Fastenal Sales Rise 6.4% in 2021
The Winona, Minnesota-based distributor topped $6 billion in net sales for the year, including more than $1.5 billion in 4Q 2021.
Type: News
New Residential Construction Rises Again in December
Census Bureau: Privately‐owned housing units authorized by building permits were 9.1% above the revised November rate.
Turtle & Hughes Promotes 2 Execs
The electrical distributor says Aram Marandyan has been named VP of sales, and Dan Pinshaw will succeed him as branch manager in Los Angeles.
Proton.ai Closes $20M in Funding
The company says the recently closed Series A funding will help it expand AI-powered growth platform for distributors.
Bluon Adds Financing for HVAC-R Tech
The new capital will be used to develop its e-commerce platform and software development for sales teams and technician staff.
Marcone Acquires Munch’s Supply
The home appliance, HVAC and plumbing repair parts distributor made a deal to acquire the company from Ridgemont Equity Partners.
Rexel Appoints New Digital Officer
John Pehler, who joined the company Jan. 10, has been appointed chief digital officer after previous jobs at Grainger and Caterpillar.
Construction Input Prices Jump 0.6% in December
An Associated Builders and Contractors analysis of Producer Price Index data shows prices increased over November.
Wholesale Prices Rose 9.7% in 2021
The Producer Price Index for final demand increased 0.2% in December, the U.S. Bureau of Labor Statistics reported.
Graybar CFO to Retire
The St. Louis-based electrical, communications and data networking distributor said SVP and CFO Scott Clifford will retire in June.
Stellar Industrial Supply Acquires JLM
The Tacoma, Washington-based MRO distributor says it has reached a deal to acquire supply firm JLM Industrial Supply.
Wynnchurch Sells Controlling Interest in Rosboro
The middle-market private equity firm sold its majority interest in Rosboro Holdings, Inc. to One Equity Partners.
BlackHawk Industrial Acquires Pinnacle
The Oklahoma-based distributor of metalworking and mission critical industrial products says it acquired the Ohio-based supply company.
Manufacturing Orders Jump 14% in November
Orders surpassed $650 million during the month, according to the latest U.S. Manufacturing Technology Orders Report.
NEFCO Finalizes Russell Supply Acquisition
The construction supply company says it completed a deal to acquire the Vermont-based supplier, which also serves New York and New Hampshire.
PTDA Adds 2 New Members
PTDA welcomed an industrial chain and manufacturing-solution company and a provider of torque limiters, shaft couplings and safety brakes.
Hillman to Open Another Georgia Facility
The Cincinnati-based supplier of complete hardware solutions is building a 450,000-square-foot facility in the city of Shannon.
Owens & Minor to Acquire Apria for $1.45B
The global health care solutions company says it will acquire Apria for $37.50 in cash per share of common stock.
FDI ‘Moderately Decelerated’ in December
The seasonally adjusted Fastener Distributor Index of 56.2, was driven primarily by a lower employment index.
Nonresidential Construction Employment Rose in December
The industry added 22,000 net jobs in December, and the industry has recovered slightly more than 1 million of the jobs lost in 2020.
