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Lowe’s also posts a profit of $692 million as the company continues to ride the wave of home improvement growth amid the COVID-19 pandemic.
The seasonally adjusted Fastener Distributor Index (FDI) for October was 56.5, up from 49.2 in August.
The U.S. Census Bureau reported that the combined value of distributive trade sales and manufacturers’ shipments and inventories for September was up 0.8% from the same month last year.
According to the Industrial Production and Capacity Utilization Report, manufacturing output increased 1% during the month; industrial production was still 5.6% below its pre-pandemic February level.
Plumbing and HVAC distribution giant Ferguson adds Old Dominion Supply Inc. and Atlantic Construction Fabrics Inc. to its portfolio.
The 11,000-square-foot location for Heritage Landscape brand HLS Outdoor will be led by Jamie Greenstreet, a nine-plus year industry veteran with experience serving in various operational roles.
Distributor of specialty building materials trades hands and will now serve as Clearlake Capital Group's latest platform for organic growth and add-on acquisitions in this sector.
Bearings manufacturer SKF announces that Alrik Danielson is leaving the company after nearly five years at the helm.
American Securities LLC is the latest private equity firm to snap up one of the country’s top building materials distributors.
Building materials distributor HD Supply returns to the company that had sold it to private equity in 2007, though HD Supply went public in 2013 and has since reshaped its portfolio.
