ERIKS North America president & CEO: Do a better job of promoting opportunities in distribution
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Month also delivers another big building materials purchase rumor.
Acquisition strengthens company's position and broadens product range.
Acquisition extends companys Southeast footprint and industry focus.
Purchase expands Dutch distributor's oil & gas customer base.
Acquisition strengthens ERIKS' presence in France and Germany and expands opportunities in Eastern Europe.
The companies are focused on applications in U.S. and Canada oil and gas.
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Leader is based in Houston, TX, with locations in Baton Rouge, LA, and Slovakia.
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G&H is headquartered in Glasgow, Scotland.
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ERIKS acquires hose and accessories distributor Klaus Technische Grosshandlung GmbH.
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This article is part of an ongoing series looking at The Shifting Competitive Landscape in wholesale distribution. Read this and other articles in the series at www.mdm.com/shiftinglandscape.
Cross-border M&A in wholesale distribution has accelerated in recent years, adding to an increasingly busy competitive landscape. The U.S. market continues to be attractive to Europe-based distributors seeking growth outside of their traditional markets. This article looks at this trend and the impact it has had on the market.
In recent years, Europe-based distributors have accelerated their expansion in the U.S. As a result, local and regional distributors are increasingly facing local competitors backed by resources they did not have access to previously.
“As Thomas Friedman says, the world is truly flat,” says Robert Stolz, who leads Wurth Group’s North American …
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