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Category: Business Texting

Chris Fasano: Winners always want the ball

As the industry’s only national trade association, the American Supply Association is uniquely positioned to be the voice of the industry. With that comes the responsibility to want the ball when it comes to advocating positions that will benefit our members and the industry as a whole. 

Core & Main Finalizes Acquisition of CES Industrial Piping

Core & Main Finalizes Acquisition of CES Industrial Piping

St. Louis-based Core & Main, Inc., (NYSE: CNM), a specialized distributor of water, wastewater, storm drainage and fire protection products, has closed its previously announced acquisition of CES Industrial Piping Supply. “The acquisition of CES Industrial Piping Supply expands Core & Main’s fusible HDPE ((high-density polyethylene) product and service offerings in the Midwest,” Core & […]

Core & Main Finalizes Acquisition of CES Industrial Piping

Core & Main Finalizes Acquisition of CES Industrial Piping

St. Louis-based Core & Main Inc. (NYSE: CNM), a specialized distributor of water, wastewater, storm drainage and fire protection products, has closed its previously announced acquisition of CES Industrial Piping Supply. “The acquisition of CES Industrial Piping Supply expands Core & Main’s fusible HDPE ((high-density polyethylene) product and service offerings in the Midwest,” Core & […]

MSC Announces New Interim Senior VP

MSC Announces New Interim Senior VP

MSC Industrial Supply Co. (NYSE: MSM), a distributor of metalworking maintenance, repair and operations products based in Melville, New York, said Wednesday that Senior Vice President of Sales & Customer Success Edwin Martin has departed the company. Kim Shacklett will assume the role of interim VP in Martin’s absence. Shacklett joined MSC in 2006 as […]

Parts Town Goes Full-Tilt on E-Commerce Marketplace Model

Parts Town Goes Full-Tilt on E-Commerce Marketplace 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? Parts Town’s new Marketplace will help it expand into other verticals, such as HVAC, janitorial, water filtration, technician supplies and residential appliances. The Red Lightning Group division of Parts Town — […]

Beacon Opens New Branches in Florida, Texas

Beacon Opens New Branches in Florida, Texas

Beacon (Nasdaq: BECN), a publicly traded roofing and building products distributor based in Herndon, Virginia, announced Wednesday that it has opened new branches to expand service to customers in the Houston and North Port-Bradenton-Sarasota, Florida, market areas. The Fortune 500 company ranks No. 3 on MDM’s Top Distributors list for materials and construction distributors, with […]

Rexel Agrees to Acquire Mayer Electric for $456 Million

Rexel Agrees to Acquire Mayer Electric for $456 Million

International multichannel distributor Rexel (RXL:PA) has agreed to acquire Mayer Electric, a family-owned, Birmingham, Alabama-based distributor of electrical products and services, for $456 million. Mayer operates 68 branches in 12 states, with a strong presence in Alabama, Florida, Georgia and Pennsylvania. The company says it has 1,200 employees and has generated revenue of $1.2 billion […]

Wajax CEO to Retire at End of 2021

Wajax CEO to Retire at End of 2021

Canadian industrial distributor Wajax Corp. (TSX: WJX) on Tuesday announced that Mark Foote will retire as president and CEO on Dec. 31. Ignacy (Iggy) Domagalski, the CEO of Tundra Process Solutions Ltd., will be appointed the new president and CEO upon Foote’s retirement. Wajax acquired Tundra earlier this year. Foote has served as president and CEO […]

4 Major Mistakes That Can Derail a Cloud Migration

4 Major Mistakes That Can Derail a Cloud Migration

After seeing the benefits of cloud migration, the number of companies moving or wanting to move business operations to the cloud has skyrocketed. Cloud migration is partially or entirely moving an organization’s digital assets, services, IT resources or applications to the cloud for access through storage, software and platform services online. Almost all companies have […]

Goods and Services Deficit Rises in August

Goods and Services Deficit Rises in August

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced Tuesday that the goods and services deficit was $73.3 billion in August, up $2.9 billion from a revised $70.3 billion in July. August exports were $213.7 billion, $! billion more than July exports. August imports were $287.0 billion, $4 billion more than July […]

Fischer Process Industries Acquires Frakes-PumpWorx

Fischer Process Industries Acquires Frakes-PumpWorx

Fischer Process Industries, Loveland, Ohio, has acquired primary pump and rotating equipment company Frakes-PumpWorx, Indianapolis. Financial terms of the deal weren’t disclosed. Frakes-PumpWorx specializes in modern techniques to make repairs to pump and rotating equipment, including a 24/7 field-and-service option. FPI  said it acquired Frakes-PumpWorx, in part, to offer an integrated service operation near Indiana’s […]