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Cummins-Wagner Co. Inc., an Annapolis Junction, Maryland-based distributor, announced this week it has acquired F.R. Mahony & Associates Inc. Financial terms of the deal weren’t disclosed.
Dallas-based building materials distributor Builders FirstSource, fresh off the acquisition of BMC Stock Holdings, reported a stellar third quarter.
In the second quarter of 2020, when COVID-19 was decimating the U.S. economy, real GDP decreased 31.4%.
United Rentals also reported that sales for the first nine months of 2020 fell 9.3% compared to the same period of 2019.
Building materials distributor BlueLinx Holdings also reported a profit of $55.1 million for the quarter.
Phoenix-based electronics distribution giant Avnet reports a loss of $18.9 million in the fiscal first quarter.
Excluding an outlier, the overall sales change is still positive but at 1.3%.
Arrow reports that global sales of electronic components and solutions increased 5% to 5.3 billion.
For the first nine months of 2020, sales at the Chicago-based MRO distributor Lawson Products slipped 10.2%.
The U.S. Census Bureau this week released advance indicators showing that the international trade deficit and wholesale inventories both decreased in September.
