After the transaction, CD&R will continue to own more than 15 million shares of common stock it currently directly holds.
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Dorn Group's John Gunderson outlines tried-and-true profitability measures distributors will look to take over the next year.
Austin, Texas-based Abracon acquired U.S. manufacturer NEL Frequency Controls in a move to expand its precision timing product offering.
RS has expanded its selection of smart manufacturing solutions with the addition of five new suppliers, according to a news release.
The partnership is the company's sixth transaction of the year.
With the sale, ABB said it has now completed all divisional portfolio divestments announced at the end of 2020.
Form Tech provides concrete forming and shoring rental equipment and related consumable products serving contractors through seven locations.
Negotiations between UPS and the union representing about 340,000 employees stalled July 5 after the parties failed to reach a deal on pay.
Following a 28-month period of growth, economic activity in the manufacturing sector contracted in June for the eighth consecutive month.
The home improvement retailer recently agreed to pay more than $72M to workers who were denied wages while they were ‘standing around.’
Electrical distributor Sonepar has partnered with an U.S. Army program that connects soldiers with employers.
The FTC plans to file a lawsuit alleging Amazon disadvantages sellers who don't use Amazon's logistics services, Bloomberg reports.
MRO and metalworking supplies distributor MSC Industrial Supply reported double-digit sales growth for the fifth consecutive quarter.
The company announced net sales of $1 billion in the third quarter of fiscal 2023, which ended May 31.
MDM reported 27 mergers and acquisitions among industrial distributors and manufacturers during June, representing a slight slowdown as 2Q wraps up.
More than 7,000 dockworkers at West Coast ports in Canada plan to strike on July 1 after “running out of options at the bargaining table."
The company is investing about $174 million USD in the new location, which could create about 900 jobs by 2027.
By 2024, the company says it will complete its goal by focusing on reducing fixed costs beyond product and transportation expenses.
The new delivery program has a goal of recruiting approximately 2,500 small business partners by the end of this year.
OrePac will establish Pacific Manufacturing and Logistics to operate a moulding and millwork products manufacturing facility in Oregon.
