U.S. unemployment rose to 4.3% in July, higher than a year earlier when unemployment was at 3.5%.
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The acquisition of Mexico-based Auge is set to enhance Lamons' ability to meet market demands across a regionally-focused supply chain.
Singer Industrial expands its footprint in North America to more than 100 locations with over 1,500 employees.
It was the second straight monthly decrease after May orders fell 0.5%.
HARDI reports a revenue increase for distributors in June, despite fewer billing days compared to last year.
It's MCE's 14th bolt-on since the start of 2023.
US LBM now runs 18 locations in Florida including this latest acquisition.
Beacon said pricing and organic volumes drove about 3% combined sales growth during the quarter.
It completes a years-long corporate transition for the distributor of plumbing, HVACR, PVF and industrial supplies.
Missing economists' expectations, June was dragged down by both public and private construction.
Rexel reported sales in North America remained flat with some improvement, offset by challenging market activity in Europe.
It’s the latest economic indicator that demand remains subdued in the U.S. manufacturing sector.
The company said customer destocking and the delay of capital projects clearly impacted its 2Q results.
Membership growth for the contractor and industrial supplies buying group has outpaced the impact of consolidation, AD CEO Bill Weisberg said.
Star Stainless will stock and supply BUMAX stainless steel products to fastener distribution and industrial suppliers across the U.S.
The beverage alcohol distributor is set to add Horizon Beverage Group alongside numrous ongoing sales, digital and supply chain investments.
Romy O’Daniel now leads the distributor after roles at Crescent Electric, HD Supply and Grainger.
Fed Chair Jerome Powell noted a long-awaited rate cut could happen as soon as mid-September, but was far from committal.
See who Kodiak has promoted to succeed current CIO Brad Becker upon his retirement at the end of the year.
Q2 growth driven by DEWALT, Outdoor Products and Engineered Fastening was offset by SBD's divested Infrastructure segment earlier this year.
