Free 2024 Mobile Engagement Guidebook for Distributors

Category: Digitization

Residential Building Permits Up 13.5% in August

Residential Building Permits Up 13.5% in August

Privately owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 1,728,000, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. This is 13.5% above the August 2020 rate of 1,522,000 and 6% above the revised July rate of 1,630,000. Single‐family authorizations […]

ABC Supply Opens Location in Utah

ABC Supply Opens Location in Utah

Building materials distributor ABC Supply Co. Inc., Beloit, Wisconsin, on Tuesday announced it has opened a new location in St. George, Utah. Daniel (DJ) Cunningham is managing the new location, located at 982 E. Factory Dr. in St. George. Cunningham began his career in the industry in 2015 and joined ABC Supply’s Murray, Utah, location in 2018 […]

What the Best Distributor Advisory Councils Look Like

What the Best Distributor Advisory Councils Look Like

Editor’s note: To help manufacturers avoid the typical pitfalls encountered when they organize and manage a Distributor Advisory Council, The Corporate Development Institute (CDI) surveyed nearly 300 distributor principals in a variety of industries to determine which manufacturers had the most effective DACs. Since distributors usually carry the lines of several competitive manufacturers, they are […]

MiddleGround Capital Acquires Arrow Tru-Line

MiddleGround Capital Acquires Arrow Tru-Line

Lexington-based MiddleGround Capital, which is private equity firm that invests in North American middle market B2B industrial and specialty distribution companies, announced Tuesday that it has acquired Arrow Tru-Line, Inc. Financial terms of the acquisition weren’t disclosed. MiddleGround Capital has been looking to invest in the building products sector for some time Arrow Tru-Line, which […]

L&W Supply Promotes Jenkins to Central Region Vice President

L&W Supply Promotes Jenkins to Central Region Vice President

L&W Supply Corp., Chicago, recently announced it has promoted Curt Jenkins to the position of vice president for the company’s Central Region. Prior to his promotion, Jenkins, who has been in the building materials industry for 35 years, was L&W Supply’s district manager in Texas. Jenkins, who has been with L&W Supply for 24 years, […]

L&W Supply Corp., Chicago, recently announced it has promoted Curt Jenkins to the position of vice president for the company’s Central Region. Prior to his promotion, Jenkins, who has been in the building materials industry for 35 years, was L&W Supply’s district manager in Texas. Jenkins, who has been with L&W Supply for 24 years, […]

ASA launches VITALITY Growth Assessment Tool

Given today’s rapidly changing business environment, strengthening a company’s ability to compete will require leaders to think about their businesses like they never have before. Today’s environment requires a new level of strategic vision, growth mindset, planning, investment, expanding skill sets and taking risks to stay relevant and compete.

Contractors Share What They Want from Distributor Websites

Contractors Share What They Want from Distributor Websites

E-commerce is amazing. Recently, I left my Amazon Fire TV stick at a friend’s house, some 1,000 miles away. They could ship it to me, but I wouldn’t be getting it any time soon. So, I went onto Amazon and saw that I could order another one and receive it that night. By 8 p.m., […]

Midwest Building Supply Distributor Famous Enterprises Discloses Data Breach

Midwest Building Supply Distributor Famous Enterprises Discloses Data Breach

Akron-based Famous Enterprises, Inc. said on Friday that it recently began mailing letters to individuals whose information may have been compromised in a data security incident. Famous, which is a manufacturer and distributor of HVAC, plumbing, industrial and building products, said its computer systems were infected with malware on March 25 that encrypted data on […]

Olympic Steel Sells-Off Detroit Assets and Operations for $58.4M

Olympic Steel Sells-Off Detroit Assets and Operations for $58.4M

Cleveland-based Olympic Steel Inc. (Nasdaq: ZEUS) recently announced the sale of substantially all of the company’s Detroit assets and operations to Venture Steel Inc. The sale price, which exceeded the book value of the net assets sold, was $58.4 million in cash, subject to a future working capital adjustment, which is expected to increase the […]

Olympic Steel Sells Off Detroit Assets and Operations for $58.4M

Olympic Steel Sells Off Detroit Assets and Operations for $58.4M

Cleveland-based Olympic Steel Inc. (Nasdaq: ZEUS) recently announced the sale of substantially all of the company’s Detroit assets and operations to Venture Steel Inc. The sale price, which exceeded the book value of the net assets sold, was $58.4 million in cash, subject to a future working capital adjustment, which is expected to increase the […]

Johnson Controls Issues First $500 Million Sustainability-Linked Bond

Johnson Controls has furthered its leadership in sustainable finance following the completion of its first sustainability-linked bond offering of $500 million in ten-year senior notes.