Building materials distributor says acquisition will help it expand throughout Maryland, Northern Virginia and the Washington, D.C. area.
Posts By Mark Powell
Industrial distributor’s 2021 3Q sales were $3.4 billion, while the company posted operating earnings of $438 million.
The global distributor reported 3Q net sales increased 15% to $110.8 billion in the third quarter, compared with $96.1 billion in 2020.
The company’s 2022 fiscal 1Q sales were $5.6 billion, up more than $400 million from the previous quarter and 18.2% year over year.
Provider of mission-critical flow creation and industrial solutions has struck a deal to acquire Air Dimensions for an all-cash purchase.
The 2021 3Q data reflects increases in private inventory investment, personal consumption expenditures and government spending.
Lawson Products reported $105.6 million in sales for 2021 3Q and $315.7 million in sales for the first nine months of the year.
Average annual sales growth for 12 months through Sept. was 19.6% for Heating, Air-conditioning & Refrigeration Distributors International.
The farm equipment manufacturer and distributor reported 2021 third-quarter sales at $2.7 billion, a 9.1% increase over 2020.
The Swedish industrial manufacturer has agreed to acquire HHV Pumps Pvt. Ltd, a leading provider of vacuum pumps in India.
In its fiscal first-quarter report, Applied Industrial Technologies reported more than $891 million in sales, a 19.2% increase over last year.
PTDA honors Pamela Kan as the newest Warren Pike Award winner for lifetime achievement in the power transmission/motion control industry.
3Q report for London-based water treatment and sustainability provider shows sales of $969 million, up 21% from last year.
The company says sales for the third quarter of 2021 were SEK 20.1 billion (US$2.3 billion), 8.3% over the same period in 2020.
The company’s net sales for the third quarter of 2021 totaled $2.31 billion, a 23.2% increase compared to the same period in 2020.
The international distributor says its business model has delivered ‘strong overall growth against a background of continuing pandemic-related challenges.’
Each of 3M’s divisions had strong showings in the third quarter of 2021, with safety and industrial sales up 7.2% over 2020.
Due to declines in production-related indicators, the Chicago Fed National Activity Index decreased to -0.13 in Sept. from +0.05 in Aug.
Ohio-based buying group says it has added 14 new distribution members and 9 suppliers from the U.S. and Canada this year.
Dallas-based vendor acquires interest in Chicago-based sales agency in a move both companies say will continue growth.
