It was a deceleration from January's 11.2% growth, but another solid month nonetheless.
Latest In Fasteners
Inventory Sales Company (ISC) is a distributor of Class-C parts with a focus on fasteners and strut accessories.
This category can only be viewed by members. To view this category, sign up by purchasing MDM Premium Subscription (monthly) or MDM Premium Subscription (annual).
The move comes less than a month after AFC's acquisition of Hazel Park-based Motor City Industrial.
Fastenal bounced back after a December that saw slower sales growth.
Mid-State Bolt & Nut will be known as a "division of Field" moving forward, the company said.
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.
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.
This category can only be viewed by members. To view this category, sign up by purchasing MDM Premium Subscription (monthly) or MDM Premium Subscription (annual).
