Winsupply this week has added Winsupply of Rio Grande Valley, in Mission, Texas, to its footprint.
Eric Smith
Senior Editor Eric Smith is an award-winning business journalist whose coverage focus includes economic news and insights, industry trends, M&A, and analysis of small businesses and public companies across the wholesale distribution marketplace. Reach him at [email protected] or 720-207-0335.
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Leicester-based Cooper Freer will become part of the service division within Atlas Copco’s Compressor Technique business area.
The seasonally adjusted Fastener Distributor Index (FDI) for February was 66.1, up from 57.7 in January.
Fastenal’s reported daily sales for the month also were up 1.5% versus a year as its sales mix continues to return to normal.
Building materials distributor BlueLinx Holdings also reported that fourth-quarter sales improved 41% to $865 million from the year-ago quarter.
Bill Rummell and AJ Lacey have been promoted to regional sales managers, and Sherrie Bloom has been promoted to associate director of marketing.
Electrical distributor names Wendy Buchholz to key role responsible for growing business in Upstate New York with an emphasis on sustainable solutions.
Construction spending for the first month of 2021 was also up 1.7% from the previous month of December 2020.
The U.S. Census Bureau has released advance indicators showing that the international trade deficit and wholesale inventories both increased in January.
The February PMI registered 60.8%, up 2.1% from the January reading of 58.7% and marking a ninth consecutive month of expansion.
Association also reports that the average annual sales growth for the 12 months through January 2021 for HARDI distributors is 4.8%.
Building materials distributor Huttig Building Products Inc. reported fourth-quarter sales of $184.6 million, a 2.3% increase over the prior-year period.
While distribution M&A didn’t quite keep up the pace of the previous few months, all indications are that activity will continue to be brisk in 2021.
Bunzl closes on additions of Deliver Net, Disposable Discounter and Pinnacle.
Distributor acquires Flex Flow from GR Energy Services Holdings LP, a portfolio company of the private equity firm Pine Brook Partners.
The location will begin operating as F.W. Webb and, as part of the transaction, the company’s Creative Bath will open as a Frank Webb Home retail showroom.
Addition of Triple T allows Core & Main to better serve the West Texas region.
Dallas-based building materials distributor Builders FirstSource, fresh off the acquisition of BMC Stock Holdings, said fourth-quarter sales climbed 43.5%.
Jamie Ollesheimer will continue to lead the Michigan-based distributor under the LTO banner.
Increase of manufactured durable goods is the ninth in a row since May 2020; this growth period was preceded by two decreases during the height of the coronavirus crisis.
