The online retail giant, which doesn’t break out Amazon Business sales in quarterly earnings reports, said overall net loss was $2 billion in 2Q.
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The London-based water treatment and sustainability provider finalized a deal to acquire Manitowoc Ice from Welbilt, Inc.
The opening comes as Southwire expands its business following the acquisition of Topaz Lighting Corp. in December 2021.
Steve Short will lead US LBM’s building materials sourcing and procurement strategy and supply chain operations, the company said.
In the latest earnings reporting period for publicly-traded companies, these distributors and manufacturers reported strong sales figures.
It's part of the toolmaker's plan to save $1.5 billion in three-year cost savings while shifting resources and reprioritizing investments.
The acquisition will allow Envoy Solutions to continue to grow in the Southeast U.S. region, the company said.
The company plans to make its first-ever drone delivery on Aug. 9, on a three-mile flight from one facility to another.
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The company says the facility, located in Cincinnati, Ohio, will increase the company’s capacity by about 200%.
For the second quarter of 2022, Genuine Parts Company reported record sales of $5.6 billion, a 17% increase over the same period a year ago.
Milton’s sixth acquisition in the past 30 months is a designer and manufacturer of the LTI Tools brand, according to the announcement.
The manufacturer/distributor says Don Freeman and Kevin Blossom have been promoted to president positions.
Jon Bridge will join Rivet|MRO from Crescent Electric Supply, where he served as the 3M strategic accounts specialist.
Watsco reported a profit margin of 27.9% from their sales of $2.13 billion compared to last year’s $1.85 billion.
Matt Murray joins as senior business unit manager for industrial distribution and Mike Smith joins as senior business unit manager for fleet.
Travis Hendren will be responsible for all field operations supporting the company’s distribution yards, GMS Inc. said.
The transaction was initially announced on Dec. 8, 2021, and Security generated approximately $1.6 billion in revenue that year.
The manufacturer reported second-quarter 2022 sales of $1.136 billion, an increase of $55.2 million over the same period last year.
The industrial technology manufacturing company financed the transaction through a combination of available cash and debt.
