News
Latest
Breaking news in Wholesale Distribution
Net sales increased 7% year-over-year in 3Q, down significantly from 2Q sales growth of 24.4%.
The heating and cooling solutions provider also announced it adding a new compressor and sensor factory in Mexico.
It provides Boucherville, Quebec-based The Master Group with extensive coverage in Ohio and Pennsylvania and represents a significant expansion of the distributor's U.S. footprint.
The marketplace platform has also launched a new storefront aimed to advance inclusive procurement.
The well-regarded barometer of U.S. manufacturing rose for the first time since August, but remains in contraction territory for the fourth straight month.
This category can only be viewed by members. To view this category, sign up by purchasing MDM Premium Subscription (monthly) or MDM Premium Subscription (annual).
Changes also include a newly redesigned logo, new website and a complete building renovation, the company announced.
Lowe's reported that 4Q sales increased slightly year-over-year but decreased sequentially from 3Q 2022.
Spending, however, was down on a monthly basis in seven of the 16 nonresidential subcategories, according to an ABC analysis.
The acquisition brings Colony Hardware to nearly 60 locations across the U.S.
