David Bersaglini joins the company after leading Emerson spin-off Copeland's Global Refrigeration unit.
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The company's U.S. sales fell 7% year-over-year during 2Q.
ABC establishes the company’s first location in L.A. and the tenth in the surrounding region.
Distribution segment volume, price and M&A each increased year-over-year, though volume was less than anticipated.
Beacon has made nine acquisitions so far in 2024.
Year-over-year sales declined by 1.6% after an increase in 1Q sales and organic growth.
Hilman promotes John Micheal Adinolfi to CEO, effective Jan. 1 of next year.
Growth continued to slide across all geographies, product segments and customer end markets.
Ryerson expands its footprint in the New England region.
Net profit declined in 2Q, which the company partly attributed to its ongoing strategic transformation project.
Timken expands further into the automation and robotic solutions field, after acquiring Cone Drive in 2018, Spinea in 2022 and CGI in 2024.
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.
While anecdotal evidence points to industry improvement in hiring and retention, we polled hundreds of distributors about their turnover rate over the past year across leadership/management and frontline roles.
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.
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.
Weaker than expected industrial demand certainly hasn't dampened the industry's appetite for M&A dealmaking, as MDM's reporting has shown.
