The January PMI registered 57.6%, a decrease of 1.2 percentage points from the seasonally adjusted December reading of 58.8%.
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The St. Louis-based electrical, communications and data networking distributor says Richard S. King has been named to the new role.
The supplier of commercial supplies, equipment, consumables and expertise to specialty contractors announced the acquisition this week.
The Philadelphia-based global hygiene and health company acquired a U.S.-based cleaning and wiping company and manufacturer.
With the deal, the food service and JanSan distributor’s annual revenues are now expected to exceed $1 billion.
Annualized growth rate of 9.8% capped a strong 2021 for industrial distribution channels, according to MDM’s latest MarketPulse report.
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But nonresidential construction spending fell 0.7%, according to an Associated Builders and Contractors data analysis.
SBP Holdings completed the sale of Bishop Lifting Products, a group of value-added distributors of lifting products and specialty rental equipment.
Heating, Air-conditioning & Refrigeration Distributors International says average annual sales growth for the 12 months ending in December is 23.6%.
The home improvement retailer says Edward "Ted" Decker has been named CEO and president, effective March 1.
The distributor of heating, ventilation, air conditioning and refrigeration products announced earlier this month it had closed the purchase.
Owens & Minor agreed to acquire Apria for an equity value of about $1.45 billion, just one week after Motion Industries completed its $1.3-billion purchase of Kaman Distribution Group.
The company reported 2021 fourth-quarter net sales increased 15.3% over the same period in 2020.
The worldwide construction equipment manufacturer also reported 2021 fourth-quarter sales were up 23% over the same period a year prior.
The U.S. economy grew in the fourth quarter, but investment in nonresidential structures decreased at an annual rate of 11.4%.
The automation company reported $1.857 billion in sales for its fiscal 2022 first quarter, 18.7% above the same period a year prior.
The Ohio-based distributor reported fiscal 2022 second-quarter net sales of $876.9 million and a net income of $57 million.
Real GDP increased at an annual rate of 6.9% in the fourth quarter of 2021, according to the Bureau of Economic Analysis.
The company’s 2022 fiscal second-quarter sales were $5.9 billion, up from $4.7 billion the year before and ‘exceeding guidance.’
The New Jersey-based full-line supplier has acquired State Industrial Supply Company, an industrial distributor headquartered in Seymour.
