Building materials distributor debuts roofing and siding locale in the city of New Castle.
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
Swedish industrial manufacturer adds supplier of compressed air equipment and related services to its portfolio.
During MDM’s Distribution Industry Outlook webcast, Baird analyst Dave Manthey outlined how economic momentum will pick up in the new year but especially in later quarters.
Andy Boyle will report to Kevin Short, ORS Nasco’s president and CEO.
Latest Chicago Fed National Activity Index (CFNAI) shows that three of four broad categories of indicators used to construct the index made positive contributions in December, but three categories decreased from November.
Rob Dewar, current president of the Industrial & Safety-Canada Division, is being promoted to president of AD Canada.
Building materials company joins efforts with Andersen to service the metro D.C. market.
Parent company of Global Industrial names Claudia Hughes to SVP and chief sales officer, reporting to CEO Barry Litwin.
Industrial distributor appoints Scott Durand as president and Melissa Book as CFO.
Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Jan. 11 to Jan. 15 increased 4.6%, reverting to normal growth after weeks in the double digits.
However, the manufacturer closed the year on a positive note with fourth-quarter sales up 2.3%.
Housing starts also up — in the low double digits — compared to year-ago period and the previous month, according to the latest residential construction report from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
Hisco president: “This acquisition enables us to further expand our signature ‘fast, friendly service’ to customers throughout North America."
With these cost-cutting moves, the industrial distributor aims to save $15 million to $18 million annually beginning in fiscal 2022.
Consolidation continues in the building materials sector following ACS’s eighth acquisition under its current PE ownership.
On January’s fourth-quarter earnings call, Fastenal CEO Dan Florness and CFO Holden Lewis pulled back the curtain on how they view the company’s diminishing role of physical branches.
Changes throughout the electrical distributor designed to help company “focus on growth and customer expectations.”
For the full year of 2020, Fastenal’s sales increased 5.9% over the previous year driven by nine strong months of safety and PPE sales to offset softer fastener business.
Company says rebrand is “intended to solidify the company’s structure and advance its position in the marketplace” and also coincides with Motion's 75th anniversary.
Air Hydro Power is adding fellow Louisville, Kentucky-based business Uland Supply to its portfolio.
