News
Latest
Breaking news in Wholesale Distribution
New orders of manufacturing technology totaled $411.3M in June, according to the latest U.S. Manufacturing Technology Orders Report.
The company says the acquisition expands its beverage packaging capabilities and strengthens its position in North America.
The distributor also announced a new leader for its Industrial Parts and Engineered Repair Services segments.
It adds 18 locations and 220 employees to Border States as its first acquisition in 18 months.
July's PPI increased at a faster pace in July vs. June, with core CPI posting its biggest one-month increase since February.
Net sales for the quarter were down 3% from 2022, while net income attributable to Masonite dropped 18%.
The new headquarters offers a wellness center, kitchen, coffee and luncheon area, and a game room — complete with a golf simulator.
Total inventories of merchant wholesalers, except manufacturers’ sales branches and offices, also declined during the month.
Consumer prices increased at a slightly higher pace than in June, while core inflation ticked downward.
The company reported that fiscal 4Q net sales were $1.2 Billion, up 9.1% YoY and up 8.6% on an organic basis.
