The current Douglas Manufacturing Ltd management team is expected to stay with the company as part of the deal.
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OSHA also is investigating Amazon for allegedly failing to provide adequate treatment for injuries at a fulfillment center in New York.
The distribution center was relocated from Rialto, California, to the Kansas City area to reach customers faster, the company said.
See the key financial figures reported by five major industrial distributors.
With traditional (gen-one) distributors threatened by new competitors with radically different financial and go-to-market models, Mike Marks advises on how distributors can build a next-gen distributor.
Despite a sales decline in 1Q, Regal Rexnord CEO Louis Pinkham has high hopes for the manufacturer following its acquisition of Altra Industrial Motion.
The Yokohama Rubber Co., Ltd. has acquired Trelleborg Wheel Systems from the Trelleborg Group for roughly $2.28 billion USD.
The company reported 1Q 2023 revenue of approximately $2.52 billion, a slight increase compared with $2.4 billion reported in 1Q 2022.
Reina Ohol has been promoted to Senior Vice President of Human Resources for Sonepar North America, the company said.
Riordan Materials Corporation and Florida Valve & Equipment Corp. and Environmental MD serve municipal water and wastewater treatment markets.
Parent company Resideo Technologies noted that ADI's eCommerce channel grew 17% during the quarter.
The oilfield products distributor's 1Q growth far outpaced that of the global rig count, powered by sales in the U.S. and international.
While down somewhat from its 4Q22 figures, Wesco posted more double-digit sales growth in 1Q despite harsh market headwinds.
Jon Byrd advises on the costs of various challenges standing in the way of distributors' inventory strategies, and how to overcome them.
Among the new locations are three in Texas, two in Tennessee, one in Puerto Rico and several across the Midwest.
The company's year-over-year daily sales growth accelerated after several months of decline, powered by sales to manufacturing customers.
MDM looks at another round of earnings reports from industrial distributors and manufacturers.
The decline in sales was primarily driven by a weak housing market that has plagued the building materials and construction industries for the past year.
The distributor of rubber sealing products, O-rings, gaskets and associated technical products marks AFC's fourth acquisition in 2023.
The deal will increase Singer Industrial’s North American presence to roughly 85-plus locations with over 1,000 employees.
