Building materials distributor SRS said it has named Ryan Nelson to the company’s top financial post.
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 eric@mdm.com or 720-207-0335.
Posts By Eric Smith
Dan Perry will continue to lead the company under the Atlanta Landscape Materials banner.
Wholesale distribution mergers and acquisitions continued at a brisk pace as the calendar rolled over to 2021.
For the fourth quarter, however, Arrow reported that sales increased 15.2% to 8.5 billion.
Fastenal’s reported daily sales for the month were down 9.1% versus a year due to softness in fastener sales and the non-residential construction end market.
MCE makes second acquisition this month with the addition of the Plymouth, Minnesota-based distributor of process instrumentation, flow control valves, actuators and related equipment.
Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Jan. 25 to Jan. 29 increased 6.4%, continuing a normal growth trend.
“Disappointing” was how one analyst described the industrial distributor’s gross margin performance (down 290bps) in the period, but such a plunge was all too familiar for many companies in these pandemic-plagued times.
The seasonally adjusted Fastener Distributor Index (FDI) for January was 57.7, down from 62.6 in December.
Industrial distributor Grainger says its fourth-quarter sales were up 3.3% as the company continued to deal with the “challenges and uncertainty” of COVID-19.
Shares of the global plumbing giant will be listed in the U.S. and traded under the ticker symbol “FERG.”
Home improvement B2C and B2B giant has opened 1.5 million-square-foot distribution center in the Dallas-Fort Worth metro area
In a C-suite shakeup that will happen in the third quarter, Amazon’s founder will step aside to allow Andy Jassy to become CEO.
The transaction partially fulfills WESCO’s commitment to divest its legacy Canadian Utility and Datacom businesses in connection with Canadian law.
Specialty building materials distributor expands presence in the Minneapolis-St. Paul area.
Jared Lukert and Eric Eddleman appointed to key leadership positions in the electrical distributor’s Houston branch.
Buying group also reports that in 2020 member net distributions increased 1% while supplier purchases declined 1%.
“Make sure you're making acquisitions — now,” Alan Beaulieu told distributors at last week’s NAW Digital Summit. See why he says companies have the green light to grow.
Association also reports that the average annual sales growth for the 12 months through December 2020 for HARDI distributors is 4.1%.
Despite the pandemic, construction spending for 2020 wound up at $1,429.7 billion, up 4.7% from 2019.
