Global Industrial: Sales Up Overall Despite Down 4Q
Consolidated sales in 2021’s 4Q decreased 4.3% compared to the prior year, but overall annual sales were up 3.3%.
Global Industrial: Sales Up Overall Despite Down 4Q Read More »
February 2022
MRC Global Yearly Sales Top $2.6B
Pipes, valves and fittings distributor MRC Global Inc. reported 2021 4Q sales of $686 million, an 18% increase over 2020.
MRC Global Yearly Sales Top $2.6B Read More »
Gryphon Investors Acquires Benoist Brothers
The private equity firm acquired Benoist Brothers Supply Co., a Midwest-based regional distributor of HVAC/R equipment, parts and supplies.
Gryphon Investors Acquires Benoist Brothers Read More »
US Foods to Split CEO, Chair Roles
The board of directors for one of the largest foodservice distributors in the U.S. has decided to separate the roles of CEO and chair.
US Foods to Split CEO, Chair Roles Read More »
WESCO Reports ‘Record’ 4Q Sales
WESCO International Inc. reported 2021 fourth-quarter sales of $4.9 billion, a 17.5% increase over the same quarter in 2020.
WESCO Reports ‘Record’ 4Q Sales Read More »
Genuine Parts Increases Dividend 10%
Genuine Parts Company announced an increase in the regular quarterly cash dividend for the 66th consecutive year.
Genuine Parts Increases Dividend 10% Read More »
How 4 Distributors are Building Supply Chain Resilience
Companies must adapt by leveraging vision, understanding, clarity and agility to navigate the emerging business landscape and develop resilience against volatility.
How 4 Distributors are Building Supply Chain Resilience Read More »
Sysco Closes Acquisition of Coastal Companies
The company completed its acquisition of the Maryland-based fresh produce distributor in a deal that previously was announced in December.
Sysco Closes Acquisition of Coastal Companies Read More »
White Cup Exec Outlines KPIs to Improve Customer Approach, Grow Margins
Supply chain issues and other disruptions are likely to continue, but distributors who leverage data into efficient customer relationship management can succeed in 2022, Brian Friedle says in the latest MDM webcast.
White Cup Exec Outlines KPIs to Improve Customer Approach, Grow Margins Read More »
MRC Global Chairman to Retire
Rhys J. Best will retire upon completion of his term as a director at the annual meeting of the company’s stockholders in May, the company said.
MRC Global Chairman to Retire Read More »
AMETEK Increases Dividend, Announces Changes
The company’s board approved a 10% increase in its quarterly cash dividend, while multiple leadership changes were also announced.
AMETEK Increases Dividend, Announces Changes Read More »
Wholesale Trade’s Record Year: Sales Increase 22% to $7.1 Trillion
The increase in revenues is well above 2019 and 2020 as U.S. inflation rises to its highest level since 1982.
Wholesale Trade’s Record Year: Sales Increase 22% to $7.1 Trillion Read More »
BLS: Inflation Reaches 40-Year High
Over the past year, the Consumer Price Index for All Urban Consumers increased 7.5% before seasonal adjustment, the highest since 1982.
BLS: Inflation Reaches 40-Year High Read More »
JGB Enterprises Adds 2 Execs
The company added VP of Industrial Sales Benjamin Judd and VP of Government Services Michael Hawn to its senior leadership team.
JGB Enterprises Adds 2 Execs Read More »
RBC 3Q Sales Jump 83%
RBC Bearings Inc. reported fiscal 2022 third-quarter net sales of $267 million, while organic net sales were up 7.6% over last year.
RBC 3Q Sales Jump 83% Read More »
NAHB: Soaring Costs Lower Housing Affordability
Just 54% of new and existing homes sold between October and December were affordable to families earning the U.S. median income.
NAHB: Soaring Costs Lower Housing Affordability Read More »
Descartes Acquires NetCHB
SaaS provider Descartes Systems Group announced it acquired NetCHB, a U.S. provider of customs filing solutions.
Descartes Acquires NetCHB Read More »
M&A Stays Hot in Automation/Electrical Distribution
National automation distributor Kele added to its portfolio, while Midwest electrical manufacturer rep Lester Sales entered new markets. Here are some takeaways that resonate with M&A trends across all product sectors.
M&A Stays Hot in Automation/Electrical Distribution Read More »
Sysco Fiscal 2Q Sales Up 41%
The foodservice distributor reported fiscal 2022 second-quarter sales of $16.3 billion.
Sysco Fiscal 2Q Sales Up 41% Read More »
FDI ‘Slightly Softer’ in January
The adjusted Fastener Distributor Index was 52.7, although modest improvement was seen in most metrics, according to the latest analysis.
FDI ‘Slightly Softer’ in January Read More »
