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The reported offer comes about five months after GPC announced plans to separate its NAPA automotive parts business and Motion industrial parts business into two standalone public companies.
The deal expands Mountainland Supply’s presence in the electrical utility market and adds a Utah-based distributor specializing in high-voltage transmission and distribution products.
The acquisition gives Meritus’ Buckeye Welding Supply platform a fourth Colorado location and expands its helium capabilities in the Denver market.
Resideo’s board has formally approved the planned spin-off of ADI Global Distribution, setting a July 20 record date and Aug. 3 shares distribution date for the low-voltage products provider.
The Greensboro, NC-based HVAC manufacturer representative’s addition of Gulf Breeze, FL-based Aeromechanical marks its first expansion into Florida and the Gulf Coast market.
It's effective July 1, as Terry O’Brien retires and transitions into an advisory and board role.
Pricing still did most of the heavy lifting for sales growth, but the volume movement is a positive demand sign for the broader metalworking and MRO supplies market. Get the key figures here.
U.S. construction spending edged higher in May, helped by continued public sector gains and residential improvement. Private nonresidential spending, however, declined for an eighth straight month. Get all the key data and charts here.
The economic indicator was expected to hold or modestly tick down, as indices for new orders and production both declined month-over-month.
Do it Best Group is relocating True Value’s headquarters from Chicago to Fort Wayne, IN, bringing the retail-owned hardware chain’s corporate base to the home of its new parent company.
