News
Breaking news in Wholesale Distribution
SRS Distribution Acquires C.C. Supply
Building materials distributor SRS Distribution Inc. expands footprint in Ohio with the acquisition of a family-owned distributor of residential and commercial roofing, siding, windows and doors, and other products.
NOW Inc. Announces Alario Stepping Down as Executive Vice Chairman
Dick Alario will continue to serve as a director of the company.
RBC Bearings Sales Down 19.6% in Fiscal 2Q
Bearings manufacturer RBC Bearings sees profit sink 34.8% in the second quarter of fiscal 2021.
Heritage Landscape Acquires Irrigators Supply
Landscape distributor Heritage Landscape Supply Group Inc., a McKinney, Texas-based subsidiary of SRS Distribution, announced its fourth acquisition of the last four months with the addition of Irrigators Supply Inc.
MRC Global 3Q Sales Plummet 38%
Year to date, sales decreased 31.6% as the company reports a loss of $287 million through the first three quarters of 2020.
Huttig’s Sales Down 1.4% in 3Q
Building materials distributor Huttig Building Products Inc. (Nasdaq: HBP), St. Louis, Missouri, reported third-quarter sales of $212.7 million, a 1.4% decrease over the prior-year period.
Cummins-Wagner Acquires F.R. Mahony & Associates
Cummins-Wagner Co. Inc., an Annapolis Junction, Maryland-based distributor, announced this week it has acquired F.R. Mahony & Associates Inc. Financial terms of the deal weren’t disclosed.
Builders FirstSource Sales Soar 15.9% in 3Q
Dallas-based building materials distributor Builders FirstSource, fresh off the acquisition of BMC Stock Holdings, reported a stellar third quarter.
Real U.S. GDP Up 33.1% in 3Q According to Advance Estimate
In the second quarter of 2020, when COVID-19 was decimating the U.S. economy, real GDP decreased 31.4%.
United Rentals 3Q Sales Down 12.1%
United Rentals also reported that sales for the first nine months of 2020 fell 9.3% compared to the same period of 2019.
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