The St. Louis-based company also reported that fiscal 2021 fourth-quarter net sales were nearly $1.25 billion.
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Woodgrain Inc. last month reached a deal to acquire Huttig Building Products for $350 million in an all-cash agreement.
The distributor says the ‘unanticipated rapid rise’ in fuel costs has pushed its suppliers to increase delivery charges.
In its latest earnings report, the company reported fiscal 2022 second-quarter net sales of $862.5 million.
The Columbus-based industrial distributor formerly known as Ohio Transmission Corp. announced the acquisition Wednesday.
Christopher D. Stansbury is expected to depart from the company Friday, Colorado-based distributor Arrow Electronics said.
The company reached a deal with Novinium Holdings, a Washington-based cable rejuvenation solutions provider.
DXP Enterprises, Inc. reported 2021 sales of $1.1 billion after closing three acquisitions during the year.
The company increased the pricing of its private offering from $500 million to $600 million aggregate principal amount of its 6.625% senior notes due 2030.
The company’s strong quarter was primarily due to the impact of the completion of its merger with Tech Data from September 2021.
The company says it will keep on hold new investments as well as the ‘international delivery of new project orders destined to Russia and Belarus.’
The hardware and building materials supplier opened a new location in Nevada, Missouri.
The home improvement company says it plans to use the net proceeds from the sale of the notes for “general corporate purposes.”
The company says the acquisition — the 3rd New Jersey company to join Envoy’s platform — with strengthen its Northeast presence.
The distributor of truck and trailer parts and services bought the assets of New York-based Portville Truck & Auto Repair.
Crescent Electric Supply Company says it has relocated its Minneapolis branch for ‘better customer access and enhanced service.’
Sheila Hernandez will lead the company’s efforts, including category management, supplier relations, digital presence and customer lifecycle.
The two companies have reached an agreement that will allow Woodgrain to buy Huttig Building Products in an all-cash deal.
Starting April 1, Distribution America and PRO Group will operate as Hardlines Distribution Alliance.
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