News Archives

Univar Solutions Acquires U.K.-Based Corrosion Control Distributor

Leave a Comment / Lubricants & Fuel Products, Mergers & Acquisitions, News / MDM Staff

Specialty ingredients and chemicals distributor Univar Solutions acquired U.K.-based Brad-Chem Holdings — a distributor of corrosion control products and lubricant additives. Announced Feb. 6, the deal includes Brad-Chem’s affiliated holdings that include Brad-Kem — the joint venture co-owned by Brad-Chem and its Belgium-based partner DEM. Brad-Chem specializes in the distribution and blending of specialty lubricant additives, […]

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December Wholesale Sales Accelerate as Inventory Slide Continues

Leave a Comment / Economic Trends, News / MDM Staff

Inventories felll again in December amid strong sales, government data showed.

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Ingersoll Rand Acquires Wastewater Treatment Equipment Maker

Leave a Comment / Manufacturing, Mergers & Acquisitions / MDM Staff

Pumps manufacturer Ingersoll Rand will extend its capabilities in wastewater treatment with the acquisition of SSI Aeration and its subsidiaries. SSI designs and manufactures wastewater treatment plant equipment with approximately $30 million in annual revenue. Its product portfolio is focused on “innovative and energy-efficient” engineered membrane diffusers including fine bubble diffusers, coarse bubble diffusers and

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Southwire Adding Massive Distribution Center in Georgia

Leave a Comment / Electrical, News / Mike Hockett

It will combine the operations of Southwire’s three existing DCs in west Georgia and serve as a logistics hub for customers across the region.

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DXP Acquires Arroyo Process Equipment in Florida

Leave a Comment / Mergers & Acquisitions, Motion and Flow Control Products, News, Power Transmission/Motion Control / Mike Hockett

Arroyo had 2024 sales north of $26 million.

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Sonepar Unites 4 Midwest Subsidiaries Under Echo Brand

Leave a Comment / Electrical / MDM Staff

The new Echo Electric becomes Sonepar’s sixth U.S. operation with greater than $1 billion in annual sales.

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MachiningCloud Sues Kennametal Over Trade Secrets, Contract Breach

Leave a Comment / Legal & Regulatory Issues, Manufacturing, Metals Service Centers, Technology Provider News / MDM Staff

The product data provider says the metalworking products manufacturer used confidential information to “knock-off” its sales platform.

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Honeywell to Split into 3 Companies

Leave a Comment / Earnings, Manufacturing, News / MDM Staff

In addition to announcing its forthcoming split, Honeywell reported its 2024 financial results, which showed an increase in 4Q sales and organic growth.

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US LBM Acquires Goodrich Brothers in Michigan

Leave a Comment / Building Materials/Construction, Construction, Mergers & Acquisitions, News / MDM Staff

It is the second deal US LBM announced in two days.

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QXO Urges Beacon to Let Shareholders Decide on Offer After Board Rejection

Leave a Comment / Building Materials/Construction, Mergers & Acquisitions, News / Mike Hockett

As both sides continue to dig in, get the latest key takeaways from statements shared Feb. 6.

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Fastenal Daily Sales Edge Up in January as Heavy Manufacturing Improves

Leave a Comment / Contractor, Earnings, Facilities Maintenance (MRO), Fasteners, Safety Products / MDM Staff

Weather was a considerable headwind during January, but daily sales growth increased following a recent lowpoint in December. See our full breakdown of the monthly figures.

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