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The transaction will add Belle Tire’s more than 180 Midwest stores to Big Brand’s rapidly expanding network, creating an independent tire and automotive service provider with over 530 locations.
The combination creates a super-regional distributor with 38 locations serving industrial MRO, OEM and mobile-equipment customers across the Midwest and South.
The $35-per-share agreement raises LKCM’s original offer by nearly 19% and would end DSG’s four-year run as a publicly traded industrial distributor.
The automotive aftermarket products distributor and manufacturer plans to open a 1.1 million-square-foot logistics and operations center near Atlanta, adding capacity and 160 jobs.
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The latest Producer Price Index showed wholesale prices fell in June as energy costs retreated sharply, while underlying inflation remained more subdued, offering a calmer inflation picture after May's energy-driven surge.
Trex is realigning its North American distribution network around SBP while expanding relationships with three regional distributors and transitioning away from Boise Cascade.
The addition of Denver-based Rocket Seals expands Marco’s reach across industrial markets and marks its ninth acquisition since partnering with Align Capital Partners — and second in three months.
Consumer inflation eased considerably during June as gasoline prices reversed course, while core prices were unchanged month-over-month and posted their smallest annual increase since early 2021.
Gross margin held steady sequentially despite pricing moderation as Fastenal pointed to continued improvement in end market demand.
