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Tom Podsiadlik, the newest Dakota Supply Group regional general manager, will be responsible for leading all seven branches in Michigan.
Pietro Satriano is stepping down as US Foods CEO, while first-quarter net sales increase 23.9% to $7.8 billion.
The company broke ground on a new manufacturing site in Eschbach and announced plans to build its third European logistics center in Bernburg.
CEO Kevin Murphy said the listing structure is now ‘fully aligned with our operations and location of our team.’
The distributor said it acquired the assets of T&R, a full-service heavy duty repair business based in Bath, New York.
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New South Construction Supply said an agreement to acquire American Contractor’s Supply has been dissolved.
The distributor reported 2022 first-quarter net sales of $5.7 billion, while net income grew 270.6% to $639.6 million.
Sales for the quarter were $319.4 million, compared to $245.6 million for 1Q 2021 and $293.1 million for 4Q 2021.
The distributor reported 2022 first-quarter gross profit of $136 million, compared to $103 million during the same quarter in 2021.
