News
Latest
Breaking news in Wholesale Distribution
This category can only be viewed by members. To view this category, sign up by purchasing MDM Premium Subscription (monthly) or MDM Premium Subscription (annual).
This category can only be viewed by members. To view this category, sign up by purchasing MDM Premium Subscription (monthly) or MDM Premium Subscription (annual).
This category can only be viewed by members. To view this category, sign up by purchasing MDM Premium Subscription (monthly) or MDM Premium Subscription (annual).
New members include six distributors, seven manufacturers and one associate member.
Operating results declined due to weak global economic conditions, increased FedEx Ground costs from expanded service offerings, the loss of business from a large customer, a continuing mix shift to lower-yielding services and a more competitive pricing environment.
Tool-Craft Industries will continue to operate as an independent entity under the leadership of Chet Wilson, its president.
The managers will lead Curbells Houston, Tampa, Atlanta and Pittsburgh branches.
The deal continues Episervers momentum heading into 2020 after the companys November 2019 acquisition of content personalization and analytics company Idio.
Compressed Air was assisted in the sale by Generational Equity, a mergers and acquisitions advisor for privately held businesses.
The acquisition significantly enhances UPGs portfolio with a suite of new products and Morton's two facilities in Illinois and Mexico.
