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 »
2023
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.
MDM Podcast: The State of Distribution Innovation Read More »
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 »
Greif to Acquire France’s IPACKCHEM in $538M Deal
The planned cash transaction would be funded through available capacity in Greif’s existing credit facilities.
Greif to Acquire France’s IPACKCHEM in $538M Deal Read More »
F.W. Webb Pays $3.2M in Overtime Pay to 700 Sales Reps
A court found that the company failed to pay affected workers overtime back wages since August 2018 and violated recordkeeping provisions.
F.W. Webb Pays $3.2M in Overtime Pay to 700 Sales Reps Read More »
Boise Cascade 3Q Distribution Sales Fall 15%
The building materials distributor and manufacturer said that 91% of 3Q 2023 revenue came from distribution.
Boise Cascade 3Q Distribution Sales Fall 15% Read More »
BradyIFS, Envoy Solutions Complete Blockbuster Merger
Two of North America’s largest JanSan, foodservice and packaging supplies distributors are now one.
BradyIFS, Envoy Solutions Complete Blockbuster Merger Read More »
Global Industrial Sales Jump 18.8% on Indoff, Organic Growth
The company’s Spring 2023 acquisition of office products distributor Indoff powered most of the growth, while volume also improved.
Global Industrial Sales Jump 18.8% on Indoff, Organic Growth Read More »
Supplier Earnings Roundup: CAT, Eaton, ITW
It’s another week for industrial manufacturers’ financial reports. We recap the key figures for thee of them here.
Supplier Earnings Roundup: CAT, Eaton, ITW Read More »
October M&A Roundup: 4Q Launches with 2nd Most Deals of 2023
During the month, MDM reported on 43 mergers and acquisitions among distributors and manufacturers, the second most in any month this year.
October M&A Roundup: 4Q Launches with 2nd Most Deals of 2023 Read More »
Offen Petroleum Adds Douglas Distributing’s Wholesale Unit
It gains Offen a strong foothold to continue growing in the Texas and surrounding markets.
Offen Petroleum Adds Douglas Distributing’s Wholesale Unit Read More »
Beacon Opens 3 Locations in Western U.S.
Construction and building materials distributor Beacon opened three new locations to serve contractors and lumberyards.
Beacon Opens 3 Locations in Western U.S. Read More »
AD Members’ 9-Month Sales Up 3% to Record-High
AD noted that 80 new companies joined the group in the year’s first nine months, half of which came via acquisitions by existing members.
AD Members’ 9-Month Sales Up 3% to Record-High Read More »
