Fastenal’s Sales Up 6.4% in 4Q
For the full year of 2020, Fastenal’s sales increased 5.9% over the previous year driven by nine strong months of safety and PPE sales to offset softer fastener business.
Fastenal’s Sales Up 6.4% in 4Q Read More »
2021
Motion Industries Rebrands as Simply ‘Motion’
Company says rebrand is “intended to solidify the company’s structure and advance its position in the marketplace” and also coincides with Motion’s 75th anniversary.
Motion Industries Rebrands as Simply ‘Motion’ Read More »
Air Hydro Power to Acquire Uland Supply
Air Hydro Power is adding fellow Louisville, Kentucky-based business Uland Supply to its portfolio.
Air Hydro Power to Acquire Uland Supply Read More »
Beacon Clears Regulation for Divestment of Interior Products Business
Building material distributor receives early termination of Hart-Scott-Rodino waiting period required to unload division for $850 million.
Beacon Clears Regulation for Divestment of Interior Products Business Read More »
Bearing Headquarters Announces Leadership Changes
Industrial distributor names four executive appointments, including a new president and CEO.
Bearing Headquarters Announces Leadership Changes Read More »
Kimball Midwest Announces Executive Appointments
Company adds three senior leaders, including a CFO, chief business development officer and general sales manager.
Kimball Midwest Announces Executive Appointments Read More »
PTDA to Host Virtual Trade Show
Debut online trade show from PTDA will provide “power transmission/motion control (PT/MC) manufacturers and distributors the opportunity to focus on PT/MC product knowledge and channel partner relationships.”
PTDA to Host Virtual Trade Show Read More »
6 Steps to Create a Portfolio Management Plan that Will Strengthen Customer Loyalty
Understand the market, get to know your customers and use appropriate benchmarks in creating a portfolio management approach to customer retention.
6 Steps to Create a Portfolio Management Plan that Will Strengthen Customer Loyalty Read More »
The Secret ‘Value-Add’ in Distribution: Portfolio Management
Portfolio reviews are more valued by core customers with greater breadth of spending across categories. These are exactly the clients you want to nurture (and conversely, can’t afford to lose).
The Secret ‘Value-Add’ in Distribution: Portfolio Management Read More »
Slashing Carrying Costs: An Untapped Opportunity for Saving Cash
Rock Rockwell, the CEO of eTurns, shows how distributors can overcome the sudden slowdown of incoming cash flow due to delays of projects, struggling customers, general economic distress or healthcare-related shutdowns.
Slashing Carrying Costs: An Untapped Opportunity for Saving Cash Read More »
NetPlus Alliance Transitions Ownership
Jennifer Murphy on Jan. 1 took the reins of the buying group from her father, Dan Judge, marking the organization’s fifth generation of family ownership.
NetPlus Alliance Transitions Ownership Read More »
Sneak Peek at 4Q Distribution Survey Results
MDM offers a preview of how distributors fared in the last quarter of 2020, along with a roundup of the latest economic reports showing that the recovery is happening, just slowly.
Sneak Peek at 4Q Distribution Survey Results Read More »
Manufacturing and Trade Shipments Up in November
The U.S. Census Bureau reported that the combined value of distributive trade sales and manufacturers’ shipments and inventories for November increased 1.5% from the same month last year.
Manufacturing and Trade Shipments Up in November Read More »
Industrial Production Up 1.6% in December
According to the Industrial Production and Capacity Utilization Report, manufacturing output increased 0.9% during the month; year-to-date industrial production has improved but is still 3.6% below its pre-pandemic level.
Industrial Production Up 1.6% in December Read More »
Brady Appoints Vice President of Procurement
Brady, a full-line janitorial supply, equipment and foodservice distributor, this week appointed Mark Allen to the newly created position of vice president of procurement
Brady Appoints Vice President of Procurement Read More »
Genuine Parts Promotes William Stengel to President
Stengel previously served as chief transformation officer of the company of Genuine Parts and his background also includes executive roles at HD Supply.
Genuine Parts Promotes William Stengel to President Read More »
Another Double-Digit Growth Week for Pandemic Revenue Index
Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Jan. 4 to Jan. 8 increased 18.4% — the third straight week of double-digit growth and a strong start to the new year.
Another Double-Digit Growth Week for Pandemic Revenue Index Read More »
Bossard Group 2020 Sales Dip 3.3%
Bossard reports that sales in America region were down 7.9% in the year but increased 4.3% in the fourth quarter.
Bossard Group 2020 Sales Dip 3.3% Read More »
Houston Wire & Cable to Sell Southwest Wire Rope Division
After unloading business in an asset sale, Houston Wire & Cable will use the proceeds to reduce revolver debt
Houston Wire & Cable to Sell Southwest Wire Rope Division Read More »
2021 Presents a Margin Challenge for B2B Distribution
Pricing strategy can take a hit when your sales team is desperate to get the sales funnel moving with orders and return to a sense of normal.
2021 Presents a Margin Challenge for B2B Distribution Read More »
