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Category: Business Texting

Rockwell Suspends Business in Russia

Rockwell Suspends Business in Russia

Industrial automation and digital transformation company Rockwell Automation is suspending operations and sales in Russia and Belarus, effective immediately, the company announced. “Rockwell joins the U.S. government and the global community in condemning Russia’s attack on Ukraine and its citizens,” said Blake Moret, Rockwell chairman and CEO. Sales to Russia and Belarus represent less than […]

City Electric Opens New Store

City Electric Opens New Store

Dallas-based electrical wholesale distributor City Electric Supply Company has opened its 41st store in the state of Texas. The store, located near downtown Houston, is City Electric’s 17th location in the city. “We’re as close to downtown as you can possibly get,” Downtown Branch Manager Michael Martini said. “You step out our front door, and […]

CD&R to Acquire Cornerstone for $5.8B

CD&R to Acquire Cornerstone for $5.8B

New York-based private equity firm Clayton, Dubilier & Rice says it will acquire Cornerstone Building Brands, Inc. (NYSE: CNR), the largest manufacturer of exterior building products in North America, for $5.8 billion. The deal is an all-cash transaction, CD&R said. The approximate $5.8 billion enterprise value includes the assumption of debt. CD&R is currently the […]

NSI Industries Acquires Metallics

NSI Industries Acquires Metallics

NSI Industries — a Huntersville, North Carolina-based provider of electrical product solutions — says it has reached a deal to acquire Metallics, a Bristol, Connecticut-based manufacturer and supplier of fasteners and related supplies. Financial details were not announced. The acquisition will allow NSI to “further key inroads” into the electrical, HVAC, and building technologies markets, […]

How ‘Endless Assortment’ Became a Developing Way to Serve Grainger Customers

How ‘Endless Assortment’ Became a Developing Way to Serve Grainger Customers

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 post How ‘Endless Assortment’ Became a Developing Way to Serve Grainger Customers appeared first on Modern Distribution Management.

Bill Condron: VITALITY: Helping members position for the future

Given today’s rapidly changing business environment, strengthening your company’s ability to compete requires you to think about your businesses like never before. The environment requires new levels of strategic vision and a growth mindset that prioritizes strategic planning and investment. We are all challenged every day to stay relevant and enhance our ability to compete, […]

Goods and Services Deficit Rises in January

Goods and Services Deficit Rises in January

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis said the goods and services deficit was $89.7 billion in January, up $7.7 billion from $82.0 billion in December, revised. January exports were $224.4 billion, $3.9 billion less than December exports; January imports were $314.1 billion, $3.8 billion more than December imports, according to […]

Rexel USA CEO to Retire

Rexel USA CEO to Retire

Rexel USA CEO Jeff Baker will retire in April but will remain a member of the company’s board of directors, the distributor announced. Brad Paulsen will succeed Baker, who is retiring after 15 years, Rexel USA said. The transition will take effect April 18. Paulsen comes to Rexel USA from HD Supply, where he most […]

Podcast Guests Reinforce 2022 Outlook, Importance of Tech and Analytics

Podcast Guests Reinforce 2022 Outlook, Importance of Tech and Analytics

Distributors entered 2022 amidst a bullish and relatively rosy outlook. Having weathered many of the economic and supply chain crises brought on by the COVID-19 pandemic, most signs point to opportunities for companies to recover and thrive in the new year. (Fourth-quarter financial results from 2021 suggest that recovering and thriving is already well underway.) […]

February FDI Recovers ‘Nicely’

February FDI Recovers ‘Nicely’

The February Fastener Distributor Index “recovered nicely,” rebounding to 56.0 following a seasonal-adjustment-driven downtick in January (52.7), according to the latest analysis from Baird, FCH Sourcing Network and the Institute for Supply Management. The recovery was “broadly consistent” with recovery seen in the ISM PMI and other macroeconomic data points as COVID-related disruption eased, according […]