After three quarters in fiscal 2023, the bearings manufacturer has surpassed $1 billion in net sales, according to an earnings announcement.
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For the first six months of its 2023 fiscal year, net sales increased 23% over the same period in FY 2022 to $28.6 billion.
MDM looks at another round of earnings reports from industrial distributors and manufacturers.
Duro-Last reported net sales of $540 million in a 'highly profitable' North America roofing market, Holcim said.
A rebrand will include enhanced marketing, developing a sales team and modernizing the website, ERP and CRM infrastructure.
Warren Noble, Vice President of Supplier Development, will retire March 31. James Rodgers has been appointed to the role.
The combination creates a 'premier regional platform' serving Utah, Colorado, Arizona and Idaho, Shorehill Capital said.
The deal — originally announced in November 2022 — allows for the unit to go forward operating as RONA Inc.
Michael Pastore will lead all manufacturing, quality, supply chain, EHS and customer service activities at ERIKS North America.
Jeffrey Dice, current President of Winsupply Equity Group, will replace John McKenzie, who is retiring Feb. 28.
The company's sales growth flattened to end the year, while full-year sales grew by a modest 3%, according to Honeywell.
Matco-Norca will continue to operate separately as a wholly-owned subsidiary of NIBCO INC., according to a news release.
The distributor of foodservice packaging and janitorial supplies serves the greater Fresno market in central California.
Robert (Bob) Buttermore will be named Senior Vice President and Chief Supply Chain Officer, effective Feb. 13.
Timken's latest M&A deal comes just two days after the company reached an agreement to acquire Nadella Group.
The toolmaker reported full-year 2022 revenues of $16.9 Billion, an 11% increase over the prior-year total.
Construction job openings also increased by 82,000 in December, according to an Associated Builders and Contractors analysis.
Jason Seger, the current President, will become President and CEO on April 1, 2024, the company said.
The pace of M&A activity accelerated in January, as industrial distributors and manufacturers reported four-dozen deals to start the year.
This new full-line catalog features more than 47,000 products specifically selected for Maintenance, Repair, Operations customers.
