Resideo Technologies reported strong Q4 and full-year financial growth, driven by a sales increase in its ADI unit and the integration of Snap One.
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Waldom appointed an industry veteran to strengthen supplier partnerships and drive the growth of its Green Stock and Master Distribution Solutions program.
The new president brings over 27 years of executive leadership experience and is expected to drive growth while strengthening the company’s commitment to its customers.
The company said it plans to “continue its momentum in 2025” and add more suppliers and products to its offerings.
Sales declined in the Americas and EMEA year-over-year, but Asia sales increased for the second consecutive quarter.
The company announced that President and CEO Jay Geldmacher will retire in 2025 as the company prepares for CEO succession.
Sterling Heights, MI-based D.F. Burnham is a distributor of hydraulic and pneumatic components.
The company cited a persistent “broader ecosystem inventory correction” causing a challenging market.
Sales in both its Electronic Components and Farnell business units declined by double digits.
The company enhanced its offerings across its business and marketplace with the addition of new products and supplier partnerships.
The company appointed a 25-year industry veteran to the newly-created role.
Massachusetts-based ConRes is a distributor of test and measurement equipment as well as industrial assembly supplies and tool kits.
The company will also have a new CEO once the deal is completed in late 2025.
Sales sequentially decelerated in 4Q during what the company cited as challenging market conditions.
Avent introduces a new product brand, and Tria Technologies, a business unit aimed at consolidating compute design and manufacturing.
With 30 years of experience in the semiconductor industry, Rebeca Obregon was tapped to lead the electronics components distributor Farnell.
Honeywell says CAES will enhance its defense tech solutions across land, sea, air and space, including new electromagnetic defense solutions.
Thermal Technology Distribution Solutions expands its footprint in the mid-Atlantic and increases its heat trace and engineering offerings.
The acquisition of SWHC marks the third deal in TTDS history as it builds out its thermal management solutions.
Ahead of Resideo's major acquisition of Snap One that will signficantly expand ADI, the unit saw 1Q volume declines in several categories.
