Building materials distributor expands footprint with organic growth in six locations in Colorado, Georgia, Louisiana, Michigan and Texas.
Genuine Parts Announces Executive Resignation
Scott Sonnemaker, group president, North American Automotive, is leaving GPC to pursue other opportunities.
NetPlus Alliance Launches Updated Website
Buying group’s new site “makes it simple for industry professionals to find opportunities within NetPlus Alliance.”
DSG to Open Facility in Montana
New location in Great Falls will allow electrical, plumbing and HVACR distributor to better serve customers in Montana city and surrounding area.
Fastenal’s Sales Up 10.3% in 2Q
June sales increased 20.4% over the same month a year ago.
U.S. Manufacturing Technology Orders Down in May
Year to date, orders down 31 percent compared to same period in 2019.
SRS Distribution Acquires A.L.L. Roofing Materials
Building materials distributor expands into California and Arizona with addition of San Jose-based company.
IRCG Weekly Pandemic Revenue Index Shows 11.7% Increase
First increase in more than a month likely tied to calendar anomaly, but any improvement is a good sign.
Pentair Names Steve Pilla as EVP, Chief Supply Chain Officer
Pilla will be responsible for supply chain operations and performance and will report to John Stauch, Pentair president and CEO.
MSC’s Sales Down 3.6% in Fiscal 3Q
Industrial distributor’s sales decline 3% in the first nine months compared to year-ago period.
Real GDP Decreased in All 50 States in 1Q
Overall growth in real GDP slowed in the first quarter from the fourth quarter of 2019.
Crawford Electric Appoints Vice President of Finance
Mark Ganucheau will join the Houston, Texas-based electrical distributor’s executive team and head its finance department.
Palmer-Donavin Appoints New CEO
Robyn Pollina to succeed retiring CEO Ron Calhoun effective Aug. 1.
IRCG’s Weekly Pandemic Revenue Index Continues to Slide
The 11.4% decline is the third in a row after a rare uptick in late May.
May Construction Spending Up 0.3% Year-Over-Year
Year to date, construction spending up 5.7% compared to same period in 2019 despite overall economic slowdown.
The ODP Corp. Announces Completion of Office Depot Reorganization
Office Depot now officially a subsidiary of new public company, The ODP Corp., which also implemented a 1-for-10 reverse stock split.
ISA Announces 2020/21 Board of Directors
ISA on Wednesday unveiled its new board, which consists of 13 members, including an executive committee and directors.
RBC Bearings Nominates Dolores Ennico to Board of Directors
Dolores J. Ennico would replace Dr. Amir Faghri, who’s retiring from the bearings manufacturer’s board.
ABB Completes Divestment of Power Grids to Hitachi
Swiss electrical manufacturer sold 80.1 percent of its Power Grids business to Hitachi in a deal valued at $7.6 billion to $7.8 billion.
Manufacturing Sector Expanded in June
The June PMI registered 52.6%, an increase of 9.5% from the May reading — and the second consecutive month of expansion.