DXP says the transaction provides it with 'operational and financial flexibility to reinvest in the business and pursue its organic and targeted acquisition growth strategy.'
Latest In Operations
For 3Q 2023, sales in North America were $2.21 billion, an increase of 2.7%, while sales in Europe were $2.38 billion, an increase of 3.4%.
Net sales for 2023's third quarter were nearly $1.16 billion, an increase of $56.8 million, or 5.2%, from 2022 levels.
For 3Q 2023, the company also reported a 9% increase in operating income to a record $257 million.
The agreement will focus on promoting the expansion of BBI’s stainless steel lines, according to a news release.
Sales for Genuine Parts Company's industrial segment were $2.2 billion, up 0.6% from the same period in 2022.
This category can only be viewed by members. To view this category, sign up by purchasing MDM Premium Subscription (monthly) or MDM Premium Subscription (annual).
Sunrise Electric Supply joins Sonepar with over 80 associates, according to a news release announcing the deal.
Violations included employing one child to operate a forklift — a hazardous occupation for workers under 18 — and tasking another child to pick orders in the warehouse.
White Cap's 20,000-square-foot indoor building space is in addition to 1.5 acres of industrial outdoor storage space.
Industrial distributor Vallen was recognized for its "groundbreaking" ESG program, dedicated to building a diverse and inclusive culture.
The proposal was made as part of a consolidation of the group's spherical roller bearing manufacturing to secure competitiveness in Europe.
Industrial production increased 0.3% during the month and advanced at an annual rate of 2.5% in the third quarter.
FBM's Acquisitions Include A&D Supply, Studs Unlimited, Henrietta Building Supplies and KCI Doors & Hardware.
The company has opened its second U.S. location in Garden City, temporarily located at 2726 W. Jones Ave.
The announcement comes about nine months after Kito Corp. and Crosby Group merged.
A recent report from Bloomberg stated that the minority stake of US LBM is valued at approximately $7 billion.
The company said it has agreed to be acquired by ShoreView Industries in an all-cash transaction for $13 per share.
The decision comes amid the company's push for increased efficiency. However, less than 1% of volume is expected to be impacted.
Some global companies have looked to restructure supply chains in an effort to avoid potential dangers caused by the Israel-Hamas conflict.
