The company announced that President and CEO Jay Geldmacher will retire in 2025 as the company prepares for CEO succession.
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Sterling Heights, MI-based D.F. Burnham is a distributor of hydraulic and pneumatic components.
The company cited a persistent “broader ecosystem inventory correction” causing a challenging market.
Sales in both its Electronic Components and Farnell business units declined by double digits.
The company enhanced its offerings across its business and marketplace with the addition of new products and supplier partnerships.
The company appointed a 25-year industry veteran to the newly-created role.
Massachusetts-based ConRes is a distributor of test and measurement equipment as well as industrial assembly supplies and tool kits.
The company will also have a new CEO once the deal is completed in late 2025.
Sales sequentially decelerated in 4Q during what the company cited as challenging market conditions.
Avent introduces a new product brand, and Tria Technologies, a business unit aimed at consolidating compute design and manufacturing.
With 30 years of experience in the semiconductor industry, Rebeca Obregon was tapped to lead the electronics components distributor Farnell.
Honeywell says CAES will enhance its defense tech solutions across land, sea, air and space, including new electromagnetic defense solutions.
Thermal Technology Distribution Solutions expands its footprint in the mid-Atlantic and increases its heat trace and engineering offerings.
The acquisition of SWHC marks the third deal in TTDS history as it builds out its thermal management solutions.
Ahead of Resideo's major acquisition of Snap One that will signficantly expand ADI, the unit saw 1Q volume declines in several categories.
Sales sequentially decelerated further amid what the company cited as economic softness and lower market demand.
The deal was originally announced on September 14, 2023.
Snap One - a manufacturer and distributor of of smart-living products and services - will be integrated into Resideo's ADI Global Distribution unit.
ArrowSphere platform now provides channel partners and vendors access to Arrow’s services through a single interface.
Airline Hydraulics has grown its East Coast territory as a distributor of industrial automation products manufactured by Phoenix Contact.
