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Breaking news in Wholesale Distribution
Sandvik has added Sphinx Tools, which has customers primarily within the automotive, aerospace and medical segments.
Industry veteran Scott Shimel has joined the Tulsa, Oklahoma-based metalworking and MROP supplies distributor.
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Major distributors and manufacturers continue to raise their full-year outlook after better-than-expected 2Q results and persistent demand.
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A 3-alarm fire late Monday night destroyed the Commerce City, California, warehouse of Western Hose & Gasket, a WestFlex company.
Sandvik's recently-added GWS Tool Group has acquired Balax, Inc. as an addition to the conglomerate's Walter division.
The company said it has accepted the resignation of current Chief Financial Officer Kenneth Krause, effective Aug. 26.
As evidenced by the latest round of quarterly earnings reports, some industrial distributors and manufacturers still see year-to-year growth.
It's the third acquisition for Winsupply announced this year, and comes alongside news that it will start drone deliveries on Aug. 9.
