Watsco 1Q Same-Store Sales Fall 2% YoY
The HVACR distribution giant also detailed its ongoing technology transformation.
Watsco 1Q Same-Store Sales Fall 2% YoY Read More »
News
Advance: March U.S. Durable Goods Orders Up 2.6% MTM
It was the first consecutive increase since June of last year.
Advance: March U.S. Durable Goods Orders Up 2.6% MTM Read More »
DoL Releases Final OT Rule
The rule is set to increase the current salary threshold for overtime pay exemption by 65% at the start of 2025.
DoL Releases Final OT Rule Read More »
FTC Votes to Ban Noncompetes. NAW Voices Stern Opposition
The rule will go into effect 120 days after entered into the Federal Register, though it’s expected to meet stern legal opposition.
FTC Votes to Ban Noncompetes. NAW Voices Stern Opposition Read More »
Cameron Ashley Enters Connecticut with Another DC
The rapidly-expanding building products distributor now has more than 60 DCs across the U.S.
Cameron Ashley Enters Connecticut with Another DC Read More »
Packer Fastener Relocates Madison Branch
Alongside relocating its Green Bay, WI headquarters and opening a new branch near Kansas City, Packer Fastener’s busy past six months has also included relocating a branch in Wisconsin’s capitol city. Late this past fall, the distributor of fasteners and other class-C components has moved its Madison, WI location about five miles north to a
Packer Fastener Relocates Madison Branch Read More »
Distribution Returns Platform Continuum Nets $1.7M in Pre-Seed Round
The investment will help Continuum expand digital transformation for B2B distributors and manufacturers beyond eCommerce.
Distribution Returns Platform Continuum Nets $1.7M in Pre-Seed Round Read More »
Distributors TopBuild, SPI Nix Acquisition Deal
Originally announced this past July, the deal was valued at $960 million.
Distributors TopBuild, SPI Nix Acquisition Deal Read More »
Taiwan’s WT Microelectronics Completes $3.8B Acquisition of Future Electronics
The deal was originally announced on September 14, 2023.
Taiwan’s WT Microelectronics Completes $3.8B Acquisition of Future Electronics Read More »
NFDA Posthumously Awards Strandquist as Fastener Pro of the Year
Marc Strandquist — a 37-year industry veteran with Wurth Industry North America, Optimas Solutions and Martin Inc. — passed away on Aug. 31.
NFDA Posthumously Awards Strandquist as Fastener Pro of the Year Read More »
Schneider Electric, Bentley Systems Discussing Potential Deal
A potential transaction would likely be a merger of Bentley with Schneider’s software business and be valued at over $15 billion.
Schneider Electric, Bentley Systems Discussing Potential Deal Read More »
Ballymore Safety Sold from Graycliff to One Equity Partners
Middle market private equity firm One Equity Partners acquires lifting, material handling and safety product distributor and manufacturer.
Ballymore Safety Sold from Graycliff to One Equity Partners Read More »
L.A.’s Ace Industrial Shares Product Expansion Plans
The distributor is adding over 1,000 new products to its current inventory of 6,000 items alongside advanced logistics solutions.
L.A.’s Ace Industrial Shares Product Expansion Plans Read More »
February U.S. Cutting Tool Orders Up 9% YoY
After a weak finish to 2023, the industry saw rebounds in monthly orders and shipments in the first two months of 2024.
February U.S. Cutting Tool Orders Up 9% YoY Read More »
Electrical Distributor Fromm Launches Services Division
Reading, PA-based Fromm launched an engineering and fabrication division to serve manufacturers and electrical contractors.
Electrical Distributor Fromm Launches Services Division Read More »
Snap-on Posts Flat 1Q Sales, Higher Profit
Wisconsin-based tool manufacturer Snap-on posted 1Q24 sales of $1.18 million, a modest organic sales decline.
Snap-on Posts Flat 1Q Sales, Higher Profit Read More »
IDCO Names 2023 Distributor, Supplier of the Year
The cooperative has honored its top distributors and manufacturers for their achievements and contributions over the past year.
IDCO Names 2023 Distributor, Supplier of the Year Read More »
Motion’s 1Q Sales Fell 2.2% as Profits Rose
Motion continued to see sales growth and strong renewal rates with corporate account customers, which comprise about 45% of business.
Motion’s 1Q Sales Fell 2.2% as Profits Rose Read More »
Biden Calls for Tripling of Chinese Steel Tariffs
President Biden wants to raise the tariff rate on certain Chinese steel and aluminum imports to cut out “unfair competition”.
Biden Calls for Tripling of Chinese Steel Tariffs Read More »
Purvis Industries Acquires PTE Drives in Akron
PTE Drives is a family-owned power transmission & bearings products distributor with a single location.
Purvis Industries Acquires PTE Drives in Akron Read More »
