The 12 candidates, all current Grainger board members, will be voted on at the 2024 annual meeting of shareholders.
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Ownership of Grand Rapids, MI-based surface enhancement solution distributor SurfacePrep is switching hands after tripling in size.
The Power Transmission Distributors Association added a bearings distributor, a manufacturer and an associate to its membership.
Gary Michel fills a vacancy on Global Industrial's board left by Thomas Suozzi, who resigned after being elected to the U.S. House.
Building Materials Distribution sales improved 3% year-over-year during 4Q, a stark improvement from a 15% decline in 3Q.
A decrease in BlueLinx's 4Q23 sales reflects a decline in specialty and structural product sales, primarily driven by price deflation.
In 2023, the distributor paid down $160 million of debt and reduced inventory by $100 million while maintaining fill rates above 94%.
Atlanta-based packaging distributor Veritiv added Vivabox Solutions to bolster its existing kitting and assembly capabilities.
Texas A&M University will offer one STAFDA member a scholarship towards earning their master's degree in industrial distribution.
CEO Ted Decker noted that 2023 was "a year of moderation" for the DIY and contractor supply retail giant.
Steven Leavengood will lead supply chain consulting firm Tompkins' business development and sales team.
F.W. Webb's new 43,000 sq. ft. facility adds capacity and provides a comprehensive selection of water works and industrial components.
It marks the first transaction for Motion since its landmark $1.2 billion buy of Kaman Distribution Group at the start of 2022.
For the sixth consecutive year, an intersection in New Jersey topped the list as the worst truck bottleneck in the U.S.
After a strong start to 2023, shipments of cutting tools weakened in the last quarter of the year, falling 7.3% in December year-over-year.
The company has added like foodservice distributors that serve the greater Nashville area and central California.
The industrial LED lighting manufacturer also reported that its 2023 annual revenue fell 12%.
Our 4Q23 M&A report recaps the year that was 2023 in distribution dealmaking alongside a full rundown of every deal we covered in October-December, the latest EBITDA trading multiples and more.
The pumps and pumping equipment maker saw organic revenue growth slow to 4% in 4Q23, while full-year revenue increased 16% vs. 2022.
Research from Colliers found that lease rates reached $9.72 per square foot last year despite supply far outpacing occupancy.