Ace Opens Store in Mexico
Ace Hardware International Holdings says the company opened its first store in Monterrey, Mexico, under a new franchise model.
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News
PIP Acquires Bisley Workwear
Protective Industrial Products, Inc. acquired Bisley Workwear, a provider of work and safety wear based near Sydney, Australia.
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Nonresidential Construction Employment Rises
The industry added 31,000 net jobs in November, according to an Associated Builders and Contractors analysis of U.S. labor data.
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SBP Holdings Acquires Watts
The provider of inspection and testing services, repairs and specialized rental activities has acquired a hydraulic repair company.
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White Cap Acquires Ram Tool
Atlanta-based White Cap Supply Holdings has closed a deal to acquire Birmingham, Alabama-based Ram Tool Construction Supply Co.
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ISM: Manufacturing Grew in November
The overall economy grew again as the manufacturing PMI registered 61.1%, according to the Manufacturing ISM Report on Business.
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Beacon Sells Off Solar Products
The roofing material and building products distributor completed a divestiture of its solar products business in a sale to BayWa r.e.
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Southwire Acquires OBI
Southwire says the deal will serve as a “foundational element” for the development of digital services beyond utility at its company.
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McNaughton-McKay Closes Caniff Acquisition
The electrical product distributor announced in August it had reached an agreement in principle to acquire Caniff Electric Supply.
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AMETEK Acquires Alphasense
The Pennsylvania manufacturer of electronic instruments and electromechanical devices acquired a provider of gas and particulate sensors.
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US LBM Acquires Pro. Builders Supply
The building materials distributor has acquired Professional Builders Supply, a materials supplier for builders in the Carolinas.
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Oct. Construction Spending Up
Spending during October 2021 was estimated at a seasonally adjusted annual rate of $1.598 trillion, according to the U.S. Census Bureau.
Oct. Construction Spending Up Read More »
Platform Raises $16M to ‘Enhance’ Ordering
The e-commerce platform secured funding to improve ordering experiences for distributors servicing restaurants and grocery stores.
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AllPoints Partners with Dormont
The foodservice supplies provider has agreed to a master distributor relationship with a stainless-steel gas connector manufacturer.
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Crescent CEO Named Leader to Watch
Family Business Magazine has named Scott Teerlinck, president and CEO of Illinois-based Crescent Electric Supply, as a “CEO to Watch.”
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Forbes: WESCO Among Best Employers
WESCO International Inc. is one of the World’s Best Employers and one of America’s Best Employers for Women, magazine says.
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Interfor to Acquire EACOM
The British Columbia-based lumber company has reached a deal to acquire 100% of the equity interests of EACOM Timber Corporation.
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Deere Fiscal 4Q Improves
Illinois-based Deere & Company reported 2021 fiscal fourth-quarter net income of $1.283 billion, and $5.963 billion for the year.
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Synergy Group Nets Green Award
The Singapore-based company earns an award given to ship managers that go beyond industry standards for safety and environmental performance.
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Trade Deficit Shrinks to $82.9B
The international trade deficit was $82.9 billion in October, down $14.1 billion from $97.0 billion in September, the Census Bureau said.
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