The metalworking and MRO supplies distributor is suddenly on an acquisition streak.
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Sandvik's recently-added GWS Tool Group has acquired Balax, Inc. as an addition to the conglomerate's Walter division.
The company said it has accepted the resignation of current Chief Financial Officer Kenneth Krause, effective Aug. 26.
SBP had acquired two distributors since selling off Bishop Lifting Products early this year.
As evidenced by the latest round of quarterly earnings reports, some industrial distributors and manufacturers still see year-to-year growth.
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.
It's the third acquisition for Winsupply announced this year, and comes alongside news that it will start drone deliveries on Aug. 9.
Core organic sales comprised half of the distributors' 24% sales growth year-over-year.
Deco Truss is primarily a manufacturer and supplier of structural roof and floor trusses to customers in South Florida and the Caribbean.
The distributor of specialty fasteners said it has finalized its purchase of Star Stainless Screw Company.
The MRO parts distributor said Lisa Solomon has been promoted to senior vice president of corporate accounts.
Following a period that reenergized the pace of M&A activity, deals involving packaging companies and international entities kept a brisk pace.
Sales outpaced that of 1Q at the industrial distribution giant, despite slowing throughout the quarter.
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.
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.
