Wajax 3Q Industrial Parts Revenue Jumps 19%
Companywide, Wajax said 2023 third quarter revenue was $369.13 million (USD), up 8.3% over the same period in 2022.
Wajax 3Q Industrial Parts Revenue Jumps 19% Read More »
November 2023
Resin Distributor Formerra Expands in Mexico
The addition of Suministro as a Formerra company diversifies the resin distributor’s portfolio across North America.
Resin Distributor Formerra Expands in Mexico Read More »
Martin Supply Appoints New CFO
Florence, Alabama-based MRO distributor Martin Supply appointed Steve McClanahan as Chief Financial Officer.
Martin Supply Appoints New CFO Read More »
Hillman Sales Rebound, Accelerate in 3Q
The company posted 3Q year-over-year sales growth of 5.4%, an impressive rebound from the 3.6% decline seen in 2Q.
Hillman Sales Rebound, Accelerate in 3Q Read More »
Dakota Supply Group Expanding in Central Iowa
The facility, which will open in 2024, spans 30,000-square-feet and offers ‘a strategically positioned site,’ DSG says.
Dakota Supply Group Expanding in Central Iowa Read More »
U.S. Wholesale Inventories Unexpectedly Rise in September
Machinery and auto parts inventory drove the first monthly gain since February.
U.S. Wholesale Inventories Unexpectedly Rise in September Read More »
DXP 3Q Sales, Profits & EBITDA Continue Strong Growth
The company’s 3Q YoY sales growth of 8.2% was a considerable slowdown from 2Q’s 16.4%, but still considered strong.
DXP 3Q Sales, Profits & EBITDA Continue Strong Growth Read More »
No MDM Newsletter on Friday
We’re off Friday for Veterans Day. Our Update newsletter will be back in action Monday morning.
No MDM Newsletter on Friday Read More »
MDM Podcast: Amazon Business is Just Getting Started
The B2B marketplace’s worldwide director, Todd Heimes, joins us to discuss how Amazon Business is constantly innovating to cater to today’s B2B buyer, and why it sees immense opportunity ahead.
MDM Podcast: Amazon Business is Just Getting Started Read More »
October Premium Monthly: SHIFT Takeaways, 3Q Data Lead Packed Month
Insights from MDM’s annual conference and Baird’s quarterly survey highlight a month that overflowed with Premium content.
October Premium Monthly: SHIFT Takeaways, 3Q Data Lead Packed Month Read More »
Avnet Opens Tech Campus in Southern Germany
Products manufactured at the campus are typically for original equipment manufacturers (OEM) customers, Avnet said.
Avnet Opens Tech Campus in Southern Germany Read More »
The Building Center Acquires Contractors Building Supply
This deal marks the seventh acquisition for the company in the past seven years, according to a news release.
The Building Center Acquires Contractors Building Supply Read More »
City Electric Supply Opens Branches in TX, NC, FL, SC
The company announced six new branch locations during the month of October.
City Electric Supply Opens Branches in TX, NC, FL, SC Read More »
DoT Invests $653M to Improve U.S. Ports
In an effort to strengthen supply chain reliability, the U.S. Department of Transportation has awarded grants to fund 41 port projects.
DoT Invests $653M to Improve U.S. Ports Read More »
NAW Calls on DoL to Withdraw Proposed Overtime Rule
The proposal would increase the salary threshold for guaranteed overtime pay from its current $35,668 to $55,000.
NAW Calls on DoL to Withdraw Proposed Overtime Rule Read More »
MRC 3Q Sales Growth Slows Again to 2%
The company’s sales were $888 million for the third quarter of 2023, which was 2% higher than the second quarter of 2023.
MRC 3Q Sales Growth Slows Again to 2% Read More »
What are Distributors’ Economic Expectations for 2024?
More than three-fourths of executives who responded to the 3Q 2023 Baird-MDM Industrial Survey said they expect either flat or modest growth in 2024.
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What are Distributors’ Economic Expectations for 2024? Read More »
Infinity Valve Expanding in Louisiana with $1.1M Project
The funding will help the company increase production capacity of its new air compression division through equipment upgrades and physical expansion.
Infinity Valve Expanding in Louisiana with $1.1M Project Read More »
Global Industrial Inks Floor Care Equipment Deal with Vizient
Vizient is the largest provider-driven healthcare performance improvement company in the US.
Global Industrial Inks Floor Care Equipment Deal with Vizient Read More »
Report: Ace Says Systems Restored After Cyberattack
An Ace Hardware official said its systems are restored a little over a week after a cyberattack disrupted shipments and online orders.
Report: Ace Says Systems Restored After Cyberattack Read More »
