WESCO Appoints Chief Information and Digital Officer
Electrical distribution giant WESCO named Akash Khurana as its executive vice president and chief information and digital officer.
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News
Jon-Don Acquires Factory Cleaning Equipment
Jon-Don said the acquisition “marks a new phase of strategic growth for Jon-Don, as the company continues to expand its offerings within the jan-san, restoration equipment, and concrete surface prep and polishing industries.”
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Fasteners Inc. Southwestern Supply Names New VP of Sales
Industrial distributor Fasteners Inc. Southwest Supply appoints industry veteran Brett Wilson to key position.
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DSG Opens Facility in Great Falls, Montana
Electrical, plumbing and HVACR distributor Dakota Supply Group had been serving customers in the Great Falls market from its other Montana locations.
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Manufacturing Technology Orders Dip 3.2% in September
But new orders placed in September marked a 26.4% increase from the previous month, according to the most recent U.S. Manufacturing Technology Orders report.
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Bunzl Agrees to Acquire Brazilian Safety Business
The CEO of Bunzl, which also completed the previously announced acquisition of Denmark-based PPE distributor ICM, said the company’s “acquisition pipeline remains promising.”
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Wholesale Trade Sales Down 2.3% in September
Wholesale trade down from 2019, but it did show moderate improvement from the previous month of August, according to the latest report from the U.S. Census Bureau.
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DXP Enterprises’ Sales Sink 32.7% in 3Q
MRO and industrial distributor DXP Enterprises Inc. posts a loss of $34.7 million in the quarter as the company continues to see challenges stemming from COVID-19.
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EGW Acquires Buy Wholesale Company
Texas-based waterworks and plumbing products distributor EGW Utilities Inc. bolsters its Water & Plumbing Group with latest addition.
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Builders FirstSource Acquires Kansas City Building Supply
Dallas-based building materials distribution giant Builders FirstSource adds $30 million-a-year supplier of windows, doors and millwork to its portfolio.
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Amazon to Build Fulfillment Center in Missouri
Amazon’s new fulfillment center in Republic, Missouri, near Springfield, will create hundreds of new full-time jobs and give the company faster delivery times in the region.
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Pandemic Revenue Index Dips 0.4%
Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Oct. 26 to Oct. 30 indicated a 0.4% decrease compared with the same week a year ago.
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Fastenal’s October Sales Down 0.4%
Despite the dip in overall sales for Fastenal, the company reported daily sales were up 4.1% versus a year ago based on strength in safety (32% growth).
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WESCO’s 3Q Sales Soar on Anixter Acquisition
In its second earnings report since completing the $4.5 billion acquisition of Anixter International Inc. but first to include the new addition’s full financials, WESCO recorded a 93% sales jump and a $66.2 million profit.
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Atlas Copco to Acquire European Distributor Ehrler and Beck
Addition will expand Atlas Copco’s footprint in Germany with the acquisition of the vacuum equipment and services distributor.
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Goods and Services Deficit Down in September
Year-to-date, the goods and services deficit increased $38.5 billion, or 8.6%, from the same period in 2019.
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NOW Inc. Sales Tumble in 3Q
NOW Inc., which reported a loss of $22 million for the quarter and a loss of $383 million for the first nine months of 2020, saw sales sink more than 50% in 3Q.
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Foundation Building Materials Sales Down 7.7% in 3Q
Average daily net sales decreased 9.2% and profit was down 7.1% for the building materials distributor in the third quarter.
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SKF Consolidates Manufacturing, Organizational Structure in France
The company said the transfer of production from Avallon to St-Cyr “enables a more competitive and flexible offer to customers, as well as the realization of synergies from the existing service center and logistics capabilities in Saint-Cyr.”
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Curbell Plastics Names Jason Arceo Business Manager for Phoenix
Arceo will lead the Phoenix branch team as plastic supplier Curbell Plastics continues to expand in the Southwest.
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