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Breaking news in Wholesale Distribution
The company is evaluating a potential sale after receiving takeover interest, sparking an 8.3% surge in its stock amid market challenges.
Monthly U.S. wholesale inflation held steady in September, while continuing to decelerate year-over-year.
We're off Monday in observance of Columbus Day and Indigenous Peoples' Day in the U.S., so Update will be back in action Tuesday.
They'll be the 10th and 11th deals in 2024 for the infrastructure and industrial supplies distributor.
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Monthly, September's modest increase matched that of August and July.
The company refinanced its debt with a Senior Secured Term Loan B, securing $105 million to support future growth initiatives.
August inventories increased year-over-year, while remaining unchanged from July.
Insulation Supplies provides waterproofing, garage doors and shower doors to residential and commercial end-markets.
The company enhanced its service capabilities in Wisconsin and expanded its network of Parker Stores with the acquisition.
