Eric Smith

PPG (NYSE: PPG), Pittsburgh, Pennsylvania, on Monday announced that it has completed its acquisition of Wörwag, a global manufacturer of coatings for industrial and automotive applications. Financial terms of the deal weren’t disclosed. Wörwag develops sustainable liquid, powder and film coatings and operates locations in Germany, the U.S., China, South Africa, Mexico, Spain, Switzerland and Poland, […]

Below is a rundown of how public companies in distribution performed during the third quarter. The list includes companies across a variety of verticals and includes some manufacturers pertinent to this space. Click the company name for more details on their quarterly earnings, including year-to-date performance. Also of note: The following companies were sold in […]

Below is a rundown of how public companies in distribution performed during the third quarter. The list includes companies across a variety of verticals and includes some manufacturers pertinent to this space. Click the company name for more details on their quarterly earnings, including year-to-date performance. Also of note: The following companies were sold in […]

Total industrial production ticked up 0.7% in March, according to the Industrial Production and Capacity Utilization Report, released Friday by the Federal Reserve. The indexes for mining and utilities increased 0.7% and 2.6%, respectively; the index for manufacturing rose 0.4% despite a drop in motor vehicle assemblies that principally resulted from shortages of semiconductors. At […]

Is a headless or full-stack e-commerce solution the right one for your business? If you have no clue — and especially if you don’t even understand what those terms mean — then it’s time to watch the latest “un-webinar” from MasterB2B. MasterB2B is the brainchild of Andy Hoar, CEO of Paradigm B2B, and Brian Beck, […]

The seasonally adjusted Fastener Distributor Index (FDI) for April was 58.7, down from 66 in March, according to the latest analysis from Baird, FCH Sourcing Network and the Institute for Supply Management. Dave Manthey of Baird said the moderation was “due to supply chain constraints that inhibited growth,” adding that the conditions favor Fastenal. “We […]

Swedish industrial manufacturer Atlas Copco on Tuesday announced it has acquired MidState Air Compressor, a Berlin, Connecticut-based distributor of compressors. Financial terms of the deal weren’t disclosed. MidState Air Compressor has 15 employees and covers markets in Connecticut, Rhode Island and Massachusetts. “MidState Air Compressor has a strong reputation and a large, loyal customer base, […]

Watsco, Inc. (NYSE: WSO), Miami, on Tuesday announced it has acquired Acme Refrigeration, a Baton Rouge, Louisiana-based HVACR distributor. Financial terms of the deal weren’t disclosed. Founded in 1945, Acme offers approximately 7,000 SKUs to more than 4,000 active customers throughout 18 locations in Louisiana and Mississippi. The company, which is led by third- and […]

SiteOne Landscape Supply Inc. (NYSE: SITE), Roswell, Georgia, this week announced it has acquired Rock & Block Hardscape Supply, which serves the San Diego, Southern Orange County and Inland Empire markets in California through two locations. Financial terms of the deal weren’t disclosed. “Rock & Block is a true market leader and a great fit […]

Building materials distributor SRS Distribution Inc., McKinney, Texas, announced it has acquired Arrowhead Building Supply, a St. Peters, Missouri-based distributor of residential and commercial roofing, siding, and other related products. Financial terms of the deal weren’t disclosed. Founded in 1997 by Steve Schulte, Jerry Pogue, and Larry Saxe, Arrowhead is still run today by Pogue […]

Builders FirstSource Inc. (Nasdaq: BLDR), Dallas, announced it has acquired Michigan-based distributor John’s Lumber. The company operates two locations serving the greater Detroit metropolitan statistical area. Financial terms of the deal weren’t disclosed. Founded by Roy Aggeler in 1947, John’s Lumber is a supplier of lumber and sheet goods, windows, doors, millwork, siding, decking, kitchen […]

To continue reading this article you must be a paid subscriber. Subscribe to MDM Already Subscribed? Click here to log-in | Forgot your password? • Thanks to high-profile news stories like a container ship getting stuck in the mud outside the Suez Canal and slowing the movement of goods around the globe, the term “supply […]

To continue reading this article you must be a paid subscriber. Subscribe to MDM Already Subscribed? Click here to log-in | Forgot your password? • COVID-19 took a toll on all industries, but building materials and construction were among the sectors that did well during the pandemic. • Because of the sector’s resilience, consolidation saw […]

To continue reading this article you must be a paid subscriber. Subscribe to MDM Already Subscribed? Click here to log-in | Forgot your password? • COVID-19 took a toll on all industries, but building materials and construction were among the sectors that did well during the pandemic. • Because of the sector’s resilience, consolidation saw […]

MRO and industrial distributor DXP Enterprises Inc. (NASDAQ: DXPE), Houston, reported first-quarter sales of $245.6 million, down 18.4% compared to the first quarter of 2020. The company reported a profit of $0.3 million, down from a profit of $5.6 million in the year-ago period. “As we look ahead to the rest of 2021, we remain optimistic that […]

Anixter is the gift that keeps on giving for WESCO International Inc. (NYSE: WCC), Pittsburgh, Pennsylvania. The electrical distribution giant rode its 2020 acquisition of Anixter to first-quarter sales of $4 billion, doubling its revenue from the same period a year ago. On a pro-forma basis, WESCO sales grew 3.2% in the period. The company […]

Specialty building materials distributor PrimeSource Building Products Inc., Irving, Texas, a platform company of Clearlake Capital Group LP, this week announced it has agreed to acquire NWI Enterprises. Nationwide, as it’s known, is a Tampa, Florida-based provider of branded specialty hardware for outdoor residential applications including fence and gate hardware, railing systems and perimeter security. […]

Hillenbrand Inc. (NYSE: HI), a global diversified industrial company that makes and sells premium business-to-business products and services for a wide variety of industries, reported sales for the fiscal second quarter of $722.3 million, up 11.3% compared to the prior year. The company reported a profit of $78.1 million, up from a loss of $74 million a […]

Owens & Minor Inc. (NYSE: OMI), Richmond, Virginia, reported sales for the first quarter of $2.3 billion, up 9.6% year-over-year. The company reported a profit for the quarter of $69.6 million, compared to a loss of $11.3 million the previous year’s quarter. The post Owens & Minor Sales Up 9.6% in 1Q appeared first on Modern […]

Owens & Minor Inc. (NYSE: OMI), Richmond, Virginia, reported sales for the first quarter of $2.3 billion, up 9.6% year-over-year. The company reported a profit for the quarter of $69.6 million, compared to a loss of $11.3 million the previous year’s quarter. The post Owens & Minor Sales Up 9.6% in 1Q appeared first on Modern […]