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Breaking news in Wholesale Distribution
Wholesale trade shows improvement from same month in 2019 and from the previous month of November, according to the latest report from the U.S. Census Bureau.
Building materials distributor announced in December 2020 that it was unloading this division to PE-backed Foundation Building Materials for $850 million.
Latest addition to Würth’s portfolio will join its new construction services business division, Würth Construction Services.
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For the fourth quarter, sales were also up big — 97% — thanks to its market-shifting acquisition last year.
Building materials distributor also reported a profit of $71 million, up significantly from a profit of $18.2 million the same quarter a year ago.
And new orders placed in December marked a 40% increase from the previous month, according to the most recent U.S. Manufacturing Technology Orders report.
Latest addition to SRS Distribution’s portfolio operates 11 locations across Southern California.
For the full year, the goods and services deficit increased $101.9 billion, or 17.7%, from 2019.
