Grocery retailer and distributor SpartanNash (Nasdaq: SPTN), which is based in Grand Rapids, Michigan, announced on Wednesday that it will open its first SpartanNash Micro-Fulfillment Center in Caledonia, Mich. The grand opening for the 55,000-square-foot facility is slated for or July 26. The center will hold 16,000 products and pick and pack “Fast Lane” orders […]
Palmer-Donavin CEO: Inventory is King
There’s a new dynamic in play for distributors as they deal with inventory and material shortages related to snarls in their supply chains. Palmer-Donavin CEO Robyn Pollina, who took over that role in August of last year, says her company has seen tremendous demand this year in the building material space due to the housing […]
Core & Main Announces Launch of IPO
Core & Main LP, St. Louis, Missouri, announced on Wednesday that it has launched the roadshow for its initial public offering (IPO). Core & Main Inc is targeting a valuation of up to $7.5 billion in its IPO, according to a story by Reuters. Core & Main, which is a distributor of water, wastewater, storm […]
Core & Main Announces Launch of IPO
Core & Main LP, St. Louis, Missouri, announced on Wednesday that it has launched the roadshow for its initial public offering (IPO). Core & Main Inc is targeting a valuation of up to $7.5 billion in its IPO, according to a story by Reuters. Core & Main, which is a distributor of water, wastewater, storm […]
Fastener Distributor Index Down Slightly in June as Shortages Lead to Constraints
The seasonally adjusted Fastener Distributor Index (FDI) for June was 55.8, down slightly from 61.8 in May, according to the latest analysis from Baird, FCH Sourcing Network and the Institute for Supply Management. “As diffusion indexes, values above 50.0 signal strength, while readings below 50.0 signal weakness,” said Baird’s David Manthey. “Over time, results should […]
AMT: Manufacturing Technology Orders Nearly Double Year-Over-Year in May
U.S. Manufacturing Technology Orders totaled $448 million in May, which were nearly double that of May 2020, according to the U.S. Manufacturing Technology Orders report published Monday by AMT – The Association For Manufacturing Technology. May orders were up 11% when compared to April’s orders. Total orders for 2021 topped $2 billion two months before […]
Stellar Industrial Supply to Acquire Robert G. Brewton
MRO distributor Stellar Industrial Supply, Tacoma, Washington, has struck a deal to buy Robert G. Brewton (R.G. Brewton). The deal to buy Lawrence, Pennsylvania-based industrial distribution and integrated supply firm R.G. Brewton will give Stellar Industrial Supply an immediate presence in the Northeast and Mid-Atlantic regions. Financial terms of the deal, which is scheduled to close […]
ADI Global Distribution’s Digital Investments Center on Convenient Access
To continue reading this article you must be a paid subscriber. Subscribe to MDM Already Subscribed? Click here to log-in | Forgot your password? • To date, Laura Phelan and her team have redesigned 15 e-commerce sites in 11 languages. • ADI has also introduced new customer-specific videos on its websites. • Phelan led a […]
Cultivating a Digitally Driven, Data-Centric Culture at Sonepar USA
To continue reading this article you must be a paid subscriber. Subscribe to MDM Already Subscribed? Click here to log-in | Forgot your password? • Kayla Repp, an MDM Digital Innovator award winner, created new digital widgets to help Sonepar USA’s sales staff improve its visibility with customers. • Sonepar USA’s digital capabilities allowed it […]
Loeb Electric’s Custom Digital Innovations Meet Unique Sales, Customer Needs
To continue reading this article you must be a paid subscriber. Subscribe to MDM Already Subscribed? Click here to log-in | Forgot your password? • Senior Software Developer Gary Knight leverages his past-experience in marketing and inside sales to develop solutions for Loeb’s sales staff and customers. • Knight and his team developed a QR […]
Wholesale Trade Sales Up 36.8% Year-Over-Year in May
Wholesale trade improved in May compared to the same month a year ago and was up slightly from the previous month of April, according to a Friday report by the U.S. Census Bureau. May sales of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations and trading day differences but not […]
Air Products Appoints Schaeffer as CFO
Industrial gases distributor Air Products (NYSE:APD), Lehigh Valley, Pennsylvania, announced on Friday that Executive Vice President and Chief Financial Officer (CFO) Scott Crocco will retire at the end of September and that Melissa Schaeffer will succeed him as senior vice president and CFO on August 10. Crocco had been with Air Products for 31 years. The […]
Kaman Names Coogan as its New CFO
Kaman Distribution Group (NYSE:KAMN), which is based in Bloomfield, Connecticut, has named James Coogan as senior vice president and chief financial officer, effective immediately. Coogan replaced Robert Starr as the company’s new CFO. Starr will continue to be employed by Kaman as executive vice president through the end of this month and will work with […]
Sonepar USA Names Harper to Newly Created Position of SVP for Supply Chain and Logistics
Sonepar USA, a Charleston, South Carolina-based subsidiary of Sonepar Group, announced Thursday that that Ron Harper has joined the company in the newly created role of Senior Vice President, Supply Chain and Logistics. With significant capital investments planned over the next few years for the building of new CDCs and the automation of its supply […]
Competing on Customer Experience a Winning Hand for Distributors
As e-commerce moves into its second decade of its existence, B2B distributors, both those that are already digitally enabled and traditional distributors that are just starting to make the move, need to figure out a better way to help their customers find what they need to buy, according to Jason Hein, principal B2B strategist at […]
HARDI Distributors Report 33.5% Revenue Increase in May
Heating, Air-conditioning & Refrigeration Distributors International (HARDI), Columbus, Ohio, released its monthly TRENDS report on Thursday, which showed the average sales performance by HARDI distributors was an increase of 33.5% percent during May. The average annual sales growth for the 12 months through May is 17.6%. “The 33.5% gain reflects stimulus driven demand being compared […]
Core & Main to Acquire Pacific Pipe
As it prepares to go public, Core & Main LP, based in St. Louis, Missouri, announced it has entered into a definitive agreement to acquire Pacific Pipe Company, Inc.. Core & Main’s latest deal is its 14th transaction since becoming an independent company in 2017. Pacific Pipe has been in operation since 2011, serving municipalities […]
Core & Main to Acquire Pacific Pipe
As it prepares to go public, Core & Main LP, based in St. Louis, Missouri, announced it has entered into a definitive agreement to acquire Pacific Pipe Company, Inc.. Core & Main’s latest deal is its 14th transaction since becoming an independent company in 2017. Pacific Pipe has been in operation since 2011, serving municipalities […]
Airgas Expands High School Welding Education Initiative
Airgas Inc., Radnor, PA, an Air Liquide company and supplier of industrial, medical and specialty gases, announced Thursday that it was expanding its Airgas High School Welding Education Initiative to 23 new schools and six returning schools. Airgas said the high schools were picked from nominations based on four key factors: high unmet need at […]
Is a Company-Operated Marketplace a Game Changer or a Shiny Object?
Should distributors launch their own B2B marketplaces to take on industry titans such as Amazon Business, or are they better off sticking with their traditional business model? That was the central question posed in the latest edition of the MasterB2B “unwebinar” series, which was hosted by Andy Hoar and Brian Beck. The short answer? It […]