Pittsburgh-based Kennametal Inc. (NYSE: KMT) had fiscal 2022 first-quarter sales of $484 million, a 21% increase over the same period the prior year. Operating income for the quarter was $55 million, or 11.3% of sales, while net income was approximately $36 million. In the same quarter a year ago, the company reported losses. The company […]
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BradyIFS Acquires Millennium
Foodservice and janitorial and sanitation distributor BradyIFS acquired Millennium Packaging & Distribution, a San Antonio-based company offering disposables, dry goods, janitorial, cleaning and facility supplies. Financial terms of the acquisition were not disclosed. The deal expands BradyIFS’ sales presence and distribution footprint across Texas and the Midwest and provides Millennium’s customers with access to an […]
Reclamation Technologies Purchases DFW Refrigerant Services
Skip DeVilling to Retire
Industrial supply industry veteran F. A. “Skip” DeVilling III will retire next month, according to an announcement from DeVilling & Associates, LLC of Sarasota, Florida. “I would like to thank my constituents, mentors, and friends, who helped me throughout my career,” DeVilling said in a statement. “I am so grateful! We never do this by […]
US LBM Acquires Arrowhead
Building materials distributor US LBM, of Buffalo Grove, Illinois, acquired Arrowhead Stairs & Trim, a producer and installer of millwork, hardware and exterior cedar products in the Dallas-Ft. Worth area. Financial details of the agreement were not disclosed. US LBM Holdings Inc. ranks No. 5 on MDM’s Top Distributors list for building materials and construction […]
Supply Chain Disruptions Affecting U.S. Manufacturing Sector
As the economy grapples with supply chain disruptions, four manufacturing organizations are working to make sure various sectors of the economy, including HVAC, are able to get the support they need to serve their customers.
Rooftops Set to Become More Energy Efficient
The second phase will take place on Jan. 1, 2023, and require an additional 15% increase in efficiency.
HVACR Industry Responds To EPA’s HFC Phasedown Rule
The HVACR industry has been waiting anxiously to find out how EPA planned to implement the legislation.
Carrier Announces Price Increase on North American Products
Grainger Adding 100 Jobs
MRO distributor Grainger (NYSE: GWW) is expanding its customer service capabilities by adding approximately 100 new jobs to its Lake County, Illinois, headquarters. The company’s new customer service center will open in January, which will allow Grainger to “better support its growing customer base by continuing to deliver exceptional service,” the company said. The majority […]
Beacon Acquires Midway
Roofing material and building products distributor Beacon (Nasdaq: BECN) acquired Midway Sales & Distributing, Inc., a leading Midwest distributor of residential and commercial exterior building and roofing supplies. Midway serves customers at 10 locations across Kansas, Missouri and Nebraska. With annual sales of approximately $130 million, the acquisition “deepens Beacon’s already strong presence in the […]
Imperial Dade Acquires Nichols
Food service packaging and janitorial supply distributor Imperial Dade acquired Michigan-based Nichols Paper & Supply, the 43rd acquisition under Imperial Dade’s current leadership, the company announced. Financial terms of the agreement were not disclosed. Headquartered in Norton Shores, Michigan, Nichols is a distributor of janitorial supplies and industrial packaging run by Mike Olthoff, according to […]
Summit Opens New Service Center
Albuquerque-based Summit Electric Supply has opened a new, 6,500-square-foot Service Center in Richardson, Texas. The new center, which opened Monday, features a full counter, refreshment area, and a will-call desk for phone and online orders. “We’re happy to provide electrical supplies and unique solutions to the growing Richardson community,” said Service Center Manager Clay Choate. […]
Rexel USA CEO on Years-in-the-Making Acquisition of Mayer Electric
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 Rexel USA CEO on Years-in-the-Making Acquisition of Mayer Electric appeared first on Modern Distribution Management.
ISM: Manufacturing Sector Grows in October
Economic activity in the manufacturing sector grew in October, with the overall economy achieving a 17th consecutive month of growth, according to the latest Manufacturing ISM Report on Business. “The October Manufacturing PMI registered 60.8%, a decrease of 0.3 percentage point from the September reading of 61.1 percent,” according to Timothy R. Fiore, CPSM, C.P.M., […]
AD Sales Increase 34%
Wayne, Pennsylvania-based industrial products wholesale buying group AD says sales in the first nine months of 2020 were $44 billion, an increase of 34% across its 13 divisions. Same-store sales were up 19%. Member companies’ purchases from AD supplier partners grew 31%, while net distributions to its members were up 41%. “Every single day, we’re […]
Commercial Heating Showcase 2021
The ACHR NEWS spotlights the industry’s latest commercial heating products in this feature.
FYI: News Briefs in HVAC – November 1, 2021
For your information news briefs from a wide variety of categories within the HVAC industry. Price increases, mergers and acquisitions, award winners, and more are highlighted here each week.
Why Key Account Programs Need Constant Measurement
Key Accounts are a sizable and important segment for most mid-sized and larger distributors. While the exact definition of key accounts differs depending on the distributor, we’ll define key accounts as large volume customers with multiple locations (e.g., branches, dealerships) that span multiple sales territories or regions. Key accounts often involve multiple buyers and influencers […]
Heritage Landscape Acquires Wirtz
Heritage Landscape Supply Group, Inc., a McKinney, Texas-based subsidiary of SRS Distribution, acquired Wirtz & Daughters Landscape Supply, a family-owned distributor of bulk materials, hardscapes, natural stone, landscape lighting and other landscape products. Financial details were not disclosed. SRS ranks No. 6 on MDM’s Top Distributors list for building materials and construction distributors, with $3.8 […]
