Allied Motion Group President Maida to Retire Sept. 30
Maida will serve in an advisory role to the CEO following his retirement, the company said in a news release.
Allied Motion Group President Maida to Retire Sept. 30 Read More »
News
May Construction Spending Up 0.5% from April, 2.4% YoY
While overall construction spending rose, nonresidential construction spending decreased for the fist time in nearly a year.
May Construction Spending Up 0.5% from April, 2.4% YoY Read More »
June Manufacturing PMI Falls to 46.0%
Following a 28-month period of growth, economic activity in the manufacturing sector contracted in June for the eighth consecutive month.
June Manufacturing PMI Falls to 46.0% Read More »
No MDM Update Newsletter on Tuesday
MDM won’t deploy an Update newsletter on Tuesday while we’re off for the Fourth of July holiday. We’ll be back in action Wednesday.
No MDM Update Newsletter on Tuesday Read More »
Sonepar Partners with U.S. Army PaYS Program
Electrical distributor Sonepar has partnered with an U.S. Army program that connects soldiers with employers.
Sonepar Partners with U.S. Army PaYS Program Read More »
MW Components Acquires Western Wire
Western Wire Products will join MW Components to supply wire forms and springs to customers around the world.
MW Components Acquires Western Wire Read More »
Report: FTC Prepping Major Suit Against Amazon’s Marketplace
The FTC plans to file a lawsuit alleging Amazon disadvantages sellers who don’t use Amazon’s logistics services, Bloomberg reports.
Report: FTC Prepping Major Suit Against Amazon’s Marketplace Read More »
ISA Announces 2023-2024 Board of Directors
The Industrial Supply Association’s board is responsible for charting the association’s strategic direction and overseeing initiatives.
ISA Announces 2023-2024 Board of Directors Read More »
IWDC Logs Record Convention Turnout
Over 600 participants joined the Independent Welding Distributors Cooperative’s annual Sales & Purchasing Convention in Indianapolis June 18-20.
IWDC Logs Record Convention Turnout Read More »
MSC Raises Outlook After 3Q Daily Sales Uptick
MRO and metalworking supplies distributor MSC Industrial Supply reported double-digit sales growth for the fifth consecutive quarter.
MSC Raises Outlook After 3Q Daily Sales Uptick Read More »
NetPlus Announces 2 New Hires
Industrial and contractor supplies buying group NetPlus Alliance added an Executive Assistant and Accounting Representative to its team.
NetPlus Announces 2 New Hires Read More »
Sellars Appoints New Information & CX Leader
Manufacturer Sellars Absorbent Materials promoted Yusuf Abu-Hatoum, who has more than 30 years of experience in IT and business technology.
Sellars Appoints New Information & CX Leader Read More »
Acuity Brands 3Q Margins Expand Despite Sales Slide
The company announced net sales of $1 billion in the third quarter of fiscal 2023, which ended May 31.
Acuity Brands 3Q Margins Expand Despite Sales Slide Read More »
June M&A Recap: Pace Cools Despite High-Dollar Deals
MDM reported 27 mergers and acquisitions among industrial distributors and manufacturers during June, representing a slight slowdown as 2Q wraps up.
June M&A Recap: Pace Cools Despite High-Dollar Deals Read More »
Canada West Coast Port Workers to Begin Strike July 1
More than 7,000 dockworkers at West Coast ports in Canada plan to strike on July 1 after “running out of options at the bargaining table.”
Canada West Coast Port Workers to Begin Strike July 1 Read More »
U.S. Industrial Supplies Imports Fell 5.9% in May
That total, which includes petroleum and related products, was down 22.1% year-over-year.
U.S. Industrial Supplies Imports Fell 5.9% in May Read More »
Marcone Earns HVAC Industry Awards
The honors reflect Marcone’s dedication to partnering with leading OEMs and dealers to ensure efficient distribution, the company said.
Marcone Earns HVAC Industry Awards Read More »
Triple S Honors Executive Development Grads, Award Winners
The annual awards were announced at the 2023 Clean Team Exhibit & Conference held at the Sandestin Golf and Beach Resort in Florida.
Triple S Honors Executive Development Grads, Award Winners Read More »
Bosch Rexroth Opens Pumps, Motors & Valves Plant in Mexico
The company is investing about $174 million USD in the new location, which could create about 900 jobs by 2027.
Bosch Rexroth Opens Pumps, Motors & Valves Plant in Mexico Read More »
Graybar Appoints Head of Acquisitions & Financial Planning
Christopher M. Burrow has been named Vice President of Acquisitions, Financial Planning and Analysis, effective July 5.
Graybar Appoints Head of Acquisitions & Financial Planning Read More »
