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The hardlines wholesaler pledged to support True Value retailers and cited hundreds of them who converted to Orgill in the past several years.
The company promoted a former Advance Electrical Supply owner to drive the company's growth strategy through strategic acquisitions.
Germany-based Ferdinand Gross Group is a distributor of fastening technology, with additional operations in Hungary and Poland.
The PVF distributor plans to repurchase its preferred stock for around $361 million, and shared its preliminary 3Q24 financial results.
The company aims to enhance customer service and create new opportunities for its associates with the consolidation.
The former vice president of the company brings extensive industry expertise and leadership to the family-owned distributor.
The company expands its concrete accessory and paving product offerings in the Michigan market with the deal.
IDCO strengthened its network and offerings with new partnerships in fluid power, industrial hose and marine solutions.
Despite slower order placements compared to those placed in 2023, order activity continues to exceed historical levels.
The company is set to invest nearly $40 million in Jefferson City, TN, creating 80 jobs and establishing its first operations in the state.
