Greif to Acquire Lee Container for $300M
The all-cash transaction will be funded through Greif’s existing credit facility and is expected to close by the end of the calendar year
Greif to Acquire Lee Container for $300M Read More »
November 2022
MRC Global Sees Steady Sales Growth in 3Q
Third-quarter sales reached $904 million, a 7% sequential increase from the second quarter of 2022 and a 32% improvement over 3Q 2021.
MRC Global Sees Steady Sales Growth in 3Q Read More »
Optimas Solutions Opens Center of Excellence in Mexico
The Center of Excellence aims to help the fastener manufacturer and distributor build relationships with its customers.
Optimas Solutions Opens Center of Excellence in Mexico Read More »
MDM Podcast: PTDA Leader on Adapting to Modern Recruiting Demands
The content at PTDA’s Annual Summit in late October went heavy on recruiting and retaining best practices. Here, Mike Hockett chats with association CEO Ann Arnott to discuss key takeaways from the event, which included the nontraditional methods distributors can leverage to find and keep needed staff in a time when labor is hard to come by.
MDM Podcast: PTDA Leader on Adapting to Modern Recruiting Demands Read More »
China’s Exports to U.S. Drop 13% in October as Global Economy Slows
An economic slowdown within the next 12 months is looking increasingly likely, according to economists.
China’s Exports to U.S. Drop 13% in October as Global Economy Slows Read More »
Builders FirstSource 3Q Sales Growth Slows to 4.6%
In the first quarter and second quarter of 2022, year-over-year growth topped 36.1% and 24.2%, respectively.
Builders FirstSource 3Q Sales Growth Slows to 4.6% Read More »
Envoy Solutions Acquires United Packaging in Northeast
Envoy Solutions’ deal with the Pennsylvania company continues its M&A momentum one month after acquiring seven companies in Michigan.
Envoy Solutions Acquires United Packaging in Northeast Read More »
Fastenal Hits $1B in eCommerce Revenue for First Time
Fastenal’s eCommerce sales represent 17.4% of total company year-to-date sales, the company announced.
Fastenal Hits $1B in eCommerce Revenue for First Time Read More »
Masonite 3Q Sales Increase 12%
Masonite’s net income for 2022’s third quarter was $57 million, a 51% increase over the same quarter in 2021.
Masonite 3Q Sales Increase 12% Read More »
NEFCO Opens New Fulfillment Center in Ohio
The 75,000-square-foot warehouse will include extensive inventory and broad mix of power tools, safety equipment and general jobsite supplies.
NEFCO Opens New Fulfillment Center in Ohio Read More »
Rewrite Your Strategy to Win the New Self-Serve Customer
The end customer increasingly desires to buy from you like they do in their everyday personal life. If you aren’t rewriting your strategy to meet the needs of the self-service customer, you are in danger of falling behind.
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Rewrite Your Strategy to Win the New Self-Serve Customer Read More »
AMETEK Appoints New VP of Strategic Procurement
Gene Hahnenberg previously worked at Trane Technologies, where he was most recently Vice President of Direct Materials Procurement.
AMETEK Appoints New VP of Strategic Procurement Read More »
LINC Systems Announces New CEO
Kelly Evans retired effective Nov. 1, and the fasteners and packaging supplies distributor has named his successfor.
LINC Systems Announces New CEO Read More »
Quicktake: Channel Partner KPIs to Watch in a Downturn
When markets soften, surprises tend to be of the negative variety. But downturns can also open up opportunities to strengthen key supplier partnerships. MDM’s Tom Gale and IRCG’s Mike Marks discuss the key performance indicators in supplier relationships that can be either early warning signals or telltales for competitive opportunity across inventory and cash management, backlogs, support and strategic alignment.
Quicktake: Channel Partner KPIs to Watch in a Downturn Read More »
Lowe’s to Sell Canadian Retail Unit to Sycamore Partners
For a purchase price of $400 million, the transaction is expected to close in early 2023.
Lowe’s to Sell Canadian Retail Unit to Sycamore Partners Read More »
Construction Industry Adds 1,000 Jobs in October
On a year-over-year basis, industry employment has risen by 266,000 jobs, an increase of 3.6%, according to Associated Builders and Contractors.
Construction Industry Adds 1,000 Jobs in October Read More »
Premium Monthly: Mixed Signals, Cautious Optimism Continues
MDM hit the road in October to cover several industry events. Here’s what we learned about what lies ahead for distributors.
Premium Monthly: Mixed Signals, Cautious Optimism Continues Read More »
Fastenal’s October Daily Sales Hold Strong on Manufacturing Demand
Despite waning growth in non-residential construction markets, total daily sales growth essentially matched September’s.
Fastenal’s October Daily Sales Hold Strong on Manufacturing Demand Read More »
After Merger, Distribution Solutions Group Sees Big Increase in 3Q Sales
Lawson Products changed its name to Distribution Solutions Group after merging with TestEquity Gexpro Services in April.
After Merger, Distribution Solutions Group Sees Big Increase in 3Q Sales Read More »
Motion & Control Enterprises Acquires Nightwine Valves & Actuation
The acquisition is MCE’s third of 2022 and seventh since 2021.
Motion & Control Enterprises Acquires Nightwine Valves & Actuation Read More »
