After a strong fiscal 2022, DXP is off to a fast start in 2023.
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The New York-based health care products distributor made acquisitions in Australia and Brazil.
PFG's total case volume grew 3% for a second straight quarter.
Sequentially, the foodservice distributor's net sales were roughly flat when compared to 4Q 2022.
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See the key financial figures reported by three major industrial manufacturers and distributors.
NetPlus added 23 new distributors in 2022 — and nine so far in 2023 — for a total of 414 members.
This adds to the $75 million Timken committed in late 2020 to strengthen both its wind and solar capabilities.
The current Douglas Manufacturing Ltd management team is expected to stay with the company as part of the deal.
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.
