On MDM’s most recent webcast, Stellar Industrial Supply President and CEO John Wiborg outlined the importance of investing in a strong culture before exploring new technologies.
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
Distributor sales drop 12.7% for the week of Sept. 7-11 due to the Labor Day holiday falling within that time frame, according to the latest Indian River Consulting Group PRI.
Building materials distributor US LBM grows product offering and reach in New England with new branch in Manchester, Connecticut.
The new Stock’d Supply brand offers an entire suite of services from custom precision machined components to MRO to safety products.
The U.S. Census Bureau announced that the combined value of distributive trade sales and manufacturers’ shipments and inventories for July was down 1.2% from last year.
According to the Industrial Production and Capacity Utilization Report, manufacturing output increased 1% during the month; industrial production was still 7.3% below its pre-pandemic February level.
3M reports that sales increased 4% in the Americas and 7% in EMEA (Europe, Middle East and Africa) last month as the company continued its post-pandemic momentum.
Industrial distributor The NEFCO Corp. announced the opening of a new location in Syracuse, New York, to further support and service the professional contractor trades in Central New York
Wholesale distribution finds innovative ways to navigate the COVID-19 pandemic that are remodeling business operations.
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The seasonally adjusted Fastener Distributor Index (FDI) for August was 49.2, down from 54.6 in July.
The industrial distributor MSC Industrial said preliminary fiscal fourth-quarter sales were down 12.7% and fiscal full-year sales were down 5.1%.
Sonepar USA, a Charleston, South Carolina-based subsidiary of Sonepar Group, announced Thursday that Drew Esce has been named president of Capital Electric.
New facility in Toronto replaces the previous AD warehouse that the buying group had used since its merger with IDI in 2019.
The latest IRCG survey shows a nice bump in distributor revenues primarily to due to the five-day week of Aug. 31 to Sept. 4 comping against a four-day week in 2019 that included the Labor Day holiday.
On HD Supply’s earnings call, CEO Joe DeAngelo and CFO Evan Levitt discussed the company’s M&A strategy following the divestiture of its Construction & Industrial – White Cap division. (Hint, it’s only a matter of time before the company is again acquisitive.)
National Association of Wholesaler-Distributors on Wednesday named its replacement for longtime CEO Dirk Van Dongen, who is leaving after 41 years with the organization.
Electrical, plumbing and HVACR distributor Dakota Supply Group (DSG) names Scott Ausnes to its top plumbing role.
Sales in the construction and industrial business — the division that HD Supply is selling to a private equity buyer for $2.9 billion — decreased 11.7% in 2Q.
Industrial distributor Fastenal saw its sales mix continue to return to normal in August, and the company again reduced its total workforce, this time by 7.5%, which is part of a larger industry trend toward omnichannel selling.
Don Chargin, president of Royal Supply Co., on Tuesday announced the creation of his new bearings distribution company, Specialty Bearings.
