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Industrial distributor Grainger says its fourth-quarter sales were up 3.3% as the company continued to deal with the “challenges and uncertainty” of COVID-19.
Shares of the global plumbing giant will be listed in the U.S. and traded under the ticker symbol “FERG.”
Home improvement B2C and B2B giant has opened 1.5 million-square-foot distribution center in the Dallas-Fort Worth metro area
In a C-suite shakeup that will happen in the third quarter, Amazon’s founder will step aside to allow Andy Jassy to become CEO.
The transaction partially fulfills WESCO’s commitment to divest its legacy Canadian Utility and Datacom businesses in connection with Canadian law.
Specialty building materials distributor expands presence in the Minneapolis-St. Paul area.
Jared Lukert and Eric Eddleman appointed to key leadership positions in the electrical distributor’s Houston branch.
Buying group also reports that in 2020 member net distributions increased 1% while supplier purchases declined 1%.
Association also reports that the average annual sales growth for the 12 months through December 2020 for HARDI distributors is 4.1%.
Despite the pandemic, construction spending for 2020 wound up at $1,429.7 billion, up 4.7% from 2019.
