From a fireside session at MDM’s 2024 SHIFT Conference, we glean insights from Stellar Industrial Supply CEO John Wiborg about the distributor’s constant drive toward win-win solutions for customers and suppliers.
Industry News
Overall, the deal effectively doubles the size of Do it Best's membership.
ABC reported increases in all three subcategories: natural gas, unprocessed energy materials and crude petroleum.
Michigan-based HECO expands its electric motor sales across Michigan, Ohio, Pennsylvania and Kentucky with the acquisition.
Consumption decreased month-to-month, following a healthy gain in August.
Colorado-based Summit Materials is a supplier of construction materials such as ready-mix concrete and asphalt.
PIP is set to expand its global footprint with the acquisition, adding 20 manufacturing sites and 17 distribution centers worldwide.
Walters acquired Desert Electrical Supply and Pomona Wholesale, expanding its Southern California presence with over 33 locations.
CORUS is a distributor of industrial fastening solutions and pneumatic tools, serving industries across the Northeast and Mid-Atlantic U.S.
Inventories decelerated from identical increases of the previous three months, while sales had a modest acceleration.
The company agreed to acquire ADSG for $1.1 billion and acquired a majority stake in GIA for $2.8 billion.
The investment will expand Continuum’s platform, streamlining returns, warranties and repairs for B2B distributors and manufacturers.
The industry veteran will oversee product launches and lead marketing communications and brand efforts for the company.
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