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Breaking news in Wholesale Distribution
Distributor acquires business that operates as two entities — Stone Center of Richmond LLC and Stone Center of Fredericksburg LLC.
Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Dec. 28, 2020, to Jan. 1, 2021, increased 21.3%, in part because of a favorable comparison with last year’s holiday schedule.
Association also reports that the average annual sales growth for the 12 months through November 2020 for HARDI distributors is 3.2%.
Profit for industrial distributor MSC plummets 41.5% in the fiscal first quarter ended Nov. 28.
Motion & Control Enterprises, a portfolio company of the private equity firm Frontenac Co., called the addition of Diversified Air Systems a “natural fit with MCE’s fluid power capabilities.”
Iowa-based electrical distributor boosts portfolio by adding Wichita, Kansas-based, single-branch company in an asset sale.
These small additions to the Swedish manufacturer will become part of the service division within Atlas Copco’s Compressor Technique business area.
CEO Andy Nations is retiring and will be replaced by three of the company’s third-generation family members — Brian Davis, Ben Nations and Lauren Lanter — as co-CEOS.
RB operates two marine distribution and fabrication facilities, located in New Orleans and San Diego.
Chemical distributor names James Holcomb to key executive role.
