FPC Distribution, Inc. is a foodservice, dry goods and JanSan distributor serving Maryland and Virginia.
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The current owners will continue to lead the company’s 'dedicated' team under the Washoe banner, SRS says.
The new facility is projected to be fully operational in 2025 and is expected to create 350 new jobs, the company said.
For its full fiscal 2023 year, the company reported net sales of more than $5.3 billion, a 15% increase over fiscal 2023.
Michael Lotfy Gierges joined the company as Senior Vice President of Power Products over North and Central America just over a year ago.
The ceremony was part of the company’s 100-year anniversary, which is being celebrated throughout 2023.
Scott Schuenke discusses Sonepar North America’s growth, evolution and innovation during his 16 years with the company, which culminate with his retirement this month as VP of Strategic Development.
The two are expected to merge operations sometime in 2024 and will operate on a combined basis as Crawford, Sonepar said.
Nine out of 10 manufacturers say they'll increase prices in the second half of this year, according to a new poll.
More than 230 attendees were welcomed at the 2023 AD Electrical Spring Network Meeting in Nashville.
The news comes the same day as the Federal Reserve announces that interest rates will remain unchanged for now.
The index for shelter was the largest contributor to the monthly all items increase, according to the Bureau of Labor Statistics.
L&W Supply is a subsidiary of ABC Supply, which ranked No. 2 on MDM's Top Distributors List for Building Materials/Construction.
The deal enhances capabilities to serve high growth, sustainable end markets including green steel, the company said.
The new jobs include minimum average yearly wages of $53,204, which is above the Lincoln County average of $49,332.
Sales of merchant wholesalers, after adjustment for seasonal variations and trading day differences but not for price changes, were $652.8 billion.
UNFI's net income decreased 89.6% to $7 million, the Providence, Rhode Island-based company said.
The decline followed year-over-year gains of 6% in January, 4% in February and 0.7% in March, HARDI said.
For its fiscal year ended Oct. 31, Hisco had sales in excess of $400 million and adjusted EBITDA of about $29 million.
The company said all team members are eligible to apply to the program, which provides up to $5,250 per year toward a qualifying degree.
