TriMas 1Q Sales Grow 8.5%
The Michigan-based company says it increased 1Q net sales by 8.5%, with record sales in TriMas’ Packaging group.
TriMas 1Q Sales Grow 8.5% Read More »
April 2022
Avnet Fiscal 3Q Sales Reach $6.5B
Growing demand for supply chain orchestration is ‘driving strong financial performance across our global business,’ CEO says.
Avnet Fiscal 3Q Sales Reach $6.5B Read More »
Lawson 1Q Sales Near $118M
The company reported 2022 1Q operating income was $12.1 million compared to operating income of $4.8 million in the prior-year quarter.
Lawson 1Q Sales Near $118M Read More »
April 2022 M&A Roundup: Distribution Activity Ramps Up to Start 2Q
The number of mergers and acquisitions in distribution/manufacturing climbed in April after plateauing during the first three months of 2022.
April 2022 M&A Roundup: Distribution Activity Ramps Up to Start 2Q Read More »
The Supply Chain Professional’s Elevated Role in Today’s Environment
Market constraints highlight the importance of supply chain and distribution experts. Here are four ways those experts can help mitigate the current crisis.
The Supply Chain Professional’s Elevated Role in Today’s Environment Read More »
Grainger 1Q Sales Up 18%, Earnings Rise Nearly 50%
The industrial distributor reported 2022 first-quarter sales of $3.6 billion and operating earnings of $534 million.
Grainger 1Q Sales Up 18%, Earnings Rise Nearly 50% Read More »
Applied’s Organic Sales Jump 14.7% in Jan-March Quarter
The distributor of industrial motion, fluid power, flow control, automation and maintenance supplies had sales that neared $1 billion in the quarter and said April’s growth was on a similar trajectory.
Applied’s Organic Sales Jump 14.7% in Jan-March Quarter Read More »
Why Private Investment is Driving So Much of Distribution M&A, Pt. 3
Private equity and investment banks are arguably the biggest current drivers of distribution M&A activity. Read the third and final part of MDM’s recent conversation series with executives at leading financial firms behind many of the deals you’ve been reading about.
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Why Private Investment is Driving So Much of Distribution M&A, Pt. 3 Read More »
Trade Deficit Jumps $19B in March
The Census Bureau says the international trade deficit was $125.3 billion in March, up from $106.3 billion in February.
Trade Deficit Jumps $19B in March Read More »
FleetPride Acquires Murray’s Diesel Repair
The truck parts and service distributor says it has acquired the assets of Murray’s Diesel Repair in Shreveport, Louisiana.
FleetPride Acquires Murray’s Diesel Repair Read More »
Sonepar Helps Develop B2B Marketplace in France
The first electrical equipment distribution marketplace for professionals in France confirms Sonepar’s ‘omnichannel ambitions,’ it says.
Sonepar Helps Develop B2B Marketplace in France Read More »
New South to Acquire American Contractors Supply
South Carolina-based New South Construction Supply, LLC says it signed a letter of intent to acquire American Contractors Supply.
New South to Acquire American Contractors Supply Read More »
L&W Supply Acquires DWS
The Chicago-based distributor acquired the assets of DWS Building Supply with two locations in Texas and New Mexico.
L&W Supply Acquires DWS Read More »
From its Expo, We Go Inside Fastenal with Dan Florness
Amid digital expansion, many distributors grew apart from customers during the pandemic. Fastenal did the opposite. In a new MDM Podcast, Mike Hockett and Dan Florness discuss how the company continues to grow closer to its customers.
From its Expo, We Go Inside Fastenal with Dan Florness Read More »
Graybar 1Q Sales Up 25% to $2.4B
In what it called ‘record’ first-quarter results, Graybar reported a 116.5% increase in net income attributable to the company.
Graybar 1Q Sales Up 25% to $2.4B Read More »
AD Names New Electrical & Industrial President
The organization says Marisol Fernandez will be returning to the company as president of its Electrical and Industrial Business Unit.
AD Names New Electrical & Industrial President Read More »
PTDA Raises Almost $120K in Campaign
During the first three months of its 2022 Fund Drive campaign, the PTDA Foundation raised nearly $120,000, the organization said.
PTDA Raises Almost $120K in Campaign Read More »
Airgas Expands Welding Initiative
The company said this year it will broaden its High School Welding Education Initiative, which includes 16 new schools.
Airgas Expands Welding Initiative Read More »
Snap-On 1Q Sales Increase 7.1%
The Wisconsin-based manufacturer reported more than $1 billion in sales and a diluted EPS of $4.00 for the first three months of 2022.
Snap-On 1Q Sales Increase 7.1% Read More »
Motion’s Momentum Goes Far Beyond KDG Addition
The company’s 1Q earnings and subsequent commentary shed light on several other factors driving growth at the MRO parts distributor besides its recent $1.3 billion acquisition of Kaman Distribution Group.
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Motion’s Momentum Goes Far Beyond KDG Addition Read More »
