Purvis Expands in Ohio, Acquires Torque Drives
Power transmission distributor Purvis Industries acquired Torque Drives, an industrial distributor of power transmission components and more.
Purvis Expands in Ohio, Acquires Torque Drives Read More »
November 2023
Hisco Drives DSG’s Major 3Q Gains; Organic Slides
The distributor’s $269 million acquistion of Hisco this spring figures to drive big year-over-year gains through the first half of 2024.
Hisco Drives DSG’s Major 3Q Gains; Organic Slides Read More »
Wesco 3Q Sales up 3.6%, Lowers Outlook as Margins Dip
WESCO saw year-over-year growth in its CSS and UBS units, while its largest unit — EES — declined.
Wesco 3Q Sales up 3.6%, Lowers Outlook as Margins Dip Read More »
MCE Completes 6th & 7th Acquisitions of 2023
MCE acquired Georgia-based motor control and drive distributor Applied Industrial Controls and systems integrator Engineered Systems Group.
MCE Completes 6th & 7th Acquisitions of 2023 Read More »
Avnet 1Q Sales Down 6.1%, but Net Profit Improves
On a constant currency basis, sales decreased 7.8% year-over-year and decreased 2.9% sequentially, Avnet said in a news release.
Avnet 1Q Sales Down 6.1%, but Net Profit Improves Read More »
MDM Podcast: The State of Distribution Innovation
NAW’s Bart Tessel and Applico’s Alex Moazed share thoughts on distribution innovation and technology today as critical differentiators, and where they’re headed.
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September U.S. Construction Spending up 0.4% from August
August’s growth was considerably revised upward, from 0.5% to 1.0%, according to new data from the Census Bureau.
September U.S. Construction Spending up 0.4% from August Read More »
BlueLinx 3Q Sales & Profits Slide on Weak Housing
Marietta, Georgia-based building products distributor BlueLinx reported a 24% decrease in sales revenue in the third quarter of 2023.
BlueLinx 3Q Sales & Profits Slide on Weak Housing Read More »
Citing ‘Strong’ Economy, Fed Leaves Rates Unchanged
‘Economic activity expanded at a strong pace in the third quarter,’ the central bank said in a statement Nov. 1.
Citing ‘Strong’ Economy, Fed Leaves Rates Unchanged Read More »
Endries International Acquires Viscan Group in Quebec
Viscan is a leading supplier of specialized screws, general fasteners and related components.
Endries International Acquires Viscan Group in Quebec Read More »
Singer Industrial Continues Deal Spree, Adds Viking Hose
In its sixth deal of the year, Singer Industrial joined forces with North Carolina-based Viking Hose and Fittings.
Singer Industrial Continues Deal Spree, Adds Viking Hose Read More »
Builders FirstSource Sees Continued Sales & EBITDA Declines
The company reported net sales of $4.5 billion, a 21.3% decrease primarily driven by a weaker housing market and commodity deflation.
Builders FirstSource Sees Continued Sales & EBITDA Declines Read More »
October PMI Falls 2.3 Points from September
It followed two straight months of improvement, retracting further into contraction territory.
October PMI Falls 2.3 Points from September Read More »
