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Breaking news in Wholesale Distribution

Essendant to Buy Minority Contracts from Staples

Company also reports 2015 sales up 0.7 percent, loss of $44.3 million.

Gas & services sales up 6.9 percent year-over-year.

Genuine Parts sales down 0.4 percent for the year.

2015 sales declined 1.5 percent, the first annual decrease since 2009.

Fourth quarter sales down 11.4 percent.

Jack Lawson, current president & CEO, to retire.

Prices will increase for liquid and bulk industrial gas products.

Manufacturer sales down 56.2 percent from December 2014 peak.

Fourth quarter sales were up 3.2 percent year-over-year.

Industrial production also down 1 percent in the EU28.