Snap-on 3rd Quarter Sales Increase 5.2%
Net sales for 2023’s third quarter were nearly $1.16 billion, an increase of $56.8 million, or 5.2%, from 2022 levels.
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October 2023
Watsco 3Q Sales Grow 4% to Record $2.13B
For 3Q 2023, the company also reported a 9% increase in operating income to a record $257 million.
Watsco 3Q Sales Grow 4% to Record $2.13B Read More »
Brighton-Best, Parker Fasteners Partner on Domestic Sockets
The agreement will focus on promoting the expansion of BBI’s stainless steel lines, according to a news release.
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Motion 3Q Sales Flatten but Margin Stays Healthy
Sales for Genuine Parts Company’s industrial segment were $2.2 billion, up 0.6% from the same period in 2022.
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Data: Distributors, Manufacturers Seeing Slow Progress on Labor Front
The 3Q23 Baird-MDM Survey revealed new quantitative data on industry-wide frontline hiring/retention, and plenty of interesting commentary.
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Sonepar’s Viking Electric to Acquire Sunrise Electric in Chicago
Sunrise Electric Supply joins Sonepar with over 80 associates, according to a news release announcing the deal.
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BlackHawk Adds National Accounts Operations Director
Dan Vermillion will be responsible for developing and implementing strategies aimed at optimizing the operational performance.
BlackHawk Adds National Accounts Operations Director Read More »
DoL: Kentucky Distribution Center Employed Children as Young as 11
Violations included employing one child to operate a forklift — a hazardous occupation for workers under 18 — and tasking another child to pick orders in the warehouse.
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White Cap Leases 20K Square-Foot Facility in Clearwater, FL
White Cap’s 20,000-square-foot indoor building space is in addition to 1.5 acres of industrial outdoor storage space.
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NetPlus Hosts 10th Annual Meeting, Presents Member Awards
The group hosted 650 distributor and supplier attendees from nearly 310 companies at its 10th Annual Meeting in Denver.
NetPlus Hosts 10th Annual Meeting, Presents Member Awards Read More »
Green Mountain Acquires Atlantic Electrical Distribution Services
Vermont-based electrical distributor Green Mountain Electric Supply has made its eighth acquisition in less than three years.
Green Mountain Acquires Atlantic Electrical Distribution Services Read More »
Timken to Acquire Engineered Solutions Group in Houston
Timken’s acquisition of iMECH enables the bearings manufacturer to increase its product breadth and provides cross-selling opportunities.
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Report: Activist Investor Urges MRC Global to Explore Sale
Engine Capital reportedly said the PVF distributor could net $14 to $18 per share in a sale as a premium to its current stock price.
Report: Activist Investor Urges MRC Global to Explore Sale Read More »
Lawless Group Adds Key Market Verticals Leader
Manufacturer representation agency The Lawless Group named Jay Drummond President of its industrial and MEP market verticals.
Lawless Group Adds Key Market Verticals Leader Read More »
Atlas Copco Adds Distributors in New Hampshire, Slovakia
Pump, compressor and vacuum equipment manufacturer Atlas Copco added three distributors to its compressor business.
Atlas Copco Adds Distributors in New Hampshire, Slovakia Read More »
Vallen Earns ISA’s 2023 Innovation Impact Award
Industrial distributor Vallen was recognized for its “groundbreaking” ESG program, dedicated to building a diverse and inclusive culture.
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Q&A: For B2B Sales Workflow, There Must Be a Better Way
Often, too many people are involved in the B2B sales workflow, the right people aren’t, or they don’t have access to needed information. We chat with vSimple’s Katie Duvall on sales communication blind spots.
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SKF Confirms Pending Closure of Luton, UK Plant
The proposal was made as part of a consolidation of the group’s spherical roller bearing manufacturing to secure competitiveness in Europe.
SKF Confirms Pending Closure of Luton, UK Plant Read More »
September U.S. Industrial Production Improves to 5-Year High
Industrial production increased 0.3% during the month and advanced at an annual rate of 2.5% in the third quarter.
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CAT Appoints Operating, Sustainability & Strategy Leaders
Joseph E. Creed, Group President of Energy & Transportation, has been appointed to the newly created position of Chief Operating Officer.
CAT Appoints Operating, Sustainability & Strategy Leaders Read More »
