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Breaking news in Wholesale Distribution
CFI provides customers with industrial fluid power, lubrication systems and motion control solutions from facilities in Texas, Oklahoma and Louisiana.
Wesco said it expects organic sales and operating margin to grow in 2025.
The company expects to cut costs via a significant downsizing of its physical footprint.
Joining forces with Platinum will give R&B Wholesale additional financial and operational tools to enable growth, company officials said.
However, orders ended the year with strong momentum.
Anesa Chaibi, a veteran executive with experience in MRO distribution, was tapped for Global Industrial's top post.
BDI VP Bill Shepard steps into the role of PTDA President, and Sumitomo CX, Product VP Sara Zimmerman begins Manufacturer Council Chair role.
Inventories felll again in December amid strong sales, government data showed.
