The replacement tires supplier secured a $250 million financing agreement with a lender group to support its restructuring efforts.
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The company reported a slight increase in sales to $1.1 billion, driven by acquisitions, offset by mixed demand trends.
Although sales decreased, the full-year gross margin increased by 70 basis points compared to the previous year, reaching 41.2%.
NEFCO strengthens its Texas presence with the acquisition and expands to 43 branch locations in the U.S.
The IMF projects a decrease in global inflation while predicting slower 2025 economic growth in the U.S. and other regions.
HCI has formed Driven Distribution Group via acquiring Chicago Parts & Sounds, a distributor of auto parts and accessories.
Southern California-based Triumph Geo-Synthetics is a geosynthetics and erosion control solutions distributor.
The company’s 3Q results showed stronger unit sales and digital growth, despite slight decreases in gross and operating margins.
The new executive will oversee supply chain, manufacturing and operations at the PPE, safety and tools maker.
PTDA and BSA expanded PIE, a product information platform for industrial manufacturers and distributors, to 32 offerings.
3M reported a 1.0% year-over-year increase in organic growth.
The appointments are aimed at driving growth and transformation within the company through strong leadership, effective Jan. 1.
Rexel posted modest U.S. sales growth, reflecting strong performance in core electrical distribution despite weather-related challenges.
Freshwater Farms is a distributor of hardscapes, bulk materials and nursery products.
Year-over-year sales and profit continued to slide at Motion, reflecting challenges in the industrial sector.
Chem Arrow is a California-based supplier of lubricants to the HVAC market.
The tentative agreement omits a traditional pension plan while Boeing contends with workforce reductions and financial restructuring.
The report shows a decline in housing units and starts, despite a slight increase in single-family authorizations.
PTDA strengthened its support for distributors in the power transmission sector with the addition of ComInTec, UNIMEC and BearingBank.
SuplpyOne expands its presence in the Southeast U.S. with the acquisition of Alabama-based supplier of corrugated boxes and displays.
