Painters Supply & Equipment Launches Parent Brand, PSE Group
PSE Group has grown to include more than 72 branch locations and four distribution centers throughout the U.S.
Painters Supply & Equipment Launches Parent Brand, PSE Group Read More »
2024
Timken to Acquire Precision Drive Supplier CGI in Nevada
Timken expands further into the automation and robotic solutions field, after acquiring Cone Drive in 2018, Spinea in 2022 and CGI in 2024.
Timken to Acquire Precision Drive Supplier CGI in Nevada Read More »
U.S. Unemployment Rate Climbs to Highest in Nearly 3 Years
U.S. unemployment rose to 4.3% in July, higher than a year earlier when unemployment was at 3.5%.
U.S. Unemployment Rate Climbs to Highest in Nearly 3 Years Read More »
Lamons Acquires Fellow Manufacturer Auge Industrial Fasteners
The acquisition of Mexico-based Auge is set to enhance Lamons’ ability to meet market demands across a regionally-focused supply chain.
Lamons Acquires Fellow Manufacturer Auge Industrial Fasteners Read More »
Singer Industrial Acquires MEP Brothers in Winnipeg
Singer Industrial expands its footprint in North America to more than 100 locations with over 1,500 employees.
Singer Industrial Acquires MEP Brothers in Winnipeg Read More »
U.S. Factory Orders Fell 3.3% in June
It was the second straight monthly decrease after May orders fell 0.5%.
U.S. Factory Orders Fell 3.3% in June Read More »
HARDI Distributors See 1.9% June Revenue Increase
HARDI reports a revenue increase for distributors in June, despite fewer billing days compared to last year.
HARDI Distributors See 1.9% June Revenue Increase Read More »
MDM Research: The State of Labor Turnover in Wholesale Distribution
While anecdotal evidence points to industry improvement in hiring and retention, we polled hundreds of distributors about their turnover rate over the past year across leadership/management and frontline roles.
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MDM Research: The State of Labor Turnover in Wholesale Distribution Read More »
MCE Acquires Air Automation Engineering in MN
It’s MCE’s 14th bolt-on since the start of 2023.
MCE Acquires Air Automation Engineering in MN Read More »
US LBM Acquires L.D. Mullins Lumber in South Florida
US LBM now runs 18 locations in Florida including this latest acquisition.
US LBM Acquires L.D. Mullins Lumber in South Florida Read More »
Acquisitions Drive Beacon’s 6.8% Sales Growth in 2Q
Beacon said pricing and organic volumes drove about 3% combined sales growth during the quarter.
Acquisitions Drive Beacon’s 6.8% Sales Growth in 2Q Read More »
Ferguson is Now Officially Headquartered in the U.S.
It completes a years-long corporate transition for the distributor of plumbing, HVACR, PVF and industrial supplies.
Ferguson is Now Officially Headquartered in the U.S. Read More »
June U.S. Construction Spending Continued Unexpected Slide
Missing economists’ expectations, June was dragged down by both public and private construction.
June U.S. Construction Spending Continued Unexpected Slide Read More »
Rexel 2Q Comparable Sales Fell 2.4% YoY
Rexel reported sales in North America remained flat with some improvement, offset by challenging market activity in Europe.
Rexel 2Q Comparable Sales Fell 2.4% YoY Read More »
ISM’s July Manufacturing PMI Hits 8-Month Low
It’s the latest economic indicator that demand remains subdued in the U.S. manufacturing sector.
ISM’s July Manufacturing PMI Hits 8-Month Low Read More »
MDM’s July 2024 M&A Roundup: Another Strong Month Amid “Soft” Backdrop
Weaker than expected industrial demand certainly hasn’t dampened the industry’s appetite for M&A dealmaking, as MDM’s reporting has shown.
MDM’s July 2024 M&A Roundup: Another Strong Month Amid “Soft” Backdrop Read More »
Wesco Sales Declines Continue in 2Q on Utility Slowdown
The company said customer destocking and the delay of capital projects clearly impacted its 2Q results.
Wesco Sales Declines Continue in 2Q on Utility Slowdown Read More »
AD’s 2024 1H Member Sales Rise 7% to Record Total
Membership growth for the contractor and industrial supplies buying group has outpaced the impact of consolidation, AD CEO Bill Weisberg said.
AD’s 2024 1H Member Sales Rise 7% to Record Total Read More »
DSG 2Q Organic Sales Fall YoY, Rise Sequentially
As expected, DSG’s organic sales declined compared to a year ago but sequential improvement was driven by increased sales in many end markets.
DSG 2Q Organic Sales Fall YoY, Rise Sequentially Read More »
Grainger Posts 3.1% Sales Growth in 2Q, Lowers Outlook
CEO D.G. Macpherson noted a “slow, but generally stable” demand backdrop.
Grainger Posts 3.1% Sales Growth in 2Q, Lowers Outlook Read More »
