The company said it has agreed to be acquired by ShoreView Industries in an all-cash transaction for $13 per share.
Latest In Operations
The decision comes amid the company's push for increased efficiency. However, less than 1% of volume is expected to be impacted.
The acquisition of foodservice equipment distributor DON will add new capabilities and diversified offerings for Sysco customers.
Some global companies have looked to restructure supply chains in an effort to avoid potential dangers caused by the Israel-Hamas conflict.
MiddleGround Capital, which invests in lower middle market industrial B2B and specialty distribution companies, has made Christopher Speight Partner.
Ford said the company couldn't offer more without harming its future prospects after union employees recently expanded UAW's strike.
The $8.2B deal increases Emerson’s end market exposure in discrete markets, which will be Emerson’s second largest industry segment.
The Board of Directors elected Heidi G. Petz to serve as the next Chief Executive Officer, effective Jan. 1, 2024.
The company appointed Anthony P. Broersma as the Executive Vice President-Operations, effective on October 11.
For the third quarter, the company reported more than $1.84 billion in net sales, a 2.4% increase over the same period in 2022.
An inspection initiative has created "significant reductions in the export volumes of different products from Mexico to the United States."
Industrial supplies distributor Ferguson held absolute emissions steady against its increasing revenue in fiscal year 2023.
In Part 1 of a three-part series, Randy MacLean uses government data to explain why labor has become scarce and expensive before outlining action to exploit the opportunity it actually presents.
James Curran will be responsible for providing leadership and growth for the Datacom and Enterprise business.
The company also said it will soon open a new 90,000-square-foot regional distribution center in Lower Burrell, Pennsylvania.
The company said the new facility will complement existing plants and continue its near-shoring efforts to minimize supply chain risk.
The industrial distributor acquired Big Red Fasteners in 2022 as part of its long-term growth initiative.
According to the union president, leadership decided not to strike at a General Motors factory in Texas, but 25,000 workers remain on the picket line.
Acme is a specialized abrasives manufacturer and provider based in Michigan, and is now Tyrolit's 7th manufacturing plant in the U.S.
