Despite the dip in overall sales for Fastenal, the company reported daily sales were up 2.5% versus a year ago based on strength in safety (35.1% growth).
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
NetPlus Alliance, the Lockport, New York-based North American industrial and contractor supplies buying group, announced Tuesday it will move to a virtual 2020 annual meeting.
The board of directors of MSC Industrial Supply Co. (NYSE: MSM), a Melville, New York-based MRO distributor, has appointed Rudina Seseri to serve as a director.
Year-to-date, the goods and services deficit increased $6.4 billion, or 1.8%, from the same period in 2019.
Distributor sales notched their third-straight increase in the last full week of August, according to the latest Indian River Consulting Group PRI.
FBM expands its presence in the Greater Milwaukee market with the acquisition of independent distributor.
Los Angeles-based MRO master distributor Industrial Valco adds producer of cast and forged steel gate, globe, check and ball valves.
Latest acquisition brings a longtime, family-owned, Baltimore-based business into the Brady Industries portfolio.
Air Liquide’s new investment coincides with a long-term supply agreement to serve Eastman Chemical Co. in the U.S.
Building products distributor expands roofing and siding offering in the Midwest's largest market with new Hines Supply location.
U.S. Census Bureau’s final report on new orders for manufactured goods shows a third consecutive month of growth and second consecutive month of mid-single-digit growth.
Addition of Park Hills, Kentucky-based Applied Machine and Motion Control Inc. will broaden Motion’s offering to customers.
MRO distributor MSC Industrial names Faisal Hussain to e-commerce post as part of plan to “deliver a world-class digital experience for our customers.”
Company’s latest addition is a German mechanical contractor for the medical industry.
As part of the company’s previously disclosed succession plan, Blair is replacing retiring CEO Thomas P. Joyce Jr.
Addition further builds Ingersoll Rand’s technological expertise in peristaltic pumps within the company’s portfolio
Plastics industry executives to focus on driving accelerated sales growth, increased profitability, and M&A integration.
The newly formed AD Safety Network Division will be headed by Marisol Fernandez, who also is president of the buying group’s Industrial and Safety-U.S. Division.
Matrix Capital Markets Group has sold Houston-based Medical Gas Supply LLC, d/b/a Bestway Welding Supply, to American Welding & Gas Inc., an independently owned producer and distributor of industrial, medical and specialty gases.
The August PMI registered 56%, an increase of 1.8% from the July reading of 54.2%— and the fourth consecutive month of expansion.
