 91% of 3Q 2023 revenue came from distribution.
The company's Spring 2023 acquisition of office products distributor Indoff powered most of the growth, while volume also improved.
It's another week for industrial manufacturers' financial reports. We recap the key figures for thee of them here.
During the month, MDM reported on 43 mergers and acquisitions among distributors and manufacturers, the second most in any month this year.
Graybar's net sales were a 3Q record, but growth is down from the numbers recorded in the first and second quarter of 2023.
GM followed suit days after the autoworkers union reached a deal with Ford and Stellantis.
The company reported double-digit organic sales growth in commercial aviation, defense and space and process solutions.
The deal further boosts their geosynthetics offerings, two months after the opening of a new Southern California facility.
The bearings maker said it's eyeing the sale of non-core Aerospace product lines, which include seals, rings and PEDs.
Year-over-year sales declines continued at the toolmaker, but gross margin and operating margins improved substantially.
While the tentative deal ends Ford-related strikes, thousands of UAW members remain on strike at at General Motors and Stellantis.
Net sales for the first quarter of the company's fiscal year were $1.1 billion, an increase of 3.1% over the prior year.
While total sales growth continued to slow from earlier in the year, it still far outperformed the MRO market.
Four manufacturing companies will merge to create a single-source provider of full-service manufacturing and fabrication solutions.
DSG's new facility in Butte, Montana, will serve as a central distribution point for the distributor's other locations in the state.
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