The company made the decision based on the recommendation of a special committee composed entirely of independent directors.
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RPM Truck Repair is a provider of comprehensive truck and repair services with locations in Effingham and Mount Vernon, Illinois.
The two are expected to merge operations sometime in 2024 and will operate on a combined basis as Crawford, Sonepar said.
DataXstream CEO Tim Yates explores if better tech can have a positive impact on a distributor's ability to hire and keep talent.
Castle Metals is a provider of metals, services and supply chain solutions serving industrial and aerospace customers.
The merger is expected to be finalized by the end of August, according to a news release.
Slowing consumer spend has led big-box retailers to buy less corrugated and cardboard products and U.S. paper mills to scale back production.
New warehouses in Florida, and Kentucky, will allow more plumbing service providers to receive efficient delivery.
The threat of disruptions at West Coast ports has receded as dockworkers and port employers reached a tentative agreement on a new contract.
Grainger will house an industrial supply bulk warehouse facility at a newly developed logistics park in Pineville, North Carolina, by 2024.
Wire and cable product manufacturer Southwire expects to increase production capacity by 30% with the expansion of its plant in Alabama.
Despite the dockworkers' union saying work continues during labor talks, employers are highlighting disruptive actions slowing operations.
L&W Supply is a subsidiary of ABC Supply, which ranked No. 2 on MDM's Top Distributors List for Building Materials/Construction.
The deal enhances capabilities to serve high growth, sustainable end markets including green steel, the company said.
The new jobs include minimum average yearly wages of $53,204, which is above the Lincoln County average of $49,332.
UNFI's net income decreased 89.6% to $7 million, the Providence, Rhode Island-based company said.
For its fiscal year ended Oct. 31, Hisco had sales in excess of $400 million and adjusted EBITDA of about $29 million.
MDM Executive Editor Mike Hockett will serve as a panelist on two of the Industrial Supply Association's ominchannel experience sessions.
Plans for the acquisition were first announced May 9.
Mentions of reshoring were substantially more common in 1Q earnings calls compared to a year earlier. What are the factors driving the hype?
