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Breaking news in Wholesale Distribution
Elliot Investment urged the company to split into two separate entities, claiming the separation could significantly boost share prices.
The company announced that President and CEO Jay Geldmacher will retire in 2025 as the company prepares for CEO succession.
Hills Distribution is a newly formed parent company focused on expanding plumbing and HVAC investments in the U.S. Northeast.
TOOFast Supply is a supplier of professional grade tools and fasteners serving the industrial, agricultural and residential markets.
To help find and source new investments, the private investment firm adds the CEO Anixter had at the time it merged with Wesco.
September orders expectedly had a boost from the biennial IMTS event, but less than usual.
DXP expands its reach in the water treatment and vacuum pump markets, with both acquisitions enhancing its product offerings.
September inventories were down 0.2% from August, and down year-over-year.
The new SVP of sales will leverage his 27 years of industry experience to lead the company’s sales strategy.
Operating profit likewise decreased in the Americas segment year-over-year amid competitive pricing pressures.
