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Breaking news in Wholesale Distribution
Vermont-based electrical distributor Green Mountain Electric Supply has made its eighth acquisition in less than three years.
Timken's acquisition of iMECH enables the bearings manufacturer to increase its product breadth and provides cross-selling opportunities.
Manufacturer representation agency The Lawless Group named Jay Drummond President of its industrial and MEP market verticals.
Pump, compressor and vacuum equipment manufacturer Atlas Copco added three distributors to its compressor business.
Industrial distributor Vallen was recognized for its "groundbreaking" ESG program, dedicated to building a diverse and inclusive culture.
The proposal was made as part of a consolidation of the group's spherical roller bearing manufacturing to secure competitiveness in Europe.
Industrial production increased 0.3% during the month and advanced at an annual rate of 2.5% in the third quarter.
Joseph E. Creed, Group President of Energy & Transportation, has been appointed to the newly created position of Chief Operating Officer.
FBM's Acquisitions Include A&D Supply, Studs Unlimited, Henrietta Building Supplies and KCI Doors & Hardware.
However, certain markets continue to see strong demand and runway, led by U.S. manufacturing.
