The deal will increase Singer Industrial’s North American presence to roughly 85-plus locations with over 1,000 employees.
Latest In Operations
Daikin Applied's regional service operations will combine with the Carroll Air Systems service team, according to a news release.
The new campus, located in Long Beach, includes an 1,800-square-foot showroom and a 20,000-square-foot warehouse.
The company reported 1Q 2023 gross profit of $98.4 million, down from the $107.8 million reported during the same quarter in 2022.
The industrial distributor's fiscal 3Q sales grew 5% year-over-year.
AD members saw their sales increase 6% year-over-year in 2023's first quarter.
Codale Electric, a Sonepar company, announced the opening of its new Nampa, Idaho, branch location.
MDM reported on 40 acquisitions in April, nearly double the amount reported during a relatively slow period in March.
The earnings call comes two weeks after Amazon said its Business segment was driving $35 billion in annualized gross sales by end of 2022.
MDM looks at another round of earnings reports from industrial distributors and manufacturers.
The increase reflected organic sales growth of 10.1% for the Swedish bearings manufacturer.
Material resource planning has sufficed in distribution for decades, but it's time to invest in technology that will further improve procurement strategies.
The industrial automation manufacturer saw explosive sales growth in 2Q compared to 1Q.
The change includes a 0.7% increase from acquisitions, offset by a negative 0.3% impact from foreign currency translation.
After a strong finish to 2022, Grainger maintained that momentum in 2023’s first quarter, according to its latest earnings report.
This acquisition establishes a new Flexpak branch location to distribute packaging supplies to a variety of customer end markets.
KCP sales rose 12% in the company's North America region in 1Q.
Following its record fiscal performance in 2022, Graybar again achieved record sales in 2023's first quarter.
Jiangsu Ryan Electrical, a manufacturer of power distribution and sub-transmission transformers, had 2022 revenues of about $100 million.
Boeing Distribution will be the exclusive distributor of approximately 600 actuation and control products.
