DXP says the transaction provides it with 'operational and financial flexibility to reinvest in the business and pursue its organic and targeted acquisition growth strategy.'
Posts By Mark Powell
For 3Q 2023, sales in North America were $2.21 billion, an increase of 2.7%, while sales in Europe were $2.38 billion, an increase of 3.4%.
Net sales for 2023's third quarter were nearly $1.16 billion, an increase of $56.8 million, or 5.2%, from 2022 levels.
For 3Q 2023, the company also reported a 9% increase in operating income to a record $257 million.
Sales for Genuine Parts Company's industrial segment were $2.2 billion, up 0.6% from the same period in 2022.
Sunrise Electric Supply joins Sonepar with over 80 associates, according to a news release announcing the deal.
Dan Vermillion will be responsible for developing and implementing strategies aimed at optimizing the operational performance.
Violations included employing one child to operate a forklift — a hazardous occupation for workers under 18 — and tasking another child to pick orders in the warehouse.
White Cap's 20,000-square-foot indoor building space is in addition to 1.5 acres of industrial outdoor storage space.
The group hosted 650 distributor and supplier attendees from nearly 310 companies at its 10th Annual Meeting in Denver.
The proposal was made as part of a consolidation of the group's spherical roller bearing manufacturing to secure competitiveness in Europe.
Industrial production increased 0.3% during the month and advanced at an annual rate of 2.5% in the third quarter.
Joseph E. Creed, Group President of Energy & Transportation, has been appointed to the newly created position of Chief Operating Officer.
FBM's Acquisitions Include A&D Supply, Studs Unlimited, Henrietta Building Supplies and KCI Doors & Hardware.
The company has opened its second U.S. location in Garden City, temporarily located at 2726 W. Jones Ave.
The seventh edition of the charity golf tournament was held at TPC Sawgrass outside of Jacksonville, Florida, on Oct. 11.
The announcement comes about nine months after Kito Corp. and Crosby Group merged.
A recent report from Bloomberg stated that the minority stake of US LBM is valued at approximately $7 billion.
The JanSan supplies company announced Oct. 16 that it has welcomed Eric Royse as its new Chief Executive Officer.
The company said it has agreed to be acquired by ShoreView Industries in an all-cash transaction for $13 per share.
