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Less than a month after a massive fire destroyed one of Medline’s largest distribution centers, the medical-surgical products distributor has secured two new Northern California facilities totaling more than 1.6 million square feet.
The pending sale would make Continental a pure-play tire manufacturer while putting ContiTech’s industrial rubber, hose, conveyor and fluid management portfolio under private equity ownership.
It followed a 4.5% April increase, marking a downtrodden start to the first meaningful month of cooling season.
The reported offer comes about five months after GPC announced plans to separate its NAPA automotive parts business and Motion industrial parts business into two standalone public companies.
The deal expands Mountainland Supply’s presence in the electrical utility market and adds a Utah-based distributor specializing in high-voltage transmission and distribution products.
The acquisition gives Meritus’ Buckeye Welding Supply platform a fourth Colorado location and expands its helium capabilities in the Denver market.
Resideo’s board has formally approved the planned spin-off of ADI Global Distribution, setting a July 20 record date and Aug. 3 shares distribution date for the low-voltage products provider.
The Greensboro, NC-based HVAC manufacturer representative’s addition of Gulf Breeze, FL-based Aeromechanical marks its first expansion into Florida and the Gulf Coast market.
It's effective July 1, as Terry O’Brien retires and transitions into an advisory and board role.
Pricing still did most of the heavy lifting for sales growth, but the volume movement is a positive demand sign for the broader metalworking and MRO supplies market. Get the key figures here.
