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M&A volume hasn’t completely returned to pre-COVID volume, but last month saw decent activity and some multibillion-dollar deals, including two in building materials & construction and one involving a distribution ERP provider.
Search Results for: Rexel – Page 7
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Electrical distributor Schaedler Yesco Distribution Inc., Harrisburg, Pennsylvania, announced it has acquired the Pittston, Pennsylvania, and Johnson City, New York, locations owned and operated by Rexel USA.
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Paris, France-based electrical distributor Rexel reported sales for the first quarter of 3.2 billion (US$3.5 billion), down 2.7% from the same period a year ago. On a constant, same-day basis, sales were up 3.3%.
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There are well-known quick fixes an inventory management solution can bring to a distributor, such as cutting back on disappearing products or eliminating user error from incorrectly typed SKUs on a manual tracking spreadsheet. But the data available from inventory management platforms can also present a long-term strategic opportunity in the form of improved demand planning, exposure of costly trends and even visibility into competitors share of customer spend.
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Patrick Davis will work closely with Victor Jury, Jr, executive chairman, through the transition.
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Its earnings season! As quarterly earnings reports continue to trickle in, MDM offers a recap of how the third quarter is shaping up for more than two dozen of the largest distributors and manufacturers.
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MDM’s top news briefs from News briefs from October 11 – October 25, 2019.
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For the first nine months, total group sales were up 3.6%.
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