The distributor saw healthy 4Q organic growth, too, with comparable sales up 5.1% excluding GIC's May 2023 acqusition of Indoff.
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Wisconsin-based Jorgenson Conveyor and Filtration Solutions will join Innovance's lineup of industrial machine manufacturers.
With the addition of Carlstar, Titan diversifies its wheel and tire portfolio and expands its manufacturing and distribution footprint.
Los Angeles-based Progressive had 2023 annual sales of more than $400 million.
The specialty building products distributor saw gross margin improve 40 bps year-over-year, though EBITDA fell by a larger margin.
As distribution increasingly becomes the focus of state regulation and legislation, HARDI expands its advocacy efforts into state affairs.
The addition of Fort Worth, TX-based ePicker will boost Big Lift's lithium-powered material handling and forklift offering.
Strategically located, the new 8,000 sq. ft. warehouse and office space will streamline Bartlett Bearing's distribution network.
As part of its expansion plans in California, building materials supplier 84 Lumber acquire West Coast Lumber's production yard business.
Jim Thivierge will oversee NSI Industries' Building Technology Division unit operations in California, Ohio and Pennsylvania.
Acquisitions and greenfields powered strong volume growth, and the distributor bolted-on its second company in 2024.
From its modest origins in 1934, MRO distributor Martin Supply has expanded its footprint to encompass 48 distribution centers and sites.
A pull-back in DIY spending, flat Pro customer sales and unfavorable January winter weather impacted Lowe's comparable sales numbers.
Dragged down by building materials and supplies, it followed a 0.3% increase in December.
Driven by a sharp decline in commercial aircraft orders, it was the sharpest one-month drop since April 2020’s 19.3%.
Thirty-three major work stoppages began in 2023, the most since 2000 when there were 39, according to the U.S. Bureau of Labor Statistics.
The AI-powered platform is designed for distribution and manufacturing firms to streamline their returns, repairs and warranties management.
The company agreed to 19 acquisitions during 2023, respresenting a total investment of $593 million.
However, the year-over-year sales declines improved throughout the year and were down only 4.7% in the fourth quarter.
The 12 candidates, all current Grainger board members, will be voted on at the 2024 annual meeting of shareholders.
