Hillman Reports Slight 2022 Sales Growth Despite Losses
Net sales for 2022 increased 4.2% to $1.49 billion, compared with $1.43 billion in the prior-year period, Hillman reported.
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March 2023
SRS Distribution Acquires Exteriors Inc. in Kentucky
Exteriors Founder Samir Rastoder will continue to lead the company’s dedicated team, SRS said in a release announcing the deal.
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Ferguson Fiscal 2Q Sales Growth Decelerates
The deceleration was expected after Ferguson posted 16.6% year-over-year sales growth in 1Q.
Ferguson Fiscal 2Q Sales Growth Decelerates Read More »
Martin Inc. Adds Another Former Optimas Exec to Fastening Unit
That new VP is the second former Optimas Solutions executive Martin has hired in its Fastening unit this year.
Martin Inc. Adds Another Former Optimas Exec to Fastening Unit Read More »
Shorehill’s Ascent Lifting Makes 1st Acquisition: Cargo Control USA
Cargo Control said the deal will significantly expand its level of service and product offerings available to customers.
Shorehill’s Ascent Lifting Makes 1st Acquisition: Cargo Control USA Read More »
International Paper Marks 125th Anniversary with Rebranding
International Paper said its rebrand aligns with its strategic vision to “build a better IP.”
International Paper Marks 125th Anniversary with Rebranding Read More »
Poll Results: Could a Four-Day Workweek Work in Distribution?
The world’s largest trial of the four-day work week drew rave reviews from companies that participated. Could the distribution industry benefit from such a change?
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Poll Results: Could a Four-Day Workweek Work in Distribution? Read More »
Premium Monthly: M&A, Nearshoring & Less Economic Fear Lead February Content
During February, mergers and acquisitions continued to be a prime topic, thanks in part to MDM’s 2023 Virtual M&A Summit.
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Dutch Company Signify Acquires Intelligent Lighting Controls
ILC, which was founded more than three decades ago, will continue to be headquartered and maintain its manufacturing in Edina, Minnesota.
Dutch Company Signify Acquires Intelligent Lighting Controls Read More »
Fastenal Sees 9.6% Daily Sales Growth in February
It was a deceleration from January’s 11.2% growth, but another solid month nonetheless.
Fastenal Sees 9.6% Daily Sales Growth in February Read More »
EFC Int’l Acquires Fellow Fastener Distributor ISC in St. Louis
Inventory Sales Company (ISC) is a distributor of Class-C parts with a focus on fasteners and strut accessories.
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Descartes Fiscal 2023 Revenue Up 14% Over Prior Year
Fiscal 2023 4Q revenue was $125.1 million, up 11% from $112.4 million in fiscal 4Q 2022, the company said.
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Crawford Electric Expands Relationship with Schneider Electric
Sonepar subsidiary Crawford will now support Schneider Electric’s Square D products at locations in Texas and Louisiana.
Crawford Electric Expands Relationship with Schneider Electric Read More »
Building Controls & Solutions Acquires Minvalco
The deal marks Building Controls & Solutions’ sixth acquisition in the past four years, according to an announcement.
Building Controls & Solutions Acquires Minvalco Read More »
Current Lighting Appoints Interim CEO
Bill Tolley will serve as interim CEO, replacing departing CEO Manish Bhandari.
Current Lighting Appoints Interim CEO Read More »
Metals Distributor Ryerson Acquires BLP Holdings
In Houston-based BLP, Ryerson gains a supplier of complex fabrication services and toll processing capabilities.
Metals Distributor Ryerson Acquires BLP Holdings Read More »
Zoro Promotes Mattinson to Company President
Chief Revenue Officer Sandy Mattinson takes over leadership of Grainger’s marketplace subsidiary on April 1 as Kevin Weadick steps down.
Zoro Promotes Mattinson to Company President Read More »
GMS Sees Decelerated Sales Growth in Fiscal 3Q
Net sales increased 7% year-over-year in 3Q, down significantly from 2Q sales growth of 24.4%.
GMS Sees Decelerated Sales Growth in Fiscal 3Q Read More »
Danfoss Acquires German Compressor Maker BOCK
The heating and cooling solutions provider also announced it adding a new compressor and sensor factory in Mexico.
Danfoss Acquires German Compressor Maker BOCK Read More »
Turtle & Hughes Integrated Supply Names New Business Leader
Blake Varbero now leads the national sales efforts for Turtle’s Integrated Supply unit that provides MRO products distribution and services.
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