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Fellow private equity firm American Securities, which acquired FBM in 2021, retains a majority stake in the distributor.
UPS plans to cut 12,000 jobs this year to realize $1 billion in cost savings after both domestic and international volumes have suffered.
Terabytes of data were stolen from manufacturing giant Schneider Electric’s sustainability division in a ransomware attack on Jan. 17.
Proton describes it as the first conversational AI chatbot designed specifically for distributors and exclusively for Proton CRM customers.
The company is bringing its full scope of PVF product and more to a 40,000-SF facility near the Indianapolis International Airport.
While distributors compete with other market distributors on sales, they compete with everyone for talent. Bharani Nagarathnam details three focus areas in which distributors can improve to attract more talent.
Food distributor and supplier PFG's renewed and expanded New Jersey facility will service its Mid-Atlantic operations for Vistar.
Mill-to-market corrugated packing manufacturer Hood Container acquired Sumter Packaging Corp. in the Southeast.
Automotive fastener manufacturer MEIDOH moves to diversify its business with the addition of Arizona-based Pilgrim Aerospace Fasteners.
Despite the tense global economic and political climate, Germany-based industrial distributor Würth Group's sales grew by 2.4%.
