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Price pressure trends continue as last month’s wholesale inflation was 9.7% higher than January 2021, the Bureau of Labor Statistics said.
The company says the rebranding will unify its growing team under one name to ‘better demonstrate our consolidated North American presence.’
Consolidated sales in 2021’s 4Q decreased 4.3% compared to the prior year, but overall annual sales were up 3.3%.
Pipes, valves and fittings distributor MRC Global Inc. reported 2021 4Q sales of $686 million, an 18% increase over 2020.
The private equity firm acquired Benoist Brothers Supply Co., a Midwest-based regional distributor of HVAC/R equipment, parts and supplies.
The board of directors for one of the largest foodservice distributors in the U.S. has decided to separate the roles of CEO and chair.
WESCO International Inc. reported 2021 fourth-quarter sales of $4.9 billion, a 17.5% increase over the same quarter in 2020.
Genuine Parts Company announced an increase in the regular quarterly cash dividend for the 66th consecutive year.
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The company completed its acquisition of the Maryland-based fresh produce distributor in a deal that previously was announced in December.
