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Breaking news in Wholesale Distribution
Texas-based waterworks and plumbing products distributor EGW Utilities Inc. bolsters its Water & Plumbing Group with latest addition.
Dallas-based building materials distribution giant Builders FirstSource adds $30 million-a-year supplier of windows, doors and millwork to its portfolio.
Amazon's new fulfillment center in Republic, Missouri, near Springfield, will create hundreds of new full-time jobs and give the company faster delivery times in the region.
Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Oct. 26 to Oct. 30 indicated a 0.4% decrease compared with the same week a year ago.
Despite the dip in overall sales for Fastenal, the company reported daily sales were up 4.1% versus a year ago based on strength in safety (32% growth).
In its second earnings report since completing the $4.5 billion acquisition of Anixter International Inc. but first to include the new addition's full financials, WESCO recorded a 93% sales jump and a $66.2 million profit.
Addition will expand Atlas Copco’s footprint in Germany with the acquisition of the vacuum equipment and services distributor.
Year-to-date, the goods and services deficit increased $38.5 billion, or 8.6%, from the same period in 2019.
NOW Inc., which reported a loss of $22 million for the quarter and a loss of $383 million for the first nine months of 2020, saw sales sink more than 50% in 3Q.
Average daily net sales decreased 9.2% and profit was down 7.1% for the building materials distributor in the third quarter.
