MDM this year has hosted an array of guests from across the distribution industry, and many of them have reflected similar outlooks: Challenges may persist, but companies are eyeing realistic paths to growth.
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The Fastener Distributor Index recovered in February to 56.0, rebounding after January’s seasonal-adjustment-driven downtick.
The Ohio-based industrial supplier has named Gautham Jayaraman its chief information officer and senior director of business intelligence.
Solve Industrial Motion Group is expanding its executive leadership team by adding Jim Taylor as chief information officer.
The MRO Distributor has promoted Jon Tart to vice president of the company’s Southeast Group.
The company reported nearly $531 million in net sales last month, compared to $437.7 million in February 2021.
The electrical and industrial distributor topped its market in 11 countries and registered roughly a million order lines per day.
DXP Enterprises, Inc. says it has completed acquisitions of Drydon Equipment, Inc. and Burlingame Engineers.
The London-based water treatment and sustainability provider says it reached a deal to acquire the provider of commercial icemakers.
SaaS provider Descartes Systems Group reported fiscal-year total revenues of $424.7 million, above prior-year revenues of $348.7 million.
Members report another strong month compared to the same period in 2021, but most respondents say sales were down from December.
Year-end reports of publicly traded distributors support Q4 Baird-MDM Quarterly Industrial Distribution Survey results. Public company commentary remains optimistic for strong year.
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The Wyoming-based company is expected to operate within Dakota Fluid Power, the fluid power/automation platform for SBP Holdings.
The distributor also reported that 2021 year-end net sales increased 18.4% to $937.8 million, compared to $792.3 million in 2020.
The manufacturer of engineered and applied products reported 4Q and 2021 sales increased by 11.1% and 11.3%, respectively.
Heating, Air-conditioning & Refrigeration Distributors International says average annual growth for the 12 months ending in January is 25%.
The distributor’s 2021 yearly net sales reached nearly $20 billion, while fourth-quarter net sales reached $4.6 billion.
The Michigan-based manufacturer of engineered and applied products says Intertech will immediately become part of TriMas Packaging.
The specialist international distributor says 2021 revenues increased 7.1% over 2020 when considering growth at constant exchange.
The door manufacturer and distributor says it has entered into an accelerated share repurchase agreement with Morgan Stanley & Co. LLC.
