Texas-based building materials distributor expands into California and Arizona with addition of San Jose-based company and its three branches.
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
First PRI increase in more than a month likely tied to calendar anomaly, but any weekly improvement is a good sign for distribution industry.
Pilla will be responsible for supply chain operations and performance and will report to John Stauch, Pentair president and CEO.
Industrial distributor’s sales decline 3% in the first nine months compared to year-ago period while profit dips 2.4 percent YTD.
Mergers and acquisitions among distributors and manufacturers picked up last month after an especially slow April and May, due to concerns over the coronavirus.
Overall growth in real GDP slowed in the first quarter from the fourth quarter of 2019 according to the U.S. Bureau of Economic Analysis.
Mark Ganucheau will join the Houston, Texas-based electrical distributor’s executive team and head its finance department.
Building materials distributor announces Monday that Robyn Pollina will succeed retiring CEO Ron Calhoun effective Aug. 1.
The 11.4% decline is the third in a row after a rare uptick in late May, according to the latest PRI from Indian River Consulting Group.
Meridian Adhesives Group, Dalton, Georgia, on Thursday announced the acquisition of E-Chem, Albuquerque, New Mexico.
Swiss electrical manufacturer sold 80.1 percent of its Power Grids business to Hitachi in a deal valued at $7.6 billion to $7.8 billion.
The June PMI registered 52.6%, an increase of 9.5% from the May reading — and the second consecutive month of expansion.
The average annual sales growth for the 12 months through May 2020 is 0.4%.
WESCO International Inc.’s $4.5 billion acquisition of Anixter International Inc. will have repercussions across all distribution channels — not just electrical — according to the panel on last week’s MDM Live.
