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The U.S. government says bankrupt supplier First Brands underpaid tariffs on imported goods for years, adding another major development to the company’s ongoing collapse and its growing fallout across the automotive aftermarket distribution channel.
The independent construction and industrial distribution cooperative has served its members for 37 years. Get the details here, including where those members are likely heading.
The DOJ charged four major container manufacturers — which combine to produce nearly all of the world's standard unfrigerated shipping containers — and seven of their executives with allegedly conspiring to restrict output and inflate prices during the pandemic-era supply chain crisis.
Continental Fuel Group, backed by Brenton Point Capital Partners, is pursuing acquisitions of commercial fuel distributors across the Midwest, Mid-Atlantic and Southeast.
Employee-owned electrical distributor Van Meter is expanding and automating its Minnesota distribution hub with a 124,000-square-foot addition designed to boost efficiency, consolidate operations and support long-term growth.
Parker Hannifin is set to significantly expand its Aerospace & Defense footprint by acquiring CIRCOR’s commercial and defense aerospace business, adding flight-critical motion and flow control technologies tied to major OEM and defense platforms.
We're off Monday in observance of Memorial Day in the U.S., so Update will be back in action Tuesday morning.
Motion Control & Enterprises adds Florida-based Tripp Electric Motors to expand its repair and maintenance capabilities in the state’s water and wastewater markets.
U.S. housing starts declined in April as single-family construction slowed, while building permits rebounded month-over-month amid continued volatility in residential construction activity.
Cincinnati-based Valco Melton manufactures adhesive dispensing machinery, cold glue and hot melt systems, coating equipment and vision inspection technologies used in packaging, paper converting, nonwovens, automotive and woodworking applications.
