The restructuring includes a voluntary retirement offer and “rationalization and optimization” of certain DCs, stores and other facilities.
Motion 4Q Sales Accelerate as GPC Announces Restructuring Actions Read More »
Overall 4Q and full year profit spiked on a deferred tax benefit, while sales continued low single-digit annual growth.
DNOW Continues Modest Sales Growth as Profit Soars Read More »
Boosting Henkel’s MRO offerings, Houston-based Seal for Life has about 650 employees and generated $269 million in 2023 revenue.
Henkel to Acquire Seal for Life Industries Read More »
The program directly connects manufacturing customers with Verusen via the AWS Partner Network and Sales organizations.
Verusen Joins AWS Software Vendor Accelerate Program Read More »
Meanwhile, gross margin at Resideo’s manufacturing business unit saw solid improvement during 4Q23.
ADI Global Posts Flat 4Q & 2023 Revenue as Margins Slip Read More »
However, lower volume driven by deferred activity in the gas utilities sector didn’t stop the company from modest full-year growth.
MRC Global Sees Steep Annual, Sequential 4Q Sales Declines Read More »
Though it repeated December’s monthly figure, the overall CPI topped economics’ expectations.
January U.S. Consumer Inflation Up 3.1% YoY Read More »
With cyber attacks being a matter of when rather than if it happens to you, Nick Pericle concludes his 3-part series here with initial response steps to take when your organization suffers an attack and longer-term recovery.
So You’ve Been Cyber-Attacked. Now What? Read More »
Watsco’s 2023 follows two years of record-setting performances and faces softer comparative market conditions.
Watsco Reports Sales Growth Despite Soft HVAC Market Read More »
While 4Q volume fell in certain verticals, Wesco said it saw growth in industrial, utility, data center and network infrastructure.
Wesco 2023 Sales Topped $22B Despite 4Q Decline Read More »
In a step toward vertical integration, independent industrial distributor B&D Industrial acquired a Michigan-based gear manufacturer.
B&D Industrial Acquires American Gear & Engineering Read More »
It further expands DXP’s offering and capabilities in the water and wastewater markets.
DXP Acquires Kappe Associates Read More »
Whitco has about 30 employees across eight locations in Louisiana, Texas, New Mexico, Ohio and Pennsylvania.
DNOW to Acquire Valves & Automation Distributor Whitco Supply Read More »
Company veteran Jean-Marie Maayoufi now leads sales efforts for WALTER’s Allegro Industries brand.
WALTER Appoints New Safety Sales Director Read More »
The portable and power products maker has added Macromatic Industrial Controls (Waukesha, WI) and Primax Technologies (Point-Claire, Quebec).
Trystar Acquires Manufacturers in Wisconsin & Quebec Read More »
A report from A3 shows that annual 2023 sales were near equal for automotive and non-automotive industries.
2023 North American Robot Orders Down 30% from 2022 Read More »
Sonia Timmons has been with Vallen since 2007, with the past 5 years as its VP of Financial Planning Analysis.
Timmons Named Vallen’s Finance Leader Read More »
Distributors won’t be able to pass along price increases in 2024 at nearly the rate of 2021-2023. So, the 4Q23 Baird-MDM Survey asked distributors how they see supplier pricing impacting gross margin.
Survey: How Will Supplier Pricing Impact Distributors’ Gross Margin in 2024? Read More »
Full-year 2023 total sales were $4.73 billion, up 5.3% from 2022.
Snap-on 4Q Organic Sales Up 2.2% as Tools Group Slide Read More »
The manufacturers say the deal will create a scalable growth platform that expands Owens Corning’s addressable market to $27 billion.
Owens Corning to Buy Masonite in $3.9B Deal Read More »
By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.
Wholesale distribution news and trends delivered right to your inbox.
Sign-up for our free newsletter and get:
