A court found that the company failed to pay affected workers overtime back wages since August 2018 and violated recordkeeping provisions.
Latest In Top Distributor Sectors
Two of North America's largest JanSan, foodservice and packaging supplies distributors are now one.
The company's Spring 2023 acquisition of office products distributor Indoff powered most of the growth, while volume also improved.
Construction and building materials distributor Beacon opened three new locations to serve contractors and lumberyards.
Midway brands itself as the Mid-Atlantic's largest independent distributor of power transmission products and industrial supplies.
The acquisition of Advanced Industrial Supply is part of a flurry of acquisition activity in recent years to expand into new categories.
Graybar's net sales were a 3Q record, but growth is down from the numbers recorded in the first and second quarter of 2023.
The bearings maker said it's eyeing the sale of non-core Aerospace product lines, which include seals, rings and PEDs.
While total sales growth continued to slow from earlier in the year, it still far outperformed the MRO market.
To fully serve the new territories awarded by OEM partner American Standard, HVAC distributor Team Air will open three new branch locations.
While MSC's June-August quarter ended with strong daily sales growth, it flattened to low-single digits in September and October.
Boise Cascade's Building Materials Distribution division purchased a 120,000 sq. ft. warehouse and distribution facility in West Palm Beach.
3Q Industrial & Safety sales fell nearly 5% year-over-year amid mixed end-market demand and distributors right-sizing inventory levels.
The deal figures to further boost Fortive's electronic test and measurement offering alongside its Fluke brand.
It's the first expansion for IPG, which launched this past June out of a partnership between chemical distributors ChemSolv and Chemisphere.
It follows the electrical distributor's acquisition of Buford, Georgia-based Electrical Supplies Limited in early August.
Boeing Distribution will continue to offer Parker Lord's shock, vibration and motion control products for production and aftermarket needs.
The renewed partnership expands Fastenal's NHL presence to include Global Series European games and primetime international broadcasts.
It’s just the latest honor the MRO distributor has garnered during its centennial year of operation.
Engine Capital reportedly said the PVF distributor could net $14 to $18 per share in a sale as a premium to its current stock price.
