Eric Smith

3M (NYSE: MMM), St. Paul, Minnesota, reported total sales for October increased 3% year-over-year to $2.9 billion. Organic local-currency sales (which includes organic volume impacts and selling price changes) increased 2% while acquisitions, net of divestitures, added 1% and foreign currency translation was flat year-on-year. Total sales increased 12% in Health Care, 4% in Safety […]

Building materials distributor US LBM, Buffalo Gove, Illinois, on Friday announced it has agreed to be acquired by Bain Capital Private Equity, which will own a majority stake in the company. US LBM will continue to operate under the leadership of President and CEO L.T. Gibson and the current management team. Financial terms of the […]

Amazon.com Inc. (NASDAQ: AMZN), Seattle, Washington, on Thursday announced plans to build an Amazon fulfillment center in Madison County, Mississippi. This fulfillment center will be the first facility located in the state to feature Amazon’s robotics technology. The company launched its first facility in Mississippi in Byhalia in 2019, and a new fulfilment center this […]

Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Nov. 2 to Nov. 6 indicated an 8.6% increase compared with the same week a year ago, resulting in one of the best non-holiday-influenced weeks since February. IRCG’s distributor Pandemic Revenue Index gives distributors a weekly quantified view into how other […]

Rather than meeting in Atlanta for the annual Industry Summit, PTDA conducted a Virtual Industry Summit — and the result was a successful gathering of PT distribution professionals who were able to share best practices and learn how they can continue thriving, according to Ann Arnott, CEO and executive vice president. “Our goal in producing […]

Turtle & Hughes, Linden, New Jersey, has appointed Robert Courcy as vice president, Gulf Region. Courcy will manage the company offices in Houston and Port Lavaca, TX and Geismar, LA. “Experience is a critical asset right now and the foundation for success,” said Jayne Millard, executive chairman of the board, Turtle & Hughes. “Bob has […]

Myers Industries Inc. (NYSE: MYE), Akron, Ohio, a manufacturer of polymer products and a distributor for the tire, wheel and under-vehicle service industry, on Tuesday announced the acquisition of Elkhart Plastics Inc., a rotational molding company. Financial terms of the deal weren’t disclosed. Myers said the acquisition is the latest action in its “recently announced long-term […]

WESCO International Inc. (NYSE: WCC), Pittsburgh, Pennsylvania, on Tuesday announced the appointment of Akash Khurana as executive vice president and chief information and digital officer effective Nov. 9. Khurana most recently served as chief information and chief digital officer of McDermott International Inc. and has extensive leadership experience in digital business and information technology. “Akash […]

JanSan distributor Jon-Don, Roselle, Illinois, has acquired Factory Cleaning Equipment Inc., Aurora, Illinois. Financial terms of the deal weren’t disclosed. Jon-Don said the acquisition of FCE “marks a new phase of strategic growth for Jon-Don, as the company continues to expand its offerings within the jan-san, restoration equipment, and concrete surface prep and polishing industries.” […]

Fasteners Inc. Southwest Supply and Professional Contractor Supply, Las Vegas, this month named Brett Wilson to the vice president of sales. Wilson brings more than 17 years of industry experience and joined the Fasteners & PCS organization from Milwaukee Tool. In his new role, Wilson will be responsible for the leadership of the inside and […]

Dakota Supply Group (DSG), Plymouth, Minnesota, announced Monday it has opened a branch in Great Falls, Montana. The new facility is located at 1604 12th Avenue North. DSG had been serving customers in the Great Falls market from its other Montana locations. The new branch will offer a large inventory of products for the plumbing, […]

U.S. manufacturing technology orders totaled $373.7 million, a 3.2% 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 new orders placed in September marked a 26.4% increase from August and the highest monthly total of the year. Orders […]

Bunzl PLC on Monday announced that it has agreed to acquire SP Equipamentos, a personal protection equipment distributor based in Sao Paulo, Brazil. Financial terms of the deal weren’t disclosed. SP Equipamentos, whose 2019 revenue was BRL143 million (US$26.7 million), supplies a broad range of safety products to customers across a number of markets, including […]

Below is a rundown of how public companies in distribution performed during the third quarter (or fiscal quarter or full fiscal year, in some cases). The list includes companies across a variety of verticals and includes some manufacturers pertinent to the distribution space. Click the company name for more details on their quarterly earnings, including […]

Wholesale trade declined slightly in September compared to the same month a year ago but improved slightly over August, according to the latest report from the U.S. Census Bureau. September 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, […]

MRO and industrial distributor DXP Enterprises Inc. (NASDAQ: DXPE), Houston, reported third-quarter sales of $220.2 million, down 32.7% compared to the third quarter of 2019. The company reported a loss of $34.7 million, compared with a profit of $13.1 million in the year-ago period. “Our solid execution and focus in a challenging environment continued to deliver reasonable […]

Waterworks and plumbing products distributor EGW Utilities Inc., Carrollton, Texas, this week announced it has acquired Buy Wholesale Company LLC, Montgomery, Texas. Financial terms of the deal weren’t disclosed. BWC was founded by Karl Knapp in 1985. He and his wife, Tracy, operated it until this acquisition. EGW said the addition of BWC greatly increases […]

Builders FirstSource Inc. (Nasdaq: BLDR), Dallas, on Thursday announced it has acquired Kansas City Building Supply, located in Overland Park, Kansas. Financial terms of the deal weren’t disclosed. Kansas City Building Supply is a supplier of interior and exterior doors, windows, millwork, cabinetry and hardware to residential homebuilders, repair and remodel contractors, and retail consumers in […]

Amazon.com Inc. (NASDAQ: AMZN), Seattle, Washington, on Thursday announced plans to build an Amazon fulfillment center in Republic, Missouri, near Springfield in the southwestern part of the state. The new fulfillment center, which is anticipated to launch in 2021, will create 500 new, full-time jobs. “We are proud to be bringing our newest Amazon facility […]

Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Oct. 26 to Oct. 30 indicated a 0.4% decrease compared with the same week a year ago. Of the 13 firms, seven respondents reported increases ranging from 1% to 27%. The range of decreases ranged from 1% to 25% for the […]