Mergers & Acquisitions MSC Acquires Tower Fasteners; 3rd Deal in 14 Months The metalworking and MRO supplies distributor is suddenly on an acquisition streak. August 3, 2022
Mergers & Acquisitions Sandvik Bolsters Tooling Unit, Acquires Taps Maker Balax in WI Sandvik's recently-added GWS Tool Group has acquired Balax, Inc. as an addition to the conglomerate's Walter division. August 3, 2022
Operations MSA Safety Begins New CFO Search The company said it has accepted the resignation of current Chief Financial Officer Kenneth Krause, effective Aug. 26. August 2, 2022
Power Transmission/Motion Control/Fluid Power SBP Holdings Acquires Fluid Power Distributor in Boise SBP had acquired two distributors since selling off Bishop Lifting Products early this year. August 2, 2022
Earnings Earnings Roundup: Global Industrial, Kennametal, CAT, AMETEK, Schneider As evidenced by the latest round of quarterly earnings reports, some industrial distributors and manufacturers still see year-to-year growth. August 2, 2022
Earnings Mayer Addition Helps Rexel’s 2Q North American Sales Jump 63% France-based electrial supplies giant Rexel said 2022 first-half U.S. performance was sustained by growth in all three of its end markets, especially in industrial. August 2, 2022
Mergers & Acquisitions Winsupply Expands in Texas, Acquires First Source Electrical It's the third acquisition for Winsupply announced this year, and comes alongside news that it will start drone deliveries on Aug. 9. August 2, 2022
Earnings Acquisitions, Pricing Power Major 2Q Growth at Builders FirstSource Core organic sales comprised half of the distributors' 24% sales growth year-over-year. August 2, 2022
Mergers & Acquisitions US LBM Acquires Deco Truss Deco Truss is primarily a manufacturer and supplier of structural roof and floor trusses to customers in South Florida and the Caribbean. August 2, 2022
Mergers & Acquisitions LindFast Solutions Completes Star Acquisition The distributor of specialty fasteners said it has finalized its purchase of Star Stainless Screw Company. August 1, 2022
Operations Motion Appoints New SVP The MRO parts distributor said Lisa Solomon has been promoted to senior vice president of corporate accounts. August 1, 2022
Mergers & Acquisitions July 2022 M&A Roundup: Momentum Carries into Year’s Second Half Following a period that reenergized the pace of M&A activity, deals involving packaging companies and international entities kept a brisk pace. July 29, 2022
Earnings Grainger Raises Outlook Again After 2Q Sales Jump 20% Sales outpaced that of 1Q at the industrial distribution giant, despite slowing throughout the quarter. July 29, 2022
Earnings Amazon 2Q Sales Rise 7% to $121B 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. July 29, 2022
Operations Pentair Completes $1.6B Ice Maker Acquisition The London-based water treatment and sustainability provider finalized a deal to acquire Manitowoc Ice from Welbilt, Inc. July 29, 2022
Operations Southwire Opens New Office Following Acquisition The opening comes as Southwire expands its business following the acquisition of Topaz Lighting Corp. in December 2021. July 29, 2022
Operations US LBM Names New Supply Chain SVP Steve Short will lead US LBM’s building materials sourcing and procurement strategy and supply chain operations, the company said. July 29, 2022
Earnings Earnings Roundup: Fortive, International Paper, Rockwell, Timken, TriMas In the latest earnings reporting period for publicly-traded companies, these distributors and manufacturers reported strong sales figures. July 28, 2022
Featured Breaking News Stanley B&D Plans to Shed 30% of Plants in Cost Savings, Reports 2Q Results It's part of the toolmaker's plan to save $1.5 billion in three-year cost savings while shifting resources and reprioritizing investments. July 28, 2022
Mergers & Acquisitions Envoy Solutions Acquires Sunbelt Packaging The acquisition will allow Envoy Solutions to continue to grow in the Southeast U.S. region, the company said. July 28, 2022