AD Appoints VP of Bearings and Power Transmission Division
Darin Davenport, who most recently served as president and CEO of P.T. International, takes over key AD division.
AD Appoints VP of Bearings and Power Transmission Division Read More »
December 2020
Fastener Distributor Index Dips in November
The seasonally adjusted Fastener Distributor Index (FDI) for November was 54.5, down from 56.5 in October but still in the growth range.
Fastener Distributor Index Dips in November Read More »
FEMSA, North American and WAXIE Acquire SWPlus
NW Synergy, a joint venture of JanSan and facilities maintenance distributors, has added the Wichita, Kansas-based company to expand its footprint of product and service offerings.
FEMSA, North American and WAXIE Acquire SWPlus Read More »
Ferguson Sales Up 3.1% in First Quarter
Ferguson’s U.S. region posted ongoing revenue growth of 3.2% and underlying trading profit growth of 11.3% in the first quarter of fiscal 2021.
Ferguson Sales Up 3.1% in First Quarter Read More »
U.S. Lumber Acquires Mid-State Lumber
Mid-State Lumber will continue to operate under its existing brand and with its current leadership after acquisition by U.S. Lumber, a subsidiary of Specialty Building Products.
U.S. Lumber Acquires Mid-State Lumber Read More »
Goods and Services Deficit Up in October
Year-to-date, the goods and services deficit increased $46.6 billion, or 9.5%, from the same period in 2019.
Goods and Services Deficit Up in October Read More »
HD Supply’s Third-Quarter Sales Up 0.3%
During the quarter ended Nov. 1, HD Supply completed the sale of its construction and industrial business to a private equity buyer for $2.8 billion.
HD Supply’s Third-Quarter Sales Up 0.3% Read More »
Manufacturers Differentiate Distributor Support Based on E-Commerce Investment
And other critical reasons why e-commerce investment is the smart choice for nearly all distributors, from Channel Marketing Group’s David Gordon.
Manufacturers Differentiate Distributor Support Based on E-Commerce Investment Read More »
Fastenal’s November Sales Improve 6.8%
Fastenal’s reported daily sales for the month were also up 6.8% versus a year ago — again based on strength in safety (35.9% growth) and despite a 1.7% dip in fastener sales.
Fastenal’s November Sales Improve 6.8% Read More »
Hillenbrand Declares First Quarter Dividend
The dividend is payable Dec. 31, 2020, to shareholders of record at the close of business on Dec. 17, 2020.
Hillenbrand Declares First Quarter Dividend Read More »
MSC Industrial Supply Co. Relocates Customer Support Center
Distributor will move to a smaller location with more employees working from home.
MSC Industrial Supply Co. Relocates Customer Support Center Read More »
Allied Electronics Expands North America Distribution Center
The expansion doubles the distributor’s capacity and leaves room for future growth.
Allied Electronics Expands North America Distribution Center Read More »
How Strong Data Analytics Kept 3 Distributors Running During Tumultuous 2020
Duncan-Parnell, Radwell International and Stellar Industrial Supply all benefited from company-wide data analysis efforts to keep customer relationships strong and build more efficient business practices.
How Strong Data Analytics Kept 3 Distributors Running During Tumultuous 2020 Read More »
Pandemic Revenue Index Shows 4.3% Jump
Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Nov. 23 to Nov. 27 indicated an increase; it could be related to the holiday, but nevertheless it marked the biggest sales growth since July.
Pandemic Revenue Index Shows 4.3% Jump Read More »
Grainger Announces CFO Change
Distributor appoints Robert O’Keef to interim CFO following the decision by Tom Okray to step down and join another publicly traded company.
Grainger Announces CFO Change Read More »
MDM Strengthens Team with Analytics Manager
Donnie Williamson joins MDM as Manager, Data Analytics, with a background at McNaughton-McKay Electric Company.
MDM Strengthens Team with Analytics Manager Read More »
Belt Power Acquires Rubber Service
Rubber Service’s owner, Lou Siemer, will continue to lead the new branch for Belt Power, a portfolio company of Shorehill Capital LLC.
Belt Power Acquires Rubber Service Read More »
Graybar Acquires Shingle & Gibb Automation
Electrical distributor says the addition of Shingle & Gibb will strengthen its position in industrial automation and control.
Graybar Acquires Shingle & Gibb Automation Read More »
The Home Depot to Open Two DCs in Newark Area
With addition of two distribution centers, home improvement giant The Home Depot will bring 400 jobs to the tri-state area.
The Home Depot to Open Two DCs in Newark Area Read More »
US LBM Acquires Connecticut’s Ridgefield Supply
Addition of building materials distributor will strengthen US LBM’s presence in the New York metropolitan tri-state area.
US LBM Acquires Connecticut’s Ridgefield Supply Read More »
