The report shows a decline in housing units and starts, despite a slight increase in single-family authorizations.
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PTDA strengthened its support for distributors in the power transmission sector with the addition of ComInTec, UNIMEC and BearingBank.
Following statements from Orgill and the Hardlines Distribution Alliance, Do it Best reassured True Value retailers of its commitment to stability and support.
The company appointed a 25-year industry veteran to the newly-created role.
Following a solid August gain, September saw a decrease in production, driven by decreases in manufacturing, mining and utilities.
The company appointed a new President for its North Division, effective Jan.1, as the current president transitions to Executive VP and CCO.
The new Americas leader is a 28-year Rockwell veteran.
U.S. cutting tool consumption hit $209.3 million in August 2024 amid ongoing market challenges and uncertainty for 2025.
The company promoted a former Advance Electrical Supply owner to drive the company's growth strategy through strategic acquisitions.
Germany-based Ferdinand Gross Group is a distributor of fastening technology, with additional operations in Hungary and Poland.
The PVF distributor plans to repurchase its preferred stock for around $361 million, and shared its preliminary 3Q24 financial results.
The company aims to enhance customer service and create new opportunities for its associates with the consolidation.
The former vice president of the company brings extensive industry expertise and leadership to the family-owned distributor.
The company expands its concrete accessory and paving product offerings in the Michigan market with the deal.
IDCO strengthened its network and offerings with new partnerships in fluid power, industrial hose and marine solutions.
Despite slower order placements compared to those placed in 2023, order activity continues to exceed historical levels.
The company is set to invest nearly $40 million in Jefferson City, TN, creating 80 jobs and establishing its first operations in the state.
It would join United Hardware as another major acquisition for Do it Best this year.
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It extends what has already been a decade-long relationship, helping Kodaris enhance and scale its suite of enterprise features.
The company enhanced its distribution network in the industrial and specialty gases sector with acquisitions in July, September and October.
