SurfacePrep Sold from One PE Firm to Another
Ownership of Grand Rapids, MI-based surface enhancement solution distributor SurfacePrep is switching hands after tripling in size.
SurfacePrep Sold from One PE Firm to Another Read More »
News
Vallen to Buy Wesco’s Integrated Supply Unit for $350M
It will divest the industrial MRO unit out of Wesco, while considerably bolstering Vallen’s product and services offerings.
Vallen to Buy Wesco’s Integrated Supply Unit for $350M Read More »
PTDA Adds 3 New Members
The Power Transmission Distributors Association added a bearings distributor, a manufacturer and an associate to its membership.
PTDA Adds 3 New Members Read More »
Global Industrial Adds Former Jeld-Wen CEO to Board
Gary Michel fills a vacancy on Global Industrial’s board left by Thomas Suozzi, who resigned after being elected to the U.S. House.
Global Industrial Adds Former Jeld-Wen CEO to Board Read More »
Boise Cascade’s Building Materials Sales Swing to Increase
Building Materials Distribution sales improved 3% year-over-year during 4Q, a stark improvement from a 15% decline in 3Q.
Boise Cascade’s Building Materials Sales Swing to Increase Read More »
BlueLinx 4Q Sales Fall 16% on Price Deflation
A decrease in BlueLinx’s 4Q23 sales reflects a decline in specialty and structural product sales, primarily driven by price deflation.
BlueLinx 4Q Sales Fall 16% on Price Deflation Read More »
Hillman 4Q Comparable Sales Up 3.8% YoY
In 2023, the distributor paid down $160 million of debt and reduced inventory by $100 million while maintaining fill rates above 94%.
Hillman 4Q Comparable Sales Up 3.8% YoY Read More »
Veritiv Acquires Kitting, Packaging Provider Vivabox
Atlanta-based packaging distributor Veritiv added Vivabox Solutions to bolster its existing kitting and assembly capabilities.
Veritiv Acquires Kitting, Packaging Provider Vivabox Read More »
STAFDA, Texas A&M Partner on New Education Offers
Texas A&M University will offer one STAFDA member a scholarship towards earning their master’s degree in industrial distribution.
STAFDA, Texas A&M Partner on New Education Offers Read More »
Home Depot 4Q Sales Fall 2.9% as Pro Levels with DIY
CEO Ted Decker noted that 2023 was “a year of moderation” for the DIY and contractor supply retail giant.
Home Depot 4Q Sales Fall 2.9% as Pro Levels with DIY Read More »
Tompkins Solutions Names Sales Lead
Steven Leavengood will lead supply chain consulting firm Tompkins’ business development and sales team.
Tompkins Solutions Names Sales Lead Read More »
F.W. Webb Relocates Northern Maine Branch
F.W. Webb’s new 43,000 sq. ft. facility adds capacity and provides a comprehensive selection of water works and industrial components.
F.W. Webb Relocates Northern Maine Branch Read More »
Motion to Add Pair of Canadian Fluid Power Providers
It marks the first transaction for Motion since its landmark $1.2 billion buy of Kaman Distribution Group at the start of 2022.
Motion to Add Pair of Canadian Fluid Power Providers Read More »
These Are America’s Worst Trucking Bottlenecks of 2024
For the sixth consecutive year, an intersection in New Jersey topped the list as the worst truck bottleneck in the U.S.Â
These Are America’s Worst Trucking Bottlenecks of 2024 Read More »
December U.S. Cutting Tool Orders Dip, but Year Tops 2022
After a strong start to 2023, shipments of cutting tools weakened in the last quarter of the year, falling 7.3% in December year-over-year.
December U.S. Cutting Tool Orders Dip, but Year Tops 2022 Read More »
US Foods Acquires IWC, Saladino’s
The company has added like foodservice distributors that serve the greater Nashville area and central California.
US Foods Acquires IWC, Saladino’s Read More »
Dialight Appoints New CEO, CFO
The industrial LED lighting manufacturer also reported that its 2023 annual revenue fell 12%.
Dialight Appoints New CEO, CFO Read More »
Ingersoll Rand 4Q Profits, EBITDA Grow Despite Lower Sales
The pumps and pumping equipment maker saw organic revenue growth slow to 4% in 4Q23, while full-year revenue increased 16% vs. 2022.
Ingersoll Rand 4Q Profits, EBITDA Grow Despite Lower Sales Read More »
Data: Warehouse & DC Rents Spiked 20.6% in 2023
Research from Colliers found that lease rates reached $9.72 per square foot last year despite supply far outpacing occupancy.
Data: Warehouse & DC Rents Spiked 20.6% in 2023 Read More »
January U.S. Wholesale Inflation Hotter Than Expected
Producer prices rose at their fastest clip in five months, tampering hopes that inflation will cool to the Fed’s 2% target anytime soon.
January U.S. Wholesale Inflation Hotter Than Expected Read More »
