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The year is off to a strong start, with cutting tool orders up double digits from the start of 2025 supported by rising industrial activity.
It's first acquisition for U.S.-based parent company Imperial Dade since its landmark merger with BradyPlus completed in March.
Analysts from Jefferies cited increased branch foot traffic at a handful of major industrial distributors that correlates with demand optimism voiced in 1Q26 earnings calls.
Production slowed in most market groups. Declines were partially offset by growth in the output of construction supplies, defense, industrial and space equipment.
It follows a pilot of SIMPL’s technology at a Georgia HD distribution center.
It's is Midland’s third acquisition in a span of 10 months.
The new leader has extensive industry experience from HD Supply, Home Depot Pro and the latter’s acquired companies Supplyworks and Interline.
The move highlights the company’s push into AI-powered CRM that delivers predictive insights and next-best actions to help distributors and B2B sellers drive smarter, more proactive customer engagement.
Bluon has launched PartsConnect, a new app feature that helps HVAC technicians quickly find compatible replacement parts and see local distributor availability, streamlining service workflows and improving contractor access to in-stock inventory.
Core inflation posted a modest monthly gain, while final demand good prices saw their biggest one-month increase since August 2023.
