Supply Source Enterprises, Cleveland, Ohio, parent company of The Safety Zone and Impact Products and now a platform of private equity firm H.I.G. Capital, on Tuesday announced that it named Steve Schultz as president and CEO of SSE and a member of the company’s board of directors. Schultz, pictured right, is an experienced B2B manufacturing […]
H.I.G. Capital Names President of Newly Acquired SSE Read More »
Genuine Parts Co. (NYSE: GPC), Atlanta, Georgia, announced Tuesday that it has completed the sale of its S.P. Richards operations through two separate transactions. Genuine Parts sold S.P. Richards’ core U.S. operations to an investor group and it sold S.P. Richards’ Supply Source Enterprises business operations — The Safety Zone and Impact Products — to
Genuine Parts Co. Sells S.P. Richards Co. Read More »
Why leading distributors like Valin Corporation are putting human resources front and center.
The Strategic Role of HR in a Pandemic Recruiting Environment Read More »
To create a margin-friendly customer service model, examine your firm’s capabilities and responsiveness.
The Capability Tool Kit for Distributors to Define and Differentiate Service Levels Read More »
The average annual sales growth for the 12 months through May 2020 is 0.4%.
HARDI Distributors Report 10.2% Revenue Decline in May Read More »
WESCO International Inc.’s $4.5 billion acquisition of Anixter International Inc. will have repercussions across all distribution channels — not just electrical — according to the panel on last week’s MDM Live.
Beyond Electrical: WESCO-Anixter Deal Will Resonate Across All Channels Read More »
New orders for manufactured durable goods in May increased $26.6 billion or 15.8% to $194.4 billion, according to the U.S. Census Bureau. This increase in durable goods orders, up following two consecutive monthly decreases, followed an 18.1% April decrease. Excluding transportation, new orders increased 4%. Excluding defense, new orders increased 15.5%. Transportation equipment, also up
Advance Report: New Orders for Durable Goods Grew 15.8% in May Read More »
TTI Inc., Fort Worth, Texas, a distributor of electronic components, on Friday announced industry veteran John Drabik will join the company as vice president in early July of this year. Drabik, pictured right, has held senior leadership positions across the industry and most recently held the position of president, Americas Components, Arrow Electronics. Drabik will
TTI Appoints John Drabik to Vice President Read More »
Real gross domestic product (GDP) decreased at an annual rate of 5 percent in the first quarter of 2020, according to the “third” estimate released Thursday by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 2.1 percent. The GDP estimate released Thursday was based on more complete source data than were available
First-Quarter U.S. GDP Down 5% According to Third Estimate Read More »
Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of June 15-19 indicated an 5.7% decrease compared with the same week a year ago. Source: IRCG.com The index is still showing sales volatility among the distributors participating in the index, though the decline moderated from the previous week. “It appears
IRCG’s Weekly Pandemic Revenue Index Declines Again Read More »
ZSi-Foster Inc., an Ideal Tridon company, announced Thursday that it has completed the acquisition of Hydra-Zorb Co. Financial terms of the deal were not disclosed. Headquartered in Auburn Hills, Michigan, and founded in 1972, Hydra-Zorb makes pipe, hose and tube clamping for the hydraulic, HVAC, plumbing and refrigeration markets. “The Hydra-Zorb organization is excited to
ZSi-Foster Completes Acquisition of Hydra-Zorb Read More »
June 25 2020
Download the June 25 2020 Issue as a PDF Read More »
Three channels that will feel the biggest impact from WESCO’s June 22 acquisition of Anixter.
Anixter & WESCO Deal Will Change Electrical Distribution Landscape Read More »
Many more industry events are on this year’s calendar. The question now is, what will associations do — cancel, postpone, convert to virtual gathering or offer a hybrid of live and digital programming?
The Conference Must Go On: Distribution Industry Pivots to Virtual Events Read More »
In the past, distributors would often sacrifice margins to gain market share and drive the topline. However, such tactics negate a strategic pricing process, rendering it nearly nonexistent. Without process, your people must make pricing decisions in a vacuum. As hard as they might try to compensate for and cope with inefficiencies, and as effective as their efforts might be in the short-term, you can’t expect them to sustain healthy margins in the long run.
5 Rules for Conducting a Pricing Reset Read More »
The coronavirus accelerated a number of changes in distribution talent management that were already underway, including new evaluation criteria for job candidates and an expanded view of work-from-home productivity.
New Paradigms for Talent Development in Distribution Read More »
Jason Industries Inc., Milwaukee, Wisconsin, (Nasdaq:JASN) (Nasdaq:JASNW), parent company to a global family of manufacturers in the seating, finishing, automotive acoustics and components markets, on Wednesday filed for Chapter 11 bankruptcy protection in the Southern District of New York. The bankruptcy filing, coupled with a deleveraging of its balance sheet by $250 million, were due
Jason Industries Files for Bankruptcy Due to Coronavirus Slowdown Read More »
Kraft Fluid Systems Inc., Cleveland, Ohio, on Wednesday appointed Adam Cornell as a new territory manager in Wisconsin. Cornell has been tasked with developing a new Danfoss territory for Kraft Fluid Systems in the northern part of the state. Cornell most recently managed a territory focused on supplying Danfoss products for fluid power distributor Certified
Kraft Fluid Systems Appoints New Territory Manager Read More »
Electrical, plumbing and HVACR distributor DSG to purchase Wisconsin-based company in asset sale.
DSG to Acquire Honold & La Page in Asset Purchase Read More »
The largest B2B distribution M&A deal finalized Monday, and it is going to have a big impact on electrical, industrial and datacomm distribution.
Anixter and WESCO Complete Market-Shifting Deal: What’s Next? Read More »
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.
Wholesale distribution news and trends delivered right to your inbox.
Sign-up for our free newsletter and get:
