Mid-State Bolt & Nut will be known as a "division of Field" moving forward, the company said.
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Though solid, sales and profit growth were considerably smaller than the previous several quarters.
The report includes information on the Winona, Minnesota-based distributor's continued efforts to improve workplace safety ratings.
Marc Strandquist has joined the industrial distributor as EVP of its Fastening Solutions Division.
GMS marked the beginning of its expansion into the New York City with the acquisition of Brooklyn-based fastener distributor Tanner Bolt & Nut.
Bossard, ranked No. 12 on MDM’s 2022 Top Fastener Distributors list, acquired the Canadian distribution unit from fastening solutions manufacturer PennEngineering.
Kelly Evans retired effective Nov. 1, and the fasteners and packaging supplies distributor has named his successfor.
It's the third acquisition of the year for Wisconsin-based Endries.
Michael Knight will succeed longtime Endries President Steve Endries, who will remain with the company.
It was another quarter of double-digit sales and profit gains for the industrial supplies distributor, which saw softening demand and tougher year-over-year comparables.
In an exclusive interview, Optimas Solutions dual-CEOs Mike Tuffy and Daniel Harms join the MDM Podcast to discuss how their elevation and newly announced roles provide additional stability to the global fasteners distributor and manufacturer.
The company said its new benchmark includes onboarding key BI personnel, implementing new analytics tools and publishing custom reporting.
It marks the company’s 10th branch location and fourth addition in the past 18 months.
Continued strong sales growth means the third quarter will likely be another windfall fiscal period for most industrial distributors.
Distributor and manufacturer Optimas is No. 29 on MDM’s 2022 Top Industrial Distributor list and No. 8 ranked fastener distributor.
Our long-awaited annual rundown of the top distributors across 17 industrial, construction and commercial products sectors is available to view and download.
A month-to-month acceleration in daily sales bodes well for fellow industrial distributors large and small.
The metalworking and MRO supplies distributor is suddenly on an acquisition streak.
The company said it saw benefits of carryover pricing impacts from 1Q, alongside continued strong underlying demand from industrial and construction customers.
Nick Ruetz has been elected president of the National Fastener Distributors Association for the 2022-23 term.
