New roles and will help oversee projected top line growth and expansion.
Latest In Wurth Group
The group reports strong growth in Southern Europe and in Germany.
Acquisition expands companys presence in the Southeast and Central Mexico.
Divestiture follows sale of Latin American operations last year.
Acquisition expands companys presence in the Midwest.
Acquisition is first step to enter safety market.
Würth plans to double its U.S. presence by 2020.
Appointments will support growth of Wurth Service Supply’s core business.
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The move will allow the business unit to better manage inventory.
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The group enjoyed an upward wind in North America.
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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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Local markets require unique knowledge and service capabilities to compete effectively.
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