Firm completes $1.4 billion acquisition of distributor from an affiliate of PE firm Lone Star Funds, which had acquired FBM in 2015 and maintained a majority ownership since the company’s 2017 IPO.
American Securities Closes Acquisition of Foundation Building Materials Read More »
Eaton says the addition of the power and connectivity solutions provider will “enhance the breadth of our edge computing and distributed IT product portfolio.”
Eaton to Acquire Tripp Lite for $1.7 Billion Read More »
The National Association of Wholesaler-Distributors this week elected Michael Medart, president and CEO, Medart Engine & Marine, as its 2021 chairman.
NAW Elects 2021 Officers Read More »
Building materials company 84 Lumber continues to grow its real estate development team with promotion of Bethany Cypher.
84 Lumber Appoints VP of Real Estate and Development Read More »
Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Jan. 18 to Jan. 22 increased 3.9%, continuing a normal growth trend.
Pandemic Revenue Index Up 3.9% Read More »
For the entirety of 2020 — a topsy-turvy year due to COVID-19 restrictions and recovery — real GDP decreased 3.5%.
Real U.S. GDP Up 4% in 4Q According to Advance Estimate Read More »
The U.S. Census Bureau has released advance indicators showing that the international trade deficit and wholesale inventories both declined in December.
Census Bureau Releases Two Advance Economic Indicators for December Read More »
Like most companies, Applied continued to be impacted by the COVID-19 crisis and saw year-to-date sales fall 11.3% over the same period in 2019.
Applied Industrial’s 2Q Sales Down 9.9% Read More »
Trying to shoehorn the needed supply chain structure into the current fragmented system is the root cause of the existing problem, say supply chain and analytics experts Jonathan Byrnes and John Wass.
How to Structure the COVID-19 Vaccine Supply Chain Read More »
Year to date, sales increased 2.5% to $9.4 billion for the Phoenix, Arizona-based electronics distribution giant Avnet.
Avnet Sales Up 2.9% in Fiscal 2Q Read More »
United Rentals also reported that sales for the fourth quarter of 2020 fell 10.1% compared to the same period of 2019.
United Rentals 2020 Sales Down 10.3% Read More »
Former Snap-on exec will lead the buying group’s Industrial and Safety–U.S. and Safety Network divisions.
AD Appoints Mike Carr as Division President Read More »
Increase of manufactured durable goods is the eighth in a row since May; this growth period was preceded by two decreases during the height of the coronavirus crisis.
Advance Report: New Orders for Durable Goods Up 0.2% in December Read More »
Though revenue was flat, the diversified manufacturer posted double-digit profit growth in a year dominated by COVID-19 and pandemic-related product sales.
3M’s Sales Up 0.1% in 2020 Read More »
Bill Matthews replaces Pete Biocini, “who passed away after a brief illness in November,” the company said in an email.
R S Hughes Appoints New CEO After Biocini’s Death Read More »
Industrial automation and digital transformation provider names Scott Genereux and Brian Shepherd to the company’s executive leadership team
Rockwell Automation Adds Two Execs to Leadership Team Read More »
Building materials distributor debuts roofing and siding locale in the city of New Castle.
US LBM Opens New Location in Delaware Read More »
Swedish industrial manufacturer adds supplier of compressed air equipment and related services to its portfolio.
Atlas Copco Acquires Italian Distributor Read More »
During MDM’s Distribution Industry Outlook webcast, Baird analyst Dave Manthey outlined how economic momentum will pick up in the new year but especially in later quarters.
Recovery Should Gain Steam Throughout 2021 Read More »
Employee education is a retention tool that leads to internal advancement and provides a direct benefit for the distributors who invest in it, says Texas A&M’s Kourtney Gruner.
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