CFOs continue to be optimistic about the economys outlook.
Posts By MDM Staff
In volume terms, wholesale sales increased 0.7 percent from March to April.
Raw Materials Price Index fell 1.8 percent, led by lower prices for crude energy products.
The price index for gross domestic purchases increased 2.5 percent.
Latest acquisition gives roofing distributor five branches in California.
Rossi succeeds Ron De Feo whom the board has appointed executive chairman of the board.
The transaction values Staples at $6.9 billion.
Year-to-date sales increased 5.7 percent year-over-year.
Profit improves 11.1 percent to $82.2 million for the quarter.
Group revenue for the half year is expected to have increased by 7 percent.
Purchase of manufacturer expands Timken's presence in automatic lubrication systems space.
Manufacturer also adding space to garment manufacturing facility in Thomasville, NC.
Acquisitions aims to expand leadership in market-specific ERP for wholesale distribution.
Annualized growth through May is 9.4 percent.
The company has also acquired Master Wholesale Supply of Vernon, NJ.
Acquisition aims to accelerate MFGs growth in adjacent chemistries and new markets.
Index up in June to 118.9, up from 117.6 in May.
The index's three-month moving average, CFNAI-MA3, decreased during the month.
Former HD Supply executive Steven Margolius takes top role at distributor.
