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The deal adds a Mokena, IL-based industrial automation and electrical distributor about $330 million in 2025 annual turnover.
Japan-based NSK and NTN announced plans to pursue a business integration through a joint holding company, a move that would create one of the world’s largest bearing and power transmission suppliers with combined annual revenue approaching $12 billion.
SupplyHouse has appointed its first general counsel as the fast-growing eCommerce-based distributor builds legal and governance infrastructure to support continued expansion across its plumbing, HVAC and electrical supply business.
Colonial Oil Industries is one of the largest independent oil distributors in the U.S., primarily serving the Southeast.
SBSI nets three Tennessee locations with the expansion, giving it 14 overall across the five U.S. states.
A proposed class-action lawsuit filed in federal court accuses Ace Hardware and software provider Epicor of orchestrating a long-running scheme to coordinate retail pricing and allocate local markets among thousands of Ace-affiliated stores nationwide.
While inflation is a major tailwind, a sustained increase in average order value above inflation continues to point to increased demand.
It comes about two months after distributors completed their merger to create a company with more than $10 billion in annual revenues and 13,000 employees.
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The now-combined company also provided an update on MRC’s integration, and ERP system migration that has seen major challenges since launched in November.
