Eric Smith

Arrow Electronics Inc. (NYSE: ARW), Centennial, Colorado, on Tuesday announced that Andy King is retiring from the company as president of the global components business, effective Dec. 31. “Andy has been an instrumental part of driving the growth and success of Arrow during his 34 years at the company,” said Michael J. Long, chairman, president […]

U.S. manufacturing technology orders totaled $383.8 million, a 1.9% decrease from the same month a year ago, according to the U.S. Manufacturing Technology Orders report published by AMT – The Association For Manufacturing Technology. But that was the smallest decrease of 2020, and new orders placed in October marked a 3.7% increase from September and […]

Danaher Corp. (NYSE: DHR), Washington, D.C., on Monday announced that its board of directors has appointed Jennifer L. Honeycutt to the position of executive vice president, effective Jan. 1, 2021. Honeycutt will be responsible for the company’s Beckman Coulter Life Sciences, Integrated DNA Technologies (IDT), Leica Microsystems, Molecular Devices, Pall, Phenomenex, and SCIEX businesses. With […]

Carlisle Cos. Inc. (NYSE:CSL), Scottsdale, Arizona, on Monday announced today that David W. Smith has been appointed to the newly created role of vice president, sustainability. In this role, Smith will be responsible for continuing to drive companywide environmental, social and governance (ESG) strategy throughout Carlisle’s global operations. “I am extremely pleased to appoint David to […]

3M (NYSE: MMM), St. Paul, Minnesota, reported total sales for November increased 8% year-over-year to $2.9 billion. Organic local-currency sales (which includes organic volume impacts and selling price changes) increased 7% while divestitures decreased sales by 1%. Foreign currency translation increased sales by 2% year-over-year. Total sales increased 16% in both safety and industrial, and […]

If a “gym rat” is an exercise addict and a “river rat” is a paddling bum, then what the heck is a “fastener rat”? Apparently, it’s someone who has spent their whole life in the fasteners industry, who lives, breathes, eats and sleeps the fasteners life. And Marc Strandquist, the recently appointed president and CEO […]

We’re in the home stretch of 2020, which can’t end soon enough. Now that the year from hell is almost behind us, the question remains: Will 2021 be the year of redemption that everyone hopes it will be? After all, a coronavirus vaccine should be readily available, lockdowns should end for good and the economy […]

Crescent Electric Supply Co., East Dubuque, Illinois, on Friday announced that Seth Erickson has joined the organization as chief transformation officer. Erickson will oversee a number of strategic teams and initiatives, including e-commerce, IT, marketing, business process improvement, system integration and the project management office. “Seth brings a wealth of experience in leading strategic, transformative […]

Building products distributor Hardwoods Distribution Inc. (TSX: HDI), Langley, British Columbia, this week announced that it has, through its subsidiary Hardwoods Specialty Products US LP, acquired Aura Hardwoods for $12.7 million. Aura is a wholesale architectural building products distributor with estimated annual sales of $53 million. Aura operates in Northern California across six locations in […]

The National Association of Wholesaler-Distributors (NAW) on Friday announced the additions of Dan Schuberth as chief business development officer and William Inman as chief public affairs officer for communications and advocacy to its senior leadership team. The newly created positions will report to NAW President and CEO Eric Hoplin. “As we position NAW for the […]

Heating, Air-conditioning & Refrigeration Distributors International (HARDI), Columbus, Ohio, this week announced four new members of the 2021 board of directors. Director: Loran Liu, Standard Supply & Distributing Company Inc., Dallas, Texas Director: Brian Blaushild, Famous Enterprises, Akron, Ohio Director: Michael Gallagher, Design Air LLC, Kimberly, Wisconsin Chair: Jim Luce of Luce, Schwab and Kase […]

The Los Angeles-based private equity firm Platinum Equity announced that it has agreed to acquire Irvine, California-based technology distributor Ingram Micro Inc. for $7.2 billion. Platinum is acquiring the business from HNA Technology Co. Ltd, a part of HNA Group. “Ingram Micro is an industry leader, one of the largest companies in the world and […]

Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Nov. 30 to Dec. 4 indicated a 12.1% increase compared with the same week a year ago. Of the 13 respondents, 10 reported increases, according to IRCG. “The week containing the last day of November produced the largest non-holiday increase the […]

Engineering and construction firm Fluor Corp. (NYSE: FLR), Irving, Texas, reported sales for the third quarter of $3.8 billion, a decrease of 17.8% compared to the same period a year ago. The company’s profit of $23.4 million was up from a loss of $754.1 million a year ago. Year-to-date sales were $12 billion, down 6.9% […]

Ingersoll Rand Inc. (NYSE:IR), Davidson, North Carolina, has agreed to acquire Tuthill Vacuum and Blower Systems, Springfield, Missouri, for $184 million. Tuthill Vacuum and Blower Systems has 160 employees and annual revenue of $60 million. Tuthill Vacuum and Blower Systems, a division of Tuthill Corp., will join the Ingersoll Rand Industrial Technologies and Services (IT&S) […]

Rexnord Corp. (NYSE: RXN), Milwaukee, Wisconsin, announced that it has agreed to acquire Hadrian Inc., a provider of washroom partitions and lockers. Financial terms of the deal weren’t disclosed. The addition will enable Rexnord’s Zurn business, its water management platform, to offer building owners a complete washroom solution and “accelerate its strategy of being the […]

ABB has appointed Carolina Granat to succeed Sylvia Hill as chief human resources officer and member of the executive committee, effective January 1, 2021. Granat currently serves as ABB’s global head of people development, prior to which she was globally responsible for human resources at Sandvik’s Machining Solutions business area. She also served as Human Resources […]

Power management company Eaton (NYSE:ETN), Dublin, Ireland, announced that Thomas B. Okray has been named executive vice president and CFO effective April 1, 2021. He succeeds Richard H. Fearon, vice chairman and chief financial and planning officer, who will be retiring on March 31, 2021. Okray will report to Craig Arnold, Eaton’s chairman and chief […]

To continue reading this article you must be a paid subscriber. Subscribe to MDM Already Subscribed? Click here to log-in | Forgot your password? Despite the myriad executive titles earned and lofty positions attained during a successful 34-year career in distribution and manufacturing, Marc Strandquist prefers a moniker that best describes his passion for an […]

Houston Wire & Cable Co. (Nasdaq: HWCC), Houston, Texas, announced that it has agreed to sell its Southern Wire business, an Olive Branch, Mississippi-based wholesale distributor of wire rope and rigging products, for $20 million, subject to a working capital adjustment. HWCC expects to use the net sales proceeds to reduce debt. “Southern Wire is […]