Building material distributor receives early termination of Hart-Scott-Rodino waiting period required to unload division for $850 million.
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
Industrial distributor names four executive appointments, including a new president and CEO.
Company adds three senior leaders, including a CFO, chief business development officer and general sales manager.
Debut online trade show from PTDA will provide “power transmission/motion control (PT/MC) manufacturers and distributors the opportunity to focus on PT/MC product knowledge and channel partner relationships.”
Jennifer Murphy on Jan. 1 took the reins of the buying group from her father, Dan Judge, marking the organization’s fifth generation of family ownership.
MDM offers a preview of how distributors fared in the last quarter of 2020, along with a roundup of the latest economic reports showing that the recovery is happening, just slowly.
The U.S. Census Bureau reported that the combined value of distributive trade sales and manufacturers’ shipments and inventories for November increased 1.5% from the same month last year.
According to the Industrial Production and Capacity Utilization Report, manufacturing output increased 0.9% during the month; year-to-date industrial production has improved but is still 3.6% below its pre-pandemic level.
Brady, a full-line janitorial supply, equipment and foodservice distributor, this week appointed Mark Allen to the newly created position of vice president of procurement
Stengel previously served as chief transformation officer of the company of Genuine Parts and his background also includes executive roles at HD Supply.
Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Jan. 4 to Jan. 8 increased 18.4% — the third straight week of double-digit growth and a strong start to the new year.
Bossard reports that sales in America region were down 7.9% in the year but increased 4.3% in the fourth quarter.
After unloading business in an asset sale, Houston Wire & Cable will use the proceeds to reduce revolver debt
PPG’s new business unit, Traffic Solutions, will manufacture and supply a broad, global portfolio of pavement-marking products.
Former Timken exec Chris Henson named to key role for Kaman Distribution’s business development team.
Electrical and industrial distributor Turtle & Hughes promotes Norman Blumenthal, Billy Wresch, Shiv Singh and Izabela Legocka.
The member-owners of Wayne, Pennsylvania-based buying group AD elected two new directors and reelected one director to its 2021 LLC board of directors.
By adding ABCO to its portfolio, Daikin — a manufacturer of heating, cooling and refrigerant products — will bolster its distribution capabilities in the northeast.
Eric Swank will leave the building materials distributor in February after 16 years with the company.
MRO distribution giant names Deidra “Dee” Merriwether as CFO and Paige Robbins as SVP and president of the Grainger Business Unit.
