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Industrial distributor appoints Scott Durand as president and Melissa Book as CFO.

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Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Jan. 11 to Jan. 15 increased 4.6%, reverting to normal growth after weeks in the double digits.

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However, the manufacturer closed the year on a positive note with fourth-quarter sales up 2.3%.

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With the benefit of today’s data tools, visualization software and reporting tools, customer stratification is more valuable than ever.

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Housing starts also up — in the low double digits — compared to year-ago period and the previous month, according to the latest residential construction report from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.

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Hisco president: “This acquisition enables us to further expand our signature ‘fast, friendly service’ to customers throughout North America."

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With these cost-cutting moves, the industrial distributor aims to save $15 million to $18 million annually beginning in fiscal 2022.

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Consolidation continues in the building materials sector following ACS’s eighth acquisition under its current PE ownership.

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Changes throughout the electrical distributor designed to help company “focus on growth and customer expectations.”

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For the full year of 2020, Fastenal’s sales increased 5.9% over the previous year driven by nine strong months of safety and PPE sales to offset softer fastener business.
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