MDM reported on 40 acquisitions in April, nearly double the amount reported during a relatively slow period in March.
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The earnings call comes two weeks after Amazon said its Business segment was driving $35 billion in annualized gross sales by end of 2022.
MDM looks at another round of earnings reports from industrial distributors and manufacturers.
The change includes a 0.7% increase from acquisitions, offset by a negative 0.3% impact from foreign currency translation.
Cutting tool consumption totaled $196.9M, according to the U.S. Cutting Tool Institute and The Association For Manufacturing Technology.
Jiangsu Ryan Electrical, a manufacturer of power distribution and sub-transmission transformers, had 2022 revenues of about $100 million.
Boeing Distribution will be the exclusive distributor of approximately 600 actuation and control products.
The combined company will do business under the name Zircon and will be centered on leveraging Zircon’s ASIC processor technology.
TPG has agreed to acquire a majority interest in OneOncology, and AmerisourceBergen will acquire a minority interest in the company.
The company reported a 2% increase in sales over the same quarter in 2022 to a 'record' $1.55 billion.
The tentative deal signals the first significant progress since a pact on healthcare benefits was agreed upon in summer 2022.
The French electrical distributor said total 1Q 2023 sales across the globe increased 12.6% versus the same period last year.
The announcement is part of Lowe's goal of reaching 50% renewable energy for its facilities by 2030, the company said.
The deal marks Bishop's 12th acquisition since 2012 and is the 5th add-on acquisition since Altamont acquired the platform in February 2022.
The award honors members for their commitment to advancing the development and influence of women in the industrial supply channel.
Vogel has spent more than 30 years in the industry, most recently as Vice President of Industrial Sales for Stanley Black & Decker.
Construction executive Andrew Goetz has been named the new President of Wilcon, effective April 17, Winsupply said.
Sonepar selected Microsoft, Publicis Sapient and Hitachi Solutions to help drive the company’s digital innovation in a 'sustainable manner.'
The company said the app will help suppliers and distributors 'grow revenue and strengthen customer relationships through collaboration."
We asked distributors if their gross margin was over- or under-inflated in 2022 thanks to pricing inflation. Here’s what the data says.
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