Core & Main LP, based in St. Louis, Missouri, announced on Monday that it has closed its previously announced deal to buy substantially all of the assets of L & M Bag & Supply Co. Inc. The deal, which was first announced in June, marked Core & Main’s 14th acquisition since becoming an independent company […]
Mike Robuck
Core & Main Completes Deal to Buy L & M Bag & Supply Co.
Core & Main LP, based in St. Louis, Missouri, announced on Monday that it has closed its previously announced deal to buy substantially all of the assets of L & M Bag & Supply Co. Inc. The deal, which was first announced in June, marked Core & Main’s 14th acquisition since becoming an independent company […]
Timken Shines in Fast-Growing Solar Energy Sector
The Timken Co. (NYSE: TKR), North Canton, Ohio, said Monday that its decision to enter into the solar energy industry in 2018 has paid off as its solar energy revenue is expected to grow at a double-digit rate over the next three-to -five years. Bearings manufacturer Timken entered the solar energy market with its acquisition […]
84 Lumber Makes the 2021 Inc. 5000 List
For the second time, Building materials distributor 84 Lumber has earned a spot on the 2021 Inc. 5000 list, which ranks the nation’s fastest-growing private companies. Based in Eighty Four, Pa., 84 Lumber was ranked 4,917 on the magazine’s annual list. The company was first named to the list in 2019. “Being named to the Inc. […]
Ace Hardware on Track to Open 170 Stores
Retailer-owned hardware cooperative Ace Hardware Corp., Oak Brook, Illinois, has opened 110 new stores in 2021 with plans to open at least 60 more by the end of the year. Globally, Ace has opened the doors on 900 stores in the past five years, while disbursing dividends of $293 million in 20220, which marked a […]
Ace Hardware Announces Large Distribution Center in Central California
Retailer-owned hardware cooperative Ace Hardware Corp., Oak Brook, IL, announced it plans to build a gigantic distribution center in Visalia, California. The new retail support center will occupy more than 1-million-square feet and bring more than 400 jobs to the area. The new facility will augment the company’s Rocklin, California — in the greater Sacramento […]
3 Ways to Rethink the Sales Model
To continue reading this article you must be a paid subscriber. Subscribe to MDM Already Subscribed? Click here to log-in | Forgot your password? Distribution is at an inflection point, and industry executives are debating how to become more digital. We dig into three areas — sales transformation, marketplaces and pricing — to better understand […]
Amazon Business GM Defines Digital Transformation
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 pandemic has ‘vastly accelerated’ digital transformation, says Petra Schindler-Carter, director and GM at Amazon Business. A key difference between Amazon’s B2C and B2B customers is that the latter want much […]
Weyerhaeuser Names Keatley as SVP of Timberlands
Weyerhaeuser Co. (NYSE: WY), Seattle, announced this week that it has promoted Travis Keatley to senior vice president of Timberlands, effective Sept. 13. Prior to his new role, Keatley served as vice president of Western Timberlands since January 2020. Keatley joined Weyerhaeuser in 2000 in its Western Timberlands organization. He held a variety of operations […]
Wajax Expands Direct Distribution Agreement With Hitachi
Canadian distributor Wajax Corp. (TRX: WJX), announced that it will expand its current Canadian direct distribution relationship with Hitachi Construction Machinery Loaders America Inc., effective March 1. The expanded distribution relationship now includes construction excavators, mining equipment and related aftermarket parts. Prior to the re-tooled agreement, those products were supplied to Wajax via a third-party […]
Valin Corporation Acquires Sun Automation
Valin Corporation, a technical solutions provider located in San Jose, California, has acquired Chandler, Arizona-based Sun Automation Inc. Terms of the deal, which was effective July 30, weren’t disclosed. Sun Automation is a solutions provider for manufacturers of industrial automation products. Valin — a privately held, employee-owned company providing technical solutions for the technology, energy, […]
Applied Industrial Technologies Buys R.R. Floody Company
On Thursday, Applied Industrial Technologies (NYSE: AIT), Cleveland, Ohio, announced it had acquired R.R. Floody Company. Rockford, Illinois-based Floody is a provider of automation products, services, and engineered solutions focused on machine vision, mobile and collaborative robotics, motion control, material handling, and digital capabilities. Floody’s team of 18 associates operates from one location and serves […]
SpartanNash’s 2Q Sales Down 3.6%
On Wednesday, grocery retailer and distributor SpartanNash (Nasdaq: SPTN), which is based in Grand Rapids, Michigan, posted second-quarter net sales of $2.1 billion, which was down 3.6% from the same quarter a year ago. The company said the decrease in net sales was due to the prior year’s increased consumer demand related to the COVID-19 […]
Builders FirstSource Closes Acquisition of WTS Paradigm
Builders FirstSource Inc. (Nasdaq: BLDR), Dallas, Texas, announced it has wrapped up its $450 million deal to buy software vendor WTS Paradigm LLC. The deal was first announced on June 29. Builders FirstSource, which is ranked No. 1 on MDM’s Top Distributors Building & Construction list, said Paradigm will operate as an independent business going […]
Optimas Solutions Promotes Harms to Americas President
Fasteners distributor and manufacturer Optimas Solutions, Wood Dale, Illinois, on Wednesday announced that Daniel Harms was promoted to president of Optimas Americas and will be joining the company’s board of directors. The company also announced that effective immediately Mike Tuffy, president of Optimas International, will also be joining the Optimas board of directors. Tuffy, who […]
Home Depot’s 2Q Sales Increase 8.1%
The Home Depot Inc. (NYSE: HD), Atlanta, Georgia, reported second-quarter net sales of $41.1 billion, an increase of 8.1% from last year’s second quarter. Home Depot earned $4.8 billion, or $4.53 per share, in the quarter compared to $4.3 billion, or $4.02 per share, a year ago. While the company’s earnings exceeded Wall Street’s expectations, its […]
Coastal Construction Products Buys Sealant Engineering Construction Supply
Coastal Construction Products, Jacksonville, Florida — an independent distributor of caulking and sealants, waterproofing, concrete restoration and firestopping materials in the U.S. — has reached an agreement to buy Sealant Engineering Construction Supply of Bensenville, Illinois. The expansion into the Chicago area marked the first acquisition outside of Coastal’s regional base in the Southeast. “In […]
FleetPride Buys Texas-Based National Truck Repair
FleetPride has struck a deal to buy the assets of Longview, Texas-based National Truck Repair. Financial details of the deal weren’t disclosed. With National Truck Repair in hand, Irving, Texas-based FleetPride now has 28 locations in the Lone Star state, which is more than any other state. The new location in Longview has 16 bays […]
Is Advanced Pricing the Right Approach for B2B Distributors?
With B2B distributors under increasing pressure from manufacturers selling directly to their customers and new marketplace entrants, pricing has taken on added importance when it comes to improving margins. But should distributors embrace advanced pricing techniques, such as dynamic pricing, or stick to creating value around the products they sell? Panelists squared off on the […]
Parker Hannifin’s Board Elects Banks as Vice Chairman
Motion and control technology manufacturer Parker Hannifin Corp. (NYSE: PH), Cleveland, Ohio, announced recently that Lee C. Banks, currently president and chief operating officer, was elected by the company’s board of directors to a new role as vice chairman and president. Parker Hannifin’s board also elected Jennifer A. Parmentier, who served as vice president and […]
