Free 2024 Mobile Engagement Guidebook for Distributors

Eric Smith

Amazon Expands in Detroit

Amazon Expands in Detroit

Amazon.com Inc. (NASDAQ: AMZN), Seattle, Washington, on Monday announced it is investing in the metro Detroit area with five new buildings that should create more than 2,000 permanent full- and part-time jobs. “We’re excited to be expanding our network to better serve our customers in the great city of Detroit,” said Alicia Boler Davis, Amazon’s vice president of […]

Global Industrial Unveils New Brand Identity

Global Industrial Unveils New Brand Identity

Global Industrial, Port Washington, New York, a national distributor of industrial products and MRO supplies, and a subsidiary of Systemax Inc. (NYSE:SYX), on Monday announced the launch of a new brand identity that the company says “honors our 70-plus year history, reflects our commitment to customers, partners and employees, and aligns with our strategic direction.” […]

Pandemic Drives ACR Supply’s Strategic and Structural Business Shift

Pandemic Drives ACR Supply’s Strategic and Structural Business Shift

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 has been disruptive, to say the least, but it has also allowed companies the opportunity to rethink their operation. Count HVACR distributor ACR Supply, Durham, North Carolina, among those who […]

Heritage Landscape Supply Acquires Ohio Distributor

Heritage Landscape Supply Acquires Ohio Distributor

Landscape distributor Heritage Landscape Supply Group Inc., a McKinney, Texas-based subsidiary of SRS Distribution, on Friday announced it has acquired Wolf Creek Co., Trotwood, Ohio, a family-owned distributor of irrigation, outdoor lighting and other landscape products. Financial terms of the deal weren’t disclosed. Founded in 1961, Wolf Creek is currently led by second-generation family members […]

Wholesale Trade Sales Down 0.2% in November

Wholesale Trade Sales Down 0.2% in November

Wholesale trade dipped slightly in November compared to the same month a year ago but improved compared with October, according to the latest report from the U.S. Census Bureau. November 2020 sales of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations and trading day differences but not for price changes, […]

Fastener Distributor Index Up in December

Fastener Distributor Index Up in December

The seasonally adjusted Fastener Distributor Index (FDI) for December was 62.6, up from 54.5 in November, according to the latest analysis from Baird, FCH Sourcing Network and the Institute for Supply Management. The Forward-Looking Indicator (FLI) also improved, to 65.7 from 63.2. According to the report, the FLI “implies additional expansionary readings in the months […]

Motion Industries Breaks Ground on New Facility

Motion Industries Breaks Ground on New Facility

Motion Industries Inc., Birmingham, Alabama, a distributor of maintenance, repair, and operation replacement parts and a wholly owned subsidiary of Genuine Parts Co., this week announced a groundbreaking ceremony for its planned shop facility in Irondale, Alabama. In attendance were Randy Breaux, president, and Joe Limbaugh, SVP distribution, inventory and operations Support, along with Irondale’s […]

Houston Wire & Cable Completes Sale of Southern Wire

Houston Wire & Cable Completes Sale of Southern Wire

Houston Wire & Cable Co. (Nasdaq: HWCC), Houston, Texas, on Thursday announced that it has completed the sale of its Southern Wire business, an Olive Branch, Mississippi-based wholesale distributor of wire rope and rigging products, to Southern Rigging Companies for $20 million. The sale closed on Dec. 31, 2020, and HWCC used the net proceeds of […]

Goods and Services Deficit Up in November

Goods and Services Deficit Up in November

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis on Thursday announced that the goods and services deficit was $68.1 billion in November, up $5 billion from $63.1 billion in October, revised. November exports were $184.2 billion, $2.2 billion more than October exports. November imports were $252.3 billion, $7.2 billion more than October imports. The […]

Atlas Copco Completes Acquisition of Ehrler & Beck

Atlas Copco Completes Acquisition of Ehrler & Beck

Stockholm, Sweden-based manufacturer Atlas Copco on Thursday said it has completed its acquisition of Ehrler & Beck GmbH, originally announced on Nov. 4, 2020. Based in Renningen, Germany, Ehrler & Beck has 15 employees and operates a sales and service network in Germany and neighboring countries. Ehrler and Beck will become part of Atlas Copco’s Industrial […]

SiteOne Landscape Supply Acquires Stone Center of Virginia

SiteOne Landscape Supply Acquires Stone Center of Virginia

SiteOne Landscape Supply Inc. (NYSE: SITE), Roswell, Georgia, on Wednesday announced that it has acquired Stone Center of Richmond LLC and Stone Center of Fredericksburg LLC — known collectively Stone Center of Virginia — effective Dec. 31, 2020. Financial terms of the deal weren’t disclosed. Stone Center of Virginia serves the Richmond and Fredericksburg, Virginia, […]

Pandemic Revenue Index Up 21.2%

Pandemic Revenue Index Up 21.2%

Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Dec. 28, 2020, to Jan. 1, 2021, increased 21.3%, in part because of a favorable comparison with last year’s holiday week in which the New Year’s Day holiday fell on a Wednesday (as opposed to a Friday this year). “As expected, […]

HARDI Distributors Report 3.6% Revenue Increase in November

HARDI Distributors Report 3.6% Revenue Increase in November

Heating, Air-conditioning & Refrigeration Distributors International (HARDI), Columbus, Ohio, this week released its monthly TRENDS report, showing the average sales performance by HARDI distributors was an increase of 3.6% percent during November. The average annual sales growth for the 12 months through November 2020 is 3.2%. “This month was warmer than normal and warmer than […]

MSC’s Sales Down 6.3% in Fiscal 1Q

MSC’s Sales Down 6.3% in Fiscal 1Q

Industrial distributor MSC Industrial Supply Co. (NYSE: MSM), Melville, New York, reported sales of $771.9 million for its fiscal first quarter, a 6.3% decrease compared to the year-ago period. Quarterly profit was $38.5 million, a 41.5% decrease compared with the first quarter last year. “Our fiscal first quarter reflected building momentum for our Mission Critical initiative against […]

Motion & Control Enterprises Acquires Diversified Air Systems

Motion & Control Enterprises Acquires Diversified Air Systems

Industrial distributor Motion & Control Enterprises, a Zelienople, Pennsylvania-based portfolio company of the private equity firm Frontenac Co., on Tuesday announced that it has acquired Cleveland, Ohio-based Diversified Air Systems. Financial terms of the deal weren’t disclosed. Founded in 1979, DAS is a full service, stocking distributor of air compressors and related products including vacuum […]

Van Meter Acquires Mid-West Electrical Supply

Van Meter Acquires Mid-West Electrical Supply

Electrical distributor Van Meter Inc., Cedar Rapids, Iowa, this week announced that it has acquired Mid-West Electrical Supply Inc., a Wichita, Kansas-based single-branch, electrical distributor, in an asset sale. Financial terms of the deal weren’t disclosed. “Wichita represents the largest electrical market in the state of Kansas,” said Lura McBride, president and CEO at Van […]

Atlas Copco Acquires Two Companies

Atlas Copco Acquires Two Companies

Swedish manufacturer Atlas Copco this week announced two acquisitions — Purification Solutions LLC, a Charlotte, North Carolina-based compressed air and gas solutions provider, and Kawalek Kompressoren, a German-based compressed air distributor and service provider. Purification Solutions LLC — operating under the brand name nano purification solutions — is a privately owned U.S.-based company whose 2019 […]

B&D Industrial Announces Leadership Change

B&D Industrial Announces Leadership Change

B&D Industrial Inc., a Macon, Georgia-based industrial distributor, this week announced the retirement of CEO Andrew “Andy” Nations, effective Dec. 31. Nations will remain chairman of the board of B&D Industrial while three of the company’s third-generation family members — Brian Davis, Ben Nations and Lauren Lanter — will step into the co-CEO position while […]

Univar Solutions Appoints President of North America Chemical Distribution

Univar Solutions Appoints President of North America Chemical Distribution

Univar Solutions Inc. (NYSE: UNVR), the Downers Grove, Illinois-based chemical and ingredient distributor, has named James Holcomb president of North America Chemical Distribution. Holcomb will be responsible for the company’s chemical distribution businesses in the U.S. and Canada. The post Univar Solutions Appoints President of North America Chemical Distribution appeared first on Modern Distribution Management.

PPG to Acquire Coatings Manufacturer

PPG to Acquire Coatings Manufacturer

PPG (NYSE:PPG), Pittsburgh, has agreed to acquire VersaFlex, a manufacturer specializing in polyurea, epoxy and polyurethane coatings for water and waste water infrastructure, flooring, transportation infrastructure and industrial applications. Financial terms of the deal weren’t disclosed. VersaFlex is a portfolio company of DalFort Capital Partners. The transaction is expected to close in the first quarter […]