MDM Premium Archives - Page 162 of 548 - Modern Distribution Management

Log In

Search
Premium Member Dashboard

All your exclusive premium content in one location.

Quarterly MDM-Baird Distribution Survey

Analysis: Geopolitical Impacts on Distributors’ Supply Chains

We analyze the qualitative results of our 1Q24 Baird-MDM Distribution Survey question that asked distributors about current or expected impacts from geopolitical issues.
Read More

Premium Monthly

Archives

Market Insight Reports

MDM 4Q 2023 M&A Report

The report features in-depth articles that recap the year that was 2023 in distribution dealmaking, a full rundown of every deal we covered in October-December, the latest EBITDA trading multiples and more.

MDM 4Q 2023 MarketPulse Report

Find a wealth of data and analysis extracted from the 3Q23 Baird-MDM Industrial Distribution Survey, including trending charts and figures for revenue and expectations, plus plenty of interesting commentary.

MDM 3Q 2023 MarketPulse Report

Find a wealth of data and analysis extracted from the 3Q23 Baird-MDM Industrial Distribution Survey, including trending charts and figures for revenue and expectations, plus plenty of interesting commentary.

MDM 3Q 2023 M&A Report

Our 2023 third quarter M&A report features in-depth articles on activity by Ferguson and Veritiv, and chronicles the overall quarterly pace of new deals.
Archives
Premium Events
Premium Articles
Top Distributor Sectors
$3.2B Lab Supplier VWR International Sold

Lab supplier VWR International, Inc., West Chester, PA, a portfolio company of Clayton, Dubilier & Rice, Inc., will be acquired by Madison Dearborn Partners.
&nbsp ;
VWR had revenue of more than $3.2 billion in 2006. It is the second largest distributor in the global research lab supply industry, with customers in pharmaceuticals, biotechnology, education and industry.
&nbsp ;
Madison Dearborn Partners is a private equity investor in the U.S.
&nbsp ;
VWR announced on March 12, 2007 that it was exploring strategic options for the ...
Finance
DXP Enterprises to Buy Delta Process Equipment

DXP Enterprises, Inc. has agreed to buy Delta Process Equipment, Inc., a Southeastern U.S. supplier of industrial and municipal pump equipment and services, for $10 million.

&nbsp ;
The unaudited sales and EBITDA of Delta Process for calendar 2006 were approximately $23 million and $2 million, respectively.
&nbsp ;
Delta Process'territory stretches from Louisiana to Florida and north to Tennessee. Delta Process is a full service provider of pumps, pump repair and service, pump stations, water booster stations, sewage treatment plants, blowers, process gas compressors, controls, filtration equipment, and other ancillary products. Delta Process is fully equipped with fabricating, packaging and machining capabilities.
&nbsp ;
John Jeffery, senior vice president ...
Finance
US Components Acquires Casmin Inc.
US Components, Morristown, NJ, a supplier of truss and wall panels and division of Pro-Build Holdings, has acquired Casmin Inc., Leesburg, FL, a roof and floor manufacturer.
&nbsp ;
Casmin has plants in Tavares and Lady Lake, FL. The acquisition is US Components first entry into ...
Finance
Praxair Acquires Rite Weld Supply, Inc.

Praxair Distribution, Inc., Danbury, CT, has acquired Rite Weld Supply, Inc. of Fort Worth, TX. Rite Weld is a regional independent distributor of industrial, medical, specialty gases and related welding equipment and supplies.
&nbsp ;
Rite Weld operates cylinder filling plants in Gainesville and Fort Worth, TX, and three retail stores in Denton and Bridgeport, TX, and Madill, OK. The business generated sales of $14 million in 2006 and has 48 employees.
&nbsp ;
The acquisition of Rite Weld to our existing network in North Central Texas further strengthens Praxair's ability to serve customers throughout this important region," said Praxair Distribution President Wayne Yakich.
&nbsp ;
Praxair, Inc. is an industrial gases company with 2006 sales of $8.3 ...
Finance
Ahold to Sell U.S. Foodservice for $7.1B
Ahold has agreed to sell U.S. Foodservice to a consortium of Clayton, Dubilier & Rice and Kohlberg Kravis Roberts & Co for $7.1 billion.
&nbsp ;
Anders Moberg, Ahold president & CEO, said: "I am extremely pleased to be able to announce that we have reached this important milestone for U.S. Foodservice, for Ahold and for our shareholders. We have focused on restructuring U.S. Foodservice, strengthening its capabilities and restoring profitability."
&nbsp ;
U.S. Foodservice had 2006 net sales of $19.2 billion. It is a full-service foodservice distributor, which distributes food and related products across the U.S. to more than 250,000 foodservice customers, including restaurants, hospitals, hotels, schools, the government ...
Paper Products & Packaging Distribution
OfficeSource Acquires NDI Wholesale

OfficeSource Inc., Denver, CO, wholesaler of office furniture, today announced it has acquired NDI Wholesale, Nashville, TN, independent office furniture wholesaler in the Southeast.
&nbsp ;
NDI Wholesale services more than 530 active customers throughout a seven-state region, including Kentucky, Tennessee, Louisiana, Mississippi, Alabama, Georgia and Florida.
&nbsp ;
The addition of NDI Wholesale fits our business model and strategy perfectly," explained Todd Elmers, chairman and CEO. "It takes our coast-to-coast presence another step closer toward a full nationwide distribution network."
&nbsp ;
NDI Wholesale complements OfficeSource's existing locations, products and services. NDI Wholesale dealers provide a complete array of office furniture as well as ...
Free
Lawson Products Sales Agents Indicted on Fraud







Sales agents for Lawson Products, Des Plaines, IL, have been indicted on federal fraud charges. The sales agents allegedly paid kickbacks totaling $140,000 to employees of some of their customers, including suburban municipalities, school districts, a non-profit organization and private businesses.
&nbsp ;
They disguised the kickbacks as purchasing incentives, according to the US Attorney's office in Chicago. In return, the sales agents allegedly obtained higher sales commissions based on greater volume and prices.
&nbsp ;
Eleven of the defendants were charged in six separate cases in Chicago, while two additional cases were filed in Dayton, OH, and Philadelphia, PA. All of the cases involve commissioned sales agents for either Des Plaines-based ...
Free
13 Lawson Products Sales Agents Accused in Kickback Scheme

Thirteen sales agents for Lawson Products, Des Plaines, IL, have been indicted on federal fraud charges. The sales agents are accused of paying kickbacks totaling $140,000 to employees of some of their customers, including suburban municipalities, school districts, a federal agency, a non-profit organization and private businesses.


They disguised kickbacks as purchasing incentives, according to the Chicago U.S. Attorney's office. In return, the sales agents allegedly obtained higher sales commissions based on greater volume and prices.


Eleven of the defendants were charged in six separate cases in Chicago, while two additional cases were filed in Dayton, OH, and Philadelphia, PA. All of the cases involve commissioned sales agents for Lawson Products, Inc., or its ...
Finance
Sandvik Buys UK Manufacturers

Sandvik, Stockholm, Sweden, has agreed to buy Extec Screens and Crushers Ltd., based in Birmingham, UK.
&nbsp ;
Sandvik has also agreed to buy Fintec Crushing and Screening Ltd., Belfast, UK.
&nbsp ;
Extec and Fintec, respectively, are manufacturers of mobile crushing and screening equipment, including consumables and services to the international construction industry.
&nbsp ;
Extec employs 450 people and had sales of 1800 MSEK (US$266.4 million) in 2006. It has manufacturing facilities in Birmingham and Northern Ireland as well as sales and service facilities in Australia, the U.S. and Germany.
&nbsp ;
Fintec employs 325 people and had sales of 560 MSEK (US$82.9 million) in 2006.
&nbsp ;
Sandvik is a global industrial group focused on tools for ...
Finance
Actuant Acquires Dutch Manufacturer

Actuant Corporation, Milwaukee, WI, has acquired T.T. Fijnmechanica B.V. for $20 million.
&nbsp ;
Headquartered in Roermond, The Netherlands, TTF supplies products and systems for use in the bridge building, infrastructure and heavy lifting markets. Products include wedges, anchor heads, multi-strand jacks, and heavy lifting systems. TTF generated $10 million in sales in 2006, and has 30 employees.
&nbsp ;
TTF will operate within Actuant's Enerpac business, which is part of Actuant's Industrial Segment.
&nbsp ;
Actuant is a diversified industrial company with operations in more than 30 countries. The Actuant businesses focus on highly engineered position and motion control systems and branded hydraulic and electrical tools and supplies. Actuant has sales of ...
Finance
Air Liquide Buys Engineering Firm

Air Liquide, Paris, France, has acquired the engineering firm Lurgi, which is owned by Global Engineering Alliance, based on an equity value of 550 million euros, equivalent to an enterprise value of 200 million euros.
&nbsp ;
The acquisition accelerates the growth of the Large Industries World Business Line, strengthening Air Liquide's position in hydrogen markets and providing access to Coal to Lquid and Coal to Chemicals sectors.
&nbsp ;
With nearly 1,300 employees and total sales of around 850 million euros in 2006, Lurgi, a German-based company, produces hydrogen and synthesis gas to biofuel production processes. Lurgi's main engineering centers are situated in Germany, Poland, United States, India and South Africa.
&nbsp ;
Air Liquide has five Engineering ...
Finance
Spenard Builders Supply Acquires Polar Supply

Anchorage, AK-based Spenard Builders Supply, a division of Pro-Build Holdings, Denver, CO, has acquired Polar Supply Co., which operates in Anchorage,



Fairbanks and Kenai, according to the Home Channel News.

Polar Supply specializes in products required to build and maintain roads, bridges and pipelines and adds to Spenard's commercial product offerings.


Polar Supply's three facilities will each operate as a separate division within Spenard, focusing on major commercial contractors, pipeline and oil companies.


Based in Anchorage, Spenard Builders Supply ...

Finance
Motion Industries Acquires Jonesboro Bearing


Motion Industries, Birmingham, AL, has acquired Jonesboro Bearing & Supply, Jonesboro, AR. Jonesboro Bearing has two locations: Jonesboro, AR, and Stuttgart, AR.
&nbsp ;
Jonesboro is a distributor of bearings, power transmission, industrial supplies and fasteners.
&nbsp ;
Motion Industries, a division of Genuine Parts Co. with 2006 sale of $3.1 billion, is an industrial parts distributor of bearings, power transmission products, electrical and industrial automation, hydraulic and industrial hose, hydraulic and pneumatic products, industrial supply products and material handling. It has more than 500 locations including nine distribution centers throughout North ...
Finance
Gibraltar Buys Three Manufacturers
Gibraltar Industries, Inc., Buffalo, NY, has acquired NorWesCo, Noll Manufacturing, and M & N Plastics from The Employee Ownership Holding Company. The companies, which have annual sales of $60 million, operate manufacturing facilities in Fife, WA; Portland, OR; and Stockton, CA.
&nbsp ;
They manufacture more than 4,000 products that serve the building, HVAC, and lawn and garden markets. They sell to retailers, building product distributors, roofing/concrete distributors, lumber yards, and contractors.
&nbsp ;
Gibraltar Industries is a manufacturer, processor, and distributor of products for the building, industrial, and vehicular markets. The company serves a variety of industries in the U.S. and throughout the world. It operates 89 facilities in 26 states, Canada, ...
Finance
WinWholesale Acquires Tri-State Electric Supply
WinWholesale Inc. has acquired Tri-State Electric Supply, a regional distributor of electrical products based in Cincinnati, OH, the Dayton Business Journal reported. The acquisition gives WinWholesale a chance to build a stronger presence in Ohio, Kentucky and Indiana.
&nbsp ;
Tri-State had $24 million in revenues in 2006. Tri-State has branches in Dayton and Columbus.
&nbsp ;
WinWholesale had $2.6 billion in revenues in 2006 and opened 16 new locations in 2006. It distributes commercial, industrial and residential supplies. ...
Finance
Pro-Build Subsidiary Buys Riverside Roof Truss
US Components, Morristown, NJ, a truss and wall panel supplier and subsidiary of Pro-Build Holdings, has acquired Riverside Roof Truss, Home Channel News reported.
&nbsp ;
Riverside Roof Truss, Danville, VA, is a high-volume maker of floor and roof trusses for Virginia and North Carolina area builders.
&nbsp ;
HCN says that the addition of Riverside expands US Components' reach from New York to South Carolina.
&nbsp ;
According to Pro-Build, US Components will look to continue its expansion through acquisitions as well as start-up operations. Eventually, US components will provide truss and wall panel products to all of Pro-Build's building supply locations, HCN reported.
&nbsp ;
US Components operates six truss plants in the East and Northeast. Pro-Build ...
Finance
FCX Performance Buys RVS Controls
Flow control distributor FCX Performance, Inc., Columbus, OH, has acquired RVS Controls & Instrumentation, distributor of process control instrumentation serving industrial customers in eastern Pennsylvania, southern New Jersey, Delaware, Maryland and Washington D.C.
&nbsp ;
With the acquisition, FCX expands its product range offered in the area through its Sewell, NJ, branch.
&nbsp ;
FCX has about $120 million in annual sales, 15 offices serving 21 states and more than 190 ...
Finance
U.S. Steel to Acquire Lonestar Technologies for $2.1B
United States Steel Corporation, Pittsburgh, PA, has agreed to buy Lone Star Technologies, Inc., Dallas, TX, a manufacturer of welded oilfield tubular goods, for $67.50 per share in cash, or about $2.1 billion. The price is a premium of about 39% to Lone Star's closing share price March 28, 2007.
&nbsp ;
Lone Star Technologies, Inc. is a $1.4 billion holding company whose principal operating subsidiaries manufacture and market oilfield casing, tubing and line pipe, specialty tubing products, including finned tubes used in a variety of heat recovery applications, and flat rolled steel and other tubular products and services.
&nbsp ;
U. S. Steel expects that the acquisition of Lone Star will strengthen its position as a producer of tubular products for the energy sector and ...
Finance
Building Materials Holding Corp Acquires Riggs Plumbing
Building Materials Holding Corporation, San Francisco, CA, announced its wholly owned subsidiary, SelectBuild Construction, Inc. has completed the acquisition of the remaining 27% of Riggs Plumbing LLC.
&nbsp ;
Riggs provides turnkey rough and finish plumbing installation to high-volume residential builders in the Phoenix and Tucson markets and in 2006 had sales of approximately $90 million.
&nbsp ;
SelectBuild acquired its initial interest of 60% of Riggs in April 2005 and acquired an additional 13% in July 2005.
&nbsp ;
BMHC is a provider of services and building materials in the U.S., serving the homebuilding industry through two subsidiaries: SelectBuild provides construction services to high-volume production homebuilders in growth markets across the country; ...
Economic Trends
MDM Survey: Lower Profitability Expected
MDM and Dr. W.R. McCleave, PE, recently surveyed readers on how they are responding to changes in the economic environment as it pertains to profitability in 2009. This article is an overview of those results. McCleave advises readers to reflect on the results and act accordingly with respect to their own situations. More than 250 industry executives responded to the survey from more than a dozen distribution sectors.

In a nutshell, the idea that resonated throughout the survey results was: Now is the time to act. As one respondent wrote, Climb into bed with your income statement, and act now. Responses to the profitability survey indicate that distributors and manufacturers are indeed responding to the new market conditions. ...
Human Resources in Wholesale Distribution
Is It Possible to Avoid Layoffs?
Knowledge@Wharton asks what the strategy is behind recent layoffs in an article on their site. More than half a million jobs have been lost since September outside of the financial services world, the article estimates. The author says that the job cuts "highlight operational weaknesses and strategic issues that have been lurking under the surface for years." And now the downturn has brought those issues to the surface.
 
In the recent MDM Webcast, "Manage the Panic of 2009: New Rules for New Economic Realities, Evergreen Consulting's Brent Grover told participants that managing cash is key ...
Economic Trends
HVACR Sales Dip Slightly In December
National HVACR distributor sales for the month of December 2008 were down 0.3% below December 2007, according to the Monthly Targeted and Regional Economic News for Distribution Strategies Report produced by Heating, Airconditioning and Refrigeration Distributors International.
 
The HARDI Central Region posted the best sales gain at 7% with Canada at 5.2%. Great Lakes Region failed to benefit from the onset of winter and experienced a 3.7% sales decline from December last year.
 
The Southwestern Region reported the poorest performance with a sales decline of 13.7%. The West, Southeast and Mid-Atlantic regions experienced sales declines when compared to same month last year. Median Days Sales Outstanding stood at 46.85 down almost 2 days from November 2008. ...
Economic Trends
Distributors Left with High Levels of Devalued Inventory
The convergence of declining demand and rapidly deflating commodity prices has left many distributors holding onto significantly devalued inventory, no matter how good their inventory management systems were.
 
Why? Because distributors began stockpiling last year as prices climbed. When the prices plummeted, that stockpile didn't look quite as good. Inventory levels jumped $6.2 billion in the fourth quarter, according to the U.S. Commerce Department.
 
(The Wall Street Journal recently ran an article, Firms Race to Regain Control Over Inventories, looking at how manufacturers are approaching the growing inventory problem.)
 
There are ways to mitigate this ...
Economic Trends
December Wholesale Revenues Decline 3.6%
December 2008 sales of merchant wholesalers, except manufacturers' sales branches and offices, after adjustment for seasonal variations and trading-day differences but not for price changes, were $336.1 billion, down 3.6% from November and down 10.7% from the December 2007 level, according to the U.S. Census Bureau.
 
The November preliminary estimate was revised downward $0.7 billion or 0.2%. December sales of durable goods were down 2.0% from last month and were down 9.4% from a year ago.
 
Compared to last month, sales of lumber and other construction materials were down 8.6% and sales of motor vehicle and motor vehicle parts and supplies were down 8.1%. Sales of nondurable goods were down 4.9% from last month and were down 11.8% from last year. Sales of ...
Human Resources in Wholesale Distribution
Firms Join Resources For Executive, Management Job Search Training
DeVilling & Associates, LLC, a Sarasota, FL-based executive employment search firm focused on the industrial marketplace, has joined resources with The Loriel Group, Brighton, MI, to offer outplacement benefits to individuals seeking executive and management positions. Resources are available to job seekers and companies looking to provide outplacement services to employees.
 
Mergers and acquisitions and business conditions have put pressure on companies to downsize and restructure their organizations. There has also been a new trend - we have witnessed a growing number of retirees returning to the work force, says Skip DeVilling, president of DeVilling & Associates. "These two forces call for a different and methodical approach to the competitive ...
Economic Trends
Conference Board Employment Trends Index Falls In January
The Conference Board Employment Trends Index fell further in January. The index stands at 96.6, down 1% from the December revised figure of 97.5, and down 18.6% from a year ago.
 
The Employment Trends Index has recently been declining faster than at any time since the 1974 recession, said Gad Levanon, senior economist at The Conference Board. "Such declines suggest considerable job losses will persist for several more months. It is becoming clearer that the continued worsening economic conditions are forcing many companies to make further downward adjustments to their workforce."  
 
The 18-month-long decline in the Employment Trends Index is seen in all eight of its components, most notably over the past six months in ...
Economic Trends
Machine Tool Consumption Down 2.4% In 2008
December U.S. manufacturing technology consumption totaled $194.01 million, according to AMT - the Association for Manufacturing Technology and AMTDA, the American Machine Tool Distributors' Association.  This total, as reported by companies participating in the USMTC program, was down 2.2% from November, and down 53.8% from the total of $419.80 million reported for December 2007.  With a year-to-date total of $4,211.79 million, 2008 is down 2.4% compared with 2007.

These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTC program.

The 2008 Stimulus Package and the International Manufacturing Technology Show in September were expected to pull orders out of 2009 and place ...
Economic Trends
New Orders Fall 3.9% in December
New orders for manufactured goods in December, down five consecutive months, decreased $14.8 billion or 3.9% to $362.4 billion, the U.S. Census Bureau reported in the preliminary report on Manufacturers' Shipments, Inventories and Orders.
 
This was the longest streak of consecutive monthly decreases since the series was first published on a NAICS basis in 1992 and followed a 6.5% November decrease. Excluding transportation, new orders decreased 4.4%.
 
Shipments, also down five consecutive months, decreased $11.3 billion or 2.9% to $377.6 billion. This was the longest streak of consecutive monthly decreases since March-July 1998 and followed a 6.5% November decrease. Unfilled orders, down three consecutive months, decreased $11 billion or 1.4% to $801.9 billion. ...
Economic Trends
On Renegotiating Contracts, Leases to Cut Costs
In today's conditions, everyone is looking for ways to cut costs. One of the recommendations made by experts is to renegotiate set contracts. (See what Alan Beaulieu had to say on the subject of renegotiation in Economic Forecast Places Start of Recovery in 2010.)
 
How realistic is this method in cutting costs? According to a recent article on WSJ.com, companies have been able to negotiate savings of up to 15% of their operating costs by renegotiating leases. If you're a good paying customer, there's a chance your suppliers will also give you a discount if you agree to terms that can also help them, such as ...
Economic Trends
PTDA Survey: Distributors, Manufacturers Expect Flat Sales In 2009
The mixed results of the 2009 Member Forecast Survey of the Power Transmission Distributors Association underscore the uncertainty in the economy, revealing a healthy dose of optimism mixed in with a cautious outlook for the coming year. 
 
While two-thirds of this year's respondents confirm that the economy is declining, nearly the same proportion project that their sales will increase or remain flat in 2009.
 
The 79 manufacturer respondents are slightly more optimistic about 2009 sales than their 58 distributor counterparts. Nearly half of manufacturers project an increase in sales, compared to 36.2% of distributors. 
 
Overall 42.8% of all firms project their companies' sales will increase in 2009, down roughly 15% from ...
Human Resources in Wholesale Distribution
Keeping Your Senior Managers
A recent survey shows that engagement among your top executives may be falling faster than any other group of employees, according to the Corporate Executive Board. (Read BusinessWeek article here.)


A CEB survey showed that just 13% of senior executives at the vice president level or higher (down from 29% two years ago) say they are willing to go above and beyond what is expected of them."
 
CEB speculates that most companies feel that senior leaders are "just grateful to have a job." But the reality is, "valued players are increasingly likely to be looking around." According to the survey, one of four ...
Economic Trends
Adam Fein on Surviving the Recession
On his blog, Pembroke Consulting's Adam Fein gives us his take based on his experiences at the National Association of Wholesaler-Distributors meeting last week on how the best companies are surviving the recession."
 
He says:
 
"As I see it, the winners are those companies with the will, the skill, and the till to survive this recession. Here are some specific ideas I heard from executives at the wholesaler-distributors that are growing faster (or shrinking more slowly) than competition."
 
His ideas: Work harder, enforce profit discipline, stay connected, acquire distressed competitors, and keep perspective (ie, ...
Economic Trends
Moving Past the Cuts
Employees and their managers are on edge these days; uncertainty about jobs, strategic direction and generally the future of the company can breed a wide range of emotions.
 
A recent Wall Street Journal article addressed this, and the advice offered can be used by employees and managers at all levels. The article says that it takes deliberate thought and action" to get past the cuts.
 
The highlights:


  • Confirm new business priorities based on the new direction of the business and the changing importance of certain projects.


  • Take initiative by looking for work that needs to be done. (To this end, look for ...
Economic Trends
Manufacturing Contracts in January
Manufacturing contracted again in January, according to purchasing managers in the latest Manufacturing Report on Business from the Institute for Supply Management.
 
The report pointed out that the rate of decline as measured by the Purchasing Managers Index was slower than experienced in December. The January New Orders Index is at 33.2%, up from the seasonally adjusted 23.1% recorded in December. While this is a significant month-over-month improvement, it is still a sign of continuing weakness in the sector, according to ISM.
 
The report found that a recovery in automobiles and housing will go a long way toward helping the manufacturing sector recover.
 
The Prices Index indicated significant deflation in prices that manufacturers have to pay for ...
Free
Grainger Names Carruthers President Of International Businesses
Industrial distributor Grainger, Chicago, IL, has named Court Carruthers to a newly created position as president of its international businesses in Canada, Mexico, and China. Carruthers' new responsibilities include growing and improving Grainger's international business operations, which had sales of more than $800 million in 2008.
 
Carruthers is currently president of Grainger's Canadian subsidiary, Acklands-Grainger. He has been with Acklands-Grainger since ...
Economic Trends
Construction Spending in 2008 Down 5.1%
Construction spending in December 2008 was estimated at a seasonally adjusted annual rate of $1,053.7 billion, 1.4% below November. December was 3.6% below December 2007.
 
The value of construction in 2008 was $1,078.9 billion, 5.1% below the $1,137.2 billion spent in 2007.
 
Private Construction
Spending on private construction was at a seasonally adjusted annual rate of $737.1 billion, 1.7% below November. Residential construction was at a seasonally adjusted annual rate of $319.2 billion in December, 3.2% below the November. Nonresidential construction was at a seasonally adjusted annual rate of $417.9 billion in December, 0.4% below November.
 
The value of private construction in 2008 was $770.4 billion, 9.4% below the $850 billion spent in ...
Free
HD Supply to Receive $22M Payout from Home Depot
HD Supply, diversified wholesale distributor in the infrastructure and energy, maintenance, repair and improvement and specialty construction markets, has reached an agreement with The Home Depot, Atlanta, GA, related to post-closing purchase price adjustments from the sale of HD Supply in August 2007.
 
Home Depot sold HD Supply to three private equity firms for $8.5 billion, with the Home Depot retaining a 12.5% equity stake in the company.
 
Under the terms of the agreement, HD Supply will receive a payment of $22 million and other non-cash considerations.
 
"We are very pleased to have reached an agreement and to put this matter behind us," said

Joe DeAngelo, HD Supply's Chief Executive Officer, ...
Economic Trends
New Orders for Durable Goods Fall 2.6% in December
New orders for manufactured durable goods in December decreased $4.7 billion or 2.6% to $176.8 billion, the U.S. Census Bureau announced. This was the fifth consecutive monthly decrease and followed a 3.7% November decrease. Excluding transportation, new orders decreased 3.6%. Excluding defense, new orders decreased 4.9%.
 
Shipments
Shipments of manufactured durable goods in December, down five consecutive months, decreased $1.4 billion or 0.7% to $191.3 billion. This followed a 4.2% November decrease.
 
Unfilled Orders
Unfilled orders for manufactured durable goods in December, down three consecutive months, decreased $10.3 billion or 1.3% to $803.2 billion. This followed a 0.9% November decrease. ...

Investment Banking Directory

Work with a banking partner that knows your business. Get detailed information on investment banks with expertise in the wholesale distribution industry.

Learn More
Featured Content

SHIFT 2023 Playbook

As distribution leaders constantly seek educational resources on business transformation, technology optimization and talent…

Data-Driven Decisions: Opportunities and Challenges in the Data Revolution

Distributors of all sizes and in all verticals are ambitiously investing in data capabilities…

Elevate Your Sales Game: The Ultimate CRM Playbook for Distributors

Customer expectations are evolving, buying behavior is shifting, and competition has become more intense….

What It Takes to Embrace AI in Distribution for Next-level Business Success

Find out how wholesale distribution executives in various stages of adoption have practically applied…
Go to Library

Market Prospector

  • Build strategic sales plans.

  • Determine market and demand.

  • Create smart prospect lists. 

Turn your sales data into actionable data with Market Prospector.  A web-based SAAS tool that gives you insight into your market, your territories, your customers and new prospects too. 

Learn More

Sign Up for the MDM Update Newsletter

Our daily newsletter is your best source for news and trends in the wholesale distribution industry.

Sign Up

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.