Mike Robuck

Industrial distributor MSC Industrial Supply Co. (NYSE: MSM), Melville, New York, on Wednesday reported sales of $866.3 million for its fiscal third quarter, which was a 3.8% increase over the same quarter a year ago. Quarterly profit was $94.4 million, a 21.5% increase compared to its third quarter last year. MSC posted a net income of […]

TTI Inc., which is based in Fort Worth, Texas, announced on Tuesday the appointment of Ashish Bhuskute as its chief financial officer. TTI also announced the promotion of John Archer to senior vice president ethics and compliance, general counsel. Bhuskute and his family moved Fort Worth this month as he assumes direct responsibility for managing […]

Dallas, Texas-based Builders FirstSource Inc. announced on Tuesday that it’s transferring the listing of its common stock from the Nasdaq Stock Market (Nasdaq) to the New York Stock Exchange (NYSE) effective when the market opens on July 19. Builders FirstSource will continue trading under its previous Nasdaq ticker symbol “BLDR” after the move over to […]

PPG (NYSE: PPG), which is based in Pittsburgh, Pennsylvania, announced on Tuesday that it has named LG Tackett as vice president, global operations for its industrial segment. Starting August 9, Tackett will report to Executive Vice President Rebecca Liebert. Tackett will be responsible for leading the company’s industrial global manufacturing, supply chain, engineering and asset […]

New orders for manufactured goods in May, which were up 12 of the last 13 months, increased $8.1 billion or 1.7% to $495.5 billion, the U.S. Census Bureau reported on Friday. The increase followed on the heels of a 0.7% decrease in April. New orders for manufactured durable goods in May, also up 12 of […]

Construction spending during May was estimated at a seasonally adjusted annual rate of $1,545.3 billion, 0.3% below the revised April estimate of $1,549.5 billion, but 7.5% above the April 2020 estimate of $1,387.9 billion, according to the U.S. Census Bureau. During the first five months of this year, construction spending has totaled $594.8 billion, which […]

GMS Inc. (NYSE: GMS), Tucker, Georgia, announced on Friday that it has wrapped up its $135 million deal to buy Westside Building Material. The acquisition of Westside was first announced in May. Founded in 1935 and headquartered in Anaheim, Calif., Westside is a supplier of steel framing, wallboard, acoustical ceilings, insulation and related building products […]

Kimball Midwest, a national industrial supplier based in Columbus, Ohio, announced Thursday that it recently donated face shields and hand sanitizer to the city of Savannah, Georgia, as part of a partnership between the National Association of Wholesaler-Distributors (NAW) and the National League of Cities (NLC). The partnership’s goal it to provide small and mid-sized […]

Economic activity in the manufacturing sector grew in June with the overall economy notching a 13th consecutive month of growth as part of a continued rebound from last year’s pandemic, according to the nation’s supply executives in the latest Manufacturing ISM Report On Business. “The June Manufacturing PMI registered 60.6%, a decrease of 0.6 percentage […]

Building materials distributor 84 Lumber announced on Thursday that its newest dedicated truss plant has opened in Statesville, North Carolina. The company said the new truss plant was part of its ongoing 2021 expansion plans that were designed to help fill the increasing demand for engineered and manufactured wood products around the country. The new […]

Protective Industrial Products (PIP), Latham, New York — a supplier of hand protection and PPE to the industrial, construction and retail markets — announced that it has bought Paramount Safety Products. Financial terms of the deal, which closed on Wednesday, weren’t available. Based in Perth, Western Australia, Paramount is a supplier of safety products in […]

Barclay, a material handling solutions provider based in South Plainfield, New Jersey, and Kärcher North America, which is a global provider of cleaning technology, announced that Barclay is now an authorized dealer for Kärcher’s floor care products. Kärcher manufacturers industrial and commercial floor cleaning equipment. As a new distributor, Barclay can now offer Kärcher’s solutions […]

Imperial Dade, which is based in Jersey City, New Jersey and is a national distributor of disposable food service and janitorial supplies, recently hosted a groundbreaking for a new logistics hub in Baldwin County, Alabama. Once it’s finished, the new 220,000-square-foot building will be located along County Road 49 in Loxley, Alabama. Imperial Dade said […]

Office Depot, a wholly owned subsidiary of The ODP Corporation (NASDAQ:ODP) based in Boca Raton, Florida, said on Monday it was now offering free 30-minute in-store and curbside pickups at its 1,100 Office Depot and OfficeMax stores nationwide. Backed by its online and digital B2B distribution platform, customers can take advantage of the free service […]

Grand Rapids, Michigan-based SalesPad announced on Monday that it has re-branded the company as Cavallo. Cavallo said the new name better reflected its focus for delivering on-premises and cloud solutions specifically for mid-market distributors. Along with the new brand launch, Cavallo also announced it will roll out its new Distribution Cloud platform for distributors in […]

One week after striking a deal to buy positive displacement pump manufacturer Seepex GmbH, Ingersoll Rand Inc. (NYSE:IR), Davidson, North Carolina, on Monday announced it has agreed to acquire Maximus for €135.4 million (US$110 million). The all-cash deal is slated to close in the third quarter once the customary closing conditions are met.   Once […]

The Reynolds Company, which is a subsidiary of McNaughton-McKay Electric Company, announced an agreement to buy San Antonio, Texas based Mid-Coast Electric Supply. Financial terms of the deal, which is subject to final definitive agreements, weren’t disclosed. The transaction is expected to close by the end of October. One the deal is done, multi-region McNaughton-McKay […]

Rockwell Automation (NYSE: ROK), which is based in Milwaukee, Wisconsin, said on Friday it has struck a deal to buy software company Plex Systems for $2.2 billion in cash. Rockwell said the deal was slated to close in its fiscal fourth quarter ending in September. Plex’s platforms helps its more than 700 customers connect, automate, […]

To continue reading this article you must be a paid subscriber. Subscribe to MDM Already Subscribed? Click here to log-in | Forgot your password? • The company relies on its strong global supply chain as well as local relationships to keep product supply moving.  • Its blue bin tech investments allow for better inventory management. […]

To continue reading this article you must be a paid subscriber. Subscribe to MDM Already Subscribed? Click here to log-in | Forgot your password? • Lawson Products intends to add more sales reps in 2021 to serve its approximately 90,000 customers. • The company’s ongoing growth strategy includes developing new sales territories. • The distributor […]