According to the Industrial Production and Capacity Utilization Report, manufacturing output increased 0.8% during the month; year-to-date industrial production has improved but is still 5% below its pre-pandemic level.
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
Chuck Noll and Michelle Kelly receive promotions as part of Turtle & Hughes reorganizing its corporate and distribution operations departments.
Eaton says this investment will expand its “range of low-voltage electrical components sold in Asia Pacific.”
TriMas’ latest addition, Affaba & Ferrari, is expected to report €32 million (US$38.9 million) in revenue for fiscal year 2020.
Andy King is set to step down from his role at Arrow after 34 years with the electronics distributor; David West will replace him as president of Arrow's global components division.
But new orders placed in October marked a 3.7% increase from the previous month, according to the most recent U.S. Manufacturing Technology Orders report.
Newly appointed EVP Jennifer L. Honeycutt will be responsible for a handful of Danaher's business divisions.
Carlisle has named David W. Smith to the newly created role of vice president, sustainability; he will drive the companywide environmental, social and governance (ESG) strategy.
3M reports that sales increased 9% in the Americas and 10% in EMEA (Europe, Middle East and Africa) last month as the company continued its post-pandemic momentum.
Marc Strandquist, the recently appointed president and CEO of Optimas OE Solutions LLC, has been in the fasteners industry his entire professional career. He spoke with MDM about his path, his new company and his outlook for the industry.
MDM has compiled some recent economic outlooks for 2021, most of which are promising, but we’d love to know what you expect for your distribution business and the industry as a whole next year.
Electrical distributor Crescent Electric Supply names Seth Erickson to key C-suite position where he will oversee a number of strategic initiatives.
Latest deal means Hardwoods Distribution Inc. has added more than $150 million in annualized sales to its top line in last two years.
National Association of Wholesaler-Distributors named Dan Schuberth as chief business development officer and William Inman as chief public affairs officer for communications and advocacy.
Heating, Air-conditioning & Refrigeration Distributors International added to its board at this week’s 2020 Virtual HARDI Summit.
In mammoth deal, Platinum Equity adds $47 billion-a-year technology distributor Ingram Micro to its portfolio.
Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Nov. 30 to Dec. 4 “produced the largest non-holiday increase the index has experienced.”
Year-to-date sales for the engineering and construction firm were down 6.9% year-over-year.
Ingersoll Rand’s latest addition — a division of Tuthill Corp. — will become a part of the Ingersoll Rand Industrial Technologies and Services (IT&S) segment.
The addition will enable Rexnord’s Zurn business, its water management platform, to offer building owners a complete washroom solution.
