Electrical distributor says the addition of Shingle & Gibb will strengthen its position in industrial automation and control.
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
With addition of two distribution centers, home improvement giant The Home Depot will bring 400 jobs to the tri-state area.
Addition of building materials distributor will strengthen US LBM’s presence in the New York metropolitan tri-state area.
Company’s latest addition is Topmost Chemical & Paper, a Memphis, Tennessee-based distributor of janitorial supplies and equipment.
Online giant is bringing eight new sites, including an 855,000 square-foot fulfillment center in North Las Vegas, to the Silver State.
Air Products’ latest executive appointment, Brian Galovich, will report to Seifi Ghasemi, the company's chairman, president and CEO.
Go behind the scenes of Ferguson and Grainger, learn what’s driving building material M&A, discover the distribution leaders of tomorrow and see what Amazon does better than anyone by checking out MDM’s most-read blogs from last month.
The November PMI registered 57.5%, a decrease of 1.8% from the October reading of 59.3% but still marking a seventh consecutive month of expansion.
The October figure also show a 1.3% improvement from the revised September estimate; year to date, construction spending is up 4.3%.
Association also reports that the average annual sales growth for the 12 months through October 2020 for HARDI distributors is 3.1%.
Bearings manufacturer adds company that employs approximately 220 people and expects 2020 sales to be around $30 million.
Not only has activity rebounded despite the rise in coronavirus cases and corresponding lockdowns, but also multibillion-dollar deals are happening more frequently. Here’s our M&A recap from a very busy month.
Independent company, which serves Northern Virginia, Maryland and Washington, D.C., will become part of building materials giant — the soon-to-be merged BMC and Builders FirstSource.
The U.S. Census Bureau has released advance indicators showing that the international trade deficit and wholesale inventories moved in opposite directions in October.
Increase of manufactured durable goods is the sixth in a row following growth in May, June, July, August and September — all of which had been preceded by two decreases during the height of the coronavirus crisis.
Paints, coatings and specialty materials supplier PPG, Pittsburgh, Pennsylvania, on Monday announced that it has agreed to acquire Ennis-Flint, a Greensboro, North Carolina-based manufacturer of coatings, for $1.2 billion.
In the latest MDM interview, Barry Litwin, CEO of Systemax — the publicly traded parent of Global Industrial and other businesses — discussed the company’s 3Q performance, what’s driving growth in 2020 and the “permanency” of pandemic-related products.
The increase in real GDP reflected increases in PCE, private inventory investment, exports, nonresidential fixed investment, and residential fixed investment that were partly offset by decreases in federal government spending.
Swiss fastener distributor The Bossard Group has invested a 40% stake in the startup company MultiMaterial-Welding AG, Stansstad, Switzerland.
Emerson says acquisition will help the company’s customers “further their sustainability goals through better air management.”
