The content at PTDA’s Annual Summit in late October went heavy on recruiting and retaining best practices. Here, Mike Hockett chats with association CEO Ann Arnott to discuss key takeaways from the event, which included the nontraditional methods distributors can leverage to find and keep needed staff in a time when labor is hard to come by.
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In the first quarter and second quarter of 2022, year-over-year growth topped 36.1% and 24.2%, respectively.
Envoy Solutions' deal with the Pennsylvania company continues its M&A momentum one month after acquiring seven companies in Michigan.
Fastenal’s eCommerce sales represent 17.4% of total company year-to-date sales, the company announced.
Masonite's net income for 2022's third quarter was $57 million, a 51% increase over the same quarter in 2021.
The 75,000-square-foot warehouse will include extensive inventory and broad mix of power tools, safety equipment and general jobsite supplies.
Gene Hahnenberg previously worked at Trane Technologies, where he was most recently Vice President of Direct Materials Procurement.
Despite waning growth in non-residential construction markets, total daily sales growth essentially matched September’s.
Lawson Products changed its name to Distribution Solutions Group after merging with TestEquity Gexpro Services in April.
For the nine-month period ending in September, total revenue was $7.4 billion, up sightly versus the same period last year.
Net income attributable to NOW Inc. was $40 million for 2022's third quarter, the company said in an announcement.
The new facility will provide an increase in hydraulic manufacturing, maintenance and inventory services to businesses in the Northeast.
Wesco also closed on a previously reported deal to acquire Rahi Systems Holdings, Inc. for $217 million.
The average annual sales growth for the 12 months through September 2022 is 23.5% percent, HARDI announced.
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The new DC significantly expands the company'sfootprint in Canada, while its margin and profit dipped in 3Q despite higher sales.
Decades before digital transformation became an imperative, Jay Platt, CEO of BlueVolt and former CEO of Platt Electric, was on a mission to improve how his customers, team members and vendors could access information, whether for training, customer support or building a stronger company culture. He’s still at it.
During the month of October, MDM reported on 28 mergers and acquisitions in the industrial distribution and manufacturing sector. Read about them here.
RS Group's chief services officer will act as president of Allied in the interim.
Lowe is expected to continue operating under its current, founder-led management team and will be supported by the Crescent platform.