The 2020 Mid-Year Economic Update_long

News

Latest

Breaking news in Wholesale Distribution

MSC Industrial Supply
Operations

Hillenbrand Declares First Quarter Dividend

The dividend is payable Dec. 31, 2020, to shareholders of record at the close of business on Dec. 17, 2020.

MSC New CSC
Operations

MSC Industrial Supply Co. Relocates Customer Support Center

Distributor will move to a smaller location with more employees working from home.

multicolored electrical wiring on white background
Operations

Allied Electronics Expands North America Distribution Center

The expansion doubles the distributor's capacity and leaves room for future growth.

IRCG-Pandemic-Revenue-Index-Nov-23-Nov-27-2020
Research & Analytics

Pandemic Revenue Index Shows 4.3% Jump

Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Nov. 23 to Nov. 27 indicated an increase; it could be related to the holiday, but nevertheless it marked the biggest sales growth since July.

Grainger Warehouse
Leadership

Grainger Announces CFO Change

Distributor appoints Robert O'Keef to interim CFO following the decision by Tom Okray to step down and join another publicly traded company.

Belt Power acquires Rubber Service
Operations

Belt Power Acquires Rubber Service

Rubber Service’s owner, Lou Siemer, will continue to lead the new branch for Belt Power, a portfolio company of Shorehill Capital LLC.

Shingle & Gibb
Operations

Graybar Acquires Shingle & Gibb Automation

Electrical distributor says the addition of Shingle & Gibb will strengthen its position in industrial automation and control.

Home Depot Distribution Centers
Operations

The Home Depot to Open Two DCs in Newark Area

With addition of two distribution centers, home improvement giant The Home Depot will bring 400 jobs to the tri-state area.

US LBM acquires Ridgefield
Operations

US LBM Acquires Connecticut’s Ridgefield Supply

Addition of building materials distributor will strengthen US LBM’s presence in the New York metropolitan tri-state area.

Brady Industries
Operations

Brady Acquires Memphis JanSan Distributor

Company’s latest addition is Topmost Chemical & Paper, a Memphis, Tennessee-based distributor of janitorial supplies and equipment.

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