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Darin Davenport, who most recently served as president and CEO of P.T. International, takes over key AD division.
The seasonally adjusted Fastener Distributor Index (FDI) for November was 54.5, down from 56.5 in October but still in the growth range.
NW Synergy, a joint venture of JanSan and facilities maintenance distributors, has added the Wichita, Kansas-based company to expand its footprint of product and service offerings.
Ferguson’s U.S. region posted ongoing revenue growth of 3.2% and underlying trading profit growth of 11.3% in the first quarter of fiscal 2021.
Mid-State Lumber will continue to operate under its existing brand and with its current leadership after acquisition by U.S. Lumber, a subsidiary of Specialty Building Products.
Year-to-date, the goods and services deficit increased $46.6 billion, or 9.5%, from the same period in 2019.
During the quarter ended Nov. 1, HD Supply completed the sale of its construction and industrial business to a private equity buyer for $2.8 billion.
Fastenal’s reported daily sales for the month were also up 6.8% versus a year ago — again based on strength in safety (35.9% growth) and despite a 1.7% dip in fastener sales.
The dividend is payable Dec. 31, 2020, to shareholders of record at the close of business on Dec. 17, 2020.
Distributor will move to a smaller location with more employees working from home.
