Free 2024 Mobile Engagement Guidebook for Distributors

Category: Broadcast Texting

Atlas Copco Acquires German Company

Atlas Copco Acquires German Company

Swedish industrial manufacturer Atlas Copco on Tuesday announced it has acquired NATEV GmbH, Borken, Germany. Financial terms of the deal weren’t disclosed. Founded in 2010, NATEV specializes in position solutions for assembly tools used in industrial production. The company has 10 employees, and in 2020 it posted sales of €0.5 million (US$0.6 million). “Through NATEV’s […]

Envoy Solutions Acquires Daycon

Envoy Solutions Acquires Daycon

Envoy Solutions — the Glenview, Illinois-based holding company that owns and operates North American, WAXIE Sanitary Supply, SWPlus and Southeastern Paper Group — on Tuesday announced the acquisition of Daycon Products Co., Upper Marlboro, Maryland. Financial terms of the deal weren’t disclosed. Daycon is a 79-year-old, family-owend distributor of facility supplies, training services and sustainable […]

Rexel Canada Signs Up with ETIM North America

Rexel Canada Signs Up with ETIM North America

ETIM North America (NA) announced Tuesday that Rexel Canada, which is one of the largest distributors of electrical products in Canada, has joined the product classification standards organization. As a Direct Distributor Member, Rexel Canada will be able to participate in the various ETIM NA Product Expert (PE) Groups, including the current groups for Power […]

H.B. Fuller Tacks On 11% Surcharge on Shipments

H.B. Fuller Tacks On 11% Surcharge on Shipments

H.B. Fuller took a transparent approach to a price hike by announcing it will implement an 11% surcharge on shipments of its products globally. The surcharge goes into effect on Wednesday. H.B Fuller (NYSE: FUL), St. Paul, MN, said the surcharge was driven by the “continued short supply and significant cost escalation of certain chemical […]

Project Files: Episode 41 — High Mountain Cannabis Fabric Ductwork

Cannabis operations can take years to perfect their HVAC. But for Brandon Schmitzer of High Mountain LLC in Vassar, Michigan, the HVAC side was a cinch.

Core & Main Completes Deal to Buy L & M Bag & Supply Co.

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 […]

Core & Main Completes Deal to Buy L & M Bag & Supply Co.

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 […]

SRS Agrees to Acquire Hawaiian Distributor

SRS Agrees to Acquire Hawaiian Distributor

Building materials distributor SRS Distribution Inc., McKinney, Texas, on Monday announced it has agreed to acquire Aloha Roofing Supply, a Kapaa, Hawaii-based distributor of residential roofing, lumber, foundation and masonry, and other related products. Terms of the deal, which is expected to close Sept. 10, weren’t disclosed. Founded in 2014 by Randy Boyer, Aloha Roofing […]

Economic Green Shoots Continue to Sprout as Pandemic Rages On

Economic Green Shoots Continue to Sprout as Pandemic Rages On

Both macro-economic and industry-specific reports during the past month show that wholesale distribution has emerged from the worst of the coronavirus crisis that raged during the past 18 months. MDM’s recent reporting shows much-needed improvement, although gains could be threatened in the coming weeks and months as the country deals with more COVID cases plus […]

Timken Shines in Fast-Growing Solar Energy Sector

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

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. […]

Consumer Spending Continues, PHCC Elects CEO, & Signing Bonuses Becoming the Norm

Jobber’s mid-year economic review shows home improvements are shifting from DIY to professional renovations, and Matt Marsiglio of FLAME talks today’s signing bonus standards.