United Rentals Acquires Franklin Equipment
Newest addition to United Rentals’ portfolio serves general contractors in Ohio, Indiana, Wisconsin, Kentucky, Tennessee, Alabama, Georgia and South Carolina.
Type: News
The Home Depot Opens Three DCs in Florida
Atlanta-based retail giant said it will open two more distribution centers in Miami in 2022.
American Construction Source Acquires Minnesota Distributor
ACS pulls trigger on ninth acquisition under current sponsorship with the addition of Foley Lumber and Milaca Building Center.
Fastener Distributor Index Flat in March
The seasonally adjusted Fastener Distributor Index (FDI) for March was 66, down only slightly from 66.1 in February.
Fastenal’s Sales Up 3.7% in 1Q
March sales increased 12.4% over the same month a year ago as the company saw fastener sales continue to rebound, growing 14% in the month.
Winsupply Names Three New Area Leaders
Distributor appoints Eric Leatherman, David Benton and Steve Lyon to new roles.
Manufacturing Technology Orders Up 34.2% in February
New orders placed in February also marked a 17.8% increase from the previous month of January, according to the most recent U.S. Manufacturing Technology Orders report.
PIP Appoints Director of Marketing – Industrial
Protective Industrial Products Inc. names Laura Proctor as director of marketing for industrial safety.
Watsco Completes Acquisition of Chicago Distributor
Watsco announced in March that it was spending $291 million to add Temperature Equipment Corp. to its portfolio.
Wholesale Trade Sales Up 6.4% in February
Wholesale trade shows improvement from same month in 2020 but was down from the previous month of January, according to the latest report from the U.S. Census Bureau.
US LBM Divisions Add Roofing Products
Coastal Roofing Supply and Raymond Building Supply have partnered to add roofing products at the company's North Port and North Fort Myers locations
Atlas Copco Acquires Spanish Vacuum Distributor
Newest addition to Atlas Copco’s portfolio is the Edwards vacuum distributor in Spain and Portugal.
MSC’s Sales Dip 1.5% in Fiscal 2Q
Industrial distributor’s sales decline 4% in the first six months compared to year-ago period while profit sinks 53.2% YTD.
Goods and Services Deficit Grows in February
Year-over-year, the goods and services deficit increased $3.3 billion, or 4.8%, from January.
Grainger Subsidiary Imperial Supplies to Relocate North Carolina Warehouse
Company said the new Salisbury, N.C., distribution center will better meet growing customer demand.
Van Meter Announces Intent to Buy Werner Electric
Already a 50% partner in Werner Ventures LLC, the legal entity that owns Minnesota-based Werner Electric, Van Meter intends to make a stock purchase of the remaining business. The sale is expected to close on April 30.
NOW Inc. Completes Flex Flow Acquisition
Deal bolsters NOW Inc.’s “existing product offering with the addition of [Flex Flow’s] rental product solution.”
HARDI Distributors Report 21.1% Revenue Increase in February
Association also reports that the average annual sales growth for the 12 months through February 2021 for HARDI distributors is 6.1%.
Resideo Technologies Acquires Norfolk Wire & Electronics
The acquisition is designed to enhance the growing data communications product category within ADI Global Distribution, according to the global manufacturer and distributor of technology-driven products and solutions.
Motion Names Director of Corporate Development
Jim May, who joined the company in 2020, will now be charged with advancing the company’s acquisition strategy and processes.
