News
Latest
Breaking news in Wholesale Distribution
The official manufacturing purchasing managers’ index (PMI) was 49.3 in July, data from the National Bureau of Statistics showed.
After years of financial trouble and recent labor disrupts, North America’s third largest truck carrier is filing for bankruptcy.
Standex said it expects the acquisition to be accretive to its earnings and to achieve a double-digit return on invested capital.
The company's 2023 second quarter included one new acquisition and the naming of a new Chief Strategy Officer.
The Conference Board Consumer Confidence Index rose again in July to 117.0, up from 110.1 in June and to the highest level since July 2021.
Millennium Manufacturing will help Bracalente bolster its specialized CNC milling, turning and multi-spindle manufacturing capabilities.
That geographic segment includes gases and welding products distributor Airgas, which was No. 5 on MDM’s Top Industrial Distributors List.
Year-over-year sales growth slowed to 2% in the second quarter, but operating margin increased to 20.6%, according to an earnings report.
It was the fourth consecutive monthly increase, and more than twice the increase of May.
Romac Industries' President said the expansion aligns with the company's commitment to domestic manufacturing.
