Graybar Names VP of Strategic Accounts
Electrical distributor promotes Andrew C. Ipson to key sales leadership role.
Graybar Names VP of Strategic Accounts Read More »
News
Auburn Bearing & Manufacturing Acquires Aurotek TSB
Auburn Bearing & Manufacturing president says the acquisition “aligns with our strategy to expand our product offerings.”
Auburn Bearing & Manufacturing Acquires Aurotek TSB Read More »
Pandemic Revenue Index Up 5%
Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Feb. 8 to Feb. 12 increased 5%, returning to the normal growth trend of mid-single-digit improvement.
Pandemic Revenue Index Up 5% Read More »
Residential Building Permits Up 22.5% in January
But housing starts down compared to year-ago period and the previous month, according to the latest residential construction report from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
Residential Building Permits Up 22.5% in January Read More »
Industrial Production Up 0.9% in January
According to the Industrial Production and Capacity Utilization Report, manufacturing output increased 1% during the month, about the same as its average gain over the previous five months.
Industrial Production Up 0.9% in January Read More »
NOW Inc. Sales Nearly Cut in Half in 2020
NOW Inc., which reported a loss of $427 million for the year, also saw revenue sink 45.1% in in 2020.
NOW Inc. Sales Nearly Cut in Half in 2020 Read More »
Krayden Acquires Northern Composites
All Northern Composite employees are staying on and the company will continue to operate at its existing facilities in Hampton, New Hampshire (headquarters), and Greensboro, North Carolina.
Krayden Acquires Northern Composites Read More »
KKR to Acquire Flow Control Group from Bertram Capital
Flow Control Group serves more than 10,000 customers and 2,000 suppliers in North America for technical flow control and industrial automation products and related services.
KKR to Acquire Flow Control Group from Bertram Capital Read More »
Lawson Products Announces Board Appointment
MRO distributor names Bianca Martinez Rhodes as director, expanding the company’s board to eight members.
Lawson Products Announces Board Appointment Read More »
Motion Sales Dip 3.3% in 4Q
Genuine Parts Co., the parent of Motion, reported that the distributor’s 4Q sales of $1.4 billion were down 3.3% year-over-year and represented 34% of the company’s revenues in the period.
Motion Sales Dip 3.3% in 4Q Read More »
Regal Beloit to Pay $3.7 Billion for Rexnord’s Process & Motion Control Business
Blockbuster deal involves Rexnord performing a tax-free spin-off of PMC to its shareholders and then immediately combining it with Regal in a Reverse Morris Trust transaction.
Regal Beloit to Pay $3.7 Billion for Rexnord’s Process & Motion Control Business Read More »
Ingersoll Rand to Sell Interest in HPS Segment to PE Firm
Company will divest its majority interest stake in its High Pressure Solutions segment to the private equity firm American Industrial Partners for $300 million.
Ingersoll Rand to Sell Interest in HPS Segment to PE Firm Read More »
Heritage Landscape Supply Acquires Watson Supply
Tim Watson will continue to lead the company under the Watson Supply banner.
Heritage Landscape Supply Acquires Watson Supply Read More »
Motion Announces Management Promotions
MRO distributor appoints seven to leadership roles in various divisions and regions around the country.
Motion Announces Management Promotions Read More »
WESCO Divests Canadian Datacom Business
This latest transaction is part of WESCO’s commitment to divest its legacy Canadian Utility and Datacom businesses in connection with Canadian law.
WESCO Divests Canadian Datacom Business Read More »
MRC Global 2020 Sales Sink 30.1%
In the fourth quarter, sales decreased 24.4% as the company also reported a loss of $11 million in the period.
MRC Global 2020 Sales Sink 30.1% Read More »
Watsco Sales Increase 6% in 2020
For the fourth quarter, sales were up 7.7% from same period in 2019 as company posted profit growth for both the quarter and the full year.
Watsco Sales Increase 6% in 2020 Read More »
Pandemic Revenue Index Up 14.1%
Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Feb. 1 to Feb. 5 increased 14.1%, continuing a normal growth trend.
Pandemic Revenue Index Up 14.1% Read More »
Wholesale Trade Sales Up 1.7% in December
Wholesale trade shows improvement from same month in 2019 and from the previous month of November, according to the latest report from the U.S. Census Bureau.
Wholesale Trade Sales Up 1.7% in December Read More »
Beacon Completes Divestment of Interior Business Division
Building materials distributor announced in December 2020 that it was unloading this division to PE-backed Foundation Building Materials for $850 million.
Beacon Completes Divestment of Interior Business Division Read More »
